Systango Technologies Ltd
Systango is a seasoned player in the digital realm, specializing in product discovery, design, software engineering, and product growth.
Systango is a publicly traded digital engineering services company. Systango is a seasoned player in the digital realm, specializing in product discovery, design, software engineering, and product growth. They prioritize innovation, scalability, and security in their services, drawing on over a decade of experience to deliver impactful digital experiences. From conceptualization to software development, Systango guides clients through the entire product lifecycle, ensuring excellence at every step. Partnering with Systango promises transformative digital journeys that exceed expectations and enhance brand reputation in today's ever-evolving technology landscape.
Business Overview
Company are engaged in the business of providing software solutions that enables companies to design, implement and manage their own customized digital platforms including Web2, Web3 and mobile applications with strong emphasis on data and analytics. Company range of software solutions include services like: website development, mobile app development (both for iOS and Android applications), web3 development, DeFi, data engineering, implementation of blockchain, cloud computing, digital marketing etc for companies across sectors such as Financial Services (FinTech), Hospitality, Fantasy Sports, PropertyTech etc. Through their software solutions Company combine the functionality, flexibility and customization capabilities for our customers with the lower costs, speed of implementation and other operational benefits of outsourcing.
Business Verticals:
Full Cycle Development
Entire web and mobile app development lifecycle- from strategy, design, development, quality to launch on iOS and Android.
Customized application development
Application Design & Development
Mobile Apps Development
Application Maintenance & Support
Application Re-engineering & Modernisation
Data Engineering, AI & Machine Learning
Data aggregation, storage, organisation, optimisation, advanced analytics, and development of custom machinelearning algorithms to support data analysis. company services also extend to building recommendation systems, sentiment analysis models, natural language processing solutions, computer vision applications, and AIdriven automation to support comprehensive data analysis and drive actionable insights.
Web3 and Blockchain Solutions
Strategy assessment, rapid prototyping, solutions design, complex implementation to third-party integration, add-ons and entire ecosystem management Experience in building NFTs, DApp DeFi, Metaverse implementations DAOs, Exchange & Wallet integrations, custodial services, smart contracts marketplaces, web3 Apps Specialize in Ethereum, Polygon Binance Smart Chain (BSC), Solana Tran and flow etc.
DevOps
Platform and cloud, Management, Continuous Integration and Delivery (CI/CD) and Continuous Testing and Monitoring. Introduce best practices for security, deployments, and enable constant monitoring of production environments.
Product Architecture & Design
Expertise in user interface, user experience architecture and development. Our team excels at delivering cutting-edge solutions to ensure a seamless and engaging user experience, setting new standards for innovation and client satisfaction.
Cloud Engineering
Company’s cloud engineering solutions encompass strategic planning, efficient use of managed services, and the transformation of applications and infrastructure to ensure modernity and robust security.
Services Offered
Generative AI
Blockchain and Web3
Data Engineering
Cloud Engineering
DevOps
Staff Augmentation
App Development and Management
International Presence
USA,
Canada,
UK,
Netherlands,
Switzerland,
Qatar,
South Africa,
Hong Kong,
Australia, etc.
Revenue Breakup - FY23
Software & Development Charges ~97%,
Other Income ~3%
Geographical Revenue Split
Overseas ~87%,
Domestic ~13%
Acquisition & Sale
As on 31st March 2023, the Company has three subsidiaries viz. Systango Account Aggregator Services Private Limited, Isystango Ltd., UK, and Systango LLC, US. The Company does not have any associate or joint venture.
During the year under review, the Company acquired 100% stake in Isystango Ltd. and formed it as the Company’s Wholly Owned Subsidiary Company. Further, the Company sold its investment in Edsystango Technoeducation Private Limited during the year under review, hence Edsystango Technoeducation Private Limited is no longer a subsidiary of the Company.
Initial Public Offer & Listing
Company made an Initial Public Offer of 38,68,800/- equity shares of Rs. 10/- each at an issue price of Rs. 90/- each (including the share premium of Rs. 80/- per Equity Share) vide prospectus dated 9th March 2023 on the SME platform of the National Stock Exchange of India Limited i.e. NSE EMERGE.
Change In Share Capital
a) Company increased its authorized
share capital from Rs. 3 Crore to Rs.
15 Crore
b) Company allotted bonus issue of
81 Lac equity Shares in the proportion
of **3:1 **
New Partnerships
On December 18th, 2023, company
officially became an officially a Google Cloud Partner and AWS (Amazon Web Services) Select Tier Service Partner. It is already an Adobe Solution Partner (Bronze Badge)
Future Outlook
Geography Expansion:
Company is planning to open a New Office
and JV In Dubai for the Middle East and Africa,
and invest and expand in North America,
Europe & UKNew Competencies
New Tech Partnerships (Adobe Bronze,
GCP and AI, AWS) Invest and further core competencies in AI-ML, Cloud, and Web3
Rust Engineering Solution-Oriented Sales
Financials
|| Market Cap ₹ 417 Cr. || Stock P/E 23.4 || ROCE 41.2 % || ROE 34.9 % || Profit growth 127 % || Promoter holding 72.0 % || Return on assets 30.0 % || Enterprise Value ₹ 410 Cr. || EV/EBITDA 19.0 || Debt to equity 01% || Debt₹ 0.54 Cr. || Int Coverage 421 || CFO/EBITDA 23% || Price to Sales 7.33 || Current ratio 10.8 || ROIC30.9 % ||
HALF YEAR ENDED 30th SEP 2023
Management & Core Team Analysis
