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ABOUT
Ksolves India Ltd, incorporated in 2014, is engaged in software development, enterprise solutions, consulting & providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare etc. Ksolves curate & develop the best possible software solutions. It is servicing clients across several counties with 410+ in-house technology experts.
Ksolves is a 360-degree software solution provider, known in the industry for its expertise in Big Data (Apache Kafka, Apache NiFi, Apache Spark, Apache Cassandra), Data Science (Artificial Intelligence & Machine Learning), Salesforce, DevOps, Java & Microservices, OpenShift, Penetration Testing etc.
KEY POINTS
Services
The company provides software services such as Salesforce, Machine learning, Javascript, and Penetration Testing, and also provides development of Odoo apps, Magento apps, Salesforce apps, and other iOS/Android apps. The company’s big data division provides services such as Apache Nifi, Spark, Kafka, and Cassandra.
Revenue Split FY23
Segment Wise Breakup
Services: 97%
Products & Customization: 3%
Technology Wise Breakup
Mobile & Open-Source Technologies - 10%
Artificial Intelligence - 11%
Salesforce - 32%
QA & Automation - 4%
Big Data - 13%
Odoo- 14%
Dev Ops- 13%
Geographical Split
India: 23%
Europe: 7%
North America: 66%
Rest of the World: 4%
Clientele
The company’s clientele includes Onpoint Group, Sharemeister, Knight Broadband, Ekogenio, CountAbout, Cut Yeti, and Hardy Nutritionals among others. [4] During FY23, the client base remained widely diversified, with 40+ IT services clients across 25+ countries with a top 5 client contribution of 33%.
Subsidiaries
In FY23, the company acquired shares equivalent to 100% of the total capital of Ksolves LLC, USA. As a consequence, Ksolves LLC, USA, has become the wholly owned subsidiary of the Co. from June 11, 2021.
Partnerships
The company has entered into strategic partnerships with Salesforce, Adobe, Odoo, and Drupal Association.
Promoter Holding
The promoter holding in the company has reduced from 68% in March 2021 to ~59% as of the financial year ending 31st March 2023.
Migration
During FY23, the company has proposed the agenda for the Migration of equity shares of the company from the Emerge platform of the National Stock Exchange of India Limited (NSE) to the mainboard of the National Stock Exchange of India Limited (NSE) AND BSE Limited (BSE) through the postal ballot dated July 14, 2022.
Focus
Its key focus areas are Data Sciences/Big Data/Al & ML as well as the Onshore presence of Sales and Client Management teams.
Ksolves India Ltd, incorporated in 2014, is engaged in software development, enterprise solutions, consulting & providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare etc. Ksolves curate & develop the best possible software solutions. It is servicing clients across several counties with 410+ in-house technology experts.
Ksolves is a 360-degree software solution provider, known in the industry for its expertise in Big Data (Apache Kafka, Apache NiFi, Apache Spark, Apache Cassandra), Data Science (Artificial Intelligence & Machine Learning), Salesforce, DevOps, Java & Microservices, OpenShift, Penetration Testing etc.
KEY POINTS
Services
The company provides software services such as Salesforce, Machine learning, Javascript, and Penetration Testing, and also provides development of Odoo apps, Magento apps, Salesforce apps, and other iOS/Android apps. The company’s big data division provides services such as Apache Nifi, Spark, Kafka, and Cassandra.
Revenue Split FY23
Segment Wise Breakup
Services: 97%
Products & Customization: 3%
Technology Wise Breakup
Mobile & Open-Source Technologies - 10%
Artificial Intelligence - 11%
Salesforce - 32%
QA & Automation - 4%
Big Data - 13%
Odoo- 14%
Dev Ops- 13%
Geographical Split
India: 23%
Europe: 7%
North America: 66%
Rest of the World: 4%
Clientele
The company’s clientele includes Onpoint Group, Sharemeister, Knight Broadband, Ekogenio, CountAbout, Cut Yeti, and Hardy Nutritionals among others. [4] During FY23, the client base remained widely diversified, with 40+ IT services clients across 25+ countries with a top 5 client contribution of 33%.
Subsidiaries
In FY23, the company acquired shares equivalent to 100% of the total capital of Ksolves LLC, USA. As a consequence, Ksolves LLC, USA, has become the wholly owned subsidiary of the Co. from June 11, 2021.
Partnerships
The company has entered into strategic partnerships with Salesforce, Adobe, Odoo, and Drupal Association.
Promoter Holding
The promoter holding in the company has reduced from 68% in March 2021 to ~59% as of the financial year ending 31st March 2023.
Migration
During FY23, the company has proposed the agenda for the Migration of equity shares of the company from the Emerge platform of the National Stock Exchange of India Limited (NSE) to the mainboard of the National Stock Exchange of India Limited (NSE) AND BSE Limited (BSE) through the postal ballot dated July 14, 2022.
Focus
Its key focus areas are Data Sciences/Big Data/Al & ML as well as the Onshore presence of Sales and Client Management teams.
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