Elnet Technologies

What Elnet Technologies does

Elnet Technologies Limited is a publicly listed Indian joint sector company incorporated on August 1, 1990, jointly promoted by Electronics Corporation of Tamil Nadu (ELCOT), a Tamil Nadu government nodal agency, and Stur Technologies Pvt Ltd. The company operates Elnet Software City, a commercial IT infrastructure facility on a 3.16-acre plot in Taramani, Chennai, immediately adjacent to TIDEL Park along Tamil Nadu's IT corridor. The single asset comprises a super built-up area of 2,00,000 sq.ft with a lettable area of 1,70,000 sq.ft and runs at 100% occupancy, housing approximately 2,500 employees of its tenant companies. The company is listed on BSE (BOM:517477), holds ISO 9001:2008 certification, and has carried a CARE A-; Stable credit rating from CARE Ratings Limited since 2020-21.

The core technical offering is a plug-and-play IT workspace. Each module is supplied through UPS-driven power, with 100% diesel generator backup and a 900 TR split-packaged air conditioning system across the complex; 12 x 120 KVA UPS units operate in parallel-redundant mode. Data connectivity is delivered via point-to-point microwave links to multiple carriers — TATA VSNL, STPI, Reliance, Airtel, and BSNL — allowing tenants to transfer data without depending on a single carrier. The asset is targeted at software and BPO tenants, and named customers include AXISCADES Engineering Technologies, Quest Global Engineering, Pearson India Education Service, AGS Health, Crayon Data, Logitech Engineering and Designs India, Banca Sella (Chennai branch), and Island Pacific Retail Systems, among others.

Revenue is generated through infrastructure rental services: Elnet leases ready-to-use office space to software and BPO companies at Elnet Software City under a managed-services model with a B2B enterprise field-sales motion. The company does not publicly disclose per-sq.ft pricing. Financial reporting indicates FY26 net profit of ₹2,009.21 lakhs, up from ₹1,755.22 lakhs in FY25, with Q3 FY26 standalone net profit of ₹5.03 crore, a 16.44% year-over-year increase. Governance activity in 2024-2025 has been elevated, with multiple board reconstitutions, CFO and Company Secretary changes, and four BSE-imposed penalties between November 2024 and March 2026, indicating listing-compliance friction.

Name

Elnet Technologies

Legal name

Elnet Technologies Limited

Website

https://elnettechnologies.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Elnet Technologies Limited operates Elnet Software City, a 1,70,000 sq.ft plug-and-play IT park in Taramani, Chennai, leasing fully serviced office space with power backup, HVAC, and data connectivity to software and BPO tenants. The publicly listed joint sector company runs its single asset at 100% occupancy.

Ownership category

akta.pro rank

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Others

Revenue model

1. Infrastructure Rental Services: ETL provides infrastructure services to Software and BPO Companies through its commercial real estate facility. Revenue is generated from leasing lettable office space to software and BPO companies at Elnet Software City. The complex has 100% occupancy with 1,70,000 sq.ft lettable area.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Elnet Technologies Limited operates Elnet Software City, a 3.16-acre plug-and-play IT infrastructure facility in Taramani, Chennai, that leases 1,70,000 sq.ft of lettable office space to software and BPO companies. The facility is equipped with 100% diesel generator backup, 900 TR air conditioning, UPS systems in parallel redundant mode, and multi-provider microwave data connectivity. The complex currently maintains 100% occupancy and houses approximately 2,500 people.

Product overview

Elnet Technologies Limited is a Joint Sector Company promoted by Electronics Corporation of Tamil Nadu and Stur Technologies Pvt Ltd, providing infrastructure services to software and BPO companies through its flagship offering, Elnet Software City. The company operates a 3.16-acre IT park in Taramani, Chennai, with 100% occupancy housing approximately 2,500 people. The infrastructure portfolio includes power backup systems, HVAC, and data connectivity services.

Differentiator

Problem solved

Functional benefit

Products and services

• Elnet Software City Plug-and-play IT infrastructure facility providing 1,70,000 sq.ft of lettable commercial office space in Chennai's IT corridor, designed for software and BPO companies. The facility features 100% diesel generator backup, 900 TR split packaged air conditioning, 12 x 120 KVA UPS systems in parallel redundant mode, point-to-point microwave data connectivity, and base plates of 24,000 sq.ft with lavish common areas.

Quantifiable outcome

• 100% occupancy level demonstrating infrastructure quality and market demand
• +1 more outcomes

Named customers18 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Electronics Corporation of Tamil Nadu (ELCOT)coreStrategic or Co-development PartnerJoint sector company promoter - Electronics Corporation of Tamil Nadu (ELCOT) is a government-promoted entity that co-founded Elnet Technologies as a joint sector initiative. ELCOT is Tamil Nadu's nodal agency for electronics and IT industry development.
• Stur Technologies Pvt Ltd (formerly New Era Technologies Pvt Ltd)coreStrategic or Co-development PartnerJoint sector company promoter - Stur Technologies Pvt Ltd (formerly New Era Technologies Pvt Ltd) & its Associates co-promoted Elnet Technologies as a joint sector initiative. This private promoter brings commercial technology park development expertise.

Scale indicators6 records

Recent moves6 records

Expansion highlights2 records

Regional players

• Prestige Group: Diversified Indian real estate developer with commercial office and IT SEZ portfolio, particularly strong in South India. Comparable in providing plug-and-play office space to enterprise and IT tenants, though at much larger scale across multiple cities.
• Sattva Group (Salarpuria Sattva): Bengaluru-headquartered real estate developer with significant commercial office and IT park portfolio in South India. Comparable in operating IT parks and commercial office spaces serving enterprise tenants in the same regional geography.
• Brigade Enterprises: South India-focused real estate developer with significant commercial office and IT park portfolio including properties in Chennai. Comparable business model (commercial office leasing) in similar geographic market, though much larger and more diversified than Elnet.

Broad incumbents

• DLF Limited: India's largest real estate developer with a substantial commercial office portfolio including IT parks and cybercity developments. Comparable in leasing office space to enterprise tenants, though operating at a vastly different scale with a national footprint.
• Mindspace Business Parks REIT: Listed REIT owning and operating integrated business parks and IT campuses across Mumbai, Hyderabad, Chennai, and Pune. Comparable as a commercial real estate landlord to enterprise tenants including IT/ITES firms, though with a multi-asset portfolio.
• RMZ Corp: One of India's largest commercial real estate and IT park developers operating across Bangalore, Chennai, and other cities. Comparable as a commercial IT park operator serving enterprise tenants, though at vastly greater scale and with a diversified portfolio versus Elnet's single asset.
• Embassy Office Parks REIT: India's first listed REIT, operating large-scale office and IT parks across Bangalore, Mumbai, Pune, and Chennai. Directly comparable as a commercial office landlord to enterprise tenants, but at institutional scale with REIT structure versus Elnet's single-asset company structure.
• CapitaLand India (Ascendas India): Singapore-based CapitaLand's India arm operates IT parks and business parks across Indian cities including Chennai. Comparable as an IT park operator serving enterprise and IT/ITES tenants, though backed by an international parent and operating multiple assets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/elnet-technologies-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elnet Technologies