Mumbai, June 26 -- The agency has reaffirmed the company's short-term rating at '[ICRA] A1+'.

ICRA said that the upgrade of the long-term rating factors in the healthy improvement in Updater Services Limited's (UDS) credit profile with a healthy revenue growth of 11.9% in FY2025 on the back of a strong uptick in the business support services (BSS) segment and a healthy demand for integrated facility management (IFM) services.

Moreover, the share of revenues from the margin-accretive BSS segment improved to 34% in FY2025 from 28% in FY2023, supported by healthy scale-up of the recently acquired subsidiaries, which are involved in sales enablement and business process outsourcing (BPO) services. Increased scale, active low-margin contract...