This release may contain certain future prospects which may be
forward-lookingstatements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations.
These forward-looking statements represent only the Company's current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-looking statements.
Note: All numbers have been rounded to the nearest digit for convenience of representation.
Agenda
1
2
3
Overview
Growth Strategy
Financial Performance
From the Managing Director's Desk
"FY23 was a remarkable year with several corporate milestones for Onward Technologies. As it continues to address the robust demand for software services, the team has once again demonstrated its commitment to profitable growth. On year-on-year basis, North America grew at 70% while Europe and India closed the year with 33% and 30% growth respectively. Additionally, our focus on verticals and strategic clients, all supported by a network of offshore capability centers has contributed meaningfully to both
the top line and the bottom line."
Managing Director
Mr. Jigar Mehta
Company at a Glance
Deep Technical
Capabilities
Flawless execution
8500+
Projects
Delivered
2,798
Employees
14
Offices
6
Countries'
Global
2000Customers
7 of global top-10 automotive
5 of global top-10 industrial equipment manufacturers
81%
Top 25 Clients
Contribution
Digital Business
17%Contribution
Digital
Across
Focus
all verticals
Embedded
Systems
Data Analytics
& Data Science
Artificial
Intelligence
Machine
Learning
Industry 4.0
₹441 Cr
Strong FY23
Revenue
43.5%
Revenue
YoY Growth
₹27.3 Cr
EBITDA
in FY23
27.4%
EBITDA
YoY Growth
₹48.6 Cr
Total Cash & Bank
In FY23
Debt Free
Onward Technologies is a Software Outsourcing Company Specializing in Digital and ER&D Services
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Onward Technologies Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 12:56:07 UTC.
Onward Technologies Limited is an India-based software outsourcing company specializing in digital, and engineering research and development (ER&D) services. The Company is focused on three verticals: transportation and mobility, industrial equipment and heavy machinery, and healthcare and medical technology (MedTech). Its service lines include digital services, mechanical engineering services, embedded and electronics engineering services, and information technology services. Its digital services include engineering automation, big data analytics, cloud and DevOps, artificial intelligence/machine learning, and digital with virtual reality/augmented reality. Its mechanical engineering services include new product design and development, and value engineering. Its embedded and electronics engineering services include platform services hardware, software and connectivity solutions. Its information technology services include enterprise applications, and data management and reporting.
ONWARD TECHNOLOGIES LIMITED 
