Atishay Ltd

We strive to maintain a work environment where every idea is acknowledged and every voice is heard. From the leadership at the helm of the organisation to the people working diligently away from the limelight, we ensure our people feel valued in this workspace.

Shareholders,

We are at a defining juncture in history, where digital technologies are not just enhancing efficiency— they are reshaping the very fabric of economies, governance, and society. The digital revolution is accelerating progress toward a smarter, more sustainable, and inclusive world. At Atishay, we are proud to be at the forefront of this transformation. With a steadfast focus on innovation and impact, we deliver tailored digital solutions that empower governments, strengthen public infrastructure, and uplift communities. Our commitment to driving meaningful change through technology remains unwavering— as we create long-term value for our stakeholders and contribute to nation-building in a digitally connected future.

As I present to you the annual report for FY 2024-2025, it gives me immense joy to share our achievements and outline our plans for the future. This annual report details our journey amid India's evolving economic landscape and our efforts to strengthen Atishay's position in the market.

Contributing to India's growth story

Despite macroeconomic headwinds, India has maintained its position as one of the fastest-growing major economies, registering a growth rate of 6.5% in FY 2024-2025. India's digital transformation played a crucial role in sustaining this positive growth trajectory. With the Digital India programme allocating H 14,903 Cr from 2021 to 2026, it has strategically altered the pace of India's growth story, building a robust digital infrastructure and driving digital inclusion.

As India strategically progresses towards becoming a developed nation by 2047, we are also aligning our goals with the vision of ‘Viksit Bharat@2047'. We are poised to capitalise on emerging opportunities, leveraging our core competencies in e-governance and retail fintech. With a client portfolio featuring over 12+ Government entities and Public sector undertakings across 6 states, we have successfully executed projects cumulatively worth over 85 Cr. over the last three financial years. We remain steadfast in our commitment to contributing to India's digital revolution.

Our performance at a glance

Our financial performance in FY 2024-2025 is a strong testament to our resilience and strategic execution amid volatile market conditions. Over the past three years, we have consistently demonstrated robust growth, with our sales revenue increasing by 9% in FY 2022-2023, 102% in FY 2023-2024, and a further 18% in FY 2024-2025. For the current year, our sales revenue stood at H 51.15 crore, reflecting a year-on-year growth of 18%.

Net profit reached approximately H 7.01 crore, marking a growth of 26% over the previous year, while our EBITDA stood at H 11.69 crore. This consistent upward trajectory is a direct result of our team's focused execution, operational excellence, and the growing demand for our services.

Growing from strength to strength

To build a sustainable organisation, it is essential to understand the pulse of the market, deliver solutions that meet evolving customers' needs. Therefore, we have fine-tuned our strategies to increase our presence in agricultural and rural departments by enabling them with advanced IT solutions. We have secured several significant contracts across multiple states, including the digitisation of Primary Agriculture Credit Societies (PACS) Madhya Pradesh and Himachal Pradesh, Agriculture and Rural Development Banks in Himachal Pradesh and software that supports digital and financial efforts of the government in Rajasthan and Himachal Pradesh. Additionally, we have won orders for the supply of micro-ATMs and the integration of smart classrooms in educational institutions.

We have also received contracts to print and deliver Ayushman Cards in Haryana and Odisha, foraying into the healthcare segment. Further, we have also been entrusted with computerising Registrar of Cooperative Societies (RCS) offices in Himachal Pradesh, marking a significant addition to our portfolio and underscoring our capability in managing large-scale e-governance projects.

Looking ahead, we are adopting cutting- edge technologies such as AI, Big Data and Blockchain to bolster our capabilities to deliver exceptional value to our clients.

Acknowledging the team behind our success

Our talented team plays a crucial role in shaping our success story. As of March 2025, we are a team of 285 employees

who have demonstrated indomitable zeal and unswerving determination in helping us achieve our organisational goals.

As we scale, we have prioritised creating a highly skilled workplace. Through strategic training programmes, we aim to equip our employees with the technical and leadership skills required to navigate this evolving business landscape. The constructive feedback from our staff further encourages us to consistently foster a culture of empowerment.

We strive to maintain a work environment where every idea is acknowledged and every voice is heard. From the leadership at the helm of the organisation to the people working diligently away from the limelight, we ensure our people feel valued in this workspace. With the constant support from our staff, we are confident in our ability to think fearlessly and drive innovation, even in the face of uncertainty. We are also deeply committed to integrating sustainability into our operations. Our digital solutions, such as paperless e-governance systems, have significantly helped in reducing environmental impact.

Thank You

As I conclude my letter, I would love to extend my heartfelt gratitude to our shareholders; your continued trust and support have encouraged us to consistently push the limits of possibilities. On behalf of the Board of Directors, we appreciate the trust that our customers, partners, stakeholders and shareholders have placed in us. As we stride ahead, we are optimistic about the future that lies ahead. We have set a solid foundation for growth and designed a clear strategy to seize new opportunities. Together, we will continue to grow and shape a connected tomorrow.