IRIS RegTech Solutions
👤 K. Balachandran (Co-founder/CEO, board of XBRL India. He and late founder Swaminathan sat on the govt XBRL committee that set the mandate.)🌐 siteLinkedIn
When the SEC and EU forced XBRL filing, the firm that helped shape the standard already sold the tool.
Will it work? · our read
Mandated demand. Profitable, growing 23% on rules the founders helped write. The catch is scale: a BSE small-cap with lumpy, regulator-led deals, not a mass-market SaaS.
01How the money moves
Regulator mandates XBRL/GST e-filing
→
Firms buy IRIS to tag and file
→
Recurring SaaS + per-filing fees
02The numbers
Rs 125.97 Cr ($15M)EstimateFY25 operating revenue
FY25 (Mar 2025)source:
Rs 125.97 crore operating revenue, FY25 (page states ₹12,597 lakhs; 100 lakh = 1 crore); about $15M at Rs 86/$
Site + press release figures; company is listed on BSE/NSE (scrip 540735). irisregtech.com
Up 23% YoY; net profit Rs 13.25 Cr (about $1.5M), +51%. Listed on BSE/NSE (scrip 540735).
🔒
You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
- A 🚀 launchpad prompt — the case, as a plan for your business
We rate our own confidence — and argue against ourselves. Nobody else in this category does.
Sources always public on all 492 cases · cancel anytime · 14-day refund
See a full teardown, free → Transistor.fmSourcesSources last checked 27 July 2026
IRIS FY25 results: operating revenue Rs 125.97 Cr, net profit +51%Screener.in — IRIS Regtech financials (BSE/NSE filings)IRIS RegTech — 1.5M+ filings, 30 regulators, 6000+ enterprisesIRIS CARBON — XBRL/iXBRL for SEC, ESEF, HMRC, FERC mandatesXBRL International on co-founder S. Swaminathan, XBRL standard-setter
Revenue is FY25 (year ended Mar 2025) consolidated operating revenue, Rs 125.97 crore (the source page states ₹12,597 lakhs; 100 lakh = 1 crore, so this is the same figure), from IRIS's FY25 results press release carried verbatim by a PTI wire feed — the page itself discloses 'no editorial input from The Wire.' That makes it the company's own numbers relayed by a wire service, so STATED, not FILED; no filing document was read, and screener.in (which does host the BSE/NSE filings) is a secondary source only. USD about $15M converted at roughly Rs 86/$ (company reports in rupees). Total income was Rs 128.51 Cr; net profit Rs 13.25 Cr (+51% YoY). Screener shows a standalone 'sales' line of Rs 110 Cr for FY25 — I used the consolidated operating-revenue figure the company reported, not verified against the filing itself. Founder & CEO S. Swaminathan (1962-2025) died in 2025; co-founders K. Balachandran (now CEO) and Deepta Rangarajan (COO) run it, both documented XBRL standards-body members. Metric tiles (30 regulators, 6000+ enterprises, 1.5M filings) are company-stated on its own site, not audited. Verified against company-issued press release, not an audited filing. We never score you.