STL Networks Ltd Management Discussions

Leveraging Capabilities, Driving Growth.

FY25 marked a watershed moment in Invenias journey, a year where we transitioned from an execution partner to an agile, future-forward digital infrastructure powerhouse. In our first year as an independent entity post-demerger as STL Networks, we have laid the groundwork for a bolder ambition: to reimagine the way digital infrastructure is conceived, delivered, and sustained in India and globally.

What began as a reorganization of legacy capabilities has since become a reinvention of identity. Invenia today stands at the intersection of digital infrastructure, intelligent systems, managed services, and human-centered innovation. We are no longer just a systems integrator or fibre deployment specialist. We are now an enabler of digital transformation at scale in sectors as diverse as healthcare, education, defence, mining & energy, and telecom.

This years Management Discussion and Analysis (MDA) reflects on our performance; even more importantly, we focus on the strategic shifts we have undertaken to align with a world that demands resilience, responsiveness, and foresight for the evolving digital ecosystem.

Industry Overview and Trends

Global Tech Disruption Is Redefining Infrastructure Itself

The world is undergoing a foundational reset in how infrastructure is perceived and planned. No longer confined to roads and power grids, infrastructure today is digital-first, modular, intelligent, and deeply integrated with every sector of the economy. For governments, its a tool for inclusion and governance. For enterprises, its the engine of efficiency and innovation. For citizens, it is now the baseline of access, opportunity, and participation. At Invenia, we have structured our business across four core segments that collectively drive transformation through the design, deployment, and management of key digital infrastructure. These segments have been witnessing significant growth in volume and rapid technological advancements. Lets look at the key drivers of growth in these segments of Connectivity, System Integration, Managed Services, and Al-Enabled Solutions.

System Integration

As digital transformation becomes the strategic mandate across governments and enterprises, the demand for cohesive, interoperable, and intelligent infrastructure is rising sharply.

Global System Integration market size is projected to grow from USD 386 billion in 2023 at a CAGR of 13.8% to USD 789 billion by 2030. This growth reflects the surging need for smart infrastructure and platform orchestration across sectors such as BFSI, manufacturing, and healthcare. This growth is accelerated by cloud adoption, data center growth, IT outsourcing, and network-native real-time software applications that have enhanced capabilities powered by Al and Machine Learning technologies. Indias Data Center market, currently at 900-950 MW capacity, is set to reach 2,000-2,300 MW by FY2027, attracting USD 6.5-7.5 billion in investments between FY2025 and FY2027. Public Cloud Services market expanded from USD 2 billion in fiscal 2020 to USD 11.4 billion in fiscal 2025, with a CAGR of 42%, and is expected to grow to USD 32-35 billion by 2030. Indias Cybersecurity Industry has grown from USD 1.98 billion in 2019 to USD 6.06 billion in 2023, with a CAGR of -32%. The products segment rose from USD 1.03 billion in 2019 to USD 3.76 billion in 2023 (CAGR of 38.2%), while the services segment increased from USD 0.95 billion in 2019 to USD

2.3 billion in 2023 (CAGR of 24.7%).

Connectivity Services:

Connectivity infrastructure continues to serve as the foundational layer of Indias digital transformation journey. Indias optical fibre industry, estimated at -USD 1 billion in fiscal 2025, is projected to grow to USD 1.5-1.8 billion by fiscal 2030 with a CAGR of 10-11%, driven by digital transformation, 5G rollout, FTTH penetration, and network modernization across sectors. By June 2024, India had established approximately 448,700 5G base transceiver stations, marking a 24-fold increase over two years, signaling a sharp uptick in infrastructure readiness. According to a recent report, Reliance Jio and Airtel are leading the 5G rollout, and now Vodafone Idea is also expanding its 5G services to cover 40% of its revenue in the next 30 months. The scale of rural connectivity transformation is equally notable. As of March 2024, India had 954 million internet subscribers, with 398 million from rural regions, with over 95% of villages having 3G/4G mobile connectivity, a clear indicator of digital inclusion gaining ground. Since advanced connectivity generally runs on an optical fibre backbone, Indias optical fibre cable market is expected to grow at a CAGR of 14% from 2025 to 2030, with fibre deployment projected to reach 4 million kilometers by 2024, expanding at 12-15% in subsequent years.

This acceleration reflects the growing recognition that high-speed, high-availability connectivity is essential for operational resilience, public service delivery, real-time data exchange, and economic competitiveness.

Managed Services:

The global managed services market continues to demonstrate resilient growth, driven by the rising complexity of digital ecosystems and the increasing need for secure, scalable, and cost-efficient management. Estimated at USD 300 billion in 2023, the market is expected to grow at a CAGR of 13.6% through 2030, underscoring the expanding reliance on long-term IT service partnerships across both public and private sectors. In India, the managed services market, valued at USD 8,876.5 million in 2023, is projected to reach USD

19,568.3 million by 2032, growing at a CAGR of 9.17%. The surge in demand is driven by a confluence of factors: accelerated digital transformation, rising adoption of cloud-first strategies, and a strategic pivot by enterprises toward focusing on core operations while outsourcing non-core IT services. In parallel, heightened cybersecurity concerns and regulatory pressure are pushing organisations to adopt automated IT operations and round-the-clock managed security solutions. An IBM report recently highlighted that 59% of Indian enterprises have now integrated automated IT management platforms, including network monitoring, data backup, and threat detection, with active Al-based solutions. The rise of Al-powered monitoring, coupled with cloud-native service models, is redefining managed services as a value driver.

Al-Enabled Solutions:

The surge in Al adoption is rapidly transforming the expectations of digital infrastructure shifting it from static systems to adaptive, learning environments capable of predictive insight and autonomous optimisation. This evolution is driving a new era of Al-enabled infrastructure services, with strong growth projections across both global and Indian markets. The global Al market is currently valued at approximately USD 391 billion in 2025, projected to grow at a 35.9% CAGR, reaching around USD 1.8 trillion by 2030. This trajectory is being fueled by increasing enterprise investments in Al-led automation, data intelligence, cybersecurity, and infrastructure analytics, particularly in sectors such as manufacturing, healthcare, and financial services. In India, the demand curve is equally promising. The Indian market for Al services is expected to scale from roughly USD 8 billion in 2025 to USD 17 billion by 2027, at a CAGR of 40%. This is driven by, integration of Al across critical national platforms, the rise of smart public infrastructure, and a shift toward IP-led service models. In 2023-2024 alone, generative Al adoption increased from 55% to 75% among enterprises, delivering an average 3.7x ROI as businesses sought to harness machine learning for real-time monitoring, predictive maintenance, intelligent cybersecurity, and decision support systems. Moreover, rising concerns about data security and compliance are leading businesses to invest in Al-powered security solutions.

4 Core Service Offerings

There is sustained and impressive growth across all domains of digital infrastructure.

As Prime Minister Modi has remarked, "We are in the middle of an unprecedented Techade - decade of Digital Transformation", and India is central to the global growth equation. All these trends make it imperative for us to always be on the leading edge of innovation, while ensuring on-ground implementation that is robust and has high utility use-cases. Invenia focuses on enabling next generation innovation and has designed its business around four core services:

1. System Integration Services:

Digital infrastructure delivers real value only when hardware, networks, operating systems, & applications work together seamlessly. With growing investments in digital transformation by over 48% Indian enterprises, legacy integration remains a bottleneck2. Achieving this integration is challenging, given the diversity of technologies, protocols and interfaces, along with multifarious on-the-ground challenges. With decades of experience, we have successfully integrated multiple systems across Network, Data Center, Cloud and Cybersecurity use cases. Our key offerings here have evolved to:

• Network Services:

Beyond connectivity, we design and deliver end-to-end wired and wireless network transformation. The core first step of Network integration is high-quality Network Deployment. Indias Network as a Service (NaaS) market is expected to grow from from USD 1.7 billion in 2024 to USD 14.3 billion by 20333. As the market expands, bridging legacy and next-gen systems can command premium contracts, yet the diversity of protocols, standards and vendor solutions often leads to compatibility challenges. Our services extend beyond design and deployment to the integration of core and access networks, including software-defined networking solutions, with capabilities extending across public and private sector ICT infrastructure. This includes core network topology setup, logical management of network traffic, efficient data transfer, designed for security and seamless service delivery in complex, multi-vendor environments. These solutions are tailored to meet the dynamic requirements of next-generation connectivity with the evolving converged networking stack.

• Data Center Services:

We specialize in building and designing end-to-end data centers and provide solutions for effective mangement. Our offerings include connectivity, compute, storage, energy and cooling infrastructure, and monitoring systems driven by Al which assists enterprises and public sector clients in achieving scalability, operational resilience, and energy efficiency. With rapid expansion of Indias data center market investments over USD 10 billion are expected by 20254. We at Invenia aim to lead the way through best-in-class customized, high-performance data center environments that adhere to international standards and are optimized for future growth.

• Cloud Services:

Indias public cloud services market is projected to reach USD 17.8 billion by 2027, with hybrid and multi-cloud deployments becoming standard for enterprise agility and security5.

With our capabilities in hybrid, multi-cloud deployment and migration, we have helped clients harness scalable and secure cloud environments integrated with automation and Al for improved efficiency and agility. Our Cloud offerings include infrastructure modernization, Cloud-native enablement, consulting, transformation, migration and managed services. These solutions empower organizations to adapt to dynamic workloads and digital business models.

• Application Infrastructure Services:

Investments in Indian digital health platforms and hospital information systems are driving the market that is projected to grow from an estimated USD 2.7 billion in 2022 to USD 37 billion by 2030 as part of their modernization strategies. However, integration and interoperability remain significant challenges to these modernization strategies6. We support large-scale IT operations through Integrated Application and Infrastructure management systems. Our platforms include unified network and service management, hospital information systems, and customized application layers for sector-specific deployments. These systems enable real-time monitoring, data integration, and decision-making for critical services.

• Intelligent Industry Services:

Over 54% of Indian manufacturing firms are adopting Industry 4.0 technologies, including loT, automation, and predictive maintenance, reflecting the sectors rapid shift toward smart factories and advanced automation7. We enable this transformation through Intelligent automation, loT, network transformation, and OT security. Our solutions power digital transformation across mining, manufacturing, and energy sectors, driving productivity, safety, and efficiency. These offerings are built to support autonomous operations and predictive maintenance in industrial settings.

• Security Services:

India reported over 2 million cybersecurity incidents in 2024, reflecting the urgent need for robust protection across digital infrastructure8. Seamless networks that support high-value use cases naturally become prime targets for threat actors attempting to penetrate them both physically and digitally. Our security services create a protection layer across both environments, safeguarding critical assets and ensuring the integrity and resilience of the entire network ecosystem.

• Infrastructure Safety and Security Services:

Our safety and surveillance solutions enhance operational continuity and asset protection. Our propositions include integrated access control, perimeter defence, video analytics, and command and control centers, deployed across critical infrastructure projects. These solutions are designed to meet public safety objectives and align with smart infrastructure goals.

• Cybersecurity Services:

Our services enable clients to pre-emptively avoid attacks, ensure disaster recovery and ensure continued operations. We provide a comprehensive Cybersecurity portfolio covering consulting, security architecture, audits, and 24x7 Security Operations Center (SOC). Our approach merges regulatory compliance with adaptive threat management for enterprise-grade security posture.

2. Connectivity Services:

The most foundational backbone of digital infrastructure is connectivity, which needs to be high-bandwidth, synchronous, and high-resilience. Over 95.15% of villages in India had internet access, and only about 0.5% of rural households had FTTH connections1. Addressing last-mile gaps will open vast new markets for scaling the infrastructure. Invenia has a legacy with proven expertise in designing and deploying resilient fibre and wireless networks for lasting, high-performance results. As a major player in Indias fibre infrastructure, we deploy scalable and future ready optical networks nationwide. Our core offerings encompass comprehensive connectivity solutions, including fibre, wireless, and overall network topology design services. We provide end-to-end deployment of FTTx, intercity, intracity, long-haul, and data center connectivity. Backed by strong project management, execution capabilities, and a network of reliable vendors, Invenia consistently delivers secure, high-performance fibre solutions tailored for longevity and optimal performance.

3. Managed Services:

Across the foundational digital infrastructure of Connectivity, Network, Datacenter, Cloud ,and Digital solutions, there is a need to actively manage service levels at defined QoS, in an agile manner with regular upgrades and maintenance. The average cost of unplanned network downtime for Indian enterprises is estimated at USD 2 million per hour, which propels an increasing demand for 24x7 monitoring, SLA-driven support, and robust cybersecurity9. Our managed services solutions ensure high-quality upkeep and security of the entire digital infrastructure stack. As digital infrastructure becomes mission-critical, 24x7 management of the network is essential to ensure reliability and performance. However, the need for continuous operations is amplified by challenges in talent availability and automation adoption. We provide a comprehensive suite of managed network services across all aspects of digital infrastructure. For data center and cloud environments, we have Managed NOC & SOC, Managed Security Services, Managed Data Center Services, Managed Cloud Services. For the core connectivity, we offer Fibre managed Services. Beyond efficient management, to secure these environments comprehensively, we offer Managed Security Services. Across these service offerings, our integrated approach leverages deep expertise and robust foundational capabilities, allowing us to deliver seamless, scalable solutions that support our customers evolving needs. We also offer staff augmentation services that provide organizations with skilled professionals to address specific business needs, whether for short-term projects or long-term engagements. Over 65% of enterprises report difficulties in hiring for cloud, cybersecurity, and Al roles10. Our experts are carefully matched to the unique requirements of each industry and project, ensuring optimum alignment and value. Our end-user support solutions are designed to guarantee smooth operations for all users, delivering reliable technical assistance, proactive troubleshooting, and prompt issue resolution to help maintain uninteiTupted productivity across enterprise environments.

4. Al-Enabled Solutions:

The advent of LLMs and generative Al, accelerated by hyperscale cloud infrastructure and machine learning models, has enabled digital capabilities that far exceed traditional programming capabilities. At Invenia, we are embedding Al capabilities across our entire portfolio, from infrastructure monitoring and operational automation to cybersecurity, managed services, and end-user solutions. By integrating machine learning and generative models into our delivery architecture, we are building digital ecosystems that are not only efficient and intelligent but also secure and future-ready.

Our foundational capabilities are deeply rooted in our extensive experience and legacy, which have been codified into 5 core values and 6 industry leading capabilities that drive our business and customer success.

5 Core Invenian Values

At Invenia, our industry-leading capabilities did not come about just by chance or unplanned evolution. They have been meticulously crafted by the force of hard work, relentless passion for our purpose, and a moral compass ingrained in every Invenian. These values are not just beliefs; they are behaviours. They define how we engage with complexity, how we deliver transformation, and how we stay rooted even as we scale. Invenia is a value-driven organization with a rich organizational culture rooted in its core values of respect for people and belief in empowerment. Our five core values are the DNA of each of the 540* Invenians and the foundation of everything we build.

*As of March 31, 2025, Invenia has a total headcount of 538 on-roll employees

6 Invenian Strengths Drive Our Ambition

With a proven track record in designing and deploying digital infrastructure amid complex challenges, Invenia has built the expertise to set ambitious goals and drive next-generation innovation. Today, we have gained the position as a leader in digital infrastructure and IT services. We have done so by building a diverse portfolio, a strong customer base, an extensive geographical reach, a robust vendor ecosystem, strategic partnerships, and our commitment to drive digitization and automation for operational excellence. Our 6 core strengths position us to deliver transformative solutions and lead the way in shaping the future of digital infrastructure, they are:

1. Execution of large-scale projects in a growing industry

Our delivery excellence is built on a robust project management framework, proven execution capabilities supported by experienced delivery teams, and a dependable vendor ecosystem. We have successfully deployed approximately 123,000 route kilometers of optical fibre across India, established over 47 data centers, facilitated 300,000 home passes, and operationalized over 19,000 infrastructure sites for telecom and Gram Panchayats. Our operational discipline is recognized through certifications like CMMI 2.0 Level 5 for services and multiple industry awards for delivery excellence and risk mitigation. This execution strength enables us to efficiently manage complex infrastructure rollouts in sensitive and regulated environments. From rural deployments in deep interiors to high-density urban clusters, Invenias teams operate with full-stack control spanning civil works, fibre laying, system commissioning, and long-term integration.

• Nationwide initiatives are fueling digital infrastructure at an unprecedented scale.

Major public infrastructure missions are driving both scale and complexity across Indias digital landscape. This dynamic environment is shaped by rapid advancements in cybersecurity, cloud transformation, and Al-driven solutions. Indias cybersecurity industry is witnessing robust growth across enterprise and government sectors for a comprehensive suite of solutions, including consulting, MSS, cloud security, 1AM, GRC, and SOAR. With a sharpened government focus on securing critical infrastructure and citizen data, Indian cybersecurity firms are well positioned to tap into both domestic and global markets. Simultaneously, cloud adoption is accelerating as organisations seek to optimise costs and enhance agility. This has led to a surge in demand for data center capacity, driven by rising internet penetration, the expansion of e-commerce. Our operational discipline is recognized through certifications like CMMI 2.0 Level 5 for services and digital-first public services. Flagship initiatives such as the Unified Payments Interface (UPI) and e-governance platforms further underscore the need for resilient, scalable infrastructure.

These developments are catalysing rapid growth in Indias digital ecosystem, creating opportunities for us to grow ambitiously. By combining field-tested delivery with strategic foresight, Invenia is well-positioned to play a pivotal role in powering Indias next wave of digital infrastructure growth.

• Well-positioned to take advantage of the growing Industry.

India is experiencing an unprecedented wave of digital infrastructure development. Backed by government vision, industry investment, and user demand, the opportunity landscape is expanding rapidly. Nation-building initiatives like BharatNet, the National Broadband Mission, and the Digital India program are also driving significant advancements. Through BharatNet, one of the largest rural broadband projects, has already connected over 214,000 Gram Panchayats with extensive optical fibre deployment, while Phase III tenders present new expansion opportunities. The National Broadband Mission aims for 70% fiberisation of BTS by FY25, with streamlined approval processes such as amendments to Right of Way rules and the GatiShakti Sanchar portal enabling faster telecom infrastructure rollout. We have actively participated in the deployment of state-of-the-art Connectivity, Network Transformation, System Integration, and Digital Solutions, across government and enterprise-based initiatives. With growth in nationwide connectivity, there is massive expansion in aligned industries - data center (USD 3.5 billion by 2030 at 8% CAGR), cloud services (USD 32-35 billion by 2030) and cybersecurity (USD 6.06 billion in 2023, 32% CAGR). We have built capabilities aligned to these sectors with experience from 45+ mission-critical data center deployments. Building on operational excellence, we are ready to capitalize on the rapid growth of Indias digital infrastructure. Our long-standing delivery experience, trusted customer relationships, and integrated solution portfolio make us a natural partner for clients seeking dependable, large-scale execution in connectivity, system integration, and digital services.

• Extensive expertise in large-scale Projects execution.

Invenia has consistently demonstrated its ability to deliver large-scale turnkey network infrastructure projects across diverse geographies and complex operational environments. Key accomplishments include the modernization of Indias defence network with secure digital communication infrastructure; Statewide fibre optic network deployment under the BharatNet program in Maharashtra, Telangana, and Tamil Nadu, connecting thousands of Gram Panchayats with high-speed digital access. Internationally, we have executed FTTx deployment in the UK, under the Gigabit program, ensuring gigabit broadband connectivity for urban and rural areas. These projects demonstrate Invenias strength in managing multi-stakeholder environments, meeting strict regulatory standards, and delivering scalable solutions, solidifying its reputation as a trusted partner in complex digital infrastructure.

2. Customer-Centric approach with comprehensive project handling

Our commitment to excellence begins with a deep understanding of our customers needs and aspirations. Our partnerships with them are built on shared outcomes, aligned priorities, and trust. We offer an integrated suite of digital infrastructure services to a diverse client base spanning telecom, government, defence, citizen networks, and large enterprises across the BFSI, education, mining, energy, transport, and healthcare sectors. With a strong presence across both urban and rural regions in India and the United Kingdom. Our work in these regions involves full-scope responsibility, including network planning, civil works, fibre laying, testing, integration, and ongoing operations support, ensuring that customers experience a seamless transition from vision to value.

• We place the customer at the heart of everything we do, customizing digital infrastructure and IT services to their evolving needs. We deliver mission-critical projects across diverse sectors that require scalability, reliability, and security. Our long-standing relationships with major telecom operators and government ministries are a testament to our ability to deliver customised, high-impact solutions that enable digital transformation at scale. This includes our work across BharatNet Phases II and III, as well as secure communication infrastructure for the Indian Army and Navy. These partnerships reflect our capability to navigate complex delivery environments while remaining aligned to national priorities.

• Our revenue model is driven by recurring projects from a selected group of strategic clients, providing ongoing planning, deployment, and maintenance services that ensure consistent order flow. In a notable long-term partnership with a leading telecom operator, we have supported multiple phases of their nationwide optical network expansion across India. This relationship is driven by our execution performance and adherence to service-level requirements. In another engagement, we designed and deployed a Unified Network Management System (UNMS) for power transmission infrastructure across Northern, North-Eastern, and Western India, demonstrating our ability to scale both horizontally and vertically within a clients infrastructure journey. These strategic relationships are strengthened by favorable commercial terms, simplified contracts, and priority access to emerging opportunities, allowing us to scale impact, grow revenue predictably, and stay ahead of client needs.

3. Robust presence and vendor ecosystem in the region

We have a strong nationwide footprint supported by a well-established network of strategic partners, contractors, technology providers, hardware and software OEMs, field service vendors, logistics providers, and service partners, enabling us to carry out deployment and maintenance activities at scale. Our robust ecosystem empowers us to mobilise resources rapidly, scale across multiple states, and manage parallel executions while ensuring operational flexibility, cost efficiency, and uncompromised quality. We have also institutionalised a robust vendor governance framework with continuous monitoring and performance-based evaluations, allowing us to identify and address execution issues, proactively track delivery, compliance, safety, and quality to address execution challenges.

4. Innovation-driven digital infrastructure

Innovation is embedded in our DNA, driving continuous enhancement of our offerings through advanced technologies such as Al-driven monitoring, automation, software-defined networking, and cloud-native enablement. We use advanced digital tools to improve efficiency and streamline operations, reducing manual work and boosting decision-making. Our digital tools include workflow automation systems, data capture solutions for accuracy, and Al-enabled tools for real-time monitoring. Our Partner Governance Portal, have transformed how we manage execution and are tailored to project needs, helping us adapt quickly and control costs. Together, these tools form our "Delivery Excellence through Digital Transformation" framework, improving service quality, responsiveness, and consistency in service delivery.

5. Strong leadership and governance

Our leadership is a key pillar of our resilience and strategic clarity. It comprises professionals with deep domain expertise across IT services, telecom, public infrastructure, and digital transformation. Their role is to shape our strategic priorities, mentor our teams, and bring clarity to execution in a dynamic, fast-evolving industry. Their guidance informs how we approach risk, explore new markets, and deliver with operational discipline. Under their stewardship, we have created a governance structure that ensures transparency, ethical conduct, and alignment between our commercial goals and societal responsibilities. As we scale globally and expand across high-growth verticals, the strength of our leadership keeps us anchored, focused on sustainable growth, innovation-driven delivery, and long-term value creation for clients, communities, and shareholders.

6. Commitment to sustainable and secure digital infrastructure

We believe that the future of infrastructure must be both intelligent and responsible. Our commitment to sustainability and security is built into the very design of our offerings, ensuring that every solution we deploy is energy-efficient, cyber-resilient, and compliant with the highest global standards.

We focus on building operational continuity and asset protection through integrated safety and surveillance solutions, including access control, perimeter defence, and video analytics. Our data centers combine energy efficiency with global standards to enable sustainable growth and advance smart infrastructure.

These 6 key areas of strengths are what help us drive up our ambition, to engage in high quality and massive scale digital infrastructure engagements that will help enable the next generation of innovation.

We have crafted a focused strategy, that bolsters our leadership position in our core areas, enhances our capabilities and spreads our influence in emerging growth areas. In our first year of operation as a f focused independent entity, we have established-^^/? these key strategic priorities, that leverage f** our hard-earned capabilities, values and strengths. > (m

7 Strategic Priorities that Build Invenia

With our key strengths and chosen core offerings, we are well-positioned to lead Invenia into the next phase. Going forward, our strategy is about bringing our purpose in action to the real world. These seven priorities ensure we are on the right track in delivering profitable growth and meaningful outcomes for our stakeholders.

1. Focus on driving large-scale core infrastructure projects with service excellence.

We build resilient business systems that empower large-scale deployments, leveraging the strength of our tools, processes, people and advanced intelligence. Given our strengths and capabilities, our focus is to accelerate business transformation of our key accounts by mapping the existing digital landscape and crafting solutions that are aligned with their business priorities. To ensure this, we utilize our REAP approach, that has been honed over a decade of large-scale complex infrastructure implementations to speed-track our clients business for innovation and adaptation to the changing digital environment. The R.E.A.P. approach focuses on bringing the Right Tools to execute efficiently, Enhanced Processes to deliver results, Advanced Intelligence to reimagine strategies, and People Assurance to ensure all-round expertise.

• Right Tools.

Its imperative to use the right tools to design and build efficient systems. We provide our customers with built-in operational efficiency, service continuity, and enhanced security. Our core tools include PSA (Professional Services Automation), Remote monitoring, incident management, and ESS (Enhanced Security Services).

• Enhanced Processes.

We have an enhanced process and compliance framework with well-defined performance metrics. Our process framework is Centralized, Automated, Unified, and Measurable. It enables integrated network and security monitoring, remedial actions, escalation matrix, coordination, and optimized efforts that keep IT goals aligned with overall business objectives.

• Advanced Intelligence.

We are dedicated to ensuring our digital networks evolve and improve continually using the power of Al. By embedding intelligent analytics and machine learning into every layer of our infrastructure, we proactively monitor, assess, and optimize network performance in real time to unlock new efficiencies and ensure digital environments remain robust, secure, and adaptable.

• People Assurance.

We have a proven track record of Specialist SMEs across all relevant domains for efficiently preparing businesses for digital transformations. Our experts enhance their know-how with evolving business needs to effectively utilize emerging technologies and automation, irrespective of adversity and operational constraints.

2. Driving next-level growth by Diversification with a focus on high-growth digital infrastructure segments.

We have built a diverse set of capabilities and are now expanding into new high-growth areas, building a portfolio of business offerings, entering into growing industries, and bolstering our global presence.

• Expanding our portfolio to include cutting-edge segments such as Data Centers, Cloud, and cybersecurity, which are critical to national resilience and enterprise transformation. Our integrated data center services cover design, build, colocation, power, and connectivity. Cloud services include infrastructure modernization, hybrid and multi-cloud deployment, transformation, migration, and managed services. These solutions are embedded with Al, automation, and service intelligence, giving the agility and control to navigate todays dynamic digital landscape.

• Strategic Entry into Growing Industries

We are broadening our presence in sectors with high digital infrastructure demand, including health, education, mining, energy, and BFSI. In the healthcare space, we have implemented hospital management information systems and digital infrastructure that enhance operational efficiency and data transparency. Our recent strategic project wins in BFSI demonstrate our capability to serve regulated industries requiring robust security and compliance. By aligning with the digital transformation agendas of these sectors, we continue to deepen our relevance across industries that demand scale and domain-sensitive execution.

• Grow UK by delivering critical projects

Our international growth strategy is anchored in a strong and expanding presence in the United Kingdom. Weve successfully executed large-scale projects across FTTH, FTTC, and physical infrastructure domains, impacting over 250,000 homes and counting. Our scalable, technology-driven execution framework is closely aligned with client priorities and underpinned by a deep understanding of local regulatory frameworks. This positions us to drive sustained, profitable growth in one of our key global markets.

3. Transformational Delivery Models

Our disciplined execution is enhanced by a distributed delivery network and transformational delivery models. In managed services, we follow SLA-based contracting, along with FTE-based pricing, assigning end-to-end delivery responsibilities to partners with clear incentives, and penalties, based on performance against defined service metrics. This integrated model allows us to respond effectively to market needs while maintaining operational control and financial discipline across engagements.

4. Extensive Talent Development

Recognizing that domain expertise is critical, we invest heavily in talent development to nurture skills in emerging technologies and project execution. This focus ensures we maintain high standards of service delivery and innovation, enabling us to meet complex and evolving client requirements effectively.

5. Ecosystem Build-up with Strategic Alliances

Invenias partner ecosystem is a force multiplier as we collaborate with a wide range of technology OEMs, cloud providers, network players, system integrators, and field contractors to ensure end-to-end delivery agility. We build a robust ecosystem through strategic partnerships which enable vendor- and technology-agnostic solutions. This approach provides customers with flexibility, choice, and access to best-in-class technologies, enhancing our ability to deliver integrated and customized solutions.

6. Continuous Innovation and Upgrades

We maintain a relentless focus on innovation to keep our offerings future-ready. This includes upgrading IT services, platform enhancements, integrating Al and automation, and adopting new technologies to meet evolving customer needs and market dynamics. Our innovation-led approach empowers us to anticipate whats next and deliver lasting value through smarter, more agile offerings.

7. Driving Sustainability at the Core of all Work

We are committed to conducting business with integrity, transparency, and accountability. Our organization is in the process of embedding Environmental, Social, and Governance (ESG) principles into our operations to ensure our efforts benefit both society and the environment. As we strengthen our systems, we are prioritizing sustainable practices, inclusive growth, and responsible stakeholder engagement. Going forward, we aim to leverage innovation and partnerships to build smart, sustainable networks and programs that can drive meaningful change. Aligning with evolving regulations and global standards, we are preparing initiatives that will focus on climate resilience, digital inclusion, and long-term value creation. For us, sustainability is both a moral duty and a strategic direction for building a robust and responsible organization.

These seven strategic priorities are focused on driving annuity service revenues by emphasizing high-value integrated services that provide steady, long-term growth and deepen client relationships. We are all set to capture the digital infrastructure opportunities this Techade has put in front of us.

Summary

Together, these capabilities, values, and strategies form a cohesive narrative of our transformation, from a connectivity-focused company to an innovation-driven digital infrastructure and IT services company. We are driving smart, scalable digital infrastructure solutions that empower the future, supporting national initiatives like BharatNet, National Broadband Mission, and Digital India, while expanding our reach into regulated and high-growth sectors domestically and internationally. Our commitment to customer-centricity, disciplined execution, innovation, sustainability, and talent development positions us to lead in the evolving digital infrastructure landscape.

Internal Control Systems and their Adequacy

The Company has established internal control systems commensurate with the size and nature of business. It has put in place systems and controls across the Company covering various financial and operational functions. Company through its own Internal Audit Department carries out periodical audits at various locations and functions based on the audit plan as approved by the Audit Committee. Some of the salient features of the Internal control systems are:-

i. Systems and procedures are periodically reviewed to keep pace with the growing size and complexity of Companys operations.

ii. Assets are recorded and system put in place to safeguard against any losses or unauthorized disposal.

iii. Key observations arising out of the Internal Audit are reviewed at the Audit Committee meeting and follow up action taken.

Cautionary Statement

Statements in the Management Discussion and Analysis Report describing the Companys objectives, projections, estimates & expectations may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in the Government regulations, tax laws and other statutes and incidental factors.