Digital documentation and e-signature platform Leegality reported a strong 2.4X growth over the past two fiscal years, with revenue increasing from Rs 33.5 crore in FY23 to Rs 81.1 crore in the fiscal year ending March 2025. The Gurugram-based firm also turned profitable during this period. Leegality’s revenue from operations grew 30.3% year-on-year to Rs 81.08 crore in FY25 from Rs 62.22 crore in FY24, according to its financial statements reviewed by platform. Including Rs 5.52 crore from other income, its total revenue stood at Rs 86.6 crore in FY25.
Employee benefit expenses remained the largest cost component, rising 22.1% to Rs 44.38 crore. E-sign charges recorded the sharpest increase, up 50.7% to Rs 14.30 crore, followed by technology expenses, which grew to Rs 7.87 crore. Its advertising expenses rose to Rs 3.52 crore, while other overheads stood at Rs 11.30 crore during the fiscal year. Overall, total expenses for Leegality increased by 25.3% to Rs 81.37 crore in FY25 from Rs 64.96 crore in FY24.
The revenue growth, combined with relatively moderate cost expansion, helped improve the company’s bottom line. Leegality reported a profit of Rs 3.7 crore in FY25, up from Rs 1.12 crore in FY24. However, its ROCE and EBITDA margins remained negative at -3.07% and -1.27%, respectively. On a unit basis, the company spent Re 1 to earn a rupee in FY25, compared to Rs 1.04 in FY24. It reported cash and bank balances of Rs 77.37 crore, with total current assets standing at Rs 82.19 crore. According to media reports, Leegality has raised a total of $6.63 million across funding rounds, including a $5 million Series A led by IIFL Fintech Fund, with participation from Mumbai Angels.
About Leegality
Leegality has been founded in 2016 by Shivam Singla, Sapan Parekh, and Prakhar Agrawal. The platform was created to streamline and digitize the legal document creation, execution, and management process for Indian businesses. The company offers digital document logistics and e-sign APIs (including BharatSign, NeSL, and BharatStamp), along with verification, automated workflows, and tracking. Its eSign and eStamping solutions contributed over 99% of operating revenue, with around Rs 50 lakh coming from other operating streams.