**Eyantra Ventures Limited** (formerly Punit Commercials Limited) is a diversified Indian conglomerate that has undergone a radical strategic transformation. Following a management change in **2022**, the company pivoted from diamond trading to a high-growth multi-vertical model. Today, Eyantra operates at the intersection of **IT Services, Corporate Merchandising, and Healthcare**, leveraging a debt-free balance sheet and aggressive inorganic growth to scale both domestically and internationally. --- ### **Strategic Business Verticals & Revenue Streams** The company’s revenue is generated through five primary activities, with a strategic shift toward digital platforms and high-margin technology services. | Vertical | Core Focus & Operations | Key Platforms/Assets | | :--- | :--- | :--- | | **Merchandising** | B2B custom merchandise and curated corporate gifting. Transitioned from on-demand fulfillment to a pre-discovery digital model. | **shop.eyantra.com**, **Hamper Story** | | **IT Services** | AI security, cloud transformation, and digital engineering for US and European markets. | **Prismberry Technologies** | | **Healthcare** | Specialized neuro and spine hospital services and pharmacy product sales. | **Neuro and Spine Associates (NASAPL)** | | **Software Services** | Development of RBI-aligned fintech platforms, payments, and Prepaid Instrument (PPI) systems. | Internal IP | | **Other Services** | Miscellaneous service-linked revenue lines and consulting. | N/A | --- ### **Technology Capabilities: AI, IoT, and Embedded Systems** Eyantra provides a dual-core service offering designed to bridge the gap between hardware and software, facilitating digital transformation through connected ecosystems. * **Transformative Software Services:** Focuses on enterprise growth through **Artificial Intelligence (AI)**, custom software engineering, and mobile application development. * **Embedded and IoT Solutions:** End-to-end support for device connectivity, ranging from **Innovative Product Design** to the implementation of **Embedded Hardware** and **Internet of Things (IoT)** ecosystems. * **Fintech Integration:** The leadership possesses specialized expertise in obtaining **RBI in-principle approval** for Prepaid Payment Instruments (**PPI**). The company is currently among the largest issuers of **prepaid cards** in India within its specific niche. --- ### **Global Footprint & Subsidiary Structure** The group has expanded its operational reach through strategic acquisitions and international incorporations to diversify geographic risk. | Entity Name | Relationship | Purpose & Status | | :--- | :--- | :--- | | **Prismberry Technologies Pvt Ltd** | **100%** Subsidiary | Acquired **Aug 2023** for **₹4.20 Cr**; serves as the primary IT delivery engine. | | **Neuro and Spine Associates Pvt Ltd** | **60%** Subsidiary | Healthcare provider; **₹10.8 Cr** invested for **51.92%** stake as of **June 2025**. | | **Eyantra Ventures FZE (UAE)** | **100%** Subsidiary | Incorporated **July 2024** in Ajman Free Zone to serve the Middle East. | | **Eyantra Ventures Inc (USA)** | **100%** Subsidiary | Incorporated **May 2025** in Delaware; hub for international IT and US operations. | --- ### **Financial Trajectory & Capital Efficiency** Eyantra has demonstrated explosive top-line growth while maintaining a conservative, **debt-free** capital structure. #### **Comparative Financial Performance** | Metric (INR in Lakhs/Crores) | FY 2024-25 (Est.) | FY 2023-24 (Consol.) | FY 2022-23 (Stand.) | | :--- | :--- | :--- | :--- | | **Total Revenue** | **₹27.59 Cr** | **₹16.76 Cr** | **₹4.97 Cr** | | **Revenue Growth (YoY)** | **~96%** | **183%** | **214%** | | **Profit After Tax (PAT)** | *TBD* | **₹0.745 Cr** | **₹0.525 Cr** | | **Debt-to-Equity Ratio** | **0.00** | **0.00** | **0.00** | | **Current Ratio** | **10.49x** | *N/A* | *N/A* | #### **Revenue Segmentation (FY 2023-24)** * **Merchandise:** **₹1,120.31 Lakhs** (Largest contributor) * **Services:** **₹555.80 Lakhs** * **Domestic (India):** **₹1,403.03 Lakhs** * **International:** **₹273.09 Lakhs** --- ### **Capital Structure & Fundraising Strategy** The company aggressively utilizes preferential allotments to fund its inorganic growth and working capital requirements without taking on debt. * **Preferential Allotment (Jan 2025):** Allotted **1,87,500** shares at **₹800** per share (Total: **₹15 Crore**). * **Fundraising Plan (Nov 2024):** Approved issuance of up to **3,38,343** shares at **₹800** to raise **₹27.07 Crore**. * **Acquisition Funding (Aug 2023):** Issued **1,75,000** shares via share swap for the **Prismberry** acquisition and **2,04,375** shares at **₹240** for cash. * **Paid-up Capital:** Stood at **₹2.00 Crore** (divided into **20,06,875** equity shares) as of March 31, 2025. * **Asset Valuation:** A 2025 third-party valuation of **Prismberry Technologies** at **₹6.21 Crore** (vs. **₹4.2 Crore** book value) resulted in **zero impairment loss** recognized. --- ### **Growth Strategy & Future Outlook** Eyantra’s roadmap focuses on scaling existing capacities and deepening market penetration: * **Merchandising Expansion:** Target to increase product listings on **shop.eyantra.com** from **200+** to **1,000+**; deepening presence in **Bangalore, Mumbai, NCR, and Hyderabad**. * **Healthcare Scaling:** Currently operating **300 beds** across **3** centers; plans to launch a **4th center** (**60-100 beds**) and evaluating further acquisitions in Southern India. * **Talent Retention:** Launched **EYANTRA ESOP 2025** with a pool of **2,00,000** options to align employee interests with long-term corporate performance. * **Governance:** The Board maintains **50% independent representation** with expertise spanning banking, finance, and technology. **Mrs. Vinita Raj Narayanam** leads as MD through **2028**. --- ### **Risk Management & Mitigation** The company operates under a formal Risk Management Policy in compliance with the **Companies Act, 2013** and **SEBI (LODR)**. | Risk Category | Mitigation Strategy | | :--- | :--- | | **Credit Risk** | Managed via **Expected Credit Loss (ECL)** models and rigorous counterparty creditworthiness checks. | | **Liquidity Risk** | Maintained through a high **Current Ratio (10.49x)** and access to non-fund-based working capital limits. | | **Market & Interest Risk** | Monitored by the Audit Committee; currently has **zero exposure** to floating rate interest-bearing debt. | | **Cyber Security** | Integrated into the IT services framework, particularly for fintech and AI operations. | | **Exchange Rate Risk** | Reported as **zero** for the current period, though this may change as US/UAE operations scale. |