Swiss Engineering Excellence Adapted for India.
International Quality and Safety Certifications.
Integrated, Customized, and Scalable Execution Capabilities.
Established Execution Track Record and Diversified Client Base.
Domain Expertise in Automated and Smart Parking Solutions.
Comprehensive Post-Sale Service and Long-Term Support.
The company leverages technology and source critical patented parking robot from Sotefin SA, Switzerland and
has limited proprietary intellectual property. Any disruption in this supply arrangement could
materially adversely affect its business, financial condition, results of operations, and prospects.
The company's revenue from operations is highly concentrated, with its top ten customers contributing
91.77%, 84.85% and 87.30% for the financial years ended March 31, 2026, March 31, 2025, and
March 31, 2024, respectively. Accordingly, the company's business is significantly dependent on a limited
number of key customers, and any loss of, or reduction in orders from, such customers may
adversely affect its business, results of operations and financial condition.
The company's revenue is generated from projects undertaken with Government agencies. Such project /
contracts is awarded on the basis of certain pre-qualification criteria and competitive selection
process and are usually in a standard form, restricting its ability to negotiate the terms and
conditions. Any change in the Government policies or focus and/or the company is unable to recover
payments in a timely manner, would adversely affect its business and result of operations.
The company depends on third-party suppliers for raw materials and components, and any disruption in supply,
price volatility, or quality issues could adversely affect its operations. Additionally, any latent
defects in the company's products may increase its after-sales costs or result in losses due to product
replacements or recalls.
The company faces risks related to project execution delays, and its contracts generally incorporate liquidated
damages and penalty clauses which could result in significant liabilities if the company fails to meet
contractual timelines.
The successful installation and operation of the company's parking systems depends on clients fulfilling specific
preparatory works and infrastructure requirements, and any delays or inadequacies in client-side
responsibilities could adversely affect its project execution and revenue recognition.
The company operates in a highly competitive and fragmented industry with low barriers to entry, and intense
competition could result in pricing pressures, loss of market share, and reduced profitability.
The Company experienced negative cash flows from operating activities during and the financial
year ended March 31, 2026. Sustained negative cash flow could adversely impact its business,
financial condition and results of operations.
The company's execution track record and scale is limited compared to global players, which could affect its
ability to compete for large, complex projects and expand internationally.
The company has obtained ISO 9001:2015 certification; however, failures to maintain such certification may
adversely affect its business.
