{"id":321142,"date":"2026-10-21T16:07:22","date_gmt":"2026-10-21T10:37:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=321142"},"modified":"2026-10-21T16:07:22","modified_gmt":"2026-10-21T10:37:22","slug":"content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/","title":{"rendered":"3 Content Automation, CPaaS Platform and Digital Operations Stocks With a Strong Future Roadmap: Newgen Software Technologies, Tanla Platforms and eClerx Services"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>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.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">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.<\/p>\n<\/div>\n<p>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.<\/p>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#What_Are_Platform_and_Process_Services_Stocks\" title=\"What Are Platform and Process Services Stocks?\">What Are Platform and Process Services Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Platform_and_Process_Services_Stocks_at_a_Glance\" title=\"Platform and Process Services Stocks at a Glance\">Platform and Process Services Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Why_Do_Platform_and_Process_Services_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Platform and Process Services Stocks Have a Strong Roadmap in India?\">Why Do Platform and Process Services Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Why_Newgen_Software_Technologies_Features_Among_These_Platform_and_Process_Services_Stocks\" title=\"Why Newgen Software Technologies Features Among These Platform and Process Services Stocks\">Why Newgen Software Technologies Features Among These Platform and Process Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Why_Tanla_Platforms_Features_Among_These_Platform_and_Process_Services_Stocks\" title=\"Why Tanla Platforms Features Among These Platform and Process Services Stocks\">Why Tanla Platforms Features Among These Platform and Process Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Why_eClerx_Services_Features_Among_These_Platform_and_Process_Services_Stocks\" title=\"Why eClerx Services Features Among These Platform and Process Services Stocks\">Why eClerx Services Features Among These Platform and Process Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Newgen_Software_Technologies_vs_Tanla_Platforms_vs_eClerx_Services_on_Key_Financials\" title=\"Newgen Software Technologies vs Tanla Platforms vs eClerx Services on Key Financials\">Newgen Software Technologies vs Tanla Platforms vs eClerx Services on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Key_Risks_to_Check_Before_Investing_in_Platform_and_Process_Services_Stocks\" title=\"Key Risks to Check Before Investing in Platform and Process Services Stocks\">Key Risks to Check Before Investing in Platform and Process Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Final_Thoughts_on_Platform_and_Process_Services_Stocks\" title=\"Final Thoughts on Platform and Process Services Stocks\">Final Thoughts on Platform and Process Services Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#What_are_platform_and_process_services_stocks\" title=\"What are platform and process services stocks?\">What are platform and process services stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Which_platform_and_process_services_stocks_are_covered_in_this_list\" title=\"Which platform and process services stocks are covered in this list?\">Which platform and process services stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Why_do_platform_and_process_services_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do platform and process services stocks have a strong future roadmap in India?\">Why do platform and process services stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#How_has_Newgen_Software_Technologies_performed_financially\" title=\"How has Newgen Software Technologies performed financially?\">How has Newgen Software Technologies performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#How_has_Tanla_Platforms_performed_financially\" title=\"How has Tanla Platforms performed financially?\">How has Tanla Platforms performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#How_has_eClerx_Services_performed_financially\" title=\"How has eClerx Services performed financially?\">How has eClerx Services performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#What_risks_should_investors_check_before_buying_platform_and_process_services_stocks\" title=\"What risks should investors check before buying platform and process services stocks?\">What risks should investors check before buying platform and process services stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/content-automation-cpaas-platform-and-digital-operations-stocks-roadmap-ascent-list\/#Is_this_list_of_platform_and_process_services_stocks_investment_advice\" title=\"Is this list of platform and process services stocks investment advice?\">Is this list of platform and process services stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Platform_and_Process_Services_Stocks\"><\/span><strong>What Are Platform and Process Services Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Platform_and_Process_Services_Stocks_at_a_Glance\"><\/span><strong>Platform and Process Services Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/newgen\/newgen-software-technologies-ltd-share-price-today\">Newgen Software Technologies<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">479.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,835<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/tanla\/tanla-platforms-ltd-share-price-today\">Tanla Platforms<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">552.35<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,333<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/eclerx\/eclerx-services-ltd-share-price-today\">eClerx Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,920<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18,062<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.15<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Platform_and_Process_Services_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Platform and Process Services Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<ul>\n<li><strong>Process automation.<\/strong> Banks and governments adopt low-code platforms to speed up workflows.<\/li>\n<li><strong>Business messaging.<\/strong> Enterprises send more customer messages over secure platforms.<\/li>\n<li><strong>Managed operations.<\/strong> Clients hand data and operations work to specialist partners.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Newgen_Software_Technologies_Features_Among_These_Platform_and_Process_Services_Stocks\"><\/span><strong>Why Newgen Software Technologies Features Among These Platform and Process Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Monitor deal wins in the banking sector and the growth of recurring revenue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Tanla_Platforms_Features_Among_These_Platform_and_Process_Services_Stocks\"><\/span><strong>Why Tanla Platforms Features Among These Platform and Process Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Monitor message volumes and the adoption of new platform products.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_eClerx_Services_Features_Among_These_Platform_and_Process_Services_Stocks\"><\/span><strong>Why eClerx Services Features Among These Platform and Process Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Monitor client additions and growth in digital offerings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Newgen_Software_Technologies_vs_Tanla_Platforms_vs_eClerx_Services_on_Key_Financials\"><\/span><strong>Newgen Software Technologies vs Tanla Platforms vs eClerx Services on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three platform and process services stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Newgen Software Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">809<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,641<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">301<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Tanla Platforms<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,222<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,455<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">509<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">eClerx Services<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,185<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,218<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">706<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>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.<\/p>\n<p>The June 2026 quarter, the latest reported, gives a fresh read on momentum:<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY27 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Year-on-Year Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Newgen Software Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">350<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">393<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Tanla Platforms<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,053<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,240<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">eClerx Services<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">945<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,170<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Platform_and_Process_Services_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Platform and Process Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<ul>\n<li><strong>Client budgets.<\/strong> Technology spending can change with conditions.<\/li>\n<li><strong>Regulatory changes.<\/strong> Rules on messaging and data can influence usage.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter platform and process services stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Platform_and_Process_Services_Stocks\"><\/span><strong>Final Thoughts on Platform and Process Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track platform and process services stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_platform_and_process_services_stocks\"><\/span><strong>What are platform and process services stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_platform_and_process_services_stocks_are_covered_in_this_list\"><\/span><strong>Which platform and process services stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_platform_and_process_services_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do platform and process services stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Newgen_Software_Technologies_performed_financially\"><\/span><strong>How has Newgen Software Technologies performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Tanla_Platforms_performed_financially\"><\/span><strong>How has Tanla Platforms performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_eClerx_Services_performed_financially\"><\/span><strong>How has eClerx Services performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_platform_and_process_services_stocks\"><\/span><strong>What risks should investors check before buying platform and process services stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_platform_and_process_services_stocks_investment_advice\"><\/span><strong>Is this list of platform and process services stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are platform and process services stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which platform and process services stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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%.\"}},{\"@type\":\"Question\",\"name\":\"Why do platform and process services stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Newgen Software Technologies performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Tanla Platforms performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has eClerx Services performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying platform and process services stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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. 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Compare price, valuation, return on equity and revenue growth as of 20 October 2026.<\/p>\n","protected":false},"author":34,"featured_media":321141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,14100,14101,14099,13945,14098,10127],"class_list":["post-321142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-digital-operations-stocks","tag-eclerx-services","tag-low-code-and-messaging-shares","tag-newgen-software-technologies","tag-platform-and-process-services-stocks","tag-tanla-platforms"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["321141"],"rank_math_title":["Platform and Process Services Stocks With a Roadmap"],"rank_math_description":["Compare 3 platform and process services stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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