**BSE SME: 543475 | Sector: IT Services & Sustainable Packaging** Ekennis Software Service Limited is a diversified Indian enterprise that has pioneered a dual-track business model integrating **Digital Transformation Services** with a disruptive **"No Minimum Order Quantity" (No MOQ)** packaging vertical. Notably recognized as the fastest company to list on the **BSE SME platform**, Ekennis operates at the intersection of software-driven inventory management, global e-commerce logistics, and regulatory compliance. --- ### I. Core Business Verticals & Market Positioning The company leverages a "one-stop-shop" approach, providing end-to-end support that transitions from digital infrastructure to physical product delivery. #### 1. Software IT Consulting & Digital Services Ekennis provides high-level technical consultancy and development services aimed at small and medium enterprises (SMEs) and large-scale corporate clients. * **ERP Solutions:** Specialized implementation and ongoing support for **SAP, Microsoft, and Oracle** platforms. * **Digital Development:** Full-stack capabilities in web development, e-commerce applications, and mobile learning solutions. * **Strategic Alliances:** A key partnership with **Wix.com Ltd. (Enterprise Edition)** allows the company to scale its global IT customer base and offer enterprise-grade web solutions. * **Corporate Training:** Specialized training programs in **Cloud Computing, Data Analytics, and AI/Automation** to address the rapid evolution of the IT landscape. #### 2. Printing & Packaging (Brand: MyPerfectPack) Operating under the brand **MyPerfectPack (MPP)**, this division serves clients in over **190 countries** through dedicated regional websites. * **The No MOQ Model:** India’s first provider to offer high-quality customized packaging with **no minimum order requirements**, effectively removing entry barriers for startups and small businesses. * **Sustainability & Quality:** The first company in its sector to achieve the **ZED Gold Certification (Zero Defect Zero Effect)**. The division focuses on **energy-efficient machinery** and eco-conscious manufacturing to meet the growing demand for sustainable e-commerce packaging. * **Technological Precision:** Deployment of advanced manufacturing technology to ensure color and design consistency, supported by regular staff workshops on production efficiency. #### 3. Regulatory & Compliance Consulting Ekennis bridges the gap between manufacturing and legal requirements, particularly for the FMCG and Food sectors. * **FSSAI Expertise:** Authorized under the **Food Safety Mitra** scheme (Certificate No. **FSMDM051739**). * **Legal Guidance:** Provides **FSSAI legal consulting**, license renewals, and annual compliance filings, ensuring that packaging designs meet mandatory government disclosures for Food Business Operators (FBOs). --- ### II. Operational Structure & Governance The company maintains a lean operational profile with a strong emphasis on diversity and promoter-led growth. | Feature | Details | | :--- | :--- | | **Board Composition** | **All-female board**; over **50% women associates** | | **Promoter Holding** | **Manisha Sharma (71.42%)** as of March 31, 2024 | | **Key Leadership** | Manisha Sharma (MD/Chair), Vikas Sharma (CEO), Vidhya Sagar Sharma (CFO) | | **Regulatory Status** | Categorized as an **SME**; exempt from certain RPT compliance under **Regulation 15(2)** | | **Corporate Realignment** | Dissolved US subsidiary (**Ekennis Software & Packaging Solution Inc.**) on **June 18, 2024**, to operate as a standalone entity. | --- ### III. Strategic Asset Optimization & Infrastructure In early **2025**, Ekennis underwent a significant geographic and asset-based realignment to optimize its balance sheet and focus on high-value commercial development. * **Headquarters Shift:** Moved the corporate office to **Bettadasanapura Village, Bangalore** in **2025**. * **Real Estate Monetization:** Divested a **1,995.01 Sq ft** residential property in **Jaipur, Rajasthan** in **February 2025** to unlock capital. * **Commercial Development:** Entered into a **Joint Development Agreement (JDA)** for a commercial property construction project on company-owned land at **Doddathoguru Village, Bengaluru South**. --- ### IV. Financial Profile & Capital Structure While the company has avoided cash losses, it has recently transitioned from a debt-free status to a leveraged position to fund its asset base and growth initiatives. #### Financial Position (Standalone) | Metric | FY 2024-25 (₹ Cr) | FY 2023-24 (₹ Cr) | FY 2022-23 (₹ Cr) | | :--- | :--- | :--- | :--- | | **Total Assets** | **7.50** | **5.71** | **6.13** | | **Net Worth** | **3.41** | **5.02** | **5.02** | | **Long-term Borrowings** | **2.74** | **0.00** | **0.07** | | **Inventories** | **0.26** | **0.40** | **0.24** | #### Capital & Debt Details * **Equity Base:** **Authorised Share Capital** of **₹1.50 Crore**; **Paid-up Capital** of **₹1.40 Crore** (**14,00,000 shares** at **₹10.00 par value**). No ESOPs or sweat equity have been issued. * **Leverage:** Secured a **Home Equity Loan** from **Tata Housing Finance Limited** for **₹279.51 Lakhs** at **10.95% p.a.**, repayable over **185 months**. * **Solvency:** The company has **not defaulted** on any loans and is not classified as a wilful defaulter. Management confirms that **short-term funds** have not been diverted for long-term uses. * **Inventory Management:** Successfully reduced inventory levels by **35%** year-on-year in FY25, signaling improved operational efficiency. --- ### V. Risk Matrix & Mitigation Management identifies the verification of **Cash, Cash Equivalents, and Financial Assets** as a **Key Audit Matter**. The company faces distinct risks across its two primary segments: #### Segment-Specific Risks * **IT Services:** High dependency on **skilled human capital**; risks of **technological obsolescence** and intense competition from established global players. * **Packaging:** Vulnerability to **supply chain disruptions** and fluctuations in raw material costs; risk of **design/color inconsistencies** impacting brand reputation. #### Enterprise-Wide Threats * **Cybersecurity:** As a digital service provider, any **data breach** regarding client confidentiality poses a severe threat to business continuity. * **Regulatory Litigation:** Ongoing challenges regarding **Direct and Indirect Taxes** require significant management judgment and could impact future cash flows. * **Sustainability Compliance:** Increasing global pressure regarding **packaging waste** necessitates continuous investment in eco-friendly production methods to avoid fines and maintain market access. * **Execution Risk:** The dual-model requires simultaneous innovation in both software and physical manufacturing to maintain **competitive differentiation**.