Redington Limited — Investor Meet, 23-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Redington's SSG (Software Solutions Group) is driving the company's transformation, growing 29% (USD) last year to become a $2.2 billion business and 17% of total revenue. The company targets $5 billion in SSG revenue with 5.5-6% gross margins and ~2% PAT in the next three years.

SSG is shifting from transactional sales to an "orchestration" model, emphasizing recurring revenue (74% currently, aiming for 85%) and strong customer retention (85% renewal, targeting 90%). Investments are concentrated in platforms, AI, and professional services to deliver high-margin, predictable growth. Management views AI as a core differentiator, integrating it across all operations and market offerings. The outlook is confident, with SSG poised for sustained value creation.