Proven track record in executing projects for Government and PSU clients.
Consistent track record of financial performance.
Ability to service IT Infrastructure and IT managed services to clients engaged in diverse sectors.
Experienced Board of Directors and management with extensive domain knowledge.
Most of the company's business operations are concentrated in the states of Gujarat, Maharashtra and Tamil Nadu. As of March
31, 2026 more than 86% of the revenue was recognized from projects executed in the states of Gujarat, Maharashtra
and Tamil Nadu. Due to this geographic concentration of the company's business operations, its results of operations and growth
might be restricted to the economic and demographic conditions of these three states.
The company depends on orders from the Government/PSU clients. As of March 31, 2026, more than 83.84% of the revenue was
recognized from Government/PSU clients and wherein end users are Government / PSU clients. Additionally, the loss
of or inability to qualify for such orders may adversely affect the company's business, financial condition, results of operations,
and prospects.
The company in-house procurement operations for renewable energy space projects expose it to certain risks. The company may incur
unexpected expenses if the suppliers of components in its power projects default on their warranty obligations.
The company is dependent on its Technology Partners for various hardware and software products which the company provide to its
clients. As of March 31, 2026, 65.84% of the company's purchase from Technology Partners are from top three Technology
Partners. The failures of its Technology Partners to deliver these products in the necessary quantities, on time or to
meet specified quality standards or technical specifications, could adversely affect the company's business and its ability to deliver
orders on time.
Most projects the company operates have been awarded primarily through a competitive bidding process and its financial
performance is largely dependent on the company's successful bidding for new projects. Its may not always be able to qualify for,
compete and win projects. If the company is not able to successfully bid for new projects, it may adversely affect the company's business
operations and financial conditions. The success rate of the bids made by the company in Fiscals 2026, 2025, and 2024, were
19.48%, 24.57%, and 30.91%.
The company has experienced negative cash flow from operating activities of Rs.(1,798.14) lakhs in Fiscal 2025 and any negative
cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company's ability to
operates its business and implement the company's growth plans, thereby affecting its financial condition.
The company's business requires working capital. Any failures in arranging adequate working capital for its operations
may adversely affect the company's business, results of operations, cash flows and financial condition.
The company derives a significant portion of its revenues from a limited number of clients. As of March 31, 2026, 76.66% of the
revenue was recognized from the company's top five clients for the said period. The loss of any significant clients or delay,
cancellation, termination and recission of any specific projects from any of such clients may have an adverse effect on
the company's business, financial condition, results of operations, and prospects.
Certain portion of the Company's revenue is now derived from, and is dependent upon, the renewable energy sector,
particularly Renewable Energy EPC and Renewable Energy PPAs, which is a new line of business for the company, in which the
expertise of its Promoters and senior management is minimal, and which is characterized by significant regulatory,
financial, technological and execution complexities.
The company is required to furnish PBGs as part of its business contracts and the company competitively bid for Government/PSU
projects where such bank guarantees may be required. The company's inability to arrange such guarantees, the invocation of such
guarantees, or its inability to win and service sufficient competitive bids, may adversely affect the company's business, cash flows,
financial condition, results of operations and the deployment of the Net Proceeds against the object of ' Funds for the
purpose of securing PBGs for expansion of business'.
