IRIS Q1 topline grows 10%, investments ramp up in Regtech business

Hindustan Times

3 days ago

Navi Mumbai, India – August 14, 2025: IRIS Business Services Limited posted a 10% growth in topline for the first quarter of FY 2026 even as the company geared up to scale its SaaS business in the enterprise technology space.
'Post the divestment of the Taxtech business and with the availability of non-dilutive capital, we are fully focused on taking the necessary steps to grow our Suptech and Regtech business lines, both of which have large and attractive opportunities globally,' said K. Balachandran, CEO of IRIS. 'This is an investment phase in the growth trajectory of the company, especially in our Regtech global SaaS business, where we are investing in building the sales and marketing infrastructure, as well as strengthening our products to meet the demands of enterprise customers in the global market,' he added.
The Suptech business of the company continued to perform well as revenues grew at 19% YoY with improved margins. The company also received in Q1 FY2026, in partnership with Accenture, a prestigious award from the Qatar Central Bank to build a digital reporting platform.
IRIS' new AI enabled automated XBRL report creation product, IRIS Instant, was rolled out in the Malaysian markets and saw early adoption through a much more simplified and intuitive way of creating digital XBRL reports. 'Going forward, regulators are likely to see tools like IRIS Instant making XBRL creation using AI much easier within their jurisdictions. This in turn should enable newer regulators to more easily adopt digital standards like XBRL,' said Rahul Dhamne, Consulting Head, IRIS iFile.
On the Regtech side, IRIS Carbon clocked a 10% growth in Annual Recurring Revenue (ARR) on a QoQ basis. 'Our new Disclosure Management product has been well received in the market with over two dozen customers using this solution in the international markets, at a significantly higher annual subscription value compared with pure XBRL reporting module,' said Deepta Rangarajan, Co-founder of IRIS. 'Even as we enhance our offering to make it best-in-class, it is heartening to see that our disclosure management solution has been able to establish clear value for the Office of the CFO both in the mid-market segment as well as in the enterprise segment,' said Anuradha RK, Business Head, IRIS Carbon.
Vineet Kandoi, Finance Controller at IRIS concluded 'While the first quarter is typically a subdued period for the Regtech business, this quarter's performance was further impacted by the deferral of a few anticipated orders for our automated data flow solution in the BFSI segment. We expect these to materialize in the coming periods. However, our principal focus is on growing the ARR, and we believe we will see that happening with the investments we are currently making.'
About IRIS Business Services Limited
IRIS Business Services Limited is a Global RegTech company listed on the BSE (Scrip code: 540735) and the NSE (Symbol: IRIS). The IRIS SupTech suite is leveraged by 30+ regulators worldwide including business registries, central banks and stock exchanges/ securities commissions to simplify and streamline their supervisory operations. IRIS is also a leading provider of financial, ESG and regulatory reporting software to enterprises, banks and financial institutions across the world. For more information, please visit www.irisbusiness.com.
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