3 Content Automation, CPaaS Platform and Digital Operations Stocks With a Strong Future Roadmap: Newgen Software Technologies, Tanla Platforms and eClerx Services
- October 21, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Newgen Software Technologies, Tanla Platforms and eClerx Services: ROE of 18.7% to 27.6% and FY22 to FY26 revenue CAGR of 8.4% to 19.4%. Prices as of 20 Oct 2026.
Quick Answer
The three platform and process services stocks to watch are Newgen Software Technologies, Tanla Platforms and eClerx Services. Their return on equity ranges from 18.7% to 27.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 19.4%. eClerx Services has the highest return on equity at 27.6%, while Newgen Software Technologies has the fastest revenue growth at 19.4% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Platform and process services stocks follow companies that sell software platforms and run digital operations for large clients. Newgen Software Technologies, Tanla Platforms and eClerx Services cover a low-code automation software maker, a communications platform and a data and process services provider.
This list covers three platform and process services stocks with complete current figures: Newgen Software Technologies, Tanla Platforms and eClerx Services. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.
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What Are Platform and Process Services Stocks?
Platform and process services stocks are listed companies that sell software platforms, communication services or managed digital operations. Their earnings follow client wins, usage volumes and recurring revenue.
Platform and Process Services Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Newgen Software Technologies | 479.1 | 6,835 | 21.8 | 17.5 | 18.7 | 0.02 |
| Tanla Platforms | 552.35 | 7,333 | 13.8 | 17.5 | 20.5 | 0.02 |
| eClerx Services | 1,920 | 18,062 | 24.8 | 17.5 | 27.6 | 0.15 |
On valuation, Tanla Platforms trades at a P/E below the industry P/E, while Newgen Software Technologies and eClerx Services trade above it, which reflects the growth the market already expects. Readers comparing platform and process services stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Platform and Process Services Stocks Have a Strong Roadmap in India?
Platform and process services stocks have a strong roadmap in India because enterprises are automating work, using digital messaging for customers and outsourcing data-heavy operations.
- Process automation. Banks and governments adopt low-code platforms to speed up workflows.
- Business messaging. Enterprises send more customer messages over secure platforms.
- Managed operations. Clients hand data and operations work to specialist partners.
Why Newgen Software Technologies Features Among These Platform and Process Services Stocks
Among the platform and process services stocks on this list, Newgen Software Technologies, based in Delhi, offers low-code platforms for content management, process automation and customer engagement to banks, insurers and governments.
The company has a return on equity of 18.7%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 6,835 crore. The stock trades at a P/E of 21.8, above the industry P/E of 17.5.
Revenue rose from Rs 809 crore in FY22 to Rs 1,641 crore in FY26, a compound annual growth rate of 19.4%. Net profit grew from Rs 164 crore in FY22 to Rs 301 crore in FY26, which works out to a compound annual growth rate of 16.3%. In the June 2026 quarter, revenue grew 12.3% year on year to Rs 393 crore, while net profit rose 26.3% to Rs 62.8 crore.
Roadmap: Digital transformation at banks and public sector organisations, plus new artificial intelligence features on its platform, widen its addressable market. A growing share of recurring licence and cloud revenue improves predictability.
What to watch: Monitor deal wins in the banking sector and the growth of recurring revenue.
Why Tanla Platforms Features Among These Platform and Process Services Stocks
Among the low-code and messaging shares on this list, Tanla Platforms, based in Hyderabad, offers communications platform services, including messaging and authentication through its Wisely platform, to enterprises.
Revenue rose from Rs 3,222 crore in FY22 to Rs 4,455 crore in FY26, a compound annual growth rate of 8.4%. Net profit for FY26 was Rs 509 crore, a net margin of 11.4%.
In the June 2026 quarter, revenue grew 17.8% year on year to Rs 1,240 crore, while net profit rose 20.1% to Rs 142 crore. The company has a return on equity of 20.5%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 7,333 crore. The stock trades at a P/E of 13.8, below the industry P/E of 17.5.
Roadmap: Growth in enterprise messaging, plus fraud-prevention and digital-trust services, supports volumes. It has built products around artificial intelligence and blockchain, which can raise revenue per message.
What to watch: Monitor message volumes and the adoption of new platform products.
Why eClerx Services Features Among These Platform and Process Services Stocks
Among the three companies on this list, eClerx Services, based in Mumbai, offers data analytics, digital operations and process services to financial services, retail and technology clients.
In the June 2026 quarter, revenue grew 23.8% year on year to Rs 1,170 crore, while net profit rose 16.0% to Rs 164 crore. Revenue rose from Rs 2,185 crore in FY22 to Rs 4,218 crore in FY26, a compound annual growth rate of 17.9%.
Net profit grew from Rs 418 crore in FY22 to Rs 706 crore in FY26, which works out to a compound annual growth rate of 14.0%. The company has a return on equity of 27.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 18,062 crore. The stock trades at a P/E of 24.8, above the industry P/E of 17.5.
Roadmap: Clients are buying more data and automation work, and eClerx is adding artificial intelligence-led offerings. A balance sheet with little debt and high returns on capital gives it flexibility to invest and return cash.
What to watch: Monitor client additions and growth in digital offerings.
Newgen Software Technologies vs Tanla Platforms vs eClerx Services on Key Financials
The table below sets the three platform and process services stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Newgen Software Technologies | 809 | 1,641 | 19.4% | 301 | 18.3% |
| Tanla Platforms | 3,222 | 4,455 | 8.4% | 509 | 11.4% |
| eClerx Services | 2,185 | 4,218 | 17.9% | 706 | 16.7% |
eClerx Services posts the highest return on equity in this group at 27.6%. Tanla Platforms has the largest FY26 revenue at Rs 4,455 crore, and Newgen Software Technologies shows the fastest revenue growth with a 19.4% compound annual rate. A useful habit with platform and process services stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Newgen Software Technologies | 350 | 393 | 12.3% |
| Tanla Platforms | 1,053 | 1,240 | 17.8% |
| eClerx Services | 945 | 1,170 | 23.8% |
Key Risks to Check Before Investing in Platform and Process Services Stocks
Every theme carries risks that deserve a check before any decision. For these platform and process services stocks, the main points are: Long-term low-code and messaging shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Client budgets. Technology spending can change with conditions.
- Regulatory changes. Rules on messaging and data can influence usage.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter platform and process services stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Platform and Process Services Stocks
Platform and process services stocks suit investors who follow recurring revenue and client wins. Newgen Software Technologies, Tanla Platforms and eClerx Services each offer a scalable service model. Based on the 20 October 2026 close, Newgen Software Technologies trades at Rs 479.1, Tanla Platforms at Rs 552.35 and eClerx Services at Rs 1,920.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are platform and process services stocks?
Ans. Platform and process services stocks are listed companies that sell software platforms, communication services or managed digital operations. Their earnings follow client wins, usage volumes and recurring revenue. This list looks at three of them, Newgen Software Technologies, Tanla Platforms and eClerx Services, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which platform and process services stocks are covered in this list?
Ans. This list covers Newgen Software Technologies, Tanla Platforms and eClerx Services. Based on the 20 October 2026 close, Newgen Software Technologies traded at Rs 479.1, Tanla Platforms at Rs 552.35 and eClerx Services at Rs 1,920. Their return on equity ranges from 18.7% to 27.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 19.4%.
Why do platform and process services stocks have a strong future roadmap in India?
Ans. Platform and process services stocks have a strong roadmap in India because enterprises are automating work, using digital messaging for customers and outsourcing data-heavy operations. The main drivers are as follows. Process automation. Banks and governments adopt low-code platforms to speed up workflows. Business messaging. Enterprises send more customer messages over secure platforms. Managed operations. Clients hand data and operations work to specialist partners. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Newgen Software Technologies performed financially?
Ans. Revenue rose from Rs 809 crore in FY22 to Rs 1,641 crore in FY26, a compound annual growth rate of 19.4%. Net profit grew from Rs 164 crore in FY22 to Rs 301 crore in FY26, which works out to a compound annual growth rate of 16.3%. In the June 2026 quarter, revenue grew 12.3% year on year to Rs 393 crore, while net profit rose 26.3% to Rs 62.8 crore. The company has a return on equity of 18.7%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 6,835 crore. The stock trades at a P/E of 21.8, above the industry P/E of 17.5. Looking ahead, digital transformation at banks and public sector organisations, plus new artificial intelligence features on its platform, widen its addressable market. A growing share of recurring licence and cloud revenue improves predictability.
How has Tanla Platforms performed financially?
Ans. Revenue rose from Rs 3,222 crore in FY22 to Rs 4,455 crore in FY26, a compound annual growth rate of 8.4%. Net profit for FY26 was Rs 509 crore, a net margin of 11.4%. In the June 2026 quarter, revenue grew 17.8% year on year to Rs 1,240 crore, while net profit rose 20.1% to Rs 142 crore. The company has a return on equity of 20.5%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 7,333 crore. The stock trades at a P/E of 13.8, below the industry P/E of 17.5. Looking ahead, growth in enterprise messaging, plus fraud-prevention and digital-trust services, supports volumes. It has built products around artificial intelligence and blockchain, which can raise revenue per message.
How has eClerx Services performed financially?
Ans. Revenue rose from Rs 2,185 crore in FY22 to Rs 4,218 crore in FY26, a compound annual growth rate of 17.9%. Net profit grew from Rs 418 crore in FY22 to Rs 706 crore in FY26, which works out to a compound annual growth rate of 14.0%. In the June 2026 quarter, revenue grew 23.8% year on year to Rs 1,170 crore, while net profit rose 16.0% to Rs 164 crore. The company has a return on equity of 27.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 18,062 crore. The stock trades at a P/E of 24.8, above the industry P/E of 17.5. Looking ahead, clients are buying more data and automation work, and eClerx is adding artificial intelligence-led offerings. A balance sheet with little debt and high returns on capital gives it flexibility to invest and return cash.
What risks should investors check before buying platform and process services stocks?
Ans. Investors should check a few risks before buying platform and process services stocks. Client budgets. Technology spending can change with conditions. Regulatory changes. Rules on messaging and data can influence usage. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of platform and process services stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 20 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
