Tridhya Tech Ltd Management Discussions

INDUSTRY STRUCTURE AND DEVELOPMENTS GLOBAL IT SERVICES INDUSTRY

The Information Technology (IT) services industry continues to play a pivotal role in the global economy, driven by the increasing adoption of digital technologies across businesses and industries. Organizations worldwide are accelerating their digital transformation initiatives to improve operational efficiency, enhance customer experiences, automate business processes, and strengthen their competitive positioning. Consequently, demand for software development, cloud-based solutions, enterprise applications, cybersecurity services, data analytics, and digital consulting continues to grow steadily.

The Information Technology (IT) services industry continues to play a pivotal role in the global economy, driven by the increasing adoption of digital technologies across businesses and industries. Organizations worldwide are accelerating their digital transformation initiatives to improve operational efficiency, enhance customer experiences, automate business processes, and strengthen their competitive positioning. Consequently, demand for software development, cloud-based solutions, enterprise applications, cybersecurity services, data analytics, and digital consulting continues to grow steadily

INDIAN IT INDUSTRY OVERVIEW

India remains one of the worlds leading technology and software services destinations, supported by its large pool of skilled professionals, strong digital infrastructure, innovation-driven ecosystem, and globally recognized service delivery capabilities. The sector continues to benefit from increasing digital adoption, favourable government initiatives, and growing investments in emerging technologies. These factors have enabled Indian IT companies to serve both domestic and international markets effectively while maintaining high standards of quality and operational efficiency.

DIGITAL TRANSFORMATION TRENDS

Digital transformation has become a strategic priority for businesses across industries. Enterprises are increasingly investing in modern technology platforms to streamline operations, improve customer engagement, enhance decision-making capabilities, and drive sustainable growth. The modernization of legacy systems, migration to cloud environments, implementation of enterprise mobility solutions, and adoption of automation technologies continue to generate significant demand for software development and technology services.

GROWTH OF E-COMMERCE SOLUTIONS

The rapid growth of digital commerce has significantly increased the need for advanced e-commerce solutions. Businesses are investing in scalable, secure, and customer-centric digital platforms to meet evolving consumer expectations and facilitate seamless online transactions. The increasing adoption of digital payments, omnichannel retail strategies, and personalized shopping experiences has created substantial opportunities for companies providing e-commerce development and digital experience solutions.

EXPANSION OF MOBILE APPLICATION MARKET

The growing penetration of smartphones and mobile internet connectivity has transformed the way businesses interact with customers. Organizations across sectors are leveraging mobile applications to improve accessibility, strengthen customer engagement, enhance service delivery, and create new business opportunities. As a result, demand for innovative, user-friendly, and scalable mobile applications continues to grow across industries.

EMERGING TECHNOLOGY LANDSCAPE

Technological advancements continue to reshape business operations and customer experiences. Artificial Intelligence (AI), Machine Learning (ML), cloud computing, data analytics, cybersecurity, Internet of Things (IoT), and robotic process automation are becoming integral to modern business strategies. These technologies enable organizations to improve productivity, enhance security, generate actionable insights, and deliver superior customer experiences. As enterprises increasingly integrate emerging technologies into their operations, the demand for specialized technology expertise and customized digital solutions is expected to grow further.

COMPETITIVE LANDSCAPE

The IT services and software development industry remains highly competitive and dynamic, characterized by rapid technological advancements and evolving customer requirements. Companies are required to continuously invest in technology capabilities, innovation, and talent development to maintain their competitive advantage. Success in this environment depends on the ability to deliver high-quality solutions, adapt to changing market dynamics, execute projects efficiently, and build long-term customer relationships.

INDUSTRY OUTLOOK

The long-term outlook for the technology sector remains positive, supported by sustained investments in digital transformation, cloud computing, automation, artificial intelligence, cybersecurity, and customer experience technologies. Businesses continue to view technology as a critical enabler of growth, operational resilience, and innovation. The increasing reliance on digital platforms and technology-driven business models is expected to support continued demand for software development and IT services.

In this evolving environment, Tridhya Tech Limited is well-positioned to capitalize on emerging opportunities through its expertise in software development, e-commerce solutions, web application development, mobile application development, and digital transformation services. The Companys focus on innovation, customer- centricity, quality delivery, and technological excellence enables it to address the evolving requirements of clients across global markets and create sustainable value for its stakeholders.

BUSINESS OVERVIEW

Our Company is a rapidly expanding conglomerate with a diverse portfolio of businesses and engaged in full-service Software Development which includes all IT services and resources. With a global presence and deep domain expertise across multiple industry verticals, the Company offers a comprehensive portfolio of services and offerings - grouped under application development and management, digital transformation, AI, data and cloud services, engineering services, cognitive business operations, cyber security, and products & platforms. We are recognized globally for our strong commitment to improve the communities we live and work in.

We bring together our deep industry knowledge, technology expertise and partners to develop holistic solutions

for complex problems to provide customized software products, which starts from the initial concept of the product requirement, designingthe architecture, coding and testing, deploying to the final deployment of the product. Our core values are client value and customer satisfaction remain at the heart of our business. We remain committed to conducting business in a socially, economically, and environmentally responsible manner while considering the interests of all stakeholders, including the wider community. We also provide post deployment support on time- to-time basis to our clients. We also provide project management, consultation services,maintenance and support services to ensure the successful completion of the project and longevity of the software. This helps to ensure that the software is properly developed and deployed, meeting the expectations of the client. Webelieve in technological empowerment and provide end-to-end tech solutions to build an effective digital presence.

Tridhya has strong presence in international market i.e., Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, Netherlands, Qatar, Singapore, Switzerland, UAE, UK, USA. In domestic market our customer is basedon Maharashtra, Gujarat, Punjab, Telangana and Karnataka.

OUR COMPETITIVE STRENGTHS

• Experienced Promoter

• End-to-end IT Services under a single umbrella

• Quality Service

• Skilled Team

OUR BUSINESS STRATEGY

• Prioritizing focus and dedication in Profitable markets

• Transforming and adapting time to build relevant new capabilities

• Embrace business opportunities by making the right investments

• Utilization of modern-day processes and technologies

• Optimization of operational, maintenance and other costs

STRATEGIC RESPONSES TO OPPORTUNITIES AND THREATS (I) OPPORTUNITIES AND GROWTH DRIVERS

A. Digital Transformation Demand

Increasing adoption of digital technologies, automation, and cloud-based solutions across industries continues to drive demand for software development and digital transformation services.

B. Growth in Custom Software Development

Organizations are increasingly seeking customized software solutions to improve efficiency, streamline operations, and enhance customer experiences, creating significant opportunities for the Company.

C. Expansion of E-commerce

The continued growth of online commerce and digital marketplaces is driving demand for scalable e-commerce platforms, web solutions, and technology integration services.

D. Rising Mobile Application Adoption

Growing smartphone penetration and mobile-first customer engagement strategies are creating increased demand for innovative mobile application development services.

E. Emerging Technologies

The increasing adoption of Artificial Intelligence (AI), Machine Learning (ML), cloud computing, data analytics, and automation presents new opportunities for technology service providers to deliver advanced digital solutions.

F. Global Outsourcing Opportunities

India continues to be a preferred outsourcing destination, providing opportunities to expand international business and strengthen relationships with global clients.

G. Long-T erm Client Relationships

The Companys diversified service portfolio and strong client relationships provide opportunities for repeat business, cross-selling, and expansion of existing customer engagements.

H. Future Outlook

With growing demand for digital transformation, software development, e-commerce solutions, and emerging technologies, Tridhya Tech remains well-positioned to capitalize on evolving market opportunities and drive sustainable growth.

(II) THREATS AND CHALLENGES

A. Intense Industry Competition

The IT services industry is highly competitive, with the presence of large global players, established domestic companies, and emerging technology firms, which may impact pricing and market share.

B. Rapid Technological Changes

Continuous advancements in technology require ongoing investment in new skills, tools, and innovation to remain competitive and meet evolving client expectations.

C. Talent Acquisition and Retention

The availability and retention of skilled technology professionals remain critical challenges due to increasing competition for qualified talent within the industry.

D. Economic and Market Uncertainties

Global economic slowdowns, inflationary pressures, and changing business spending patterns may influence technology investment decisions and project demand.

E. Client Concentration Risk

Dependence on key clients or major projects may expose the Company to revenue fluctuations in the event of contract delays, downsizing, or client attrition.

F. Cybersecurity and Data Protection Risks

As digital adoption increases, organizations face growing cybersecurity threats and data privacy concerns, requiring robust security and compliance measures.

SEGMENT WISE PERFORMANCE

The Company operates as a technology solutions provider offering a diversified portfolio of digital services across software development, cloud solutions, data engineering, enterprise applications, and emerging technologies.

During the year, Application Development Services, comprising mobile application development, UI/UX design, B2B/B2C portals, and e-commerce solutions, continued to contribute significantly to the Companys business, driven by increasing demand for digital platforms and customer-centric applications.

The Cloud Services segment, including cloud optimization, cloud security, and cloud migration services, witnessed growing opportunities as organizations accelerated their adoption of cloud-based infrastructure and digital transformation initiatives.

Additionally, the Companys Data Engineering and Analytics Services, encompassing data engineering, data visualization, data-driven decision-making, and AI/ML solutions, supported clients in leveraging data for improved business insights and operational efficiency.

The Enterprise and Digital Transformation Services portfolio, comprising business process automation, modern workplace solutions, MuleSoft services, Odoo services, Pimcore services, and Generative AI (Gen AI) services, continued to gain traction as enterprises increasingly focused on automation, system integration, productivity enhancement, and technology modernization.

Through its diversified service offerings and focus on innovation, the Company continues to address evolving customer requirements and strengthen its position as a trusted digital transformation partner across domestic and international markets.

RISK AND CONCERN

The Company has established a structured risk management framework to identify, assess, monitor, and mitigate risks that may impact its business operations, financial performance, and strategic objectives. The framework enables proactive management of key risks arising from changing business conditions, technological advancements, regulatory requirements, cybersecurity threats, talent retention, and market dynamics.

The Board of Directors and senior management periodically review the risk management practices to ensure their effectiveness and alignment with the Companys business objectives.

INITIATIVES BY THE COMPANY

The Company has taken the following initiatives:

INORGANIC GROWTH

Inorganic growth is considered a faster way for a company to grow compared to organic growth. The Company has adopted the policy of inorganic growth for faster development of the business, access to new markets, boost companys earnings and get the additional skills and expertise of new staff, the company, acquired Two companies and in FY 2024-25 acquired another two companies for faster growth.

UPGRADE AND REFINE

We are passionate about technology and so we keep up with the market pace to adapt rapidly as the technology evolves. Being passionate about new tech trends, we easily upgrade our solutions with the implementation of cutting-edge tech. We are flexible and keep on refining by incorporating high-end solutions to stay aligned with the market.

EMPLOYEE FRIENDLY POLICIES FOR HUMAN RESOURCES

In IT related Company the success, growth and quality of the product and timely delivery of the product depends uponthe expertise, experience and skill of the employees. The Major cost component of the Company is Employees salary and benefit cost. Our company has adopted employee friendly policies to attract, train, motivate and retained the employees for the Company. The Company are providing destress zones, Inhouse Cafeteria and good infrastructure facilities which reduces the employee turnover of the company. The best performing employees are rewarded by the Company in addition to the normal remuneration. The promoter has philosophy to share the wealth with the employees which has created with their dedication towards work.

FOCUS ON A TARGETED CLIENT PORTFOLIO

We intend to build long-term sustainable business relationships with our clients to generate greater revenues. As part of the strategy, we plan to have an optimal client portfolio to better focus and serve our clients across the geographiesand industries in which we do business. Our ability to establish and strengthen client relationships and expand the scope of services we offer to clients will help us grow our revenues and profits.

FOCUS ON EXPANSION ACROSS EACH VERTICAL TO CAPITALIZE ON INDUSTRY OPPORTUNITY

We regularly track new technologies, industry segments and market trends in the IT solutions market. We plan to expand our service offerings as and when there exists an opportunity. We believe that IT has great potential for development leading to value addition in the entire value chain. We propose to gain expertise in every new technologyplatform coming up in the market for value added services, cost-competitiveness, speed and easy to use. Our companyproposes to use innovative ideas and concepts to achieve performance parameters set by the clients in their day-to- day business processes.

PARTICIPATING IN LARGER PROJECTS

We are targeting clients who have the potential to offer opportunities with large total contract values. We intend to originate large engagements by either identifying opportunities with our existing clients or by targeting new clients whose existing engagements with IT vendors will be up for renewal.

FOCUS ON GREATER INTERNAL OPERATIONAL EFFICIENCY

We plan to develop and invest in frameworks, accelerators, in-house proprietary solutions and customized software processes to drive efficiencies internally. We also plan to increase our profitability by streamlining our cost structure with a focus on high employee utilization and optimizing resource mix.

INDUSTRY OUTLOOK

The outlook for the technology services industry remains positive, driven by increasing investments in digital transformation, cloud adoption, automation, artificial intelligence, e-commerce platforms, and mobile technologies. As businesses continue to modernize their operations and enhance digital capabilities, the demand for innovative and scalable software solutions is expected to remain strong.

Tridhya Tech is well-positioned to capitalize on these opportunities through its diversified service portfolio, strong technical expertise, customer-centric approach, and growing global presence. The Company will continue to focus on strengthening client relationships, expanding its service offerings, enhancing operational efficiencies, and leveraging emerging technologies to drive sustainable growth.

FINANCIAL PERFORMANCE OVERVIEW

On standalone basis, your company during the year under review has reported total revenue of Rs. 2086.66 Lakh which is comparatively lower than last years total revenue of Rs. 3489.58 Lakh. The net profit of the year under review is amounting to Rs. 45.64 Lakh as against net loss Rs. (178.35) Lakh reported in the Previous Year.

On a Consolidation basis, Total Revenue of the Company during the financial year under review is Rs. 2766.96 Lakh as compared to previous years total revenue of Rs. 3,595.10 Lakh. The Consolidated to Profit after tax for the financial year under review is Rs. 68.15 Lakh as compared to previous years net loss of (357.38) Lakh.

DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS

Particulars	F.Y. 2025-26	F.Y. 2024-25
	Standalone	Consolidated	Standalone	Consolidated
Debtors Turnover Ratio	3.08	3.63	3.31	3.24
Inventory Turnover Ratio	NA	NA	NA	NA
Interest coverage ratio	1.07	1.07	0.67	-0.61
Current Ratio	1.79	1.85	0.88	0.90
Debt Equity Ratio	1.52	1.75	2.07	2.33
Operating Profit Margin	-3.48	-1.46	0.10	-0.10
Net Profit Margin	2.19	1.76	-0.05	-0.10
Return on Net worth	1.03	1.13	-0.04	-0.08
P/E Ratio	35.46	23.75	-27.92	-14.05

INTERNAL CONTROL SYSTEMS & RISK MANAGEMENT

The Internal Control System facilitates the effectiveness and efficiency of Company operations and ensures the reliability of financial information and compliance with laws and regulations. In particular, the accounting control system is an important element of the Internal Control System as it helps ensure that the Company is not exposed to excessive financial risks and that financial internal and external reporting is reliable. Your Company has robust internalaudit and control systems. They are responsible for independently evaluating the adequacy of internal controls and provide assurance those operations and business units adhere to internal policies, processes and procedures as well as regulatory and legal requirements. Internal audit team defines and review scope, coordinates and conducts risk based internal audits with quarterly frequency across Company through their audit firm. Existing audit procedures arereviewed periodically to enhance effectiveness, usefulness and timeliness. The Internal control procedures include proper authorization and adherence to authorization matrix, segregation of roles and responsibilities, physically verification, checks and balances and preventive checks on Compliance risk and overseeing of periodical financials etc.

Internal audit entails risk assessment and detailed verification of processes, adequacy of maintenance of accounting records, documentation and supporting, authorizations, review of internal controls, compliance with management policies and laid down procedures, compliance with applicable accounting standards and to verify adherence with applicable statutes, rules, regulation, byelaws, and circulars of the relevant statutory and regulatory authorities.

Your Company continuously monitors and revisits the risks associated with its business. It has institutionalized the procedure for identifying, minimizing and mitigating risks and the same are reviewed periodically. The Companys

Structured Risk Management Process attempts to provide confidence to the stakeholders that the Companys risks are known and well managed. The management of the Company has identified some of the major areas of concern having inherent risk, viz. Client Concentration, Technology Risks and Credit Control. The processes relating to minimizing the above risks have already been put in place at different levels of management. The management of the Company reviews the risk management processes and implementation of risk mitigation plans. The processes are continuously improved. Risk Management comprises three key components which are as below:

S Risk identification

S Risk assessment and mitigation

S Risk monitoring and assurance.

S The risk mitigation plans are reviewed regularly by the Management and Audit Committee of your Company.

HUMAN RESOURCES AND INDUSTRIAL RELATIONS

The Company takes pride in the commitment, competence and dedication of its employees in all areas of the business.The Company has a structured induction process at all locations and management development programs to upgradeskills of managers. Objective appraisal systems based on key result areas (KRAs) are in place for senior management staff. Human resource is considered as key to the future growth strategy of the Company and looks upon to focus its efforts to further align human resource policies, processes and initiatives to meet its business needs.

The Company remains committed to providing a safe, inclusive, and positive work environment that promotes diversity, equal opportunity, teamwork, and employee well-being. By investing in its people and strengthening organizational capabilities, Tridhya Tech aims to enhance productivity, improve service delivery, and support its long-term growth objectives.

CAUTIONARY STATEMENT

The statements in the "Management Discussion and Analysis Report" section describes the Companys objectives, projections, estimates, expectations and predictions, which may be "forward looking statements" within the meaning cfthe applicable laws and regulations. The annual results can differ materially from those expressed or implied, depending upon the economic and climatic conditions, Government policies and other incidental factors.

	FORr TRIDHYA TECH LIMITED
	RAME5H ARJANBHAJ MARAUD
	CHAIRMAN & MANAGING DIRECTOR DIN:07235447
Registered Office:
4fll, One World Weslr Near Ambli T-Junction 200 S. P. Ring Roadr Bopal Ahmetlabad- 360058. Gujarat.
Place: Ahmed abad
Date: 05/09/2026