Trigyn Technologies Ltd Management Discussions

Overview

Trigyn Technologies Limited (“Trigyn” or “TTL” or the “Company”) is a trusted global technology partner delivering end- to-end IT solutions and services to governments, intergovernmental organizations, and enterprises worldwide. With operations in over 25 countries and a track record of delivering mission-critical solutions in highly complex environments, Trigyn has earned a reputation for service quality, innovation, and client value.

FY2024-2025 marked a strategic transition year for the Company. While overall performance was impacted by the loss of a single large contract late in FY2023-2024, Trigyn responded with a focused retooling of operations, investments in leadership, and expansion of delivery capabilities. During FY2024-2025, the Company saw approximately 30% growth in its billable resources deployed for U.S. client engagements. This underscores Trigyns ability to compete and win in mature, high-value markets and validates its long-term growth strategy. The full financial benefit of this growth is expected to be seen in the 2025-2026 fiscal year.

A new senior management team, including a Chief Executive Officer, Chief Technology Officer and Chief Delivery Officer and other strategic hires, are the key parts of our strategy to accelerate Trigyns shift toward an AI-led solutions and services model. This leadership transformation is driving greater operational efficiency, innovation, and business development momentum, positioning the Company for sustainable growth across both established and emerging markets.

Trigyn continues to embed AI, automation, and data-driven decision-making across its service portfolio, leveraging Centers of Excellence and reusable accelerators to deliver scalable, secure, and future-ready solutions. Supported by a resilient global delivery model, a talented workforce, and a growing ecosystem of technology partnerships, Trigyn is well-positioned to capitalize on rising demand for Al-driven transformation, cloud modernization, and mission-critical digital platforms.

With these strategic investments, Trigyn enters FY2025-2026 with a strengthened foundation for growth, a diversified client base, and a clear roadmap for scaling innovation to meet evolving client and market needs.

Quality

At Trigyn the management and the employees are committed to secure a long-term partnership with customers by providing world class solutions and services that exceed expectations.

We recognize that consistent satisfaction of customer needs is essential to business survival. We diligently work towards securing a long term partnership with each customer and we intend doing this by:

1. Developing a productive work environment and fostering a performance-based culture.

2. Continual improvement of processes will lead to the achievement of higher levels of performance.

3. Focusing on managing, leading and developing people resulting in proactive employees, positive management and high performing teams.

4. Ensuring that quality standards are met prior to delivery of all products and services, through appropriate quality control and quality assurance practices.

5. Trigyn has adopted and achieved ISO 9001:2015, ISO 27001:2022, ISO 20000:2018, ISO 14001:2015 and CMMI Level 5 DEV Version 2.0 international quality standards for process definition and improvement.

6. Trigyn achieved Capability Maturity Model Integration (CMMI) Level 5 DEV Version 1.3 in the year 2018 and was reappraised in CMMI Level 5 DEV Version 2.0 in the year 2021 and 2023. CMMI is a capability improvement framework that provides organizations with the essential elements of effective processes that ultimately improve their performance. An appraisal at maturity level 5 indicates that the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes.

7. I n our effort to strive toward continual improvement, we remain committed to provide world class solutions and services that exceed customer expectations.

A. Industry Structure and Development

The global technology services industry is undergoing a period of profound transformation, fueled by rapid advances in artificial intelligence, cloud computing, automation, cybersecurity, and data analytics. Organizations across sectors are prioritizing digital-first strategies to enhance operational resilience, deliver superior user experiences, and address evolving regulatory requirements. This accelerating pace of change has increased demand for integrated, Al-enabled solutions that can scale globally while being tailored to local needs.

Market trends shaping the industry include:

• AI and Automation as Core Enablers: AI-driven analytics, predictive modeling, and intelligent automation are redefining workflows and decision-making, enabling organizations to innovate faster and operate more efficiently.

• Cloud-Native and Edge Computing Expansion: Hybrid and multi-cloud adoption is becoming the default, with enterprises seeking flexible, secure, and cost-optimized infrastructures that support AI workloads at scale.

• Data-Driven Strategy: The explosion of enterprise and citizen data is fueling investments in modern data platforms, governance frameworks, and MLOps pipelines to unlock actionable insights.

• Cybersecurity and Compliance: Heightened cyber risks and evolving global regulations are prompting organizations to adopt zero-trust security models, continuous monitoring, and AI-driven threat intelligence.

• Digital Government and Social Impact Solutions: Governments and public sector entities are driving large- scale modernization, creating demand for platforms that improve service delivery, healthcare, and citizen engagement.

• Sustainability and ESG-Driven IT: Organizations are increasingly aligning technology strategies with ESG goals, requiring solutions that are energy-efficient, transparent, and ethically deployed.

Trigyn is strategically positioned to address these dynamics through its AI-led solutions and services strategy. With nearly four decades of experience supporting governments, intergovernmental organizations, and enterprises, the Company has built deep expertise in delivering mission-critical digital platforms across diverse regulatory and operational landscapes.

To stay ahead of evolving client expectations, Trigyn has:

• Strengthened leadership and delivery excellence through the appointment of a new senior management team focused on scaling AI-led innovation.

• Expanded Centers of Excellence (CoEs) in AI, data engineering, cloud services, cybersecurity, and IoT, which serve as hubs for reusable accelerators and innovation frameworks.

• Invested in talent transformation programs to create a workforce that is future-ready, digitally skilled, and agile.

• Built a resilient global delivery model capable of serving large-scale, complex projects across more than 25 countries.

NextGen Delivery

I n response to evolving customer expectations and rapid technological advancements, Trigyn is embracing the NextGen Delivery Model—a strategic evolution in IT service delivery that aligns with the demands of digital transformation, customer-centricity, and operational agility.

This model enables Trigyn to move beyond traditional outsourcing and service paradigms, integrating agility, automation, AI, and a customer-first mindset. It positions us to deliver faster, smarter, and more scalable solutions in a digital landscape where innovation is key.

Key Features

• Agile & POD-Based Delivery: Accelerates development cycles and enhances team collaboration.

• AI-Enabled Operations: Drives intelligent automation and predictive capabilities.

• Outcome-Based Engagements: Focuses on delivering measurable business value.

Strategic Benefits

• Improved Transparency & Governance: Enhances visibility and accountability across delivery.

• Faster Time to Market: Speeds up solution deployment and responsiveness.

• Business Alignment: Strengthens our role as a strategic partner to clients.

Trigyn s adoption of this model reflects our commitment to continuous innovation and excellence in service delivery. It will empower us to better meet client needs, adapt to market dynamics, and lead with purpose in the digital era.

These strategic investments, coupled with a growing partner ecosystem spanning hyperscalers, emerging AI platforms, and niche technology providers, position Trigyn as a trusted transformation partner for clients seeking to modernize operations and deliver measurable business outcomes.

B. Opportunities and Threats

• Opportunities

The demand for Al-driven transformation, digital platforms, and secure IT services continues to grow, presenting significant opportunities for Trigyn. The Companys strategic shift toward AI-led solutions and investments in leadership, delivery excellence, and Centers of Excellence position it strongly to capture value in both established and emerging markets.

Key opportunity areas include:

• AI and Automation at Scale: Organizations are seeking AI-enabled solutions for automation, decision intelligence, and predictive analytics. Trigyns reusable accelerators, MLOps pipelines, and advanced AI delivery capabilities are designed to reduce implementation time and deliver measurable business outcomes.

• Digital Government and Citizen Services: With decades of experience supporting governments and IGOs, Trigyn is well-positioned to lead large-scale modernization initiatives in areas such as healthcare, public safety, and Smart City infrastructure.

• Cloud-First and Data-Driven Enterprises: Enterprises are accelerating their shift to multi-cloud, data platform modernization, and edge computing, areas where Trigyn offers strong expertise and scalable solutions.

• Cybersecurity as a Strategic Priority: Heightened cyber risks are creating demand for AI-powered security services, including threat intelligence, zero-trust frameworks, and compliance management.

• Market Expansion in the U.S. and New Regions: The Company achieved approximately 30% growth in its placement of billable resources with U.S. clients during FY2024-2025, validating its capabilities in highly competitive markets. Building on this momentum, Trigyn is selectively expanding its footprint in other geographies.

• Strategic Partnerships: A growing ecosystem of alliances with hyperscalers, AI innovators, and niche providers enables Trigyn to deliver next-generation services and stay ahead of technology trends.

• Threats

While market conditions remain favorable for digital transformation, Trigyn remains vigilant about risks that could impact its growth trajectory:

• Macroeconomic and Geopolitical Uncertainty: Global economic slowdowns and geopolitical events can impact client budgets and delay large-scale initiatives, particularly in the public sector.

• Talent Availability and Rising Costs: Demand for highly skilled professionals in AI, cybersecurity, and cloud engineering continues to outpace supply. Trigyn is mitigating this risk through targeted reskilling programs and global talent hubs.

• Technology Disruption: The rapid pace of AI and digital innovation requires constant investment to ensure Trigyn remains at the forefront of new developments.

• Competitive Market Dynamics: Intense competition from both large technology providers and agile startups requires continuous differentiation through innovation and domain expertise.

• Regulatory and Compliance Challenges: Operating across multiple regions necessitates strict adherence to data privacy, AI ethics, and evolving security regulations. Trigyns certification framework (ISO 9001, ISO 27001, ISO 20000, CMMI Level 5) and governance structure provide strong safeguards.

Strategic Positioning

Trigyns new senior leadership team has accelerated a transformation agenda designed to strengthen delivery excellence, expand market presence, and embed AI into every aspect of its offerings. While FY25 reflected the impact of a single large contract loss, the Companys investments in people, partnerships, and platforms have created a resilient foundation for FY26 and beyond. This combination of deep domain expertise, a diversified client base, and a future-focused innovation strategy positions Trigyn as a trusted partner for global enterprises and governments navigating digital change.

C. Segment-wise or product-wise performance

Trigyns business activities fall within a single reportable segment, “Communication and Information Technology Staffing Support Services”, which encompasses a comprehensive portfolio of IT solutions, services, and consulting offerings. In alignment with our Al-led strategy, Trigyn is repositioning its core services to leverage Artificial Intelligence, automation, and data-driven insights as foundational elements of every engagement. This focus ensures we deliver not only technology solutions but also measurable outcomes that empower clients to modernize, scale, and innovate faster.

Al-Led Solutions and Services

Trigyns AI-first approach transforms how we design, deliver, and support enterprise solutions. By embedding AI and machine learning capabilities across all service areas, we help clients accelerate digital transformation, unlock new business models, and achieve operational excellence.

Our services include:

• Enterprise Digitalization & Process Intelligence. Leveraging AI and automation to streamline business workflows, enable real-time decision-making, and drive efficiency.

• Cloud Services & AI Ops. Cloud-native consulting, migration, and optimization services enhanced by AI- driven monitoring, predictive analytics, and automation for cost and performance optimization.

• Data Platforms, Analytics, and MLOps. End-to-end data engineering, big data platforms, and advanced analytics solutions, enabling clients to build robust data ecosystems and deploy scalable ML models with governance.

• AI-Powered Smart City & IoT Solutions. Integrated platforms using AI, computer vision, and IoT sensors to deliver actionable insights for urban mobility, energy efficiency, security, and citizen services.

• Healthcare & Medicaid Technology Services. Modernizing Medicaid systems and public health platforms with AI-assisted compliance, predictive health analytics, and digital engagement tools to improve care delivery.

• Security & Risk Management. AI-driven cybersecurity solutions leveraging threat intelligence, automation, and continuous monitoring to help clients stay ahead of evolving risks.

• Staffing & Consulting Services. Providing highly skilled technology professionals, with increasing emphasis on AI, data science, and cloud expertise to meet emerging business needs.

• Digital Learning & Knowledge Platforms. Intelligent learning platforms incorporating AI-based personalization, advanced content analytics, and immersive technologies to support workforce upskilling.

Driving Client Value

Across industries and geographies, Trigyns delivery model integrates Centers of Excellence (CoEs), AI/ML accelerators, and reusable frameworks that ensure repeatability, scalability, and faster time-to-value. Our solutions focus on measurable outcomes—ranging from reduced operational costs and improved service levels to enhanced customer experiences and stronger compliance posture.

By embedding AI into the core of every service, Trigyn is evolving from a traditional IT services provider into a strategic transformation partner, helping organizations prepare for an AI-driven future.

Despite a year-over-year contraction in revenue, Trigyn achieved approximately 30% growth in its placement of billable resources with U.S. clients, validating its competitive strength in mature markets and underscoring the effectiveness of its transformation strategy. With a new senior leadership team and a renewed focus on AI-led innovation, the Company is confident in its ability to deliver sustainable growth in FY26 and beyond.

D. Industry Outlook

The technology industry is experiencing an unprecedented era of transformation, driven by rapid advances in artificial intelligence, cloud computing, data analytics, automation, and cybersecurity. Enterprises and governments are increasingly adopting digital-first strategies to achieve greater operational efficiency, resilience, and scalability. Global IT spending continues to grow, with significant investments being directed toward AI-driven automation, modernization of legacy platforms, and secure, cloud-native infrastructure.

Key industry trends influencing Trigyns strategy include:

• AI as a Catalyst for Enterprise Transformation: AI and machine learning are reshaping industries, from predictive healthcare and personalized citizen services to autonomous systems and advanced analytics.

• Cloud-Native and Edge Computing Adoption: Enterprises are accelerating cloud adoption, edge capabilities, and hybrid strategies to drive agility and innovation at scale.

• Data as a Strategic Asset: The explosion of enterprise and citizen data is fueling demand for advanced analytics, data platforms, and AI governance frameworks.

• Cybersecurity and Compliance Prioritization: Increasing regulatory scrutiny, rising cyber threats, and global data privacy laws are driving investment in security architecture and zero-trust frameworks.

• Public Sector and Social Impact Solutions: Governments and intergovernmental organizations are investing heavily in citizen-centric digital platforms, healthcare modernization, and Smart City initiatives—areas where Trigyn has a demonstrated track record.

• Sustainability and ESG-Driven Innovation: Technology investments are increasingly tied to ESG goals, with demand for energy-efficient IT, responsible AI, and sustainable operations shaping client priorities.

Trigyns strong global presence, long-standing expertise in mission-critical engagements, and ability to deliver solutions at scale across the globe position it to capture these opportunities. By embedding AI across its service portfolio, leveraging automation to enhance delivery, and fostering a culture of continuous innovation, Trigyn is building a resilient, future-ready business model that aligns with both market demand and long-term client goals.

Industry Alliances

At Trigyn, strategic alliances are a core enabler of innovation, scalability, and growth. The Company has developed a three-tiered partnership ecosystem designed to strengthen its AI-led solutions and accelerate delivery for clients in both established and emerging markets. These alliances allow Trigyn to integrate best-inclass technologies, co-develop solutions, and quickly adapt to evolving market demands.

Our Partnership Model

1. Global Hyperscalers and Enterprise Platforms. Trigyn maintains deep relationships with leading hyperscalers and enterprise technology vendors to ensure its solutions are architected on robust, scalable, and secure platforms. These partnerships enable clients to leverage cutting-edge cloud, data, and infrastructure capabilities while ensuring future-ready IT investments.

2. Emerging AI and Generative AI Innovators. Trigyn actively engages with high-growth technology providers in AI and GenAI to bring advanced capabilities—including natural language processing, computer vision, and intelligent automation—into its solutions. This strategy allows clients to access the latest AI innovations with speed and precision.

3. Niche Providers and Domain-Specific Specialists. Trigyn collaborates with specialized partners that bring deep expertise in industry-specific and mission-critical domains. These relationships expand the Companys ability to deliver tailored, high-value solutions to government agencies, IGOs, and enterprises.

Driving Value Through Alliances

This multi-layered approach ensures Trigyns solutions combine enterprise-grade reliability with emerging innovation, helping clients stay ahead in a rapidly changing digital landscape. Through its alliances, Trigyn is able to:

• Accelerate delivery timelines using pre-integrated platforms and proven architectures.

• Rapidly scale Al-led innovation across multiple industries and regions.

• Co-create solutions with technology leaders to address evolving regulatory, operational, and ESG requirements.

• Offer flexibility and transparency by engaging with open-source communities where appropriate.

Under the guidance of the new senior leadership team, alliances have become a strategic growth lever, supporting Trigyns vision to expand its business development reach, deepen client relationships, and drive transformational outcomes.

By combining enterprise-scale platforms with cutting-edge AI and niche expertise, Trigyn has built a partnership ecosystem that is dynamic, future-proof, and client-centric, ensuring it can deliver value at scale across all of the markets we serve.

E. Risks and Concerns

Trigyn operates in a rapidly evolving global technology services market that offers significant growth potential but also carries inherent risks. The Company maintains a comprehensive risk management framework to proactively identify, monitor, and mitigate challenges to its strategic objectives, operational resilience, and reputation.

Key risks and mitigation measures include:

• Global Economic and Geopolitical Volatility: Economic slowdowns, political instability, and currency fluctuations may impact project budgets and procurement cycles, particularly in public sector engagements. Trigyns diverse geographic footprint and multi-sector client base help offset exposure to regional economic challenges.

• Talent Availability and Rising Costs: The industry faces persistent shortages in specialized AI, cloud, and cybersecurity skills. Trigyn continues to invest in talent hubs, reskilling initiatives, and leadership development programs to ensure workforce readiness and competitive delivery capability.

• Technology Disruption: The rapid evolution of AI, automation, and cloud technologies requires ongoing investment in innovation and delivery capabilities. Trigyns Centers of Excellence (CoEs), reusable accelerators, and strong technology partnerships ensure it remains at the forefront of emerging trends.

• Cybersecurity and Data Privacy Risks: Expanding regulatory frameworks, including global data protection laws and AI governance standards, require heightened vigilance. Trigyn has strengthened its security posture through ISO 27001 certification, zero-trust architectures, and continuous compliance monitoring.

• Regulatory and Compliance Complexity: Operating across multiple geographies necessitates strict adherence to local laws and international standards. The Company maintains a robust governance structure and regular internal audits to manage regulatory risk.

• Client Concentration: Historically, the Companys revenue profile included significant exposure to a small number of large contracts. The loss of a single major contract in FY2023-2024, while impacting overall performance in FY 2024-2025, it has also led us to aggressively diversify Trigyns business base, reducing concentration risk and strengthening resilience going forward.

• Competitive Market Dynamics: The technology services sector is highly competitive, with pressures from large global players and agile Al-first startups. Trigyns investment in innovation, partnerships, and differentiated domain expertise positions it well to maintain and expand market share.

• Sustainability and ESG Expectations: Growing client focus on responsible technology deployment, energy efficiency, and AI ethics requires ongoing investment in ESG initiatives and ethical innovation practices.

Despite these challenges, Trigyn enters FY26 with a stronger business mix, diversified revenue streams, and

scalable delivery model. The Companys new senior leadership team is driving an organizational transformation that enhances risk resilience, accelerates market expansion, and aligns innovation initiatives with global client needs.

F. Internal Control System and their Adequacy

Trigyn continuously reviews its Internal Control system in order to further strengthen and make it commensurate with the size and nature of the business which currently is well defined and commensurate with the scale of operations of the Company.

The CFO certification provided in the Annual Report discusses the adequacy of our internal control systems and procedures.

G. Results of Operations and Segment

The Company continues to maintain a strong balance sheet and operational foundation, enabling it to navigate evolving market conditions and position itself for sustained, long-term growth. While certain ratios reflect a year- over-year decline, these shifts are significantly the result of the loss of a single large contract late in the 2023-24 fiscal year which significantly impacted our 2024-25 company performance. The company has also made deliberate investments in strengthening delivery capabilities, expanding global reach, and enhancing operational resilience which we expect to show dividends in the coming quarters and years.

During the year under review on Consolidated Basis the Company has earned a revenue of Rs. 89,805.18 Lakhs as against Rs. 1,27,966.23 Lakhs in the previous year. Earnings After Tax are Rs. 1,176.94 Lakhs as against Rs. 1,996.33 Lakhs in the previous year.

With respect to the Standalone Basis, the company has earned a revenue of Rs. 15,307.91 Lakhs as against Rs. 17,526.55 Lakhs in the previous year. Earnings After Tax are Rs. 136.86 Lakhs as against Rs. 651.06 Lakhs in the previous year.

In accordance with Accounting Standard Ind AS 108 ‘Operating Segment, the company is having single reportable segment i.e. “Communications and information technology staffing support services”.

Key Financial Ratios

Sr No. Particular	STANDALONE			CONSOLIDATED
	Year ended March-25	Year ended March-24	YOY (Change in %)	Year ended March-25	Year ended March-24	YOY (Change in %)
Ratios:
1 Current ratio	1.56	1.42	10%	4.82	4.26	13%
2 Debt Equity ratio	0.05	0.01	694%	0.017	0.007	157%
3 Debt Service charge ratio	49.74	41.93	19%	83.63	135.91	(38%)
4 Return on equity ratio	1%	3%	(79%)	2%	3%	(43%)
5 Inventory turnover ratio	18.66	19.32	(3%)	109.49	141.03	(22%)
6 Trade receivables turnover ratio	2.59	3.31	(22%)	3.65	4.62	(21%)
7 Trade Payables Turnover Ratio	19.77	19.78	(0.04%)	11.56	13.48	(14%)
8 Net Capital Turnover ratio	3.11	3.50	(11%)	1.64	2.81	(42%)
9 Net Profit ratio	1%	4%	(76%)	1%	2%	(16%)
10 Return on Capital Employed	4%	5%	(14%)	4%	6%	(31%)

Reasons for significant changes:

Standalone:

- Current ratio has increased because advances received from the subsidiary company (TTI) for management services were set off against the rendered services, leading to a decrease in current liabilities during the year

- Debt equity ratio has increased as cash credit facility was taken during the year resulting into increase in debt

- Debt service coverage ratio has increased during the year as lease liability amount has decreased more compared to the earnings

- Average inventory has decreased during the year hence the inventory turnover ratio has decreased

- Trade receivables turnover ratio has decreased due to decrease in turnover during the year

- Net profit margin and Return on Equity has decreased due to decrease in the revenue, additional provision for previous year tax & loss on sale of fixed asset during the year, resulting in decrease in profit

- Net Capital Turnover ratio has decreased due to decrease in turnover during the year

- Return on Capital employed has decreased due to increase in debt (CC Limit)

Consolidated:

- Trade payables have decreased, and Inventory has increased hence current ratio has increased

- Debt equity ratio has increased as cash credit facility was taken during the year resulting into increase in debt

- Debt service coverage ratio has decreased because the earnings before debt service have reduced

- Return on equity ratio has decreased due to decrease in Net Profit

- Inventory Turnover ratio decreased as average inventory and revenue has decreased

- Trade receivables ratio has decreased due to decrease in turnover and revenue during the year.

- Trade payables ratio has decreased as turnover and operating expenses including credit purchases have reduced

- Net profit margin and Return on Equity has decreased due to decrease in revenue, additional provision for previous year tax & loss on sale of fixed asset during the year, resulting in decrease in profit

- Net Capital Turnover ratio has decreased due to decrease in turnover during the year.

- Return on Capital employed has decreased due to increase in debt (CC Limit)

Summation

FY2025 was a year of transition and investment for Trigyn. While overall performance reflected the impact of a single large contract loss in late FY2023-2024, this one-time event has created a more balanced and diversified business mix and prompted strategic investments to strengthen delivery capabilities, expand market reach, and accelerate the Companys AI-led growth strategy.

The Company enters FY2025-2026 with a solid financial foundation, strong liquidity, and low leverage,

providing the flexibility to pursue new opportunities while maintaining operational discipline. Notably, Trigyns placement of billable resources with U.S. clients grew by approximately 30% in FY2024-2025, demonstrating Trigyns competitiveness in high-value markets and validating the effectiveness of its retooling strategy.

During FY2024-2025, Trigyn prioritized organizational transformation, appointing a new senior leadership

team to drive innovation, operational excellence, and market expansion. Investments in Centers of Excellence, reusable AI accelerators, and global delivery optimization have positioned the Company to deliver higher- value solutions at scale and capture growth in areas such as AI, cloud modernization, cybersecurity, and digital government platforms.

Looking ahead, Trigyn is confident in its ability to return to growth in FY26, supported by a more diversified portfolio, strengthened leadership, and an innovation-driven service model. These efforts ensure the Company is well-positioned to deliver sustainable value to shareholders, clients, and stakeholders in a rapidly evolving digital economy.

H. Material Developments in Human Resource/Industrial Relations front, including number of people employed

The Company believes that effective human resource management is essential for ensuring that talent strategies align with Trigyns long-term organizational goals and client commitments. In FY2025, the Company focused on organizational transformation and workforce retooling to support its shift toward an AI-led solutions and services model.

While total global workforce numbers declined by approximately 14% to 1648 employees (including both fulltime and contractual workers) during FY2024-2025, this was primarily the result of the loss of a single large contract late in FY2023-2024, whose impact was significantly felt in this reporting period. This change, while challenging, has resulted in a more diversified business base and reduced dependency on a small number of large engagements. Importantly, Trigyn achieved approximately 30% growth in its placement of billable resources with U.S. clients during the reporting period, reinforcing confidence in its strategy, execution capability, and market competitiveness.

During the year, the Company appointed a new senior management team, including a new Chief Executive Officer, Chief Technology Officer, Chief Delivery Officer and other strategic hires, who are driving organizational restructuring, innovation, and business development efforts. These changes are strengthening Trigyns ability to deliver AI-powered, mission-critical solutions at scale, while positioning the business for sustained growth in both established and emerging markets.

The Companys HR strategy has focused on talent transformation, investing heavily in reskilling and upskilling initiatives across its global workforce. These programs have equipped employees with expertise in next-generation areas, enabling Trigyn to enhance its value proposition and maintain a competitive edge. The Company also strengthened its Centers of Excellence (CoEs), which act as hubs for innovation, best practices, and reusable solution accelerators, furthering operational efficiency and service delivery excellence.

Key developments include:

• AI and Digital Skills Development: Trigyn launched dedicated learning tracks for AI/ML engineering, data platform architecture, cloud-native development, and cybersecurity, resulting in a significant increase in advanced technical certifications across the organization.

• Global Workforce Expansion and Diversity: Trigyn continues to operate across 25+ countries, fostering a multicultural, inclusive workforce. Hiring strategies prioritize diversity, domain expertise, and agility to support mission-critical public sector and enterprise projects.

• Leadership Development Programs: Structured leadership and management training programs were rolled out to nurture next-generation leaders and strengthen the Companys innovation-driven culture.

• Employee Engagement and Well-Being: Initiatives such as hybrid working models, employee assistance programs, and a performance-based rewards framework contributed to improved employee satisfaction and retention.

• Streamlined HR Technology: Enhancements to the Companys HRMS platform provided greater transparency, data-driven workforce planning, and improved employee experience.

Trigyns HR vision is to empower its global workforce to deliver innovation, agility, and measurable client outcomes. Supported by its leadership transformation, AI-first talent strategy, and investments in workforce development, the Company has created a strong foundation for growth, resilience, and scalability in the coming years.

Cautionary Statement

Some of the statements made in this section may contain certain ‘forward looking statements within the meaning of securities laws and regulations in force. Facts which are not historical in nature and include but are not limited to Trigyn business, financial condition, business strategy, plans relating to products and services, future prospects or any related assumptions thereto should be deemed to be ‘forward looking statements and should be considered as such. These ‘forward looking statements are inherently subject to risks and uncertainties, beyond the control of Trigyn and accordingly the actual results could differ materially from those indicated by the ‘forward looking statements. Trigyn shall not be liable for any loss, which may arise as a result of any action taken on the basis of the information contained herein nor would be under any obligation to update the ‘forward looking statements to reflect the developments of events or circumstances hereafter.