About Company

• Incorporated on July 4,1997, Orient Technologies Ltd (“OTL”) is offering a wide ranging and diversified bouquet of product and service offerings and classify their business into 3 verticals as:

• IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing. Data Centre Solutions offers servers, storage, active and passive networking components (such as switches, routers, access points etc.), collaboration solutions (such as solutions for CCTV (i.e., closed circuit television) and transmission of feed from CCTV, and virtual conferences / meetings), and security solutions. End user computing involves desktop management, end-user support, and mobile device management.,

• IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.,

• Cloud and Data Management Services: Services include migration of workload from data centres to cloud.

• OTL has recently ventured into ‘Device as a service (DaaS)’. Under DaaS they provide desktops, laptops, tablets, printers, scanners, smartphones, and servers, bundled with software, along with managed services on a ‘pay-per-use’ model i.e. on a subscription basis.

• OTL’s business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners including Dell International Services India Pvt Ltd (Dell) and Fortinet, Inc. (Fortinet) and Nutanix Netherlands B.V. (Nutanix).

• OTL’s range of customised offerings and their ability to specifically tailor solutions to the specific needs of customers have enabled them to garner prominent customers with long term association across industries and they count leading public and private sector entities across diverse customer industries such as banking, financial services, and insurance (BFSI), IT, IteS, healthcare/ pharmaceutical (Customer Industries).

• The company has received ISO 27001:2013, ISO 20000-1:2018 (ITSM) ISO 9001:2015 (QMS) and ISO/IEC 27001:2013 (ISMS) certifications. They have also been awarded CMMI Maturity Level 3 Certificate.

Strengths

Competitive Strength 

• Marquee customer base across diverse Customer Industries;

• Wide ranging and diversified IT solutions and offerings
• Track record of financial performance

Business Strategies

• Expanding and augmenting the product and services portfolio;

• Expanding the geographic footprint;

• Investing in the growth of the employees.

Company Promoters

Company Financials

Orient Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards the following objects:

1. Acquisition of office premise at Navi Mumbai situated at units no 1201, 1202, 1203, and 1204, respectively which are situated at Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively, Navi Mumbai Property);
2. Funding capital expenditure requirements for:
   i.Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property; and
   ii.Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.(collectively, Capital Expenditure).
3. General corporate purposes.