InfoBeans Technologies Ltd

Engineering WOW, year after year

Dear Shareholders,

As we look back at FY25, we feel a deep sense of pride in how far we've come, and an even greater sense of responsibility for the road ahead. During the year, we stayed true to our founding belief: that doing meaningful work, the kind that creates WOW experiences for clients, partners, our team and the world at large, is the only way to build a truly enduring company.

In many ways, FY25 was a year of strategic sharpening. We doubled down on what works, scaled what's new, and laid the groundwork for the next phase of InfoBeans' growth.

We closed FY25 with total consolidated revenue of Rs. 409 crore, an increase of nearly 7% from FY24. Our EBITDA margin improved from 17% to 20%, and net profit stood at Rs. 38 crore, up 73% over the previous year. This performance was supported by higher revenue, improved resource utilization and prudent cost control measures, all of which collectively contributed to the increase in profitability.

Our cash reserves stand strong at Rs. 256 crore, giving us flexibility for future investments and potential acquisitions. While inorganic growth remained tepid due to lack of viable targets and slowdown in our core market i.e. the US, we remain open and alert to strategic opportunities that align with our values and vision.

Our foremost focus this year was building a stronger, more resilient organic growth engine. We made substantial investments in our sales team, onboarding Harmeet Bhatia as our Chief Revenue Officer (Americas), along with dedicated sales leaders in Canada and the Nordics. With this, we now have active sales leadership in four crucial geographies - USA, Nordics, Germany, and the Middle East.

These appointments weren't just about geographical expansion; they were about planting seeds of trust and capability where our clients operate, ensuring that we nurture and grow our large enterprise relationships.

The results of this people-first strategy were evident.

3 We on boarded additional billion-dollar revenue enterprise clients this year, taking our total count to 32. Going forward, while the US economy may be experiencing some headwinds, we continue to see significant growth potential in markets like UAE and Germany. Even Canada and Nordics are becoming increasingly attractive from a growth perspective.

FY25 saw us achieve several key milestones. We were appraised at CMMI Level 5, the highest maturity level under the Capability Maturity Model Integration framework. This globally recognized benchmark reinforces our commitment to process excellence, delivery consistency, and operational maturity.

We were honoured to be named the

ServiceNow Partner of the Year 2024 for Consulting and Implementation in the APAC region, and once again recognized as a Great Place to Work for the 9th year in a row. We were also ranked among the Top 100 Best Companies for Women in India, and were named Asia's Best Employer Brand for the 8th consecutive time.

These recognitions reaffirm our belief: that putting people first, be it clients or team members, is a winning strategy.

Our foremost focus this year was building a stronger, more resilient organic growth engine. We have made substantial investments in our sales team this year.

While the contribution of AI to revenue remains modest, we made strong strategic progress in integrating AI into our service delivery and operations.

We launched Expona, our proprietary, in-house AI accelerator, already deployed for a Canadian standards organisation. Expona is InfoBeans IP, and we see it as a cornerstone of our future differentiation. Along with being a service offering, AI is becoming a key enabler for internal productivity, early results from such initiatives are very encouraging.

AI is not just a buzzword. It's a lever for faster, smarter, and more scalable delivery, both for our clients and within our own walls.

Our partnerships strategy gained further momentum with formalised alliances with agineo, Materna, and

Whatfix. Together, these generated revenues of over $1.5 million in FY25. These collaborations serve as vital go-to-market extensions in regions like Europe and North America, allowing us to enter client conversations with greater credibility and sharper positioning.

We intend to grow these partnerships further while adding more complementary alliances across geographies and technologies.

To elevate our governance and strategic thinking which will take InfoBeans to the next level, we were privileged to welcome industry veterans into our fold.

We welcomed Opal Perry, Chief Data and Technology Officer at EasyJet, as an Independent Director. Her global experience in leading complex digital transformations brings an invaluable perspective to our Boardroom.

Phaneesh Murthy, former CEO of iGate and a legendary figure in global IT services, joined us as an Advisor to the Board last year. His insights have already begun contributing to our

To elevate our governance and strategic thinking which will take InfoBeans to the next level, we were privileged to welcome industry veterans like Opal Perry & Phaneesh Murthy into our fold.

strategy discussions, global growth and operational excellence.

Together, these additions represent our aspiration to be a world-class company, steered by a world-class leadership bench.

Our responsibility extends beyond profit. FY25 saw us make meaningful progress on our ESG goals. Through our flagship InfoBeans Foundation, we partnered with IIT-Indore's Drishti CPS Foundation to train and empower over 260 underprivileged students with deep tech skills. Our Information Technology Excellence Programme (ITEP), a full-time, one-year training initiative for students from low-income families, now supports over 280 students with a 90% placement rate.

We planted 2,142 trees this year, each one celebrating a team member's birthday, and each one geo-tagged as a living memory. Our teams also continued to engage in physical and mental wellness programmes, including our in-house health collective, Sehat, and learning communities such as Toastmasters, Manan (book club), and Tasveer (photography club).

Our ESG actions are embedded in our culture and reflect our belief that we grow best when we grow together - with our people, our communities, and our planet.

We're proud to share that InfoBeans was awarded the prestigious IT Park Project at Pardesipura, Indore. Under the DBFOT public-private partnership model, we have secured 3 acres for 50 years at a nominal lease cost.

We will build a state-of-the-art, 4 lakh sq. ft. green building, with InfoBeans occupying half the space as anchor tenant.

More than just real estate, this campus will serve as a physical manifestation of our brand, offering clients, team members, and stakeholders, a world-class experience and reinforcing our credibility as a global digital transformation partner.

As we step into FY26, our priorities are clear - Deepen our relationships with large clients, continue to build our AI capabilities and IP portfolio, strengthen our sales engine, with focus on North America and Europe, execute the merger of InfoBeans CloudTech with the parent entity for sharper integration, and deliver on our ESG commitments with authenticity and impact.

While we remain cautious of macroeconomic headwinds, particularly in the US, our growing presence in Europe and the Middle East, combined with our differentiated offerings, place us on a resilient path.

From a modest garage in Indore to a global footprint across Silicon Valley, Frankfurt, Dubai, and beyond, our journey has been one of passion, purpose, and persistence. But the best is yet to come.

To our team, thank you for bringing your best, every single day. To our clients, thank you for trusting us to build the future with you. To our shareholders, thank you for believing in us.

Let's Create WOW together!

Warm regards,