Hyderabad: Kellton Tech Solutions Limited, a digital transformation and enterprise solution company, has seen its long term issuer rating upgraded to ‘IND A-’ with a stable outlook. This upgrade, by the Indian Ratings and Research agency, reflects the company’s successful transition into a more mature and financially resilient organization.
Drivers of the Upgrade
The company has seen various factors that have contributed ot the improved credit profile, including:
- Sustained Operational Momentum: Kellton has consistently secured and executed large scale digital transformation contracts across the US, Europe, and India.
- Financial De-risking: The company has improved its net leverage and interest coverage ratios as it has implemented disciplined capital allocation.
- Diversified Revenue Streams: The company has successfully expanded to high growth sectors like Healthcare, E-commerce, and Energy, reducing its dependency on any single client or industry.
- Enhanced Liquidity: A strong cash position and better working capital cycle management have significantly strengthened the company’s balance sheet.
“The upgrade by India Ratings & Research reflects the consistency of our execution and the progress we have made in strengthening our financial and operational fundamentals. What is particularly encouraging is the alignment of independent external assessments on our improving credit profile, which reinforces confidence in the direction we are taking as an organization. We remain focused on maintaining financial discipline while continuing to invest in high-impact areas such as AI and cloud-led services, ensuring that we build a resilient and scalable growth platform for the long term.” Niranjan Chintam, Executive Chairman, Kellton Tech Solutions Limited said in a press release.
