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Ksolves India Limited Investor Presentation 2023

Nov 24, 2023

59517_rns_2023-11-24_02516c03-b957-4306-9201-816c5f059578.pdf

Investor Presentation

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Date: November 24, 2023

Listing Compliance Listing Compliance National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited, Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051 Mumbai – 400 001.

Subject: Investor Presentation-November 2023.

Ref : Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE Scrip Code: 543599; NSE Symbol; KSOLVES; ISIN: INE0D6I01015

Dear Sir/Madam

With reference to the above-captioned subject, please find herewith, enclosed the Investor Presentation by the Company. The aforesaid Investor Presentation is also being disseminated on Company's website at https://www.ksolves.com/

This is for your information and records.

For Ksolves India Limited

MANISHA Digitally signed by MANISHA KIDE KIDE Date: 2023.11.24 14:57:07 +05'30' Manisha Kide

Company Secretary & Compliance Officer

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India Ltd. Emerging Ahead Always

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Investor Presentation November - 2023

1

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Profile overview analysis Highlights

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Disclaimer

This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Ksolves India Ltd (“Ksolves”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company. This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

2

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Profile overview analysis Highlights

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Table of content

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01
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Company Profile

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  • Company Overview

  • Key Management

  • Board of Directors

  • Timeline

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02
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Business overview

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  • Business Model

  • Technology Verticals

  • Services Suite

  • Products Suite

  • Why ?

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03
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Business analysis

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  • Industries Served

  • Revenue Break-up

  • Case Studies

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04
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financial highlights

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  • Annual Performance

  • Award & Accreditations

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

3

overview analysis Highlights

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Company

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www.ksolves.com

CMMI Level 3

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NSE & BSE Listed

4

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overview analysis Highlights

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COMPANY OVERVIEW

  • A with strong capabilities & proven track record in .

  • It also has .

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Employees Years of Service Trusting Clients Countries Repeat Business Top 5 Client Contribution

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

5

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overview analysis Highlights

Key Management

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Manish Gurnani

22+ years of IT experience.

Ratan Srivastava

Ratan Srivastava holds a degree in Bachelor of Technology in Computer Science & Engineering. He looks after the company's core management. He has been instrumental in taking major policy decisions for the Company. He has 18+ years of experience in our industry and has worked with Tech Mahindra, Birlasoft (India) Limited, HSBC and Persistent Systems. He plays a vital role in formulating business strategies and effective implementation of the same. He is responsible for the expansion and overall management of our company’s business. His leadership abilities have been instrumental in leading the core team of our Company.

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Deepali Verma

7+ years experience in the IT Industry.

Umang Soni

5+ years of experience.

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

6

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overview analysis Highlights

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Board of directors

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Vineet Krishna

He is a MBA from IIFT with 20+ years of experience.

Sushma Samarth

She is a MBA from ISB. She has 16+ years of experience in Information Technology Enabled Services

Varun Sharma

MBA from IIT, Delh and PhD. Finance from London Business School

Varsha Choudhry

Chartered Accountant 12+ years of experience in Taxation & Finance

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

7

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overview analysis Highlights

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Timeline

  • Migration to the mainboard of NSE &

  • Maintained 80% client BSE.

  • Ksolves India Ltd. was formed.retention rate.Launched Odoo ProductsRegisteredISV Partner. as RedHat •• Became a Nasscom MemberReceived ISO certification. and became number one inUpgraded to Salesforce Odoo App Store with Ridge Silver Partner & Dashboard Ninja. Odoo Gold Partner.

  • 2012 2016-17 2020-21 2023 2014-15 2018-19 2022

  • was bornSolid upward revenueListed on NSE.Won Nasscom SME

  • small office in trajectory.Tech Partnerships: Inspire Awards 2023 by RatanA family of 250+ Salesforce, Magento,Became an Official achievers. Odoo Salesforce Crest (Gold)

  • New office space in Noida.CMMI Level 3 Partner.Crossed 50+ clients certified.Opened it’s 4[th] delivery milestone. centre in Ahmedabad, India.

Kartik Solutions was born from a small office in Indirapuram by Ratan Srivastava.

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

8

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overview analysis Highlights

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Awards & Accreditation (1/2)

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Nasscom SME Inspire Awards is an initiative of the Nasscom SME

Council, with the mission to recognize the most innovative and impactful SMEs.

Ksolves won the “ Nasscom SME Inspire Awards 2023awarded by

Shri. B.B Swain, Secretary, MSME , in the presence of Ms. Debjani Ghosh, President, Nasscom. The award ceremony was conducted by Nasscom - ‘Nasscom SME Confluence 2023’ on March 28, 2023

in New Delhi, India, to felicitate the accomplishments of Tech MSMEs.

Out of 300 entries , Nasscom shortlisted 80 entities and Ksolves India Limited booked its victory.

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www.ksolves.com

CMMI Level 3

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NSE & BSE Listed

9

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overview analysis Highlights

Awards & Accreditation (2/2)

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www.ksolves.com

CMMI Level 3

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NSE & BSE Listed

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overview analysis Highlights

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WHY ?

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www.ksolves.com

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overview analysis Highlights

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Business strengths & strategies

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  • Customer Satisfaction & revenues from long standing customer relationships.

  • Experienced Promoters & Management Expertise.

  • Diversified revenue from multiple geographies.

  • Focused on driving innovation.

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  • Expand our Current Business Relationships.

  • Attract, develop and retain highly-skilled employees.

  • Focus on efficiency.

  • Optimal Utilization of resources.

  • Invest in infrastructure & technology.

  • Diversified business across several verticals.

  • Scalable Business Model.

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www.ksolves.com

CMMI Level 3

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NSE & BSE Listed

12

overview analysis Highlights

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Way forward

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North America & Europe
Opening onshore
delivery centres
Senior lateral hires in different
Leveraging techno- industries
functional expertise
Focus on non-linear & scalable levers
Maintaining industry
leading profitability
Higher Billing Projects
Upgrading technology
mix of projects
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www.ksolves.com

CMMI Level 3 NSE & BSE Listed Nasscom Member

13

overview Analysis Highlights

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Growth Drivers

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Increased Utilization

Increased utilization percentage and gradual billing rate revisions for legacy clients helped in improving the operating profit margin.

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Tech Partnerships

Continued focus on building on the technology partnership programme as quality assurance frameworks. Such partnerships add to the Company's credentials in front of existing and prospective clients.

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Growth Rate - FY23

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Smart Investments

Heavy investments in building top - class teams via lateral hiring in key focus areas of IT services and Onshore presence of Sales and Client Management Teams will continue.

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Client Relationships

Clients appreciate the company’s accountability culture and treats Ksolves as their development partner instead of just being a vendor, and that also gets reflected in relatively high CSAT across engagements.

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

14

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overview Analysis Highlights

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Shareholder friendly (1/2)

(of Face Value)

Dividend Paid - H1-FY24

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Record Date
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Dividend Per Share (Rs)
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Type
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26-10-23 7.00 Interim
23-04-23 8.00 Final
03-03-23 3.00 Interim
27-10-22 4.50 Interim
21-07-22 8.00 Final
03-02-22 3.25 Interim
28-10-21 2.50 Interim

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Sales (INR Mn)
783.1
470.7 497.7
350.1
282.2
101.3
FY20 FY21 FY22 FY23 H1FY23 H1FY24
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Net Profit (INR Mn)
247.2
158.9 158.2
112.1
89.4
6.8
FY20 FY21 FY22 FY23 H1FY23 H1FY24
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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

15

overview Analysis Highlights

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Shareholder friendly (2/2)

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Funds Raised in IPO Dividend Declared/Paid
98% 228%
Rs. 36.2 Million Rs. 183.8 Million
3 Years 3 Years
CAGR
CAGR
FY22 FY23 Dividend Payout
Free Cash Flow Rs. 96.5 Mn Rs. 201.3 Mn
91.3%
110% 139%
Net Profit Rs. 158.9 Mn Rs. 247.2 Mn
Dividend Payout
Return on
Return on
Capital
Equity
Rs. 163.0 Mn Rs. 183.8 Mn Employed
Dividend Paid 74.4% (2023)
(Rs. 13.75 per share) (Rs. 15.5 per share) (2023)
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www.ksolves.com

CMMI Level 3

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NSE & BSE Listed

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overview analysis Highlights

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Geographical Presence

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Particulars Particulars For the year ended 31st March For the year ended 31st March For the year ended 31st March For the year ended 31st March For the year ended 31st March For the year ended 31st March
H1-FY24 FY23 FY22 FY21
Export Sales (Rs Mn) 415.4 599.2 337.7 274.5
% of Total Sales 83.5% 76.5% 71.7% 97.3%
Geographical
Areas
H1-FY24 FY23 FY22
Rs. Mn % Rs. Mn % Rs. Mn %
North
America
341.5 68.6% 515.9 65.9% 290.9 61.8%
Europe 37.2 7.5% 54.7 7.0% 30.8 6.5%
India 82.3 16.5% 183.9 23.5% 133.0 28.3%
RoW 36.7 7.4% 28.7 3.7% 16.0 3.4%
Total 497.7 100.0% 783.1 100.0% 470.7 100.0%

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

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Profile analysis Highlights

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Business

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Profile

analysis Highlights

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Business Model

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Development
Services
of Total Revenue
Consulting
Services
Adobe Magneto
Odoo
of Total Revenue
Salesforce
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Profile analysis Highlights

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TECHNOLOGY verticals

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Generative AI

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(Odoo, Magneto, Salesforce)

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Profile analysis Highlights

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Services suite

TensorFlow SciKit Learn Computer Vision Artificial Intelligence, NLP Machine Learning, RPA Generative AI Deep Learning Data Driven Analytics

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Salesforce Development & Consulting Open Source AWS Salesforce Customization Kafka Glue Salesforce Lightning & Aura NiFi EKS App Exchange Spark DynamoDB App Development Cassandra SQS Salesforce Migration Hadoop Salesforce Integration with Third-party Applications GCP Azure DataProc Synapse Sales | Service | Marketing | Big Query HDInsight Community Cloud Dataflow Data Factory DataFusion

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Technology CI Servers Android/iOS Apps Odoo
Java | Scala | Python | Kubernates Jenkins | CircleCi | Product development
Frameworks Bamboo Flutter | React Native Implementation
Spring | Micronaught | ORM Monitoring Tools MERN | MEAN Consulting
Enterprise Databases Splunk | DynaTrace | TypeScript | Javascript | Products
Technology MySQL | Oracle | Mongo | Cassandra DataDog Application React, Magento
Architecture Log Aggregation Tools Development Node, Angular | CSS3 | Product development
Microservices | Distributed Loggly | Logstash | HTML5 Consulting
Transactions Sumologic Go | C# | C++ Dashboard Ninja
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www.ksolves.com

CMMI Level 3

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Profile analysis Highlights

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DELIVERY Execution Models

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Staff Augmentation
Dedicated Teams
Project-Based Model
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Profile analysis Highlights

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Service process

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Understanding the needs of our clients in their business model. We ideate the requirements, understand the challenges and come up with a solution to make innovative solutions.

  • Understanding the needs of our clients in their business model.

  • We ideate the requirements, understand the market challenges and come up with a solution to make innovative solutions.

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  • Our customer service is our major USP that makes our customers work with us for a longer period.

  • Even after development and deployment, we resolve all of our client's issues and keep the client updated with the latest functionalities.

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After the requirement gathering, we deploy our experienced team of developers to start with the development and help clients explore what’s possible with the latest emerging trends and technologies.

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We allot a dedicated Project and Quality Assurance manager for each project to ensure Quality Assurance at every phase of the development cycle.

  • Customers can also communicate with the managers as and when they need it.

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

23

Profile analysis Highlights

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NEW Products LAUNCH

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US$ 44.89 Bn Fiscal Revenue in 2023

  • Generative AI has gained a lot of attention in the past months, establishing more and more tools for users.

  • In global comparison, most value will be generated in the United States (US$16bn in 2023).

24.4% CAGR FY23-FY30

HR Analytics

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Healthcare Analytics

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Lead Manager Ninja

US$ 13 Bn Global Service Revenue in 2022

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  • International Data Corporation (IDC) has ranked Salesforce as the #1 CRM provider in its latest Worldwide Semiannual Software Tracker . This is the 10th time Salesforce has earned the No. 1* spot.

  • The Global service Revenue of Salesforce is predicted to expand at a stupendous CAGR of 14.4% to reach a valuation of US$ 33.5 Billion by 2029.

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Source: https://www.statista.com/outlook/tmo/artificial-intelligence/generative-ai/worldwide#global-comparison | https://www.futuremarketinsights.com/reports/salesforce-services-market#:~:text=%5B348%20Pages%20Report%5D%20The%20global,US%24%2033.5%20Billion%20by%202029.

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

24

Profile analysis Highlights

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Current Product suite

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US$ 12.87 Mn Fiscal Revenue

Multi Vendor Marketplace

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Websites targeted using Magneto 2.

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Adobe Bronze Partner enables us to have listing in Partner directory increasing our visibility, brand awareness and customer Base.

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of consumers shopping online are catered.

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7+ Million Users

Dashboard Ninja

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Odoo is a suite of open-source growing business at that covers all company needs CRM, e-commerce, Accounting, Sales, Inventory Project management etc.

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

25

Profile analysis Highlights

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clientele

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Our quality standards, punctual order completions & our unmatched overall service have resulted in significant recurring revenue from existing customers and also enabled us to garner clients which are some of the leading businesses in India and abroad.

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Our strategy is to seek new customers and at the same time secure additional engagements from existing customers by providing high quality services and cross-selling new services.

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Top 5 Customers Top 10 Customers

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

26

Profile overview Highlights

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Business

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

27

Profile overview Highlights

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(H1FY24) Industries Served (H1FY24) Revenue by Business Units IT & Services Telecom Products 3% Services 97% Revenue by Industry for H1-FY24 E-Governance Edu Tech 1% 3% 4% 7% BFSI Retail 10% 47% Marketing & Advertising Manufacturing 7% 8% Heathcare Others 5% 8%

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CMMI Level 3

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www.ksolves.com

Nasscom Member

NSE & BSE Listed

28

Profile overview Highlights

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Revenue break-up (1/2)

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Total Revenue Break-Up Geographical Revenue Break-Up
(INR Million) (INR Million)
800
1000
Annual Half-Yearly 700 Annual Half-Yearly
783.1
600
800
515.9
500
599.2
600
470.7 497.7 400 341.5
415.4 290.9
400 337.7 300
183.9
200
183.9 133.0
200 133.0
82.3
82.3 100 54.7
30.8 16.0 28.7 37.2 36.7
0 0
FY22 FY23 H1-FY24 FY22 FY23 H1-FY24
Total Revenue Export Revenue Domestic Revenue North America Europe India RoW
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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

29

Profile overview Highlights

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Revenue break-up (2/2)

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Revenue by Geography (H1FY24)

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7%
17%
7%
69%
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North America Europe India Rest of World

Revenue by Technology (H1FY24)

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22% 22%
3%
7%
6%
11%
12%
17%
Salesforce Big Data Dev Ops
Odoo AI/ML Mobile Apps
QA & Automation
Open Source Technologies
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  • *Dev Ops (Kubernetes, OpenShift, Ansible, Docker, CI/CD & Microservices)

  • *Odoo (App Development, Implementation & Customisation)

  • *Mobile Apps (React Native, Flutter, Native Application Development)

  • *Open Source Technologies ( ROR, MERN, MEAN)

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

30

Profile overview Highlights

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Case study (1/2): Client - A Pan India Government Organization

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PROBLEMS CHALLENGES SOLUTION RESULT Building an intelligent decision Microservices based architecture, A Highly Available, Resilient and Metadata driven design support system which can cater to a Multi tiered services, Dockerized Robust system capable of user base of 100mn containers in Kubernetes cluster AutoScaling on demand. Heterogeneous environment High Performance, Availability Interservice authentication and Performance benchmarked via Api based data exchange and Resiliency (Peak Transaction communication over Service mesh LoadRunner , JMeter for peak mechanism with internal and rate of 50K tps) loads. external entities Authentication and Authorization Near Real time/ Batch transactions using SSO and Api Gateway Security and Audit for each capability request Analyzing transactions as per ETL pipeline with Spark for data defined business rules and provide Integrations over different analysis , Tableau for Reporting and bi capability channels and protocols Visualization CI/CD via Jenkins and Helm Chart

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

31

Profile overview Highlights

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Case study (2/2): Client - An Internet cable networking company

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PROBLEMS CHALLENGES SOLUTION RESULT Selecting and processing Problem: A solution to analyze huge Able to collect real time data aggregated Data Apache Cassandra data, handle many data requests Inbuilt Fault tolerance and High from millions of devices with without performance issue Real time data collection Availability high frequency with high volume Analysis of time series and Cassandra handles data High volumes of data with historical data replication on its own faster read and writes Offline data processing capability Able to perform distributed Apache Kafka data processing Scalability & Performance Receive and process data streams from various sources High data availability with Delivery of data is not guaranteed zero fault tolerance Apache NiFi Guaranteed delivery of process data Handle millions of concurrent data Real time Reporting of by restarting the process again where it requests without any performance historical data stopped due to errors impact Data Model Not Scalable Due to Low Latency with high throughput, ability to get real time response

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

32

Profile overview analysis

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Quarterly

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

33

Profile overview analysis

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Quarterly Performance – Q2FY24

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9.2%
Revenue from Operations
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10.1%
EBITDA
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8.5%
Earnings Per Share
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8.5%
Profit After Tax
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40.4% 39.1%
Revenue from Operations Earnings Per Share
38.7% 39.1%
EBITDA Profit After Tax
Quarterly (YoY)
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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

34

Profile overview analysis

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Quarterly Financial Performance

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Particulars (INR Mn)
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Q2FY24
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Q1FY24
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Q2FY23
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YoY%
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QoQ%
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H1FY24
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H1FY23
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YoY%
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Particulars (INR Mn) Q2FY24
Q1FY24

Q2FY23
YoY%
QoQ%
H1FY24 H1FY23 YoY%
Revenue from Operations 259.8 237.9 185.0 40.4% 9.2% 497.7 350.1 42.1%
Total Expenditure 147.6 135.9 104.1 41.7% 8.6% 283.5 198.0 43.2%
EBITDA 112.3 102.0 80.9 38.7% 10.1% 214.2 152.2 40.8%
EBITDA Margin (%) 43.2% 42.9% 43.7% -53 bps +35 bps 43.1% 43.5% -42 bps
Other Income 1.0 0.6 0.6 69.4% 53.5% 1.7 1.7 -1.5%
Depreciation 1.8 1.4 1.3 42.1% 30.1% 3.2 2.7 16.1%
Profit Before Interest & Tax 111.5 101.2 80.2 38.9% 10.1% 212.7 151.1 40.8%
Interest - - - - - - - -
Profit Before Tax 111.5 101.2 80.2 38.9% 10.1% 212.7 151.1 40.8%
Tax 29.1 25.4 21.1 38.3% 14.9% 54.5 39.1 39.6%
Profit After Tax 82.3 75.8 59.2 39.1% 8.5% 158.2 112.1 41.2%
PAT Margin (%) 31.7% 31.9% 32.0% -30 bps -21 bps 31.8% 32.0% -22 bps
Other Comprehensive Inc -0.5 -0.2 -0.8 -38.8% 178.5% -0.7 -1.6 -56.9%
Total Comprehensive Inc 81.8 75.7 58.4 40.2% 8.1% 157.5 110.5 42.5%
Earnings Per Share (Rs) 6.94 6.40 4.99 39.1% 8.5% 13.34 9.45 41.2%

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

35

Profile overview analysis

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Annual

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

36

Profile overview analysis

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Annual Income statement (Consolidated)

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Particulars (INR Mn)
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FY19
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FY20
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FY21
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FY22
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FY23
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Revenue from Operations 54.2
101.3

282.2

470.7

783.1
Total Expenditure 51.3
89.3

160.2

269.3

454.5
EBITDA 2.9
12.0

122.0

201.4

328.6
EBITDA Margin (%) 5.3% 11.8% 43.2% 42.8% 42.0%
Other Income 0.1
0.0

2.1

12.7

6.3
Depreciation 0.8
2.9

4.3

4.9

5.5
Profit Before Interest & Tax 2.1
9.1

119.7

209.2

329.4
Interest -
0.0

0.1

0.0

-
Profit Before Tax 2.1
9.1

119.6

209.1

329.4
Tax 0.5
2.3

30.2

50.2

82.2
Profit After Tax 1.6
6.8

89.4

158.9

247.2
PAT Margin (%) 3.0% 6.7% 31.7% 33.8% 31.6%
Earnings Per Share (Rs) 3.18
13.64

7.54

13.41

20.85

*FY19 is Standalone Data

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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

37

Profile overview analysis

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Annual Balance Sheet (Consolidated)

Particulars (INR Mn)
Assets
Non-Current Assets
(a) Property, plant and equipment
(b) Intangible Assets
(c) Financial Assets
- Investments
- Other Financial Assets
(d) Deferred Tax Assets (Net)
(e) Other Non Current Assets
Total Non-Current Assets
Current Assets
(a) Inventories
(b) Financial Assets
- Trade receivables
- Cash and cash equivalents
- Bank Balance & other Cash
equivalents
- Other financial assets
(c) Other current assets
Total Current Assets
Total Assets
FY23
FY22
10.43
10.08
0.60
0.60
-
-
4.38
1.70
5.04
2.59
-
-
20.45
**14.97 **
-
-
151.30
92.57
85.73
68.95
0.34
0.49
0.31
2.71
82.74
57.16
320.43
221.88
340.88
236.85

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Particulars (INR Mn)
Equity and Liabilities
Equity
(a) Equity Share Capital
(b) Other Equity
Total Equity
Liabilities
Non-current Liabilities
Financial Liabilities
Provisions
Total Non-Current Liabilities
Current Liabilities
Financial Liabilities
- Borrowings
- Trade payables
- Other Financial Liabilities
Provisions
Current Tax Liabilities
Total Current Liabilities
FY23
FY22
118.56
118.56
105.28
48.20
223.84
166.76
-
-
13.58
6.71
13.58
6.71
-
-
4.67
5.68
1.45
1.44
84.82
51.27
12.51
4.99
103.47
63.38

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Total Equity and Liabilities
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340.88
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236.85
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www.ksolves.com

CMMI Level 3

Nasscom Member

NSE & BSE Listed

38

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THANKS! India Ltd. Ms Manisha Kide - Company Secretary Tel: +91 81307 04297 | Email: [email protected] www.ksolves.com

KAPT I FY[®] Consulting Strategy & Investor Relations | Consulting Tel: +91-845 288 6099 | Email: [email protected] www.kaptify.in

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39