| Market Cap (cr): | ₹2,741 Cr* | Book Value: | ₹1,312 |
|---|---|---|---|
| Lot Size: | 100 | 52 Week High: | ₹1,500 |
| 52 Week Low: | ₹1,000 | EPS: | ₹15.00 (FY2021) |
| Demat Account: | PB: | Approx. 1.39 | |
| Face Value: | ₹10 | Debt To Equity: | Debt-Free |
| No Of Shares: | Approx. 13,12,00,000 | Url: | https://www.aricent.com |
Overview :
Ownership Has Changed Twice — Understand the Chain
Aricent is no longer an independent company. It sits inside the Capgemini group today, via a two-step acquisition chain.
| Step | What Happened |
|---|---|
| 1. 2018 | Altran Technologies (France) acquired Aricent for approximately US$2 billion, creating a global engineering and R&D services leader |
| 2. 2020 | Capgemini acquired Altran, bringing Aricent’s operations into the Capgemini group |
| Today | Aricent’s business operates as part of Capgemini Engineering |
What this means for you as an investor:
- Any Aricent entity shares you hold or buy represent a small minority stake in a globally controlled subsidiary
- Corporate restructuring following acquisitions often involves mergers, buybacks or squeeze-outs — the terms of which are set by the controlling group, not negotiated with minorities
- You may be able to get comparable exposure through Capgemini Technology Services India Limited, which is far larger and more actively traded in the unlisted market — see our Capgemini India page →
Before you transact, call Arms Securities at +91-8882245112. We will confirm the exact entity, its current status, whether any corporate action has occurred or is pending, and whether shares are genuinely available.
Key Takeaways
- Aricent was a global engineering and R&D services company specialising in product engineering, software development, communications technology and design — with substantial operations in India, notably Gurugram and Bengaluru.
- Its heritage traces to Hughes Software Systems, giving it deep roots in telecommunications and networking software — a genuinely specialised capability.
- Acquired by Altran Technologies in 2018 for approximately US$2 billion; Altran was then acquired by Capgemini in 2020.
- Aricent also owned frog design, a globally renowned product design and innovation consultancy.
- The practical investor conclusion: this is a minority stake in a twice-acquired entity now inside a global group — a corporate-action situation, not an operating-business investment.
Company Overview
| Parameter | Details |
|---|---|
| Company Name | Aricent Technologies (Holdings) Limited |
| Heritage | Hughes Software Systems lineage |
| Business | Engineering and R&D services, product engineering, communications software, design |
| Notable Asset | frog design — global product design consultancy |
| 2018 | Acquired by Altran Technologies for ~US$2 billion |
| 2020 | Altran acquired by Capgemini |
| Current Group | Capgemini |
| Key India Locations | Gurugram, Bengaluru |
What Aricent Did
1. Communications and Networking Software Building on Hughes Software Systems heritage, Aricent was a leading provider of protocol stacks, network software and telecom product engineering — serving equipment makers and operators worldwide.
2. Product Engineering Services Outsourced R&D for technology companies — designing, developing and testing hardware and software products.
3. Design and Innovation (frog design) frog is one of the world’s most celebrated design consultancies, with a history in shaping iconic consumer products. Its acquisition gave Aricent a design-led differentiation rare among engineering services firms.
4. Semiconductor and Embedded Engineering Chip design services and embedded software development.
Why Engineering R&D Services Is an Attractive Sector
- Higher value than IT services. ER&D commands premium billing rates because it requires domain-specific engineering expertise, not just software development.
- Sticky, multi-year engagements. Product development programmes run for years.
- India is the global ER&D hub. Global companies have located substantial engineering capacity in India, and the sector has grown faster than traditional IT services.
- 5G, automotive electronics, IoT and semiconductors all drive ER&D demand.
Risks to Consider — Read Carefully
- You are a small minority in a globally controlled entity. Capgemini controls strategy, capital allocation and any corporate action.
- Post-acquisition restructuring risk. Following two acquisitions, entity mergers, amalgamations, buybacks or squeeze-outs are plausible — and the terms would be set by the controlling group.
- Limited standalone disclosure. Aricent’s Indian entity financials flow largely through group reporting.
- Verify what actually exists. After two acquisitions and likely restructuring, confirm with Arms Securities that the specific entity and shares are genuinely available and transferable before paying anything.
- Extremely thin liquidity — very small float and limited market interest.
- Better alternative may exist. Capgemini Technology Services India Limited is far larger (FY25 total income ₹30,002.50 crore, PAT ₹3,613 crore, debt-free) and more actively traded — potentially a cleaner way to get Capgemini group exposure.
- No IPO — none announced or plausible for a group subsidiary.
How to Proceed
Do not buy on a general description. Call +91-8882245112 and ask us to:
- Confirm the exact legal entity and its CIN
- Verify the current corporate status after the Altran and Capgemini acquisitions
- Advise whether any merger, buyback or squeeze-out has occurred or is pending
- Tell you honestly whether Capgemini Technology Services India would serve your objective better
- Provide a current price and lot size if shares are genuinely available
FAQs
What is the current price of Aricent Technologies unlisted shares?
Given the two-step acquisition and likely restructuring, availability and pricing must be verified case by case. Call Arms Securities at +91-8882245112 — we will confirm what actually exists and is transferable before quoting.
Who owns Aricent now?
Aricent was acquired by Altran Technologies of France in 2018 for approximately US$2 billion. Capgemini then acquired Altran in 2020, bringing Aricent’s operations into the Capgemini group, where the business now sits within Capgemini Engineering.
What did Aricent do?
Aricent provided engineering and R&D services — product engineering, communications and networking software (building on its Hughes Software Systems heritage), semiconductor and embedded engineering, and design and innovation consulting through frog design.
Should I buy Aricent unlisted shares or Capgemini India unlisted shares?
Capgemini Technology Services India Limited is substantially larger and more actively traded, with FY25 total income of ₹30,002.50 crore, PAT of ₹3,613 crore and a debt-free balance sheet. For most investors seeking Capgemini group exposure, it is the cleaner and more liquid route. See our Capgemini India page. Call +91-8882245112 to discuss which suits you.
What is frog design?
A globally renowned product design and innovation consultancy that was part of Aricent, known for design-led product development work across consumer technology and other industries. It gave Aricent a differentiation rare among engineering services firms.
What is the biggest risk with Aricent shares?
Post-acquisition corporate action risk. After two acquisitions — Altran in 2018 and Capgemini in 2020 — entity restructuring is plausible, and any merger, buyback or squeeze-out terms would be set by the controlling group rather than negotiated with minority shareholders. Additionally, verify that the shares genuinely exist and are transferable before paying.
+91-8882245112 | contact@armssecurities.com
Entity Summary, Analysis & FAQ
Ownership Chain + Quick Answers
Aricent ownership has changed twice — verify before you transact
| Step | What happened |
|---|---|
| 2018 | Altran Technologies (France) acquired Aricent for approximately US$2 billion |
| 2020 | Capgemini acquired Altran, bringing Aricent into the Capgemini group |
| Today | Aricent’s business operates as part of Capgemini Engineering |
Who owns Aricent now?
Aricent was acquired by Altran Technologies of France in 2018 for approximately US$2 billion. Capgemini then acquired Altran in 2020, bringing Aricent’s operations into the Capgemini group.
Should I buy Aricent or Capgemini India shares? Capgemini Technology Services India Limited is substantially larger and more actively traded — FY25 total income ₹30,002.50 crore, PAT ₹3,613 crore, debt-free. For most investors seeking Capgemini group exposure, it is the cleaner and more liquid route. See Capgemini India →
What Aricent Actually Built
Its heritage traces to Hughes Software Systems, giving it deep roots in telecommunications and networking software — a genuinely specialised capability.
| Business | Detail |
|---|---|
| Communications & Networking Software | Protocol stacks, network software, telecom product engineering for equipment makers and operators worldwide |
| Product Engineering Services | Outsourced R&D — designing, developing and testing hardware and software products |
| frog design | One of the world’s most celebrated product design and innovation consultancies — a design-led differentiation rare among engineering services firms |
| Semiconductor & Embedded | Chip design services and embedded software development |
Why engineering R&D services is an attractive sector
- Higher value than IT services — ER&D commands premium billing because it requires domain-specific engineering expertise
- Sticky, multi-year engagements — product development programmes run for years
- India is the global ER&D hub — the sector has grown faster than traditional IT services
- 5G, automotive electronics, IoT and semiconductors all drive demand
Before You Pay Anything
Call +91-8882245112 and ask us to:
- Confirm the exact legal entity and its CIN
- Verify the current corporate status after the Altran and Capgemini acquisitions
- Advise whether any merger, buyback or squeeze-out has occurred or is pending
- Tell you honestly whether Capgemini Technology Services India would serve your objective better
- Provide a current price and lot size if shares are genuinely available
After two acquisitions, entity restructuring is plausible. Confirm the shares exist and are transferable before committing funds.
FAQ
What is frog design?
A globally renowned product design and innovation consultancy that was part of Aricent, known for design-led product development across consumer technology and other industries.
Can I still buy Aricent shares?
Availability and pricing must be verified case by case given the two-step acquisition and likely restructuring. Call +91-8882245112 — we confirm what actually exists and is transferable before quoting.
What happens in a squeeze-out?
The controlling group sets the price; minority shareholders can accept or contest, but not negotiate. This is the central risk in holding shares of a globally-controlled subsidiary.
I hold Aricent share certificates. What should I do?
Call +91-8882245112. We verify what your holding now represents following the acquisitions, handle transmission if inherited, and tell you the realisable value.
Do Aricent employees hold ESOP shares?
If you hold ESOP shares in Aricent or a successor entity, see our ESOP sale guide and sell ESOP shares service. Call +91-8882245112.
Related Companies & Guides
- Capgemini Technology Services India — the larger, more liquid route to the same group
- ESDS Software Solutions — cloud and data centres, DRHP filed
- MKCL — eGovernance and eLearning, trading below book
- LAVA International
Guides:How to Sell ESOP Shares in India • Delisted Shares Guide • Sell ESOP Shares Service
How to Buy Aricent Technologies Unlisted Shares — Complete Process
Buying Aricent Technologies unlisted shares takes 24–48 hours from first call to shares landing in your demat account. Arms Securities has executed off-market transfers since 1990 — we are among the founder members of India’s unquoted stock market.
Step 1 — Get today’s live buy price
Call or WhatsApp +91-8882245112 or email contact@armssecurities.com with the company name (Aricent Technologies) and the quantity or investment amount you have in mind. We reply with today’s confirmed buy price, available quantity and minimum lot size.
Unlisted share prices are not exchange-quoted — they move with OTC supply and demand — so a live quote matters more than any published figure.
Step 2 — Confirm the deal terms
We lock in the price per share, total quantity and consideration, settlement timeline (typically T+1 to T+2) and applicable stamp duty (0.015% on off-market transfers). Nothing moves until you confirm in writing on WhatsApp or email.
Step 3 — Share your demat details
Send your Client Master Report (CMR) — a one-page PDF from your broker’s app or Depository Participant containing your DP ID, Client ID, beneficiary name, depository (NSDL or CDSL) and PAN.
You do not need a special account. Aricent Technologies shares are credited to your existing demat account — the same one you use for listed shares.
Step 4 — Transfer payment
Pay by NEFT, RTGS or IMPS to Arms Securities’ verified bank account. We share full details in writing with the deal confirmation. Never pay to an account shared verbally or by an unverified number — always confirm on +91-8882245112.
Step 5 — Receive shares in your demat account
We initiate the off-market transfer through NSDL or CDSL. Shares are credited within 24–48 hours of payment confirmation. You receive SMS and email from the depository, and the holding appears in your regular demat statement.
Documents required to buy Aricent Technologies shares
| Document | Format | Notes |
|---|---|---|
| PAN Card | Scan or photo | Mandatory for all securities transactions |
| Client Master Report (CMR) | PDF from your DP | Contains DP ID, Client ID, beneficiary details |
| Aadhaar / Address Proof | Scan or photo | For KYC |
| Cancelled Cheque | Scan or photo | Bank account verification |
| Payment Confirmation | UTR / screenshot | After NEFT/RTGS transfer |
Everything can be submitted digitally on WhatsApp or email. No physical paperwork, no courier, no branch visit.
Minimum investment in Aricent Technologies shares
Minimum investment depends on the prevailing price and the minimum lot available at that moment — both change. Call +91-8882245112 for today’s exact minimum. For allocations above ₹10 lakh, see our bulk unlisted share transactions service.
Is it legal and safe to buy Aricent Technologies unlisted shares?
Yes — trading in unlisted shares is completely legal in India.
| Safeguard | How it works |
|---|---|
| Official depository system | Every transfer runs through NSDL or CDSL — the same infrastructure that settles listed shares |
| Your own demat account | Shares are credited directly in your name. Nothing is held on your behalf by us |
| Audit trail | The depository generates an electronic record of every transfer |
| Stamp duty compliance | 0.015% collected by the depository under the Indian Stamp Act 2019 |
| PAN-linked | All holdings are reported against your PAN for tax purposes |
One caution: SEBI has warned investors against unauthorised electronic platforms offering unlisted securities. Deal only with established intermediaries who settle through the depository system and who you can speak to on a phone number.
Buy Aricent Technologies shares — call/WhatsApp +91-8882245112
Related: buy unlisted shares in India • off-market share transfer • our transfer procedure • how to buy unlisted shares — step-by-step guide
Sell Your Aricent Technologies Unlisted Shares — We Buy
Arms Securities buys Aricent Technologies unlisted shares. If you hold them and want to exit, we provide a firm bid, handle the entire transfer, and pay by NEFT/RTGS within 24 hours of receiving the shares.
We buy in every format
| You hold | How we handle it |
|---|---|
| Demat shares | Standard off-market transfer via DIS — fastest route |
| Physical share certificates | Authentication, valuation, transfer deed or dematerialisation |
| Inherited shares | Full transmission support — name transfer from the deceased holder |
| Bulk blocks | Large quantities executed discreetly with preferential pricing |
| NRI holdings | FEMA-compliant documentation and repatriation guidance |
Why sellers come to Arms Securities
Most brokers cannot help you. Your regular stockbroker can only trade listed shares on the exchange. Unlisted shares have no exchange — you need a dealer with an actual buyer network.
We have been that dealer since 1990. We are among the founder members of India’s unquoted stock market, we deal in physical certificates that most modern platforms refuse to touch, and we maintain a standing book of HNI and institutional buyers across 15+ states.
How to sell Aricent Technologies shares — step by step
Step 1 — Tell us what you hold. Call/WhatsApp +91-8882245112 with the company name, quantity, and whether your shares are in demat or physical form.
Step 2 — Receive our bid. We quote a firm buy price based on current OTC demand. No obligation.
Step 3 — Submit documents.
For demat holdings: Demat account statement / Client Master Report • PAN card copy • Cancelled cheque • Delivery Instruction Slip (DIS)
For physical certificates: Original share certificates • PAN card copy • Address proof • Cancelled cheque • Transfer deed (Form SH-4) • If inherited: death certificate, succession certificate or legal heir documents
Step 4 — Transfer the shares. Demat: Submit a DIS to your DP transferring shares to Arms Securities — A/C 11323830, DP ID IN302365, DP: Shri Parasram Holdings Pvt. Ltd. You can also execute online via CDSL Easiest or NSDL Speed-e. Physical: Courier the certificates with signed transfer deed. We guide you through the exact process.
Step 5 — Receive payment. On confirmation of share receipt, we release payment by NEFT or RTGS — typically within 24 hours.
Selling inherited or old Aricent Technologies share certificates
This is our specialism, and very few dealers in India offer it.
If you have found old Aricent Technologies share certificates among family papers — perhaps belonging to a parent or grandparent — you likely have a valid, transferable asset.
- Do not discard them. Old certificates frequently retain real value.
- Photograph them and send to +91-8882245112. We verify authenticity and current status at no cost.
- We check the company’s position — active, merged, renamed, delisted or dissolved — and tell you honestly what your holding represents today.
- If the shares have value, we quote and buy. If not, we explain the position and the capital-loss tax set-off available to you.
Full physical share certificate guide →
Tax when you sell Aricent Technologies unlisted shares
| Holding Period | Classification | Tax Rate |
|---|---|---|
| More than 24 months | Long-Term Capital Gain (LTCG) | 20% with indexation benefit |
| 24 months or less | Short-Term Capital Gain (STCG) | Your applicable income slab rate |
- No STT (Securities Transaction Tax) applies to unlisted share transactions
- Stamp duty of 0.015% applies on off-market transfers, collected by the depository
- For inherited shares, the holding period includes the original owner’s period — often making gains long-term automatically
- For NRIs, TDS provisions apply; we guide on documentation
If the shares later list, post-listing tax treatment changes to listed-share rules (12-month LTCG threshold), with the holding period counted from your original purchase date.
Complete tax guide on unlisted shares • Capital gains tax on unlisted shares
Consult a Chartered Accountant for your specific situation.
Sell your Aricent Technologies shares — call/WhatsApp +91-8882245112 for a firm bid
Related: sell unlisted shares in India • physical & demat share assistance
Trust & Contact Block
Why Buy and Sell Aricent Technologies Shares Through Arms Securities?
| Arms Securities | Typical online platform | |
|---|---|---|
| Years in business | 35+ years (since 1990) | 3–8 years |
| Market standing | Founder member of India’s unquoted stock market | Recent entrant |
| Physical certificates | ✅ Full handling — authentication, transmission, demat | ❌ Usually refused |
| Delisted / suspended shares | ✅ Specialism | ❌ Not offered |
| Inheritance / transmission | ✅ Complete support | ❌ Not offered |
| We buy as well as sell | ✅ Two-way market | ⚠️ Often buy-side only |
| Direct phone access | ✅ Speak to a dealer | ⚠️ Ticket systems |
| HNI clients served | 2,300+ | — |
| Geographic reach | 15+ states | — |
Our pre-IPO track record
Arms Securities identified and supplied pre-IPO shares in companies that became genuine multibaggers for our clients:
DLF • D-Mart (Avenue Supermarts) • Nazara Technologies • LUX Industries • ISGEC Heavy Engineering • L&T Infotech (now LTIMindtree)
The full 35-year Arms Securities story • Arms Securities vs UnlistedZone • ⭐ Client success stories
Contact: +91-8882245112 (Call/WhatsApp) • +91-9899131155 • +91-11-47000023 contact@armssecurities.com • www.armssecurities.com Mon–Fri 9:30–18:00 • Sat 10:00–14:00
Related guides: What are unlisted shares in India • Best unlisted shares to buy in 2026 • Full unlisted share price list • Unlisted shares FAQ • Contact Arms Securities
Profit & Loss Summary
(All Amount in ₹ Crores)
| PROFIT & LOSS | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 2,857.7 | 2,610.0 | 2,546.9 | 2,337.3 | 2,245.2 |
| Expense | 2,286.7 | 2,143.8 | 2,039.2 | 1,919.1 | 1,795.2 |
| EBITDA | 571.0 | 466.2 | 507.7 | 418.2 | 450.0 |
| Other Cost | 160.7 | 179.3 | 159.0 | 71.2 | 123.3 |
| Profit Before Taxes | 410.3 | 286.9 | 348.7 | 347.0 | 326.7 |
| Tax Expense | 147.8 | 90.9 | -354.0 | 142.4 | 122.4 |
| Profit after Taxes | 262.5 | 196.0 | 702.7 | 204.6 | 204.3 |
| Other Income | Exp. | 0.0 | 60.5 | -64.9 | 2.4 | 0.9 |
| Income (Net Of Taxes) | 262.5 | 256.5 | 637.8 | 207.0 | 205.2 |
| Outstanding Share | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 |
| Earning per Share (Rs | Share) | 20.0 | 15.0 | 54.0 | 16.0 | 16.0 |
| Revenue Growth % | 9.5% | 2.5% | 9% | 4.1% | - |
| EBITDA Margin % | 20% | 17.9% | 19.9% | 17.9% | 20% |
| Net Margin % | 9.2% | 9.8% | 25% | 8.9% | 9.1% |
| Earning per Share Growth % | 33.3% | -72.2% | 237.5% | 0% | - |
Balance Sheet
(All Amount in ₹ Crores)
| Balance Sheet | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Cash & Cash Equivalent | 246.3 | 139.0 | 178.7 | 111.3 | 48.2 |
| Non Current Asset | 1,364.0 | 1,438.9 | 1,761.6 | 1,286.8 | 1,296.4 |
| Current Asset | 2,031.3 | 1,934.4 | 1,473.6 | 1,141.0 | 1,077.5 |
| Total Asset | 3,641.6 | 3,512.3 | 3,413.9 | 2,539.1 | 2,422.1 |
| Equity Share Capital | 131.2 | 131.2 | 131.2 | 131.2 | 131.2 |
| Reserves | 2,737.5 | 2,478.7 | 2,363.5 | 1,720.9 | 1,513.9 |
| Total Equity | 2,868.7 | 2,609.9 | 2,494.7 | 1,852.1 | 1,645.1 |
| Non Current Liability | 324.4 | 390.5 | 446.9 | 414.1 | 373.2 |
| Current Liability | 448.5 | 511.9 | 472.3 | 272.9 | 403.8 |
| Total Liabilities | 772.9 | 902.4 | 919.2 | 687.0 | 777.0 |
| Total Equity & Liability | 3,641.6 | 3,512.3 | 3,413.9 | 2,539.1 | 2,422.1 |
Net Sales (in cr.)
Total Income (in cr.)
Operating Profit (in cr.)
Net Profit (in cr.)
Shareholder Funds (in cr.)
Total Assets (in cr.)
Frequently Ask Question
Have Your Any Question?
Open a Demat account through Arms Securities. We provide transparent deals, verified seller listings, and fully compliant transactions.
Fill a Delivery Instruction Slip (DIS) with buyer and share details and execute an escrow-secured off-market transfer via Arms Securities.
Pre-IPO shares generally have a 6-month lock-in after listing; no lock-in applies to secondary OTC trades unless noted.
Buy securely from Arms Securities — India’s premier unlisted share broker.
A DIS authorizes transfer from your Demat account to the buyer’s Demat with broker facilitation.
Absolutely, provided the broker complies with SEBI and statutory trading norms.
Gains on shares held less than 12 months are taxed at 15%, while long-term gains beyond 12 months are taxed at 10%.
SEBI regulates brokers/intermediaries not direct OTC share transfer but prescribes guidelines for compliance.
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