HCKK Ventures Limited (**HCKK**) has successfully transitioned from its legacy as an industrial investment and project financing firm into a specialized **Information Technology** consultancy and software solutions provider. This transformation was catalyzed by a definitive change in ownership during the **2022-23** period. Control of the entity transferred from Mr. Harish Kanchan to **Mr. Amit Maheshwari** and **Mr. Kunal Maheshwari** via a **SEBI (SAST) Regulations** compliant Open Offer. Following a **50.32%** shareholding re-classification, the new management redirected the company’s mission toward **technological advancement** and **innovation-led growth**. Post-COVID-19, the company has pivoted to capitalize on the global IT boom, focusing specifically on **software-driven trading solutions** and high-growth digital verticals. --- ### Core Business Verticals and Service Portfolio The company operates at the intersection of technology and regulatory compliance, focusing on three primary industries: **Logistics**, **Telecommunication**, and **Education**. The service portfolio is divided into two high-impact streams: #### 1. Regulatory Compliance & Taxation Software Through a strategic revenue-sharing partnership with **Webtel Electrosoft Pvt. Ltd.**, HCKK markets and supports specialized software designed to streamline complex regulatory hurdles for large enterprises. Key offerings include: * **e-Invoicing** and **E-Way Bill** generation. * **Goods and Services Tax (GST)** compliance modules. * **Digital Certificates** and **Digital Signature** management. * **XBRL** (eXtensible Business Reporting Language) filing solutions. #### 2. Turnkey ERP Implementation & Logistics Tech HCKK manages end-to-end **Enterprise Resource Planning (ERP)** projects, providing bespoke solutions that integrate complex operational chains. * **Scope:** Full lifecycle support from initial **system analysis** to implementation and post-deployment maintenance. * **Logistics Focus:** Specialized modules for **Freight Forwarding**, **Transportation**, and **Warehousing** management. * **Customization:** A core business pillar is the delivery of **tailor-made solutions** that enhance operational integration for large-scale enterprises. --- ### Operational Infrastructure and Development Strategy HCKK is transitioning from a pure consultancy/trading model to a development-led model to internalize technological capabilities and improve margins. | Feature | Status / Details | | :--- | :--- | | **Development Center** | Establishing a state-of-the-art facility and corporate office in **Mumbai** to centralize innovation. | | **Asset Profile** | Maintains records for **Plant and Equipment**; holds **no immovable property** or **intangible assets** as of the latest audit. | | **Revenue Models** | Hybrid approach utilizing both **SaaS (Software as a Service)** and **perpetual license** models. | | **Strategic Alliances** | Forging partnerships with established tech firms to distribute third-party software products. | --- ### Financial Performance and Capital Structure The strategic shift into software trading has resulted in a notable financial turnaround, moving the company from a loss-making entity to a profitable one. **Key Financial Metrics (INR in Lakhs):** | Metric | As at 31 Dec 2025 (Unaudited) | As at 31 March 2025 (Audited) | | :--- | :--- | :--- | | **Total Assets** | **453.66** | **450.01** | | **Total Shareholders' Funds** | **445.65** | **438.75** | | **Equity Share Capital** | **371.00** | **371.00** | | **Current Assets** | **453.53** | **449.82** | | **Current Liabilities** | **8.01** | **11.26** | **Growth and Liquidity Highlights:** * **Revenue Growth:** Q1 2023 revenue reached **₹16.08 Lakhs**, nearly tripling from **₹5.61 Lakhs** YoY. * **Profitability:** Achieved a maiden quarterly profit of **₹7.71 Lakhs** in **March 2023**, reversing a prior trend of annual losses (reduced from a **₹10.40 Lakh** loss in FY22 to **₹4.98 Lakh** in FY23). * **Capital Expansion:** The **Authorised Share Capital** was significantly increased to **INR 50,00,00,000** (5 Crore Equity shares of **INR 10** each) to facilitate future expansion. * **Asset Composition:** The balance sheet is highly liquid; **Current Assets** represent the vast majority of value, primarily held in **Other Financial Assets** (**331.67 Lakhs**) and **Trade Receivables** (**34.99 Lakhs**). --- ### Inorganic Growth and Capital Allocation The company actively pursues an M&A mandate to acquire established software products and gain global market access. * **Fundraising Mandate:** The board has approved a target of up to **₹200 Crore** via preferential allotment, rights issue, or private placement. * **M&A Profile:** Targeting companies in the **Software Products** domain, specifically those utilizing **SaaS** models. * **Softlink Global Transaction:** A proposed acquisition of a logistics tech leader valued at **~₹430 Crore** (which would have provided access to **4,500 customers** across **45 countries**) was **withdrawn in July 2025**. Despite this withdrawal, the company remains committed to its inorganic growth strategy. * **Advisory:** **Mark Corporate Advisors Private Limited** serves as merchant bankers to oversee takeover and amalgamation strategies. --- ### Leadership and Governance Framework The company has refreshed its leadership and governance protocols to align with its technology-centric mission. * **Executive Leadership:** **Mr. Ravikant Saawal** was appointed **Managing Director & CEO** effective **April 06, 2026**, succeeding **Mr. Apurv Bhargava**. * **Audit & Oversight:** * **Internal Auditor:** **M/s Rishabh D Jain & Associates** (Re-appointed for **FY 2026-27**). * **Secretarial Auditor:** **HD & Associates** (Appointed for a **5-year term** from **FY2025-26 to FY2029-30**). * **Compliance Standards:** The company maintains a **Whistle Blower Policy** and a **Vigil Mechanism** in compliance with **Section 177(9)** of the Companies Act and **Regulation 22** of SEBI Listing Regulations. --- ### Risk Management and Mitigation HCKK maintains a comprehensive risk framework overseen by the **Board of Directors**, focusing on both **monetary impacts** (profitability, revenue) and **non-monetary impacts** (reputation, regulatory standing). **Primary Risk Vectors:** * **Strategic & Market:** Volatility in **Return on Investment (ROI)** and shifts in **industry demand patterns**. * **Regulatory & Legal:** Navigating dynamic compliance landscapes and securing necessary permits in international jurisdictions. * **Operational:** Risks associated with **Succession Planning**, **Human Resources**, and **Supply Chain** stability. * **Financial:** Monitoring **Treasury**, **Liquidity**, and **Solvency**. While the company is currently assessed as capable of meeting liabilities falling due within **one year**, management emphasizes continuous monitoring of revenue fluctuations. * **Innovation Risk:** The success of the **Product Portfolio** depends on the accuracy of internal innovation strategies and the disposition of prospective clients toward new software solutions.