Micropro Software Solutions Limited is an established IT solutions provider with over **30 years** of experience in designing, developing, and standardizing software solutions. Transitioning from a private boutique firm to a public entity listed on the **NSE EMERGE** platform (November 2023), the company specializes in high-growth verticals including Healthcare, E-Governance, and Enterprise ERP. With a workforce of **130+ to 150+** technology experts, Micropro serves a robust portfolio of over **4,000 customers** across India, the Middle East, and Africa. --- ### Core Business Segments & Revenue Model The company’s operations are structured into two primary reportable segments designed to provide both high-margin proprietary solutions and essential enterprise hardware: * **IT Services:** The core growth engine, encompassing proprietary software development, technical services, and customized digital transformation solutions. * **Trading of IT Products:** A complementary segment involving the trading of IT hardware and third-party software products to provide turnkey infrastructure solutions to clients. --- ### Proprietary Product Ecosystem & Vertical Specialization Micropro is currently executing a strategic roadmap to migrate its extensive legacy client base to next-generation, cloud-enabled platforms. | Product | Target Sector | Key Features & Capabilities | | :--- | :--- | :--- | | **HospyCare (HIMS)** | Healthcare | Integrated platform for clinical and financial functions. Includes **Patient EMR**, **RCM Cycle** for insurance, and integration with **Medical IoT** and **PACS**. | | **PharmaZip** | Pharmaceutical | **Next-Gen cloud-enabled** software. Target migration of **6,000+ existing clients**. Already secured **100+ customers** post-FY25 rollout. | | **OpenSys-Logix** | Logistics/Dist. | End-to-end visibility with **Digital Order Booking**, real-time field insights, and **BI Dashboards**. | | **AIMS** | Education | Manages academic lifecycles; successfully implemented at **VNIT** (National Institute of Technology). | | **Dairy & Ice-Cream ERP** | Food & Beverage | Unified platform for **milk procurement**, quality testing, and cold chain monitoring. | | **Property Tax Solution** | E-Governance | Automates assessment and collection with **GIS integration** for Municipal Corporations. | | **OpenSys MicroBooks** | General Enterprise | Multi-branch accounting with seamless **GSTN upload** formatting. | --- ### Managed Infrastructure & Cybersecurity Services Beyond software, the company provides mission-critical managed services to ensure operational uptime and data integrity: * **NOC & SOC Operations:** **24/7 continuous monitoring** via a Network Operation Center and a Security Operations Center leveraging **Machine Learning** for real-time threat detection. * **Cloud Management:** Comprehensive offerings across **IaaS, PaaS, and SaaS**, supporting hybrid environments and "pay-as-you-go" cost models. * **Cybersecurity Consulting:** Specialized services in **Endpoint Security**, **Data Encryption** (at rest and in transit), and network firewall configuration. * **Infrastructure Monitoring:** A **single-pane-of-glass view** for hybrid environments (on-premise and cloud) with proactive alerting. --- ### Strategic Growth Drivers & Global Expansion Micropro is utilizing its IPO proceeds to pivot from a service-heavy model to a product-led organization with a global footprint. * **MIHAN-SEZ Hub:** The company executed a **99-year lease** in **August 2025** for **1.077 hectares** of land in Nagpur (**₹1.85 Crore**) to build a centralized development hub. * **UAE & Middle East Pivot:** Acquired **Microsync Information Technology Co. LLC** as a **100% wholly owned subsidiary** in the UAE (**September 2024**) to capture regional demand. * **Digital India Alignment:** Strategic positioning to benefit from the **Ayushman Bharat Digital Mission (ABDM)** and government digital blueprints. * **R&D Focus:** Integrating **Artificial Intelligence (AI)** and **Machine Learning (ML)** into core products to enable predictive insights for healthcare and logistics. --- ### Financial Performance & Capital Structure While the company maintained stable revenue in the most recent fiscal year, profitability faced compression due to increased service costs and IPO-related transitions. **Key Financial Metrics (FY 2023-24 vs FY 2022-23):** | Particulars (₹ in Lakhs) | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | | **Total Income** | **2,228.31** | **2,217.21** | | **Profit After Tax (PAT)** | **310.87** | **573.16** | | **Adjusted EPS (₹)** | **2.61** | **5.59** | | **Purchase of Services** | **202.99** | **95.45** | **IPO Proceeds Utilization (Total Raised: ₹30.70 Crore):** * **Capital Expenditure:** **₹1,285.34 Lacs** allocated (**₹346.86 Lacs** utilized as of March 2024). * **Working Capital:** **₹850.00 Lacs** allocated. * **General Corporate Purposes:** **₹484.00 Lacs** (Fully utilized). **Capital Restructuring:** * **Stock Split:** Face value reduced from **₹100 to ₹10** (May 2023). * **Bonus Issue:** **40:1** ratio (June 2023). * **ESOP:** Implemented **Micropro ESOP 2023** for up to **6,00,000** equity shares to retain talent. --- ### Risk Factors & Contingent Liabilities Investors should monitor the following operational and financial risks: * **Auditor Transition:** Statutory Auditors (**M/s Banthia Damani & Associates**) resigned in **December 2025**, citing pre-occupation, necessitating a new appointment for the remainder of the term through **FY 2028-29**. * **Outstanding Receivables:** A significant claim of **₹293.17 Lacs** is pending against **Sidilega Private Hospital (Botswana)**; legal recovery is underway. * **Legal Recoveries:** A favorable ruling was received in **January 2025** regarding a **₹60.21 Lacs** claim against **Jiwaji University**. * **Market & Talent Risks:** High competition from global IT firms and the constant threat of **technological obsolescence** require sustained R&D spending. * **Financial Reconciliations:** Balances for **Trade Payables, Loans, and Other Current Liabilities** are subject to ongoing confirmation and reconciliation. * **Regulatory Compliance:** Operations are sensitive to international data-sharing standards and evolving **GST/Tax regulations** (e.g., a pending **₹4.66 Lacs** GST demand under amnesty review).