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IT products and services company Virinchi Ltd has decided to restructure its Software-as-a-Service (SaaS) business into a 100 per cent subsidiary via a slump sale, creating a focused SaaS entity to “unlock long-term shareholder value.”
“We have decided to divest a portion of the SaaS business via private investment, strategic partnerships or IPO, and utilise the proceeds to reduce debt at the consolidated level as well as invest in the healthcare vertical to expand the Virinchi hospital chain,” the company said in a statement here on Saturday.
The company’s standalone net profit stood at ₹6.13 crore in the first quarter ended June 30, 2025, as against ₹5.46 crore in the same quarter last year. During the period, it posted a total income of ₹45 crore (₹37.72 crore).
The consolidated net profit for the quarter was put at ₹37 lakh (₹1.04 crore) on a revenue of ₹79.77 crore (₹76.30 crore).
Published on August 16, 2025