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Summary:
Excelsoft Technologies Limited, a Mysuru-based tech company specializing in SaaS solutions for the learning sector, has gone public with an IPO aimed at raising approximately ₹500 crore. Founded in 2000 from humble beginnings, the company now boasts a global presence, serving over 30 million learners. The IPO is intended to fuel international expansion, investment in AI capabilities, and consolidation of its Mysuru operations into a larger campus. The company has already established subsidiaries with local talent in key markets to mitigate risks related to international operations. Excelsoft also aims to create employment opportunities, leveraging improved connectivity between Mysuru and Bengaluru to attract and retain talent.
News Article:
Mysuru Tech Firm Excelsoft Goes Public, Aims for Global Growth with ₹500 Crore IPO
Mysuru, India – November 23, 2025 – Excelsoft Technologies Limited, a leading global vertical SaaS company based in Mysuru, has officially launched its Initial Public Offering (IPO) on November 19th, seeking to raise approximately ₹500 crore. The move signals a major expansion strategy for the company, which provides technology products and solutions to the learning sector.
Founded in 2000 by Dhananjaya Sudhanva, the company’s Chairman and Managing Director, Excelsoft has grown from a small startup with a single PC to a company with over 1,000 employees worldwide, serving over 30 million learners. The IPO aims to fuel several key initiatives, including establishing a physical presence in international markets, investing in cutting-edge Artificial Intelligence (AI) capabilities, and consolidating its Mysuru operations.
“This is a proud moment for our team,” said Sudhanva. “The IPO will help us replicate our success by expanding further into key markets and investing in AI, which is essential for remaining competitive.”
The company has already established wholly-owned subsidiaries in key markets such as the US, UK, and Singapore to mitigate risks and improve customer relations. Excelsoft also plans to use the funds to build a state-of-the-art AI facility in Mysuru and consolidate its local operations into a larger, more efficient campus.
Excelsoft’s IPO is also expected to create significant employment opportunities in the region, leveraging the improved connectivity between Mysuru and Bengaluru to attract and retain top talent. The company also intends to undertake a Qualified Institutional Placement (QIP) of a similar amount.
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