Course5 Intelligence Limited
Course5 Intelligence Limited
INE0BLM01028
Incorporation Date:
Listing Status: DRHP Filed
About Course5 Intelligence Limited
Overview of Course5 Intelligence Limited
Course5 Intelligence Limited (C5i)
🏢 Company Overview
- Industry & Scope: Rebranded commercially as C5i, Course5 Intelligence Limited is a pure-play enterprise Artificial Intelligence (AI), data analytics, and digital insights company.
Incorporated in 2000, C5i enables Fortune Global 500 and Forbes Global 2000 enterprises to drive digital transformation through automated analytics, AI workflows, and market intelligence. - Global Delivery & Footprint: Headquartered in Mumbai, Maharashtra, C5i operates primary delivery centers across India (Mumbai, Bengaluru, Gurugram) along with international offices in the US, UK, and Europe, serving clients across North America, Europe, and Asia-Pacific.
⚙️ Business Model & Operational Verticals
| Vertical | Operational Scope & Offering Portfolio |
| Enterprise AI & Analytics Services | Core revenue driver providing customer analytics, supply chain optimization, media/brand measurement, and dynamic customer segmentation. |
| Proprietary AI Platforms | Houses agentic AI software solutions including Agent5i, Course5 Compete (competitive intelligence), Course5 Discovery (conversational analytics), and Optimizer Suite. |
| Industry Verticals | Serves specialized domains across Technology, Media & Telecom (TMT), Life Sciences & Pharma, Consumer Packaged Goods (CPG), and Retail. |
👥 Management & Board Structure
- Ashwin Ramesh Mittal: Founder, Chairman, Managing Director & CEO
- Krishnan Venkata: President & Chief Operating Officer (COO)
- Ankur Maheshwari: Group Chief Financial Officer (CFO)
- Promoters & Backers: Promoted by Ashwin Mittal, Riddhymic Technologies, and the AM Family Private Trust, with marquee institutional backing from 360 ONE Asset, Nuvama Wealth, and Carnelian Asset Advisors.
🚀 Recent Developments & Strategic Initiatives
- Mainboard IPO Refiling (DRHP): Refiled its Draft Red Herring Prospectus (DRHP) with SEBI for an estimated ₹600 crore – ₹1,000 crore mainboard IPO via fresh equity issuance and an Offer For Sale (OFS) to fund inorganic expansion, IP development, and working capital.
- Cross-Border M&A (Datavid Acquisition): Completed the all-cash acquisition of UK-based data and AI specialist Datavid, strengthening its capabilities in graph data engineering and knowledge graphs.
- Agentic AI Focus (Agent5i Platform): Scaled its proprietary Agent5i platform, shifting focus toward autonomous agentic AI systems that perform complex enterprise actions such as mapping supply networks and automated logistics management.
Insights of Course5 Intelligence Limited
Course5 Intelligence Limited (C5i)
1. Financial Highlights – FY25 vs FY26
All monetary values are in ₹ Crore.
| Metric | FY25 | FY26 | YoY Growth |
|---|---|---|---|
| Net Revenue | 545.36 | 596.15 | +9.31% |
| Operating Profit (EBITDA) | 151.63 | 171.02 | +12.79% |
| Other Income | 77.74 | 99.49 | +27.36% |
| Finance Costs | 59.99 | 67.12 | +11.89% |
| Profit After Tax | 48.52 | 46.32 | -4.53% |
Financial Key Insights
- Revenue grew 9.3% in FY26, while EBITDA increased faster at 12.8%, indicating improvement in operating performance.
- PAT declined 4.5% despite operating growth, mainly reflecting higher finance costs and other below-operating-line expenses.
- The key focus going forward is whether C5i can convert its AI and analytics growth into stronger bottom-line growth.
2. Key Company Developments
Datavid acquisition: C5i agreed to acquire 100% of Datavid Limited, UK, and its subsidiaries in India and Romania. Datavid specialises in data engineering, data science, knowledge graphs and applied AI. The acquisition strengthens C5i's capabilities in Generative AI and Agentic AI, particularly through knowledge-graph and enterprise-data capabilities.
Launch of Agent5i: C5i launched Agent5i, an enterprise AI platform designed to help businesses deploy autonomous AI agents with governance and security controls. The platform represents a move from conventional analytics toward AI-enabled business workflows.
Expansion of AI capabilities: C5i continues to position itself around AI, data and analytics, with its offering expanding across generative AI, predictive analytics, knowledge graphs and intelligent automation.
IIM Mumbai collaboration: C5i has partnered with IIM Mumbai to establish the Ashwin Mittal Centre of Excellence in Advanced AI Solutions for Business Decisions, focusing on generative AI, NLP, predictive analytics, knowledge graphs and real-time business forecasting.
Leadership strengthening: The company has also strengthened its senior management team as it moves toward its next phase of global growth and AI-led expansion.
3. Industry Insights & Trends
Enterprise AI adoption is moving toward implementation: Companies are increasingly moving beyond AI experiments and pilot projects toward integrating AI into actual business processes. This creates opportunities for companies combining data, analytics and AI capabilities.
Generative AI and Agentic AI are expanding the addressable market: AI is increasingly being used not only to analyse information but also to automate decisions and workflows. C5i's Agent5i platform and Datavid acquisition are aligned with this shift.
Enterprise data quality is becoming increasingly important: Generative AI systems require reliable, structured and contextual enterprise data. Knowledge graphs and data engineering therefore become important components of enterprise AI deployment.
Customer analytics remains a major opportunity: C5i operates across customer analytics, marketing analytics and AI for sectors including technology, CPG, retail, healthcare and BFSI, giving it exposure to multiple enterprise technology spending areas.
4. Latest Funding & Valuation / IPO
This section is relevant for C5i because of its renewed public-market plans.
Confidential DRHP filing: C5i filed its IPO documents with SEBI through the confidential route in July 2026, indicating a renewed effort to access the public markets.
Potential IPO size: Earlier reports indicated that the company was considering an IPO to raise approximately ₹1,000–1,200 Cr. However, the final issue size, price band and valuation were not publicly established at that stage.
Earlier IPO attempt: C5i had previously explored an IPO, but those plans were put on hold. The renewed filing comes at a time when investor interest in enterprise AI and analytics businesses has increased.
Institutional backing: C5i has received backing from 360 ONE, which participated in its earlier funding.
5. Peer Comparison
| Metric (FY26) | Course5 Intelligence (C5i) | LatentView Analytics |
|---|---|---|
| Revenue / Sales (₹ Cr.) | 596.15 | 1,060.00 |
| Revenue Growth | 9.31% | 25.02% |
| EBITDA / Operating Profit (₹ Cr.) | 171.02 | 236.26 |
| Operating Margin | 28.69%* | 22.30% |
| PAT (₹ Cr.) | 46.32 | 202.12 |
| PAT Margin | 7.77%* | 19.07% |
| Business Focus | AI, Analytics & Insights | Data Analytics & AI |
| Listed / Unlisted | Unlisted | Listed |
Financial Charts of Course5 Intelligence Limited
Balance Sheet of Course5 Intelligence Limited
Profit and Loss of Course5 Intelligence Limited
Ancillary of Course5 Intelligence Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Course5 Intelligence Limited
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How to buy Course5 Intelligence Limited?
Below are three ways through which you can purchase Course5 Intelligence Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Course5 Intelligence Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Course5 Intelligence Limited?
Below are three ways through which you can sell Course5 Intelligence Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Course5 Intelligence Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Course5 Intelligence Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Course5 Intelligence Limited is ₹N/A and your sell price for Course5 Intelligence Limited is ₹N/A. The price is based on our estimates and market conditions.
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What is the lock-in period of Course5 Intelligence Limited?
The lock-in period for Course5 Intelligence Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Course5 Intelligence Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Course5 Intelligence Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Course5 Intelligence Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Course5 Intelligence Limited. The price is also determined from the most recent funding round for Course5 Intelligence Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Course5 Intelligence Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Course5 Intelligence Limited with us kindly click here.
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What are the financials of Course5 Intelligence Limited?
The financials of Course5 Intelligence Limited which includes the P/L of Course5 Intelligence Limited and the Balance Sheet of Course5 Intelligence Limited is in the financials section (Click on link).
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Where can I find the annual report of Course5 Intelligence Limited?
The annual report of Course5 Intelligence Limited is available in the annual report section (Click on link).
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Is buying Course5 Intelligence Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Course5 Intelligence Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Course5 Intelligence Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Course5 Intelligence Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Course5 Intelligence Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Course5 Intelligence Limited from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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