ARICENT TECHNOLOGIES (HOLDINGS) LIMITED UNLISTED SHARE
ABOUT ARICENT TECHNOLOGIES (HOLDINGS) LIMITED
ARICENT TECHNOLOGIES (HOLDINGS) LIMITED is a part of Aricent Group. Aricent is a global leader in design and engineering services. Ancient's core capability is to provide software engineering services and solutions for the communications industry. The Group provides a comprehensive portfolio of innovation capabilities that combine customer insights, strategy, design, software engineering, and systems integration that enables its clients to develop differentiated user experiences while at the same time accelerating time-to-market and optimizing service operations.
ARICENT TECHNOLOGIES (HOLDINGS) LIMITED provides outsourced product development, product support services, and licensable software frameworks and solutions. The Company’s service offerings provide comprehensive product life-cycle services for communications networks, as well as connected devices, applications, and mobile services. In addition, the Company has an unrivaled portfolio of unique software frameworks that accelerates the product development process thereby creating a significant time to market advantage for its clients.
Aricent Technology group was first acquired by Altran, a global leader in engineering and ER&D services. But in the Year 2020, Capgemini SE acquired Altran Technologies SAS (formerly known as Altran Technologies SA) (the former Ultimate Parent company of Aricent Technologies (Holdings) Limited) at a global level. After the Acquisition, all the Altran group companies, including ARICENT TECHNOLOGIES (HOLDINGS) LIMITED are now a part of the Capgemini group. ARICENT TECHNOLOGIES (HOLDINGS) LIMITED Company is now a step-down subsidiary of Capgemini SE.
INCORPORATION DETAILS
CIN | U72100DL2006PLC149728 |
Registration Date | 14 June 2006 |
Category/Sub-category of the Company | Public Company Limited by Shares |
Address of the Registered office and contact details | 5, Jain Mandir Marg (Annexe.), Connaught Place, New Delhi 110001, India Tel: 011-23747336 Email Id: all_cosec@altran.com |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | KFin Technologies Private Limited Selenium Tower No.B, Plot No.31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032, Telangana, India Tel. No.: 040-67162222 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
Computer programming, consultancy, and related activities | 620 | 100% |
BOARD OF DIRECTORS
Mr. Ashwani Lal (Whole Time Director)
Mr. Krishna Chandra Reddy (Whole Time Director)
Ms. Lydia Gayle Brown (Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company | % of Shares Held |
Aricent Technologies Private Limited | 100% |
SHAREHOLDING PATTERN
(As of 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Promoter and Promoter Group | 128,906,056 | 98.25% |
2 | Public | 2,290,048 | 1.75% |
| Total | 131,196,104 | 100.00% |
INDUSTRY OUTLOOK
The IT sector in India has been one of the best performing sectors in 2020 amid the COVID crisis. COVID 19 pandemic has accelerated the adoption of digitalization which trends towards the technology upcycle. It is expected to grow by 2.3% to $194 billion in 2020.
According to a survey for FY 2020-21, 53% of top Indian IT executives predict a strong global economy in 2021, while 72% of CEOs of IT companies expect their global customers to see the best growth next year.
India is a leader in sourcing destinations across the world. India accounted for approximately 55% market share valuing to US$ 200-250 billion in FY 2019-20. Indian IT and Business Process Management companies have set up over 1,000 global delivery centers in about 80 countries across the world.
In FY 2020, IT services generated $97 billion in revenue, business process management $38 billion, engineering and Research and Development $33 billion, software products $9 billion, hardware $16 billion and e-commerce $54 billion.
Among all the constituents within the IT industry, e-commerce grew the highest year-on-year at 26% in FY 2019-20.
The growth of the retail industry and the increase in business opportunities across Europe and the Asia – Pacific region will drive the development of the IT industry. Revenues from data-driven solutions will offset new investments in analytics and data infrastructure, and Chief data officers will be everywhere. The megatrends in 2030 will lead to changes in consumption and drive unprecedented digital business, pushing digital led output to nearly USD 100 Trillion or 40% of the 2030 Global GDP.
Some of the new business-changing technologies include artificial intelligence, 3D printing, blockchain, big data and analytics, cyber security, Internet of Things (IoT), robotics, immersive media, and cloud computing.
It is believed that, even if the overall market does not increase, the shares of Indian IT service providers will show good growth.
PROFIT AND LOSS STATEMENT OF ARICENT TECHNOLOGIES (HOLDINGS) LIMITED(In Rs. Crores)
Particulars | 2020 | 2019 | 2018 | 2017 |
Revenue from Operations | 2511 | 2399.4 | 2403.2 | 2482.2 |
EBITDA | 430.6 | 383.4 | 399.7 | 412.8 |
EBITDA margins | 17.15% | 15.98% | 16.63% | 16.63% |
Finance Cost | 19.3 | 1 | 23.8 | 32.8 |
Depreciation | 154.4 | 89.6 | 130.1 | 141 |
Other Income | 90.1 | 65 | 63.9 | 82.6 |
Profit Before Tax | 347 | 357.8 | 309.7 | 321.6 |
Total Tax | -362.6 | 144.4 | 115.9 | 133.7 |
Profit After Tax (PAT) | 709.6 | 213.4 | 193.8 | 187.9 |
PAT margin | 27.28% | 8.66% | 7.86% | 7.33% |
EPS | 54 | 16 | 15 | 14 |
BALANCE SHEET OF ARICENT TECHNOLOGIES (HOLDINGS) LIMITED (In Rs. Crores)
Particulars | 2020 | 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible assets | 283.6 | 134.4 |
Intangible assets | 838.2 | 852 |
Financial assets | 36.8 | 33.3 |
Tax assets | 218.5 | 16.9 |
Other noncurrent assets | 76.3 | 59.3 |
TOTAL NON CURRENT ASSETS | 1,453.4 | 1,095.9 |
CURRENT ASSETS | ||
Inventories | ||
Financial assets | 214 | 95.7 |
Trade receivables | 1,232.3 | 1,018.7 |
Cash and cash equivalent | 231.1 | 121.3 |
Other current assets | 56.4 | 73.5 |
TOTAL CURRENT ASSETS | 1,733.8 | 1,309.2 |
TOTAL ASSETS | 3,187.2 | 2,405.1 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity Share Capital | 131.2 | 131.2 |
Other Equity | 2,222.2 | 1,572.2 |
TOTAL EQUITY | 2,353.4 | 1,703.4 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Long term borrowings | 134.8 | 4.5 |
Long term provisions | 288.7 | 176.4 |
Other financial liabilities | 0 | 1.5 |
Tax liabilities | 0 | 252.6 |
Other noncurrent liabilities | 4.2 | 8.9 |
TOTAL NON CURRENT LIABILITIES | 427.7 | 443.9 |
CURRENT LIABILITIES | ||
Borrowings | 61.8 | 1.5 |
Trade payables | 156.4 | 98.4 |
Other financial liabilities | 99 | 98 |
Other current liabilities | 63.4 | 40.8 |
Provisions | 25.5 | 19.1 |
TOTAL CURRENT LIABILITIES | 406.1 | 257.8 |
TOTAL LIABILITIES | 833.8 | 701.7 |
TOTAL EQUITY AND LIABILITIES | 3,187.2 | 2,405.1 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
Retained Earnings (Consolidated) (In Rs. Crores) | 2,010.3 | 1,331.3 | 1,128.2 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 4.65% from Rs. 2,399.4 Crore in FY 2019 to Rs. 2,511 Crore in FY 2020.
EBITDA of the company increased by 12.31% from Rs. 383.4 Crore in FY 2019 to Rs. 430.6 Crore in FY 2020. EBITDA margins improved from15.98% in FY 2019 to 17.15% in FY 2020.
Net profit of the company increased significantly by 232.5% from Rs. 213.4 Crore in FY 2019 to Rs. 709.6 Crore in FY 2020. PAT margins improved from 8.66% in FY 2019 to 27.28% in FY 2020. This significant rise was due to the addition of deferred tax amounting to Rs. 354 Crore.
The Current Ratio of the Company as of 31st March 2020 was 4.26. The company is managing its working capital very efficiently.
The debt to Equity Ratio of the company as of 31st March 2020 was 0.08. The total debt of the company as of 31st March 2020 stood at Rs. 196.6 Crore.
The company has not given any dividends for the past three years.10
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