Prizor Viztech Ltd Management Discussions

India has consistently demonstrated robust economic growth, emerging as one of the fastest-growing major economies globally. This momentum is set to continue, with GDP projected to grow by 6.5% in FY25, fuelled by strong domestic demand, sustained infrastructure development, and proactive government policies. The International Monetary Fund (IMF) highlights that Indias GDP is expected to nearly double from Rs. 1,79,94,900 crore (US$ 2.1 trillion) in 2015 to Rs. 3,65,89,630 crore (US$ 4.27 trillion) by the end of 2025. With ongoing reforms and rising investments, Indias growth story is compelling and trending on the global stage.

Further strengthening this narrative, S&P Global projects India to become the worlds third-largest economy by 2030-31, surpassing Japan and Germany. This trajectory is underpinned by macroeconomic stability, a resilient external sector, narrowing fiscal deficit, easing inflation, and high consumption expenditure. Additionally, improving employment prospects and the governments focus on long-term structural reforms are expected to play a key role in sustaining growth. Moreover, export performance has experienced remarkable growth over the past decade, reflecting the increasing credibility and demand for Indian products in the global marketplace.

Looking ahead to 2025, the IMF has cut its forecast for the global economic growth to 2.8% following tariff measures being announced by the United States and countermeasures taken by its trading partners. Global growth is expected to recover to 3% in 2026. The United States and the Euro Area are expected to grow at 1.8% and 0.8% respectively. The emerging markets while impacted by the tariff shocks continue to be the growth drivers and are expected to grow by 3.7% in 2025 and 3.9% in 2026. On the bright side, easing inflation and stabilizing input costs could create a more favourable environment for margin expansion and strategic investments in many markets.

The Union Budget 2025-26, themed "Sabka Vikas," focuses on balanced growth across regions. It prioritizes agriculture, MSMEs, investment, and exports as key growth engines. Initiatives include the Prime Minister Dhan-Dhaanya Krishi Yojana for agriculture, support for first-time entrepreneurs, and a push for domestic manufacturing through customs duty rationalization. The budget also emphasises education, healthcare, and infrastructure development, with plans for 50,000 Atal Tinkering Labs and new medical colleges.

In the near future, Indias banking and financial sector is expected to thrive. Despite foreign investors booking profits in the capital market, the outlook remains largely positive for the country. As global conditions stabilise, foreign investors are expected to re-enter the market and capture the upcoming growth wave. The collective efforts invested over the past several years have laid a robust foundation, providing a sturdy platform upon which the framework of a middle-income economy can be built.

The IT sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the countrys GDP and public welfare. The IT industry accounted for 7.5% of Indias GDP, as of FY23 and is projected to hit 10% by FY25.

As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the Internet.

The current emphasis is on the production of significant economic value and citizen empowerment, thanks to a solid foundation of digital infrastructure and enhanced digital access provided by the Digital India Programme. India is one of the countries with the quickest pace of digital adoption. This was accomplished through a mix of government action, commercial innovation and investment, and new digital applications that are already improving and permeating a variety of activities and different forms of work, thus having a positive impact on the daily lives of citizens.

Artificial Intelligence (AI) is seen as the economic multiplier of the century, projected to inject US$ 500 billion into Indias GDP by 2025. According to a report published by Microsoft, consultancy firm Bain & Co, and industry body Internet and Mobile Association of India (IAMAI), India produces 16% of the entire worlds AI talent pool - the third highest in the world.

Indias rankings improved six places to the 39th position in the 2024 edition of the Global Innovation Index (GII).

As a Company, we are well-positioned to leverage Indias economic momentum by expanding our market presence, strengthening our digital and omnichannel strategies, and continuously innovating to meet evolving consumer needs. With a sharp focus on sustainability, efficiency, and consumer-centricity, we remain confident in delivering strong growth and long-term value creation in 2025 and beyond.

Domestically, start-ups drive innovation, improving access to credit, raw materials, and markets. Aided by the deep technology ecosystem and the consistent policy push, many technology start-ups are digitising manufacturing and other services. The embedded service content of the non-service economic activities has increased significantly, as evidenced by the National Accounts Statistics. The post-production value addition in activities is also increasingly dependent on services like e-commerce, innovative packaging and advertisement and modern logistics services.

Company is pursuing a multi-dimensional growth strategy to deepen and broaden its market presence. By focusing on strategic accounts, we aim to drive higher value through deeper engagement, cross-sell, and upsell opportunities across our full portfolio. Additionally, there is a significant opportunity to go deeper with existing customers tailored to evolving enterprise needs. We are also acquiring new customers across industries in existing as well as newer markets through our sharpened go-to-market strategy.

While AI adoption introduces risks such as data privacy and cybersecurity threats, we are actively mitigating these through intelligent security systems, AI studio and data governance.

Despite opportunities, there are significant factors presenting threats to our business viz:

• Newly acquired entities and incubation-stage businesses require integration time and investments, which may temporarily dilute overall margins despite improving the long-term portfolio strength.

• We operates in a global environment increasingly shaped by macroeconomic volatility and geopolitical tensions. Factors such as infrastructure disruptions, evolving regulatory frameworks, and trade restrictions can impact cross-border data flows, network reliability, and enterprise IT spending.

• The regulatory environment is becoming increasingly complex, with stricter data sovereignty requirements, cross-border compliance obligations, and sector-specific regulations. These evolving mandates demand continuous adaptation and sustained investment in robust governance frameworks to ensure compliance, mitigate risks and maintain operational resilience across global markets

The Company has delivered a satisfactory financial and operating performance for 2024-25. The total revenue is Rs. 7109.37 lakhs in FY 2024-25 as compared to 3565.41 lakhs in FY 2023-24. The Profit before interest and taxes stands Rs. 1491.05 lakhs for the FY 2024-25 as against Rs. 820.09 lakhs in 2023-24 on standalone basis.

• To provide solutions to our clients with a vision to maximize their growth by placing the highest importance on quality, professionalism, integrity and confidentiality.

• To became leader in our industry.

The Companys ability to foresee and manage business risks is crucial in achieving favorable results. Risk management at our company is an integral part of the business, focusing to mitigate the adverse impact of risks on business objectives. The Company has laid down a well-defined risk management procedure covering the risk identification, risk exposure, potential impact and risk mitigation process. The Board periodically reviews the risks and suggests steps to be taken to control and mitigate the same through a properly defined framework.

The Company has an adequate internal control system adopted for operating procedures, policies and process guidelines. The guidelines are well-documented with clearly defined authority limits corresponding with the level of responsibility for each functional area. Further, the Company has budgetary control system to monitor expenditure against approved budgets on an ongoing basis. The Companys robust internal audit programme which works to conduct a risk-based audit not only tests the adherence to laid down policies and procedures but also suggests improvements in the current processes and systems.

The Company continued to focus on improving operational efficiency leading to better returns for the shareholders. Further, the company has significantly enhanced its operational performance by establishing prudent risk management framework.

Human resource practices and policies at our company ensure that all employees, wherever they work, whatever their role is, are always treated equally, fairly and respectfully. We maintain consistent and transparent diversity policies.

Our human resource team believes in personnel management, which involves planning, organizing, directing and controlling of the recruitment and resource management, training & development, compensation, integration and maintenance of people for the purpose of contributing to organizational, individual and social goals.

People power is one of the pillars of success of company. As on 31^st March, 2025 the Company employs 75 employees. Going ahead, the Company aims to retain and develop the existing employees and align their goals with the common business vision and mission.

The Return on Net Worth during the FY 2024-25 was 23.70% as compared to 82.79% in FY 2023-24. The decrease in the return on Net Worth is mainly due to increase in Shareholding and net income of the company.

Statement made in the Management Discussion and Analysis describing the various parts may be “forward looking statement” within the meaning of application securities laws and regulations. The actual result may differ from those expectations depending upon the economic conditions, changes in Government regulation and amendments in tax laws and other internal and external factors.