1. OVERVIEW
Aurionpro Solutions Limited ("Aurionpro") financial
statements have been prepared in accordance with Indian Accounting Standards ("Ind
AS"), as prescribed under section 133 of the Companies Act, 2013 ("the
Act"), read with the Companies (Indian Accounting Standards) Rules, 2015, as amended
from time to time, and other provisions of the Act to the extent notified and applicable.
The management of Aurionpro accepts responsibility for the objectivity and integrity of
these financial statements, as well as for the various estimates and judgments used
therein. The estimates and judgments relating to the financial statements have been made
on a prudent and reasonable basis to ensure that the financial statements reflect the
state of affairs in a true and fair manner. The management of Aurionpro is committed to
continuously improving the level of transparency and disclosure. Accordingly, an attempt
has been made to fully and comprehensively disclose information about the company, its
business, operations, outlook, risks, and financial condition. The forward-looking
statements contained herein are subject to certain risks and uncertainties, including, but
not limited to, the risks inherent in the companys growth strategy, dependency on
strategic clients, and reliance on the availability of qualified technical personnel,
among other factors discussed in this report. Readers are cautioned not to place undue
reliance on these forward-looking statements, as they reflect Aurionpro managements
analysis only as of the date hereof.
2. ECONOMIC OUTLOOK
The global recovery is slowing amid widening divergences among economic
sectors and regions.
Global growth is projected to fall from an estimated 3.5 percent in
2022 to 3.0 percent in both 2023 and 2024. While the forecast for 2023 is modestly higher
than predicted in the April 2023 World Economic Outlook (WEO), it remains weak by
historical standards. The rise in central bank policy rates to fight inflation continues
to weigh on economic activity. Global headline inflation is expected to fall from 8.7
percent in 2022 to 6.8 percent in 2023 and 5.2 percent in 2024. Underlying (core)
inflation is projected to decline further gradually, and forecasts for inflation in 2024
have been revised upward.
The recent resolution of the US debt ceiling standoff and, earlier this
year, strong action by authorities to contain turbulence in the US and Swiss banking
reduced the immediate risks of financial sector turmoil. This moderated the adverse risks
to the outlook. However, the balance of risks to global growth remains tilted to the
downside. Inflation could remain high and even rise if further shocks occur, including
those from an intensification of the war in Ukraine and extreme weather-related events,
triggering more restrictive monetary policy. Financial sector turbulence could resume as
markets adjust to further policy tightening by central banks. Chinas recovery could slow,
in part as a result of unresolved real estate problems and negative cross-border
spillovers. Sovereign debt distress could spread to a wider group of economies. On the
upside, inflation could fall faster than expected, reducing the need for tight monetary
policy, and domestic demand could again prove more resilient.
In most economies, the priority remains achieving sustained
disinflation while ensuring financial stability. Therefore, central banks should remain
focused on restoring price stability and strengthening financial supervision and risk
monitoring. If market strains materialize, countries should provide liquidity promptly
while mitigating the possibility of moral hazard. They should also build fiscal buffers,
with the composition of fiscal adjustment ensuring targeted support for the most
vulnerable. Improvements to the supply side of the economy would facilitate fiscal
consolidation and a smoother decline in inflation toward target levels.
3. INDUSTRY STRUCTURE AND DEVELOPMENTS
The global information technology market grew from S8179.48 billion in
2022 to S8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The
Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19
pandemic, at least in the short term. The war between these two countries has led to
economic sanctions on multiple countries, a surge in commodity prices, and supply chain
disruptions, causing inflation across goods and services and affecting many markets across
the globe. The information technology market is expected to grow to $11995.97 billion in
2027 at a CAGR of7.9%.
An uncertain economy-highlighted by high inflation and increased cost
of lending—will force banks to pivot to build momentum and provide high-quality
customer experiences in 2023. To stay on top of industry trends, banks must find ways to
meet their customers where they are, with precisely what they need, at the right time.
Its also more urgent than ever that banks find ways to meet these needs efficiently and
in ways that manage risk. By using data and technology, fintechs are challenging the
traditional business model of commercial lending with differentiated offerings and
services. The next-gen banking transformation is to be led by Corporate Banking;
Traditional Transaction Banks will face competition with services that fall underthe
wholesale transaction banking umbrella, including domestic and cross-border payments, cash
management, and supply chain and trade finance. (Source: https://www.bcg.
com/publications/2022/bcg-global-payments-report-2022);
Manual processes still exist in the lending life cycle despite new
technology rollouts. Even today, 30 to 40 percent of lending resources time is spent on
noncore, automatable tasks due to disaggregated systems and manual tasks. The high degree
of manual effort is driven by inefficient processes and inaction around improvement
opportunities (including digitization). Fintechs are working hard to affect banking
through digitization, with the promise of better client experiences and faster decisions
at a lower cost. Commercial lending is no exception to this disruption. According to
Research Dive, the Global Commercial Lending Market is expected to generate a revenue of
$27,406.6 billion and grow at a striking CAGR of 14.4% overthe forecast period of
2021-2028.
The global Smart Ticketing market size is forecast to reach USD 40.16
billion by 2032, growing at an annual compound growth rate (CAGR) of 14.5% from 2022 to
2032. North America and Asia Pacific are rapidly growing markets in these segments, and
Aurionpro, as an integrated player with key wins, has secured key wins in these regions.
The Global Data Centre Market is projected to exceed $ 500 billion in
2030, growing at a CAGR of 10.5%. Indias share in the global DC market is rising with the
increased digitization of the economy.
Digital India: India is one of the largest and fast-growing markets in
the world with reference to digitization. Indias digital economy is expected to grow 10X
over the next decade.
4. SEGMENT-WISE OFFERINGS AND PERFORMANCE
At Aurionpro, we provide world-class advanced technology solutions that
help enterprises accelerate Digital Innovation - securely and efficiently. We are
"One Platform", guiding businesses to ADAPT to a new paradigm in Digital
Transformation across Banking, Transportation, Logistics, and Government sectors.
Our offerings are described below:
a. Banking and Fintech:
Our digital solutions are designed to improve processes and automate
manual activities, allowing teams to concentrate on building better experiences for
customers.
• Retail Banking:
In retail banking, we have powerfully built solutions connecting every
aspect of retail banking and customer touchpoints - from branches to kiosks. Aurionpro
offers an array of branch transformation solutions, including Queue Management systems,
Self-Service Terminals, Customer Feedback Systems & Digital Signage Solutions to
banks, and now this expertise is being leveraged by other verticals such as airlines,
telecom, and retail outlets.
• Wholesale Banking:
Aurionpro has a streamlined Corporate Banking practice driven by
solutions that optimize processes in Transaction Banking and management of Credit Risks
• iCashpro+, an Integrated Transaction Banking Platform that
considers the digital transformation trend to deliver an optimal digital transaction
banking solution for regional and superregional banks, benchmarked to handle 5 million
transactions per hourwith more than 6,000 concurrent users.
• SmartLender, is a platform that provides an end-to-end
comprehensive credit risk management solution that boosts productivity, improves credit
quality, and lowers operational risks. SmartLender is a market leader in Southeast Asia
serving top banks in Singapore, Malaysia, Thailand, and Vietnam.
• FXConnect, a Real-Time FX Branch Transaction Platform that has
enabled HDFC Bank FX Branchs business for corporate and retail customers with various
inward and outward product flavours by bridging the gap between FX Treasury and Core
Banking System.
AuroPay & AuroPaybiz- One stop-shop to manage payments; a trusted
partner to solve business payment problems, while you focus on your business, providing
personalised experience for your customers for faster receivables.
• Aurionpro Market Systems is one of the leading Murex Business
Partners. With immense experience, we offer end- to-end services from installation to
upgradation of projects for financial institutions, addressing their Capital markets,
Treasury, Risk management, and Regulatory needs.
b. Technology Innovation Group
Smart Mobility: Innovative mobility solutions by our team of mobility
experts are redefining the future of transit systems, simplifying the lives of citizens
and government functions. To this end, we leverage an open loop methodology, providing
greater flexibility and streamlining transit ticketing, their payments, visibility of
fleets, eased tracking, route planners, department management, etc.
Data Centre and Hybrid Cloud Services: Aurionpro has also ventured into
Data Centre building, consulting and hybrid cloud services in recent years and has built a
strong team of industry veterans with over 20 years of experience in the field for this
purpose. Aurionpro
has also signed up with some customers to provide consulting and
assistance for the rollout of 100 MW data centres within the next few years. Further,
Aurionpro is also providing consultancy to the other industry leaders on Data Centre
designs and implementation. Recently, Aurionpro has also signed some key partnerships in
this segment, which will boost our position and best place us to tap immense opportunities
in this segment.
Smart City: Recognizing huge opportunities in digital solutions around
our current offerings, we have combined smart city, smart mobility, and data center
offerings under a single SBU Tech Innovation Group (TIG). Aurionpro has been at the
forefront of smart cities and mobility initiatives across the globe. We work closely with
governments to implement Digital Urban Infrastructures that can help citizens realize
their aspirations using a combination of disruptive technologies backed by a strong
service network. We believe that our vision of Smart Cities enabled, powered, and
integrated by Digital Future has the ability to touch and alter the lives of countless
residents by providing a safer, more convenient, and desirable environment.
Aurobees: Next-gen Supply Chain Platform: Aurionpro also launched
Aurobees, an innovative and integrated digitization, fulfilment and financing platform,
focused on helping small and medium enterprises (SMEs) transform their businesses for the
digital economy.
5. OPPORTUNITIES AND THREATS
The monumental challenges we face today, from COVID-19 (coronavirus) to
the war in Ukraine, have reminded us that throughout history, turbulent times are often
accompanied by innovation. The technology-enabled innovation in financial
services—known as fintech— is one such example, accelerating rapidly as pandemic
shutdowns amplified its importance for maintaining business activity and financial
services during a time of social distancing.
Every day, headlines attest to the seismic shifts that fintech is
bringing to the financial services industry, driven by a dramatic expansion of internet
access and smartphone use, combined with lower-cost computing and data storage. As
financial products, payments, and business models evolve—even the concept of money
itself—so too do market players and the structures of the markets in which they
compete. Large telecommunications and information technology companies, retail chains, and
small start-up companies are joining traditional banks and nonfinancial institutions in
providing services.
Digital financial services can play a significant role in maintaining
active credit markets to support a resilient and inclusive recovery, leveraging data,
analytics, and new business models such as embedded finance. They can also create new
opportunities to make the global financial system more efficient and inclusive by
overcoming geographic and physical obstacles to services and by making information more
widely available to consumers and providers.
Aurionpro has re-invented itself with changing times and has positioned
itself as a leading player catering to the Banking and Fintech industry with an arena of
IP-based offerings. Aurionpro, through constant technological innovations, has also
diversified into newer businesses such as Smart City and Smart Mobility, data centre
consulting, etc. Being banking and fintech leaders in Asia, we will continue to innovate
to launch newer products that will consolidate and strengthen our market position. The
company will also be making inroads into hitherto untrodden geographies. Aurionpro is also
the preferred partner for governments in the smart city segment, which is poised for
tremendous growth in the coming years. Aurionpro partnered with Webwerks to successfully
operationalise Tier 3 data centres (DC) in Navi Mumbai, Hyderabad, and Bangalore this
year. Aurionpro is supporting Webwerks with DC Design, Consultancy, Master Planning and
also DC turnkey build in these projects.
The Smart Transportation Market is expected to undergo significant
growth from 2023 to 2028, driven by the growing demand for various types (Ticketing
Management System, Parking Management System, Integrated Supervision System, Traffic
Management System) and applications (airways, roadways, railways). The markets growth
will be fueled by factors such as size, segmentations, emerging trends, sales volume, and
the dynamics of demand and supply. Additionally, the increasing adoption of advanced
technologies and investments in research and development activities are expected to create
lucrative opportunities for the markets progress. Aurionpro, with its robust IP-based
solutions in the Automated Fare Collection (AFC) space, coupled with the strategic
acquisition of SC Soft and ATASPL, has established itself as the only integrated player in
the market. In 2022-23, the successful go-live of the "loT-based Integrated Bus
Ticketing System" for the Uttar Pradesh State Road Transport Corporation (UPSRTC) was
a feather in the Companys cap. With the right partnerships and key wins in some large
geographies, Aurionpro is foreseeing healthy gains in this segment. Data centre is another
upcoming business with huge growth potential. Aurionpro has built a strong team of skilled
and experienced resources, which is expected to drive our future growth in this business.
Overall, with strong financial performance, a healthy balance sheet,
and key order wins in recent businesses, Aurionpro is geared to witness a strong growth
phase going forward.
6. RISKS AND CONCERNS
The risk of economic recession continues to impact almost all
industries, and tech has not been spared, despite the postpandemic boom. The concerns
about recession driving other macro risks resonate throughout our analysts primary
concerns, such as emerging markets pain, tech earnings retreats, and Chinas recovery
path.
In 2022, we also saw an escalation of tensions in the United
States-China rivalry. Most prominently, sanctions by US authorities against Chinas
fledging semiconductor industry are likely to hold back growth in this strategically
important sector, with deep and long-lasting ramifications in China and beyond. Any of
these have the potential to plunge the countries into deeper conflicts, but from our point
of view, the fragmentation of the global system into potentially two standards is the
most serious threat for the tech industry, as innovation will slow while costs go up.
Emerging market pain: The post-pandemic boom is absent in emerging
markets, resulting in a notable drop in living standards. A strong US dollar, a lack of
inward investments, deteriorating fiscal and monetary positions, and continued volatility
in energy and food supplies will hamper emerging markets growth potential.
Tech earnings retreat: Big Tech hired too many workers and took on too
many poorly thought-out projects. Now, the withdrawal of easy money is harshly exposing
the less robust companies. Sectors exposed to geopolitical tensions, regulatory scrutiny,
and business models accused of brewing social ills will be most under pressure.
Cybersecurity: The pandemic and the war in Ukraine ushered in a period
of persistent and high-profile cyberattacks, which will continue to pose grave risks to
businesses and institutions in the coming years. There is a sense that defenders struggle
to catch up with the attackers, who are richly resourced and operate nimbly, with some
backed by malevolent state actors.
Supply chain ‘reshoring not living up to expectations: Talk of
building a domestic and resilient supply chain continues to gain traction, but the
global recessionary environment, the nature of economic principles, and logistical
realities pose daunting challenges for those looking to move established supply chains
home.
Aurionpro keeps investing in future technologies and enhancement to its
offerings, which would dominate the markets. The success of such offerings would largely
depend on the ability of Aurionpro to position itself correctly in the market and its
focused marketing approach. Aurionpro understands this and adopts the right marketing and
promotion activities to educate and apprise the market about Aurionpros innovations.
Attracting and retaining talent is critical for any organization.
Aurionpros success depends upon its ability to attract and retain highly skilled
resources and managers. The loss of key resources, especially to competitors, could
materially impact our business. We adopt a risk-reward model for all our top management
and managers, thereby creating additional incentives for them to drive the Companys
objectives forward.
The meeting of the customers and markets expectations is the key
challenge for any organization and in order to meet this challenge, companies will have to
keep investing in their offerings and keep upgrading them as per customer needs and market
trends. All the industry players face this challenge. Aurionpro constantly invests in
newer technologies and innovations in order to improve the performance of its offerings
and the customer experience.
Below are some specific risks that we face at Aurionpro and how we have
mitigated them:
• IT services business cant sustain its margins long term—At
Aurionpro we have centered our business around differentiated IP assets
• Single product business will be high risk, with lumpy revenue
stream—At Aurionpro, we have built a portfolio of multiple IP Assets
• Single sector business will be too exposed to
cyclicality—At Aurionpro, we have expanded our IP portfolio to un-corelated sectors
where possible
• Expanding across the value chain is crucial to create
competitive advantage—At Aurionpro, we have executed strategic vertical integration
across the value chain
7. RESEARCH AND DEVELOPMENTS
We are focussed at stepping up our R&D investments to capitalize on
the immense growth opportunities for our products that come with planned market expansion
as well as offering expansions. Aurionpro has also built a string of skilled resources
focused on research and development. Our R&D teams had an exceptional year with a slew
of new product launches across all segments. As we go further, we will continue our focus
on driving a large part of
the reinvested capital into enhancing our R&D spend, as well as
continuing to invest in expanding capacity to meet the demand from new markets and
adjacencies in the value chain.
8. FUTURE OUTLOOK
We have started this year with an excellent performance after two
consecutive years of high growth. The performance of FY 23 has exceeded our projections.
The momentum is expected to accelerate going forward on the back of a growing pipeline and
a strong order book. We are witnessing a strong demand environment in the market for all
our core offerings. We are still in the very early stages of tapping into a large global
addressable market for each of our strategic bets, and we will remain sharply focused on
executing with energy and discipline to continue to deliver strong revenue and profit
growth in FY24 and beyond.
The IT Industry to Grow Further During 2023
Worldwide IT spending is projected to be S4.6 trillion in 2023, an
increase of 5.1 percent from 2022, according to the latest forecast by Gartner. The demand
for IT in 2023 is expected to be very strong as enterprises push forward with digital
business initiatives in response to economic turmoil.
One must be wondering: if the major industry outputs are expected to
shrink by an average of 15-20 percent in 2023, how come the global IT industry spend can
grow at 5.1 percent? Well, the simple reason is in the last two years post-COVID, every
company and industry has already realized the value of digital, and there are no doubts
about not funding it or ignoring it. The guestion is not about not doing digital, but
rather how to fund the digital projects. Most of the digital projects are likely to get
funded through the freezing of investment on non-strategic projects and the closure of
non-strategic initiatives during 2023. Heading into 2023, the signs of progress that
appeared overthe past yearcontinue to blossom. The organizations that have made it through
recent and ongoing turmoil are using their newfound resilience as a springboard into the
future.
1. Cloud Initiatives will gain further momentum in 2023. It
will serve the dual purposes of business agility and cost
rationalization for organizations. Discretionary spending will either vanish or will
string to skeleton mode during the first half of 2023.
2. Artificial Intelligence (Al) Initiatives are likely to grow during
2023 to target new products, pricing optimization, channel efficiency, promotional
effectiveness, and new customer targeting in the recessionary environment. Most of Al
projects will be centered around the monetization of data themes. However, the ticket or
deal size of Al initiatives is expected to be small to moderate in size.
3. Automation Theme will pick up steam once again during 2023, which is
good news for the vendors operating in this space. The RPA or hyperautomation projects
will get further ammunition during 2023. While digital cannot address or reverse the
macro-economic challenges, it can definitely bring agility, momentum and push the growth
agenda for every business in every industry.
4. Customer Engagement and Service-driven initiatives using platform
re/engineering and modern architecture are likely to be the only exception that will get
fresh funding amid the uncertain environment.
5. Cybersecurity will automatically get attention due to higher
Cloud adoption. Cloud, Artificial intelligence, Platform Engineering,
Automation, and Cybersecurity are going to be the five technology focus pillars for the
majority of the companies during 2023.
Attritions, Higher Wages and Skill Shortage Trends Likely to Remain
Same
The cost optimization will give further push to outsourcing during 2023
due to cost pressure, which is good news for IT vendors. Europe, which will be impacted
the most due to economic volatility and geo-political conditions, is likely to explore
outsourcing routes more than other economies. The cost of growing labor will continue to
daunt the IT players during 2023 as well, and the higher attrition trends will more or
less remain the same. The shortage of in-demand skills across the IT industry will remain
a challenge during 2023.
For IT industry players, the technology themes focus on areas and
challenges for 2023 are not very different from this year. In a way, it is good news as IT
companies need not change their course and strategy dramatically even during these
turbulent conditions. Strategic execution is going to be the differentiator as well as a
competitive advantage for a majority of IT companies during 2023.
DISCUSSION ON CONSLIDATED FINANCIAL PERFORMANCE WITH RESPECT TO
OPERATIONAL PERFORMANCE Revenue from operations
Our revenues are derived from Sale of Software Services & Sale of
eguipment and product license. During the year, the total revenue from operations
(consolidated) was 65,933.16 Lakhs against 50,501.22 Lakhs for the previous year.
Operating and other expense
The operating and other expenses comprise of Software licenses and
material costs, Administration and other general functions, travelling, communication,
legal and professional charges, rent, repairs and maintenance, recruitment and training
and other allocated infrastructure expenses.
During the year, the operating and other expense were 29,474.80 lakhs
as against 21,768.52 lakhs in the previous year.
Employee Benefit Expenses
During the year, the Employee Cost was 21,953.81 lakhs as againstRs
17,595.03 Lakhs in the previous year.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
excluding other income.
During the year, our operating Profit was 14,504.55 Lakhs as
againstRs 11,158.56 forthe previous year.
Depreciation and amortisation expense
The depreciation and amortisation on Property Plant & Eguipment
(PPE), Other Intangible Assets and Right to Use Assets was 1,585.00 Lakhs for the year
as against 1,397.91 Lakhs during the previous year. As percentage of revenue, it was 2%
and 3% for the year and previous year respectively.
Other Income
Other Income primarily consists of interest income, dividend income,
Foreign exchange fluctuation gain, Rental income and other miscellaneous income. Other
income for the year was 433.19 Lakhs compared toRs 509.77 Lakhs forthe previous year.
Tax expense
Current tax expense was 2,269.66 Lakhs as against 1,818.56
Lakhs for the previous year and Deferred tax charge/(Credit) was
(226.03 lakhs) as against Deferred tax charge of 89.75 lakhs for the previous year.
Profit before tax (PBT)
Net Profit before tax from Operations for the year was 12,232.20
Lakhs, i.e.19 %of revenue,9,465.69 Lakhs, i.e.19 % of Revenue for the previous year.
Profit after tax (PAT)
Net Profit after tax for the year was 10,188.57 Lakhs, i.e. 15% of
revenue, 7,557.38 Lakhs, i.e. 15% of revenue for the previous year.
Other Equity
Other Equity as at 31st March 2023 Increased to47,492.40 Lakhs as
compared with 37,406.85 Lakhs as at31st March 2022.
Short-term and long-term borrowing
The total short-term and long-term borrowing as at 31st March 2023 was
7,463.72 Lakhs as against 5,729.65 Lakhs as at 31st March 2022.
Trade Payable and other current liabilities
The total Trade Payable and other current liabilities (financial and
Non Financials) increased by 6,270.19 Lakhs from 15,515.21
lakhs on 31st March 2022 to 21,785.40 Lakhs on 31st March 2023.
PPE, Other Intangible Assets and capital work in progress
The Net Block of PPE, Other Intangible Assets and capital work in
progress Increased by 3,211.03 Lakhs from 8,593.64 Lakhs as on 31st March 2022 to
11,804.67 Lakhs on 31st March 2023.
Other Non-Current Assets (Financials and Non Financials)
There was an increase in Long-term loans and advances from 1,910.26
Lakhs on 31st March 2022 to 2,245.23 Lakhs on 31st March 2023.
Trade receivables
Trade receivables as on 31st March 2023 was 19,939.50 Lakhs against
13,036.72 Lakhs on 31st March 2022. In the opinion of management, all the Trade
receivables are good, recoverable and necessary provision has been made for debts
considered to be bad and doubtful. The level of receivables is normal and is in tune with
business requirements and trends.
Cash and cash equivalents
The cash and bank balances lying with the company as on 31st March 2023
were 2,402.12 lakhs as against 4,044.12 lakhs in the previous year.
| Key Financial Ratio: |
| Sr. No. 1 |
Consolidated Ratio |
31st March, 2023 |
31st March, 2022 |
Reasoning as per Financials |
|
Debtors Turnover Ratio |
4.00 |
4.33 |
Decrease is mainly because the proportion of increase in
revenue is less than increase in receivable from Operation. |
| 2 |
Current Ratio |
1.98 |
2.11 |
Reduction due to increase in Current Liabilities |
| 3 |
Debt Equity Ratio |
0.14 |
0.14 |
There is no significant change. |
| 4 |
Interest Coverage Ratio |
16.2 |
16.6 |
There is no significant change. |
| 5 |
Operating profit margin |
29.1% |
28.6% |
Increase is mainly because the operating profit in current
financial year as compare to previous year |
| 6 |
Net Profit Margin |
15% |
15% |
There is no significant change. |
| 7 |
Inventory Turnover Ratio |
6.25 |
4.94 |
Increase is mainly because the proportion of increase in cost
of goods sold is more than increase in average inventory |
| 8 |
Return on Net Worth (RONW) |
19.8% |
19.0% |
Increase is mainly because the net profit after tax in
current financial year as compare to previous year. |
9. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Directors Report section in the Annual Report discusses the
adequacy of our internal control system and procedures.
10. MATERIAL DEVELOPMENTS IN HUMAN RESOUCES / INDUSTRIAL RELATIONS
FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED:
The Employees are critical assets for the company, over a period
Aurionpro has built a strong team consisting if domain experts. Our personnel policies are
focused on creating an environment which will derive best returns for the organisation as
well as the concerned employees. The company has strengthened its workforce by employing
more than 2000+ employees at group level.
Conclusion
Digital will continue to drive the IT industry agenda for 2023.
Companies must holistically assess their weaknesses and strengthen their digital and
governance capabilities. Cloud, Artificial intelligence, Platform Engineering, Automation,
and Cybersecurity will drive the agenda for many CXOs globally. Strategic execution
becomes very critical in an uncertain environment where attrition, inflation, skill
shortages, higher wages, and shrinking demand are inevitable.
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