Business Segments

A) Services Division

IT Systems Integration – Focuses on improving enterprise infrastructure by enhancing system connectivity and performance.
BPO Services – Handles non-core business operations to improve efficiency and reduce costs for clients.
ERP & Application Development – Provides customized ERP solutions and software tailored to specific business requirements.

B) Product Division

XtraTrust – A secure platform offering PKI-based digital certificates for authentication and electronic signatures.
Synergy – A low-code platform designed to enable faster and cost-effective digital transformation for organizations.

Revenue Breakdown (FY24)
IT Services: 52%
BPO Services: 34%
ERP & Application Development: 5%
XtraTrust: 5%
Synergy: 4%

Financial Highlights
Revenue Expansion – Revenue grew significantly from ₹86 crore in FY22 to ₹226 crore in FY24, reflecting strong business momentum.
Improved Profitability – Profit after tax increased from ₹1 crore in FY22 to ₹11.84 crore in FY24.
Margin Recovery – Gross margins improved to 24.78% in FY24 compared to 12.96% in FY23.
Operational Efficiency – EBITDA reached ₹17.91 crore with an operating margin of 7.92% in FY24.
Leverage Position – Borrowings rose to ₹37 crore in FY24, indicating increased reliance on debt for expansion.
Better Cash Flow Management – Trade receivables reduced to ₹95 crore from ₹160 crore in FY23.
Earnings Growth – EPS increased to ₹17.18 in FY24 from ₹7.98 in FY23, enhancing shareholder value.

Pros
Wide Service Portfolio – Strong presence across IT services, BPO, ERP, and digital platforms.
International Operations – Global offices strengthen its market reach and client base.
Consistent Financial Growth – Rising revenue, profitability, and earnings per share.

Cons
High Payables – Trade payables of ₹109 crore in FY24 suggest dependence on extended credit terms.
Increasing Debt Levels – Borrowings have risen from ₹17 crore to ₹37 crore.
Rising Costs – Other expenses increased sharply to ₹40.27 crore, putting pressure on margins.