IRIS Business Services Limited, based in Mumbai, is a prominent global provider of software products focusing on compliance, data, and analytics solutions. Established in 2000, the company has evolved from a service-oriented model to a product-centric approach, driving its revenue streams. As a pioneer in regulatory technology (regtech), IRIS specializes in creating solutions that improve data transparency and consistency, using standards like XBRL and SDMX. It stands out as the only listed SaaS player in India’s regtech sector, offering IP-driven products that cater to enterprises and regulators worldwide.
In 2022, its flagship product, IRIS CARBON, entered the US market, supporting utility companies with FERC filing mandates. Notably, Gap Inc. utilized IRIS CARBON for its 2021 sustainability report, marking a significant adoption of digital reporting standards. The company's innovative efforts continue with the 2023 launch of IRIS CARBON's O365-based Disclosure Management, reinforcing its expertise in regulatory compliance solutions.
