Globtier Infotech Ltd IPO

If its unable to attract and retain qualified, experienced and other employees, it may negatively impact the company business conditions including operations, and financial condition. Additionally, employee benefit expenses make up a significant portion of its overall costs, and any substantial increase in these expenses could adversely affect our business including financial performance and profitability.

Its revenue from operations is primarily driven by System Integrators (SIs). Any challenges in maintaining relationships with these SIs or unfavorable market developments affecting SI driven IT services could have a adverse impact on its business, operational performance, cash flows, and overall financial health.

The company's depend on certain key customers for its revenues. A decrease in the revenues we derive from them could materially and adversely affect the company business, results of operations, cash flows and financial condition.

The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect the company ability to operate its business and implement the company growth plans, thereby affecting its financial condition.

Its subject to several labour legislations and regulations governing welfare, benefits and training of the company employees. Any increase in such costs could adversely affect its business, results of operations, cash flows and financial condition.

There are instances of non-payment/ delayed payment or defaults in the payment of statutory dues by the Company.

The Company does not have sanction letters of certain secured and unsecured loans availed by the Company.

Failure to offer customer support in a timely and effective manner may adversely affect the company relationship with its customers.

The Company has not entered into any long-term contracts with the company customers and its may not have any firm arrangements which govern the provision of services of the Company. In the event its customers choose not to source their requirements by engaging it, its business, profitability and results of operations may be adversely affected.

Its failures to perform in accordance with the standards prescribed in Master Service Agreements, Statement of Work and other Agreements of the company customers could result in loss of business or compensation.