Source: Inc42
The Bengaluru’s market intelligence firm Tracxn Technologies has announced a nearly ₹8 crore share buyback. The company will buy back up to 11.42 lakh fully paid-up equity shares at a fixed price of ₹70 per share through the tender offer method.
On July 7, Tracxn stated in a filing with the stock exchanges that the buyback committee of its board of directors had approved the offer in a meeting held on the same day. The company also communicated that it fixed July 18, 2025, as the record date for determining which shareholders can participate in the buyback.
The buyback price of ₹70 per share is about 22% higher than the stock’s closing price on the BSE of ₹57.37 on July 7. The buyback quantity represents just over 1% of the total number of equity shares outstanding in the company, which was 10.71 crore shares at March 2025.
The Impaired Financial Performance
The announcement comes at a point in time where Tracxn is currently going through a difficult financial time. For Q4 FY25, Tracxn had a net loss of ₹7.6 crore versus a net profit of ₹1.4 crore for Q4 the previous year.
Tracxn’s operating revenue in Q4 FY25 rose only marginally by 3.9% to ₹21.1 crore from ₹20.3 crore in Q4 FY24.
For the financial year ending March 2025 the company recorded a net loss of ₹9.5 crore, a dramatic turn around compared to its profit of ₹6.5 crore in FY24. Total revenue for the full financial year improved by a marginal 3% from ₹82.8 crore in FY24 to ₹84.5 crore FY25.
This weak performance has taken a toll on the company’s share price with Tracxn’s shares down more than 25% in 2025, and down more than 40% over the last year on the BSE.
About Tracxn
Tracxn was started in 2013 by Neha Singh and Abhishek Goyal. It is a software as a service (SaaS) platform that offers market research and data on startups and private companies from all over the globe. It provides information on company financials, private funding rounds, investor info and cap tables.
The company stated that it had data on over 3.13 lakh companies from over 15 countries as of March 2025, and has a client base of 1926 clients.
While this probably poses some challenges for Tracxn financially, their decision to purchase shares back is a sign of confidence in the future. .
