AIRAN LIMITED

Airan Limited was originally incorporated as 'Airan Consultants Private Limited' in Ahmedabad on April 19, 1995. Later, name was changed to 'Airan Private Limited' on January 4, 2017 with Certificate of Incorporation, which was issued by the Registrar of Companies. Consequent upon its conversion into Public Limited to 'Airan Limited', a fresh Certificate of Incorporation dated January 18, 2017 was issued by the Registrar of Companies. The Company is a leading provider of consulting, technology, outsourcing and next generation digital services & software, enabling clients to execute strategies for their digital transformation. Against the backdrop of the thriving Indian IT-BPO industry, Airan Limited has emerged as a key player, driving innovation and delivering exceptional value to its clients. As a global outsourcing hub, Company has strategically positioned itself to capitalize on the immense growth opportunities presented by the sector. The company's commitment to excellence is reflected in its comprehensive suite of IT and IT-enabled services, including Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), Application Outsourcing, and E-KYC solutions. The Company engaged in the business activities of computer coaching which were started way back in 1990's. Late Shri Viswanath Bhimsen Agrawal and also the Promoter, Mr.Sandeep Agrawal started computer coaching classes under a Proprietorship Firm namely 'Arrow Computer Systems' (ACS) in late 1990's. The company started the first generation business entity with one Wipro Brand PC-XT machine having Seagate ST225 20 MB Hard Disk, a 5-1/4 inch Floppy Drive for 360 KB capacity Double sided, Double Density Floppy disk, Monochrome Monitor and Tactile Keyboard to provide the coaching of various courses like DOS, Basic, dbase, Lotus-123, and WordStar etc. Subsequently, in second year 1991-1992, the business turned its track to a different direction from coaching to Data processing and also in the year 1995-2000, the company has started full fledge IPO Applications processing, manual clearing through computerized listing with 100% reconciliation, dividend warrants listing and reconciliation, refund orders listing and reconciliation for many Public Sector Bank. During the year 2001, the company got the robust growth as the private sector banks started opening up and Multinational Banks spread there wings and opened up branches across India and also the company entered into agreement with various banks like HDFC Bank Ltd, UTI Bank Ltd, Citibank N.A., and that was again a new turning point which put the company on to the fast track. The company also initiated Utility Bills Payment Processing for various utility companies and End to End (E2E) solutions for IPO Financing scheme of Centurion Bank of Punjab, both the venture, both the venture diversification were proved grand success to the company in the year 2003. During the year 2004-2014, the company was appointed as sole coordinator for locations in Gujarat & Rajasthan state for Cash Management Services (CMS) operations of various banks including Standard Chartered Bank, Deutsche Bank, ICICI Bank Ltd, IDBI Bank Ltd etc and also providing services related to clearing operations for Citibank NA across their 9 locations in Western India. The Magnetic Ink Character Recognition (MICR) Clearing operations were started for Citibank NA, across western India which later converted into Image based Cheque Truncation System (CTS) after the Reserve Bank of Indias Directions and after functioning of National Payment Corporation of India (NPCI). The Cheque Truncation System (CTS) Platform of clearing opened new horizons wherein the entire volume of an NPCIs grid can be processed at one location, wherein the volumes increased and the virtual territorial expansion took place and hence new clients were added in to Kitty. After establishing the strong foothold in the field of IT and IT enabled services related to banking transaction, cash management services and document management services, the Company in 2014, started providing services which are engaged in the field of Telecom and Internet Service Provider (ISP) which was new vertical for Company, but certainly a volume generating activity, wherein the (End to End) E2E process, right from Know Your Customer (KYC) spot audit / pickup of forms from the distributors point, thorough Know Your Client (KYC) audit at nearest spoke office, data entry of application form in to the online portal, opening an account, verifying the voter ID / Aadhaar number from their web portal, and activating the SIM of the customer in a limited Turn Around Time (TAT), outward from spoke, transporting forms to the centralised HUB, inward at HUB, Bar Coding, Gumming Photograph, Destapling, Scanning, Re-stapling, Image Splitting, File Naming, Batch preparing up to final warehousing. Further, Know Your Customer (KYC) is the biggest focus point among all the utility services providers including payment banks like PayTM & Airtel Money. Airan is entering in a big way in to manual KYC and e-KYC activities for its various clients. These field operations also include AVCV (Address Verification / Credit Verification) of the client through online mobile application. AIRAN has its owned state-of-the-art warehousing facilities for storage of Composite Application Forms (CAFs?) with KYC documents and warehousing of CAFs & KYC Documents for PayTM and GTPL for their Pan India. In addition, image based Account Opening Process for Kotak Mahindra Bank Ltd. is also executed by our company for their all India Operations on FIFO basis. This said operations are carried out on the Banks online system from a highly secured facility. To sum up, the Company is in the business of Information Technology (IT) and Information Technology (IT) enabled services including Banking transaction processing services and Document management services for telecommunication companies, internet services provider, payment banks etc. The Company came up with a Public Issue in March, 2017 by raising equity capital aggregating Rs 14.86 Crores through issuance of 33,00,000 Equity Shares. In 2023-24, Company established operations in Dubai and exploring opportunities in the Gulf region. It increased operations in the Asia Pacific region, adding services in Thailand and Malaysia. Expanded field operations to new locations for banking, customer onboarding, and KYC activities across India. Upgraded transaction processing software outputs to improve efficiency and accuracy, integrated services within the supply chain in Australia, strengthening its presence in the KPO market. In FY 2024-25, Company expanded its geography with a new office in Malaysia, strengthening into Asia-Pacific region and helping to serve clients. Operational capacity was enhanced through increased staff strength and deeper domain expertise across functions. The service portfolio expanded in managed payroll and manpower solutions, meeting the rising demand from enterprises seeking compliant, efficient, and fully managed workforce solutions. On the technology front, it advanced the IT solution services delivering AI-enabled software platforms, automation engines, and process intelligence tools for banking and KPO clients. The BPO segment has expanded particularly in voice-based processes, by establishing the non-voice operations and offering clients a complete model of business.