E Square System & Technologies Pvt. Ltd. Company Profile

Background

E Square System & Technologies Pvt. Ltd., established on March 6, 2009, is a technology consulting, system integration, and digital transformation company headquartered in Bhubaneswar, Odisha, India. The company is dedicated to empowering business transformation by offering a comprehensive range of IT services. Its mission is to harness the potential of technology to produce quantifiable transformations for clients across various industries and geographies. E Square serves a diverse clientele, including government and public sectors, large and medium businesses, and telecom companies.

Key Strategic Focus

E Square's strategic focus encompasses:

Digital Transformation: Integrating digital technology into all facets of an organization to enhance value delivery to clients and transform business processes.

System Integration: Delivering value by thoroughly evaluating problem statements and designing roadmaps aligned with client strategies.

Cloud Computing: Managing IT infrastructure and application integration to develop new competencies, improve collaboration, and reduce costs.

Data Analytics & Insights: Unlocking the potential of big data through advanced analytics to better understand customers and organizations.

Cybersecurity: Safeguarding business processes, technology, and people by future-proofing security infrastructure.

The company leverages next-generation enablers, including workflow automation, cloud services, project automation, human-machine collaboration, IoT, and cybersecurity, to harness business benefits and acquire true business value for organizations.

Financials and Funding

As of the fiscal year ending March 31, 2023, E Square System & Technologies Pvt. Ltd. reported:

Net Sales: ₹685.28 million

Total Revenue: ₹693.60 million

EBITDA: ₹42.95 million, with an EBITDA margin of 6.19%

Profit After Tax (PAT): ₹26.17 million, with a PAT margin of 3.77%

Debt-to-Equity Ratio: 0.36

Current Ratio: 2.15

Return on Capital Employed (ROCE): 53.45%

The company's authorized share capital is ₹20 million, with a paid-up capital of ₹6.54 million.

Technological Platform and Innovation

E Square distinguishes itself through its proprietary technologies and innovative methodologies:

Proprietary Technologies: The company develops tailored digital solutions, including system integration, cloud computing, and cybersecurity services, to meet the unique needs of its clients.

Scientific Methods: Utilizing advanced data analytics and insights, E Square employs sophisticated algorithms and machine learning techniques to derive actionable intelligence from big data.

AI-Driven Capabilities: The company integrates artificial intelligence into its service offerings, enhancing automation, predictive analytics, and decision-making processes for clients.

These technological platforms enable E Square to deliver comprehensive digital transformation services, addressing the dynamic requirements of various industry verticals.

Leadership Team

E Square's leadership team comprises experienced professionals dedicated to driving the company's strategic vision:

Dhirendra Kumar Khandelwal: Managing Director

Background: An alumnus of the National Institute of Technology (NIT), Rourkela, with extensive experience in technology consulting and digital transformation.

Contributions: Founded E Square with a vision to become the preferred global strategic partner for clients, enabling digital transformation to better focus on their core strengths and services.

Lalita Devi Khandelwal: Director

Background: Brings valuable insights and leadership to the company's strategic initiatives.

Contributions: Plays a pivotal role in guiding the company's growth and operational excellence.

Competitor Profile

Market Insights and Dynamics

The digital transformation and IT services industry in India is experiencing significant growth, driven by increasing adoption of cloud computing, data analytics, IoT, and cybersecurity solutions across various sectors. The market is characterized by rapid technological advancements and a competitive landscape with numerous players offering a wide range of services.

Competitor Analysis

E Square operates in a competitive environment alongside several key players:

Fluentgrid: An Indian software product company specializing in digital transformation services for power, water, and gas distribution utilities, as well as smart cities and communities. Fluentgrid offers solutions such as smart metering, smart grids, business intelligence, and ERP systems. The company reported a revenue of ₹305.08 crore as of March 2022.

HCLTech: A global IT services and consulting company offering a wide range of services, including digital transformation, cloud computing, and cybersecurity. HCLTech serves various industries and has a significant presence in the Indian market.

Tech Mahindra: Provides IT services and solutions, including digital transformation, system integration, and consulting services. Tech Mahindra caters to various sectors, including telecommunications, healthcare, and manufacturing.

LTIMindtree: Offers IT services and solutions, focusing on digital transformation, cloud services, and data analytics. LTIMindtree serves clients across multiple industries, including banking, financial services, and insurance.

These competitors have established themselves in the market by offering comprehensive digital transformation services and leveraging advanced technologies to meet client needs.

Strategic Collaborations and Partnerships

E Square has established strategic partnerships to enhance its service offerings and market position:

Strategic Partnerships: The company has formed 40 strategic partnerships, enabling it to leverage a wide range of technologies and expertise to deliver comprehensive solutions to clients.

Alliances: Collaborations with leading technology providers and innovators to integrate cutting-edge solutions into its service portfolio.

These partnerships strengthen E Square's capabilities in delivering tailored digital transformation services across various industries.

Operational Insights

E Square's operational strategy focuses on:

Client-Centric Approach: Tailoring solutions to meet the specific needs of clients across different sectors, ensuring high satisfaction and long-term relationships.

Technological Expertise: Leveraging a team of 200 highly skilled resources to deliver innovative and effective solutions.

Geographical Presence: Operating six offices nationwide, including locations in Bhubaneswar, Delhi, and Kolkata, to provide services across India.

These operational strategies position E Square as a competitive player in the digital transformation and IT services market.

Strategic Opportunities and Future Directions

E Square aims to:

Expand Service Offerings: Continuously develop and integrate new technologies, such as AI and blockchain, into its service portfolio to meet evolving client demands.

Strengthen Market Position: Enhance its presence in existing markets and explore opportunities in emerging sectors to drive growth.

Invest in Talent Development: Focus on recruiting and training top talent to maintain a competitive edge in delivering innovative solutions.

By leveraging its current strengths and strategic initiatives, E Square is well-positioned to achieve its future objectives and continue its growth trajectory.