Ksolves India Ltd Management Discussions

The management discussion and analysis present the industry overview, opportunities and threats, initiatives by the Company and overall strategy of becoming a market driven Service Provider of a range of offerings. The company is very optimistic of capturing a substantial share of global and domestic market in the midst of the threats faced due to the liberalization and increased competition from well established companies from India and abroad.

1. INDUSTRY OVERVIEW

FY 2025-26 marks a pivotal phase for the Indian IT/ITeS sector as it continues to reinforce its global leadership in digital transformation, AI-led innovation, and advanced technology services. The global IT services market is projected to reach USD 1.73 trillion in 2025, up 9% from USD 1.59 trillion in 2024, according to Gartner, making IT services the largest segment of worldwide IT spending. This growth is propelled by accelerated enterprise adoption of Artificial Intelligence (AI), cloud computing, and IoT, with overall worldwide IT spending expected to total USD 5.61 trillion in 2025, a 9.8% increase from the previous year.

As global markets stabilized in 2024, technology spending gained momentum, registering a 10.8% increase, primarily fueled by hardware and software investments, while IT services growth remained flat at 4.7%. Despite uncertainties stemming from elections across multiple regions, FY25 is set to reinforce the industrys position as a global technology and innovation hub, showcasing continued resilience.

Despite these macroeconomic headwinds, the IT sector exhibited remarkable resilience and adaptability. Enterprises worldwide accelerated their digital transformation journeys, seeking to enhance agility and competitiveness through the adoption of advanced technologies. Artificial Intelligence (AI), cloud computing, and data analytics became pivotal enablers, empowering businesses to navigate complexity and uncertainty. The IT services industry, in particular, experienced a period of transformation, with AI-led delivery, cloud-native solutions, and cybersecurity emerging as key growth drivers. Engineering, Research & Development (ER&D) and the Global Capability Center (GCC) landscape also opened new avenues for innovation and value creation.

Global economic growth is expected to moderate amid rising geopolitical tensions and trade disruptions. Strategic policy coordination will be essential to balance inflation control with support for investment and consumption. Sustained growth will depend on reinforcing supply chain resilience, advancing structural reforms, and promoting technological innovation. Fiscal discipline, alongside targeted public spending in defense, climate action, and infrastructure, will help economies navigate near-term challenges. Strengthening labor markets, fostering skill development, and encouraging international cooperation to reduce trade barriers will be key to fostering inclusive and stable global progress in the years ahead.

The US economy remained resilient through 2024, supported by robust domestic demand driven by private consumption. However, growth is expected to slow in 2025 as the effects of trade tensions and tighter monetary conditions start to weigh on business investment and household spending. Rising tariffs on key imports are adding to price pressures, with inflation proving more persistent than anticipated, particularly in services. Although wage growth has remained strong, signs of easing in the labor market are emerging. The Federal Reserve is expected to maintain a cautious stance, with policy rates likely to hold steady through most of 2025, as they balance moderating growth against lingering inflation concerns.

India

Indias economy continues to demonstrate strong momentum and is projected to remain one of the fastest-growing major economies in 2025 and 2026. Despite global economic headwinds, Indias growth trajectory remains robust, driven by strong domestic demand, sustained public infrastructure investment, and a resilient services sector. However, external risks persist due to weaker global trade, tighter financial conditions, and geopolitical uncertainties. On the domestic front, food inflation remains a concern, particularly due to weather-related risks impacting agriculture. Fiscal policy remains disciplined, with continued investment in infrastructure, digital innovation, and employment generation. The manufacturing sector is expected to benefit from policy incentives and global supply chain shifts, while the services industry, particularly IT and financial services, continues to expand at a healthy pace. Consumer sentiment remains stable, aided by rising urban wages, expanding financial inclusion, and robust digital transformation.

India is expected to sustain steady growth, supported by strong investment, domestic demand, and policy-driven industrial expansion. However, global geopolitical tensions, commodity price volatility, and external trade softness could pose risks. Easing inflation should create space for gradual monetary support, ensuring a balance between growth and price stability. Key challenges include enhancing job creation, improving labor market participation, and addressing skill mismatches in a rapidly evolving economy. Opportunities from global supply chain diversification, green energy investments, and technological advancements will drive long-term resilience. Continued structural reforms in taxation, labor, and trade policies will be crucial for sustaining competitiveness and achieving long-term development goals.

The Indian IT industrys revenue is expected to reach USD 283 Billion, growing 5.1% Y-o-Y, and adding USD 14 Billion over the previous year, reflecting resilient growth in FY25. Exports are projected to reach USD 224 Billion, 4.6% Y-o-Y growth, surpassing the USD 200 Billion milestone, while the domestic technology sector is poised to reach USD 58.2 Billion, growing at 7.0% Y-o-Y.

The NASSCOM Annual Enterprise CXO Survey 2025 highlights a shift toward AI-driven digital transformation, with organizations increasingly consolidating technology investments into high-impact use cases that are expected to define the next five years. About 82% of CXOs plan to increase digital spending by 5%+ compared to CY24. Looking ahead, technology providers anticipate stronger growth in FY26, with 77% expecting higher technology spending, fueled by foundational digital scope, emerging markets, and AIled innovation. However, cautious optimism prevails as AI-driven service transformation, skill shortages, cybersecurity risks, and margin pressures remain key challenges. Additionally, geopolitical uncertainties and trade policy shifts continue to influence market dynamics.

2. SUMMARY OF OUR BUSINESS

Ksolves India Limited is a globally trusted IT services and solutions provider with over 13 years of proven expertise in driving digital transformation across industries. Headquartered in India and publicly listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), Ksolves brings together innovation, scalability, and reliability to deliver future-ready solutions tailored to evolving business needs. With offices in India, the USA, and the UAE, we serve clients across 30+ countries, helping enterprises accelerate growth, improve efficiency, and strengthen their competitive edge. Supported by 565+ skilled professionals, Ksolves has expanded its offices in Noida and Pune and recently established a new office in Dubai, which is strengthening its global presence as a trusted partner for digital innovation.

Backed by a proven legacy of delivering business-focused technology solutions, we are well-positioned to continue our journey as a trusted partner for digital innovation worldwide. To guarantee uncompromising quality in every engagement, Ksolves is CMMI Level 3 certified and adheres to globally recognized ISO standards, underscoring our commitment to delivering secure, reliable, and high-performing solutions. Recognized by the Deloitte Technology Fast 50 India 2024, Dun & Bradstreet Recognition-Leading SMEs of India 2024, and the NASSCOM Impact Award-Growth Leadership in Tech Products & Platforms (B2B) 2025, Ksolves continues to build lasting partnerships by combining creativity, technology, and business strategy.

Expertise Across Industries

We specialize in next-generation digital services spanning Artificial Intelligence, Machine Learning, Big Data, Salesforce, Cloud Computing, Odoo, Digital Transformation, Data Analytics, and DevOps. From Healthcare, BFSI, and EdTech to Retail,

Logistics, Real Estate, Telecom, and Life Sciences, we empower organizations with transformative solutions that address complex business challenges. Over the years, Ksolves has built impactful, industry-specific applications, including healthcare record management systems, IDX/MLS-integrated real estate solutions, ERP and e-commerce modernization, location-based taxi booking apps, and CRM platforms powered by Salesforce. Each solution embodies our philosophy of blending creativity, innovation, and business strategy to deliver cost-effective, scalable services that allow clients to focus on their core strengths while we manage their technology transformation.

Flagship Products & Innovation

Alongside our custom IT solutions, Ksolves has developed a range of AI-driven flagship products that are redefining enterprise technology. Our portfolio includes Dashboard Ninja, Data Flow Manager, SMS Ninja, Mind AI Ninja , and specialized applications for Big Data, Salesforce, and Odoo ecosystems. These innovations empower organizations with real-time insights, automation, enhanced security, and seamless integrations, ensuring measurable impact across operations. Designed to accelerate decision-making and drive operational excellence, our products embody our vision of delivering technology that works smarter for businesses.

Future-Focused Growth

Looking ahead, Ksolves is investing significantly in next-generation technologies such as Generative AI, Apache NiFi, and Apache Kafka to power enterprises of the future. By integrating intelligent automation, scalable architectures, and advanced analytics, we are equipping businesses with the tools to thrive in an increasingly digital-first world.

Conclusion

Ksolves leverages its expertise, skilled talent, and innovation-driven approach to deliver measurable business growth and outcomes. By combining technology with efficiency and scalability, we enable enterprises to accelerate digital transformation with confidence. With a growing global presence, our vision is to help businesses embrace change, unlock opportunities, and shape a future defined by intelligence, resilience, and sustainable success.

KSOLVES

^ Emerging Ahead Always

Quick Facts

13 +	150 +	85 %
Years Of Service	Happy Clients	Revenue by Repeat Custome
565 +	30 +	53 %
Employees	Countries Served	Top 10 Client Contribution

Alliances & Partnerships

We have matured partnerships with top names like Salesforce, Odoo, Adobe and RedHat. We share a strong symbiotic relation with our partners and we create innovative solutions for our customers.

High End and Niche Technology Verticals

Ksolves has got a strong presence and highly skilled workforce in high end and niche technology verticals like Big Data, Machine Learning, Artificial Intelligence, Salesforce, Odoo, DevOps, Penetration Testing, etc. We are committed to invest heavily in developing new skills into these and the emerging technology verticals and be ahead of the competition.

3. OPPORTUNITIES AND THREATS

We have long-standing relationships with our customers across the world. This is, in part, due to the high criticality of our product & services and technical knowhow to many of our customers business needs. We establish long-term relationships with our customers for multi-layered engagement with various departments and divisions of the customers organizations. Our broad range of product and services offerings helps us to cross-sell to our existing customers as well as to acquire new customers. We also conduct regular senior management reviews with our key customers to engage with them for feedback and future opportunities.

We combine our comprehensive range of product and service offerings with industry-specific expertise to provide tailored solutions to our customers across business verticals, industries and geographies. Our commitment to customer satisfaction enables us to strengthen our relationships.

We offer direct support to our customers and channel partners through a large global support and implementation team resulting in a quick turn-around and resolution to issues. Specialized center of excellence teams have been set up for certain products and solutions to guide and train both implementation partners and customers on best practices for effective and quick implementations.

Experienced Promoters and Management Exp ertise

Our Company is promoted by Mr. Ratan Kumar Srivastava and Mrs. Deepali Verma who individually have more than 20 years of experience respectively. Having gained experience and worked with technology companies like Tech Mahindra, Birlasoft (India) Limited, HSBC and Persistent Systems, Mr. Ratan Kumar Srivastava ideated the incorporation of Ksolves in the year 2014. He was aided by Mrs. Deepali Verma who has vast experience in setting up business and handling overall finances further, our board of directors are supported by a team of well experienced and qualified personnel. We believe that our management teams experience and their understanding of the IT industry, specifically in the Real Estate, E-commerce, Finance, Telecom and Healthcare industry will enable us to continue to take advantage of both current and future market opportunities. It is also expected to help us in addressing and mitigating various risks inherent in our business.

Diversified revenue from multiple geographies

Ksolves derives revenues from a well-diversified global client base spanning North America, Europe, the Middle East, Australia, and India. This geographical spread reduces concentration risk, enables us to tap into region-specific digital priorities, and ensures that our business model remains resilient against localized demand fluctuations. Global delivery also keeps us closely aligned with the latest technology shifts, strengthening our ability to deliver cutting-edge solutions.

Focused on driving inno vation

We are focused on driving innovation and adopting solutions in line with rapidly evolving technological trends. Our inherent culture of innovation has enabled us to develop a track record of product innovation, expand the range of our offerings and improve the delivery of our products and services. We have a dedicated team of skilled individuals with technical background and domain expertise in each of our industry verticals with a focus on evolving technologies. These teams follow a structured innovation and solutions development process and work with delivery functions to identify the key concerns of our customers and generate solutions, ideas and concepts to address such concerns.

We believe that our culture of innovation has enabled us to grow and retain our customer relationships and successfully achieve process and productivity improvement for our customers. This has enabled us to continuously expand and diversify our product and service offerings, as well as to maintain our competitiveness.

Diversified business acr oss several industrial verticals

Our customers have used our platform to build diverse applications in many sectors. As of March 31, 2025, applications and software were built on our platform in different industrial verticals. We possess multi-vertical industry expertise and target a broad spectrum of services in our business and product offerings. This has helped us build solution frameworks which are enriched with domain knowledge from the relevant sector and subject matter experts across several industries. These frameworks have been built on our platform and are scalable and adaptable based on a particular customers unique and constantly evolving business needs.

Scalable Business Model

Our business model is order driven, and comprises of optimum utilization of our existing resources, developing linkages with expertise of our development team and achieving consequent customer satisfaction. We believe that this business model has proved successful and scalable for us in the last few financial years. We can scale by venturing into different sectors where technologically advanced management is required and also by providing better products and solutions in the sectors that we already have presence in. The business scale generation is basically due to the development of new markets both international and domestic, innovation in the product range and by maintaining the consistent quality of the products and services.

^ Emerging Ahead Always

Risk Identification And Mitigation

Retaining top talent and individuals with specialized skills presents challenges for the company. Higher attrition rates can impact the overall cost of operations and harm the companys reputation. Nevertheless, these challenges have been addressed through our people-focused approach and HR policies. The company successfully managed attrition last year by implementing a range of measures.

The implementation of partial work from home arrangements presents potential challenges regarding productivity loss and associated risks in cybersecurity and data protection. The company is actively monitoring productivity issues and security concerns that may arise from the remote work setup. Appropriate policies are in effect to adapt to the evolving business and work models. The company has established systems and processes to address these challenges effectively. Additionally, continuous employee communication and change management efforts are in place to ensure a smooth transition and ongoing adaptation to the new work environment.

Businesses facing challenges and cost pressures may seek to negotiate for more competitive pricing, which can put additional strain on profit margins. Moreover, meeting customer demand within shorter lead times can result in higher resource costs, impacting profitability. Delayed fulfillment of orders can also lead to revenue loss. To mitigate these risks, cost optimization strategies such as cloud deployment, increased automation, offshoring, and adjusting the resource profile may need to be implemented, in consultation with the customer. The business will provide demand forecasts to facilitate proactive supply planning and ensure adequate resource fulfillment. Additionally, the company is leveraging a Hire-Train-Deploy model to address high-volume and new-age skill requirements, while also prioritizing the reskilling and upskilling of existing employees.

There are inherent risks associated with data theft, non-compliance with information security requirements, and cyber attacks. Unauthorized use or disclosure of employee, company, or customer data can result in breaches of customer contracts, regulatory fines/penalties, and damage to the companys reputation. To address these risks, the company has implemented data protection controls such as encryption and data leakage prevention, as well as deployed cyber security tools like firewalls and antivirus software to prevent cyber attacks and data exfiltration. User awareness and supplier risk management practices are rigorously enforced to ensure effective implementation of data security controls. The security controls are continuously monitored and thoroughly assessed. Additionally, the company has implemented mandatory trainings and comprehensive awareness measures throughout the employee life cycle to promote a strong security culture.

Our competition

We experience intense competition in our services and see a rapidly-changing marketplace with new competitors arising in new technology areas who are focused on agility, flexibility and innovation.

We typically compete with other players, global technology service providers in response to requests for proposals. Clients often cite our industry expertise, comprehensive end to-end service capability and solutions, ability to scale, digital capabilities, established platforms, superior quality and process execution, distributed agile global delivery model, experienced management team, talented professionals and track record as reasons for awarding us contracts.

In future, we expect intensified competition. In particular, we expect increased competition from firms that offer technology-based solutions to business problems and from firms incumbent in those market segments. Additionally, insourcing of technology services by the technology departments of our clients is another ongoing competitive threat.

4. BUSINESS RISKS AND CONCERNS

?€? Geopolitical & Macroeconomic Risks

Global trade tensions and tariff unpredictability pose demand risks, especially in key markets like the USA. Inflation and macro uncertainty continue to pressure enterprise tech investments.

?€? Cybersecurity & Thir d-Party Threats

Cyberattacks that breach our network may adversely affect and impact our operations or result in significant client SLA impact or penalties.

?€? Cloud & SaaS Risks

Misconfigurations, shadow IT, unmonitored SaaS proliferation, and cloud spend overruns can impact cost structure, data security, and compliance posture.

?€? Regulatory & Ethical Tech Use

Increasing regulations around data privacy intensify compliance complexity and cost.

?€? Talent & Workforce Dynamics

Competition for niche digital engineering skills (AI, cloud, data) remains intense. Balancing hybrid/office models for junior talent while ensuring utilization and delivery velocity is a critical challenge.

?€? Employee Retention Risk

Despite maintaining an attrition rate of ~16% in FY24-25, employee retention continues to be a business risk. Attrition at this level impacts cost, delivery continuity, and knowledge retention, making sustained focus on engagement and HR policies essential.

5. OUR BUSINESS STRATEGY

Ksolves India Limited continues to strengthen its position as one of the fastest-growing organizations in the IT services sector by implementing a forward-looking and comprehensive business strategy. Our approach is designed to balance predictable growth, operational efficiency, and innovation, while enabling us to deliver measurable value to clients across industries and geographies.

Transitioning to a Project-Based Sales Model

A key element of our strategy is the transition towards project-based, fixed-cost engagements. This shift enhances predictability, provides greater control, and reduces dependency on manpower fluctuations. Fixed-cost projects also allow us to align more closely with client expectations while ensuring long-term stability in revenues. Complementing this move is a strategic pipeline of large turnkey projects that provide clients the flexibility to scale resources as per their requirements. Our sales team, equipped with deeper industry knowledge and enhanced client engagement capabilities, is leading this transformation with confidence, ensuring stronger client relationships and repeat business opportunities.

While global economic factors such as tariffs and regional policy shifts influence conversion timelines, our sales cycle remains resilient. Seasonal slowdowns, especially during holiday months, are balanced by renewed momentum in subsequent quarters, allowing us to maintain steady growth throughout the year.

Strengthening Performance Marketing and Lead Generation

In parallel, we are making significant investments in performance marketing and lead generation to accelerate customer acquisition and expand global reach. Targeted Google and LinkedIn campaigns are driving enhanced brand visibility and engaging key decision-makers across industries. These efforts are reinforced by the development of data-driven, repeatable sales funnels that ensure a consistent flow of qualified leads, supporting both immediate business wins and long-term expansion.

Key Growth Drivers

Our growth strategy is supported by four critical drivers. First, increased utilization has enabled us to maximize resource efficiency, improving operating margins while ensuring delivery excellence. Second, we continue to make smart investments in building top-class teams, including onshore presence and client management resources, ensuring closer collaboration with our customers. Third, we are expanding our technology partnerships, which serve as quality assurance frameworks and enhance our credibility in front of existing and prospective clients. Finally, strong client relationships remain at the core of our growth. Our accountability-driven culture positions Ksolves not just as a vendor but as a trusted development partner, reflected in consistently high client satisfaction and repeat engagements.

Tech Partnerships

Continued focus on building on the technology partnership program as quality assurance frameworks.

Such partnerships add to the Companys credentials in front of existing and prospective clients.

Client Relationships

Clients appreciate the companys accountability culture and treats Ksolves as their development partner instead ofjust being a vendor, and that also gets reflected in relatively

high CSAT across engagements.

Driving Digital T ransformation

Digital transformation remains at the heart of our strategy. We are enabling clients to modernize operations, enhance efficiency, and improve customer experiences by integrating automation, process optimization, and innovative digital solutions tailored to diverse industry requirements. Our frameworks are designed to accelerate transformation journeys and deliver sustainable value.

Powering Intelligence through AI

Artificial Intelligence and Machine Learning are increasingly central to enterprise success, and Ksolves is well-positioned to lead this shift. By leveraging cutting-edge AI, including innovations in Generative AI, we deliver scalable, data-driven solutions that embed intelligence into enterprise workflows. This empowers clients with deeper insights, sharper decision-making, and new pathways for business growth.

Strategic Alliances f or Global Expansion

Strategic alliances remain a cornerstone of our growth model. By collaborating with industry leaders, we are enhancing service capabilities, entering new markets, and delivering integrated, end-to-end solutions that align with the evolving priorities of global enterprises. These alliances amplify our reach while reinforcing Ksolves position as a trusted partner for digital transformation.

Looking Ahead

We focus on scaling with evolving technologies and Generative AI to reduce costs, enhance efficiency, and optimize resources for sustainable business growth. Our strategy reflects a balanced, future-ready approach, combining predictable delivery models, robust sales pipelines, data-driven marketing, and strategic investments in people and technology. By embracing digital transformation, advancing AI-led innovation, and fostering global partnerships, Ksolves is building a resilient business model designed to navigate external challenges while delivering sustainable growth, elevated client satisfaction, and long-term shareholder value.

6. SEGMENT-WISE OR PRODUCT-WISE PERFORMANCE

7. THREATS, RISK AND CONCERNS

The Company is concerned about prevailing exposure norms, financial position, entry of new players in the market, rising competition from new entrants, uncertain business environment, fluctuation in rupee, likely increase in cost of capital due to volatile market conditions. Further, the state of business and policy environment in the country also has a cascading effect on the interest-rate regime, cost and availability of human resource.

8. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company maintains an adequate system of Internal Controls including suitable monitoring procedures to ensure accurate and timely financial reporting of various transactions, efficiency of operations and compliance with statutory laws, regulations and Company policies. Suitable delegation of powers and guidelines for accounting have been issued for uniform compliance. In order to ensure that adequate checks and balances are in place and internal control systems are in order, regular and exhaustive Internal Audit are conducted by the in-house Internal Audit Division and external professional audit firm. The Internal Audit covers all major areas of operations, including identified critical/risk areas, as per the Annual Internal Audit Programme. The Audit Committee of Directors periodically reviews the significant findings of different Audits, as prescribed in the Companies Act, 2013 and in the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

9. FINANCIAL AND OPERATIONAL PERFORMANCE

Standalone Performance: In the past year, your company achieved significant growth in revenue from operations, reaching Rs. 13,721.18 Lakhs compared to Rs. 10,807.34 Lakhs in the previous year, marking a growth of 27%. This growth was the result of well-planned and executed business expansion operations. For the year ending March 31, 2025, the profit before tax amounted to Rs. 4,624.55 Lakhs, compared to Rs. 4,589.33 Lakhs in the previous year. The total net profit for the year is Rs. 3,476.47 Lakhs, an increase from the previous years net profit of Rs. 3,422.94 Lakhs.

Consolidated Performance: The company has consistently demonstrated growth and efficiency, as reflected in its net profit performance during the fiscal year 2024-25. Income from sales increased to Rs. 13,743.31 Lakhs from Rs. 10,863.73 Lakhs, representing a growth of 27%.

Dividend: During the year, the company paid 1st interim dividend of Rs. 4 per share (split-adjusted), involving an outflow of Rs. 948.48 lakhs, 2nd interim dividend of Rs. 4 per share (split-adjusted), involving an outflow of Rs. 948.48 lakhs, and a 3rd interim dividend of Rs. 7.50 per share, involving an outflow of Rs. 1778.40 lakhs. Total Interim Dividend paid during the FY 2024-25 stands at Rs. 15.50 per share (split adjusted) involving total outflow of Rs. 3675.36 lakhs. Following the companys past practices, it expects to continue distributing dividends in the near future.

The companys deal funnel remains strong, and recent project wins are expected to contribute to revenue growth in the second quarter of FY 2024-25, supporting the momentum of growth. The company aims to achieve industry-leading growth in profit after tax (PAT). Going forward, the focus is on delivering sustainable long-term growth and maximizing shareholder value.

10. HUMAN RESOURCES / INDUSTRIAL RELATIONS

The Company gives utmost importance to the capacity-building and well-being of its employees. The Industrial Relations in the Company continued to be on a cordial note. There are regular interactions between the management and the representative-associations on issues pertaining to employee welfare. The Company has an atmosphere of trust and cooperation, which results in a motivated work force and consistent growth in the performance. For us, our clients and our people are two sides of the same coin and both are extremely important to us.

We have a unique way of hiring and retaining people. Robust technical tests along with aptitude and communication tests gives us the right hires. Fresh graduates are attracted to join us as we provide great projects and huge learning opportunities. Our packages are at par with the industry.

There is a strong training department and center of excellence which is constantly striving for upskilling and multi-skilling our people. Employees get to work on high end technologies and this helps us contain our attrition. We always encourage our people to upskill themselves with the latest technology trends and help them get certified which helps Ksolves stand out in the crowd.

Our HR department is always open to listen to suggestions and ideas our people and constantly working towards making Ksolves a better place to work by implementing various policies like

a. Work Life Balance

b. Whistle Blower Policy

c. Sexual Harassment Policy

d. Hiring for differently abled

e. Gender Equality

11. ENVIRONMENT CARE, SOCIAL ACCOUNTABILITY AND QUALITY SYSTEM:

Ksolves is committed to maintain the highest standards of social accountability & quality standards. We believe that ensuring sound corporate governance is imperative to improve and retain investor trust.

12. ANALYSIS OF SIGNIFICANT CHANGES IN FINANCIAL RATIOS

As per the recent amendments to the SEBI Listing Obligations & Disclosure Requirements (LODR), we give below additional information in respect of financial parameters that are applicable to our company:

Detail of Significant changes (i.e. change of 25% of more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanation therefore as under:

a. Working Capital Days: The Working Capital Days as on March 31, 2025 is 55.18 days as compared to previous year ended on March 31, 2024 is 74.13 days. The change in the ratio is (25.56)% as compared to Previous Year.

b. Net Capital Turnover: The Net Capital Turnover Ratio as on March 31, 2025 is 7.19 times as compared to previous year ended on March 31, 2024 is 4.84 times. The change in the ratio is 48.42% as compared to Previous Year.

c. Current Ratio: The Current Ratio as on March 31, 2025 is 1.69 times as compared to previous year ended on March 31, 2024 is 2.64 times. The change in the ratio is (35.86) % as compared to Previous Year.

13. FUTURE PROSPECTS OF COMPANY

Looking forward, Ksolves will continue to seek out new and improved ways of efficiently delivering the services that our clientele needs. In line with past practices, the company expects the distribution of dividend even in near future. The company is aspiring for migration to Main Board and so have applied for main board listing of its shares in NSE & BSE. The company also has aspirations to expand globally by opening physical offices at different places. We have formulated a sound corporate vision and long-term management plan, while ensuring that we have constantly evolving management and business structures to respond quickly to the market needs & globalization. We strive to create new avenues for adding more value for the "stakeholders" being investors, business partners, employees, consumers, and communities as well.

14. DISCLOSURE OF ACCOUNTING TREATMENT

The Company has followed all the treatments in the Financial Statements as per the prescribed Accounting Standards.

Cautionary Note

Certain statements in "Management Discussion and Analysis" section may be forward looking and are stated as required by applicable laws and regulations. Many factors may affect the actual results, which could be different from what the Management envisages in terms of future performance and outlook.