ORIENT TECHNOLOGIES LTD Share price

Orient Technologies Ltd formerly incorporated as a Private Limited Company in the name of Orient Technologies Private Limited' at Mumbai on July 04, 1997 was converted into Public Limited Company and the name of the Company was changed to Orient Technologies Limited', pursuant to a fresh certificate of incorporation issued by the RoC on October 12, 2023. Orient Technologies are a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in 1997. Over the years, they built deep expertise to develop products and solutions for specialised disciplines across business verticals inter alia IT Infrastructure; IT Enabled Services (ITeS); and Cloud and Data Management Services. Their collaboration with technology partners heightens ability to design and innovate products and provide solutions tailored to specific customer requirements. The Company started the business in 1997 and has since then built the reputation in India on the basis of the quality of products and services. Their business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners including Dell, Fortinet and Nutanix.' Over the years, cloud services have gained traction due to their ability to transform enterprises in adapting modern technologies. The products and services offering in IT Infrastructure comprises Data Centre Solutions and End-User Computing. The ITeS include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals. Cloud and Data Management Services include migration of workload from data centres to cloud. Products and services in this vertical comprise data analytics, business analytics, RPA, IOT, DevOps, and containerisation and microservices (i.e., use of containers, to package applications, libraries, and configurations and run them as a self-contained and isolated environment agnostic of the software installed on the host system, to build deploy and manage applications). The Company launched the IPO by issuing 10,425,242 equity shares of Rs 10, by raising Rs 214.76 crores, comprising a fresh issue of 5,825,242 equity shares aggregating to Rs 120 crores and the offer for sale of 4,600,000 equity shares aggregating to Rs 94.76 crores in August, 2024. The Company has ventured into Device as a service (DaaS)' in FY 2024. It started Security Solution - CrowdStrike and further started HPE - Greenlake, which is a consumption-based solution. As part of strategic diversification in FY 2025, Company has introduced TOSS - Technology Outsourcing Solutions as a Service to scale efficiently, optimise IT costs and stay responsive to changing business needs. The Company secured a Rs. 3.9 crore cybersecurity contract from a leading Indian energy-sector organization operating critical infrastructure. The Company was appointed as the strategic technology partner by the Government of Maharashtra for a large-scale software development initiative. The Company expanded its footprint in Infrastructure Managed Services (IMS) and Facility Management Services (FMS) through a series of strategic wins. The Company entered into multi-year contracts with leading organizations in sectors such as consulting, real estate and enterprise technology. The Company executed a Rs. 12.3 crore infrastructure project involving the deployment of enterprise-grade storage and server solutions for two marquee clients in the financial services and cloud computing sectors.