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's leverage technology and source critical patented parking robot from Sotefin SA, Switzerland and have 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 business is subject to fluctuations in demand from key customers, the company's top ten customers accounted for 98.59%, 84.85%, 87.30%, and 86.34% of its revenue from operations in the financial years/period ended June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023 respectively . Loss of relationship with any of the customers or delays or reduction in their orders may have an adverse effect on the company's business, operation and financial condition.
The company's revenue is generated from projects undertaken with Government agencies. Such project / contracts are 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 our products may increase the company's after-sales costs or result in losses due to product replacements or recalls.
The company faces risks related to project execution delays, and the company's 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 its parking systems depend on clients fulfilling specific preparatory works and infrastructure requirements, and any delays or inadequacies in client-side responsibilities could adversely affect the company's 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's execution track record and scale are limited compared to global players, which could affect its ability to compete for large, complex projects and expand internationally.
The company is in the process of obtaining ISO 9001:2015 certification, and until the company obtain this certification,the company may face disadvantages in bidding for certain contracts that require such certification.
The company depends on a small team of key technical and management personnel, and the loss of key personnel or its inability to attract and retain qualified employees could adversely affect the company's operations.
