November 2026
Largest SupplyChainTech Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Delhivery, Shadowfax, Kernex Microsystems, Acevector and Unicommerce.
 | Delhivery Ltd is engaged in providing a full range of logistics services, including delivery of express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation and assembly services, and fraud detection. It has one segment, which is Logistics Services. The company generates the majority of its revenue from India. | $4 | -9% | $3.2B | $2.8B | 2.5x | 34.3x | ||
| Shadowfax Technologies Ltd is engaged in the business of providing platform for logistics services using technology to Business to Business customers. The company provides logistics services to enterprise clients across sectors including e-commerce, quick commerce, food marketplaces, and on-demand mobility. Its offerings include express parcel delivery, reverse logistics, exchange deliveries, scheduled and time-bound deliveries, hyperlocal and on-demand deliveries, mobility-related services, and other logistics solutions. The company derives revenue from the provision of its logistics and delivery services, with the majority generated from its Express forward parcel services. | $3 | -- | $1.7B | $1.6B | 3.6x | 64.5x | ||
| Kernex Microsystems (India) Ltd is an India based company engaged in the manufacture and sale of Safety Systems and Software services for Railways. The company is in the business of designing, developing, and deployment of Train Collision Avoidance Systems in Indian Railways, and successfully completing the installation of automatic and semi-automatic Railway Gates. It offers products which include LxGuard, TrainSHIELD, SAFELx, SENTINEX, CASRY, KMDAX, ATRW, KTPIS, and BCPS2440. Geographically, it generates the majority of its revenue within India. | $17 | +32% | $281M | $294M | 6.5x | 19.0x | ||
| Acevector Ltd is mainly engaged in the business of establishing, developing, designing and conceptualizing direct marketing and sales promotion solutions through web and non-web based platforms. The company is also involved in providing various kinds of warehousing solutions and the business of trading via e-commerce mode and providing an e-commerce platform for consumer goods. It operates an asset-light digital commerce ecosystem consisting of data, technology and AI-driven businesses - value e-commerce marketplace, e-commerce enablement software as a service (SaaS) and consumer brands. The majority of the company's revenue is derived from operations through Snapdeal, its lifestyle e-commerce marketplace business platform. | $0 | -- | $112M | $75M | 27.7x | (23.1x) | ||
| Unicommerce eSolutions Ltd is engaged in the business of providing a range of Software Services, more specifically known in the IT (Information Technology) field as Software as a Service (SaaS), relating to Supply chain management. It provides solutions that consist of Warehouse Management System, Direct Customer (D2C), Omni-Channel Retail Management, Inventory Management System, UniShip Logistics Tracking & Returns, Uniware Mobile App, Multichannel Order Management System, UniReco Payment Reconciliation, Shipping Integration, Seller Management Panel System, Dashboard & Reports, and Marketplace Integration. Geographically, it generates the majority of its revenue within India. | $1 | -41% | $95M | $84M | 3.9x | 21.5x | ||
| Median | $3 | -9% | $281M | $294M | 3.9x | 21.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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