Austere Systems Ltd
Founded in 2015, our company specializes in an extensive array of services, including software development, Software as a Service (SaaS), mobile application development, information technology solutions, database management, IT-enabled services, training and development, web development, web and portal operations, e-commerce platforms, ERP and MIS solutions, Data Analytics and AI Services, Process automation, Digital Transformation as well as data and document management storage. We also engage in reselling software products and providing business process outsourcing and knowledge management solutions, alongside IT consulting and advisory services. Strategically, we focus on global and Indian clients in which we serve both private and in government sector, in which we serve the largely underserved rural markets in India an area often overlooked by other IT firms. By forging collaborative partnerships with state governments and gram panchayats across various regions, we are dedicated to delivering customized IT solutions that effectively address the unique needs and challenges faced by these communities. Our Company is an AWS public partner to provide cloud services to our clients.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Shareholding
Objects of the Issue
- Capital expenditure (Upgradation of Hardware)
- Funding the working capital requirements of the company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 12 | 15 | 19 | 19 | 22 |
| Operating ProfitCr | 1 | 3 | 6 | 6 | 6 |
| OPM% | 11.7 | 18.9 | 33.4 | 31.2 | 28.2 |
| PBTCr | 1 | 2 | 6 | 5 | 7 |
| PATCr | 1 | 2 | 4 | 4 | 5 |
| EPS | 1 | 3 | 6 | 5 | 5 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 8 | 10 |
| ReservesCr | 3 | 5 | 9 | 9 | 25 |
| BorrowingsCr | 0 | 1 | 0 | 0 | 0 |
| Total AssetsCr | 5 | 9 | 12 | 19 | 40 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 0 | 3 | 4 | 4 |
| Investing Cash FlowCr | -1 | -1 | 0 | 0 | -20 |
| Financing Cash FlowCr | -1 | 1 | 0 | 0 | 13 |
| Net Cash FlowCr | 0 | 0 | 2 | 4 | -3 |
Strengths & Risks
- Experienced Promoter and Qualified Senior Management Team.
- Global presence of our Company.
- Scalable Business Model.
- Strategy to build capacity and capabilities necessary to develop and increase the value of the business by growth across multiple dimensions.
- Our Customer- Centric Approach.
- In- House Expertise/Human Resource- Our team comprises of highly skilled professionals with a prudent mix of experienced and young professional with diverse expertise.
- Expand and strengthen key account relationships while actively pursuing and acquiring new clients.
- Recruit, nurture, and retain top talent to maintain our high service quality and exceptional customer experience.
- Aiming to expand our clientele both domestically and globally, we target the underserved urban and rural markets in India by partnering with state governments and gram panchayats across various regions.
- Ensuring efficiency and optimal resource use.
- The ever-changing technological changes in the industry heavily affect our business.
- Our Company, its Directors, its Promoters and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make us liable to liabilities/penalties and may adversely affect our reputation, business and financial status.
- Our lenders have charge over our movable, immovable properties in respect of finance availed by us.
- Our sales to government departments and agencies expose us to business volatility and risks, including government budgeting cycles and appropriations.
- We have experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect our cash flow requirements, which in turn may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
- Delay in Receivables from Government Contracts and Capital Blocking in form of mandatory deposits.