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Orient Technologies IPO: A Deep Dive into Their Business Model

About Company Orient Technologies is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in the year 1997. Over the years they have built deep expertise to develop products and solutions for specialized disciplines across their business verticals which are set out below: IT Infrastructure, IT Enabled Services (IteS), and Cloud and Data Management Services. Their business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners including Dell International Services India Private Limited (Dell) Fortinet, Inc. (Fortinet), and Nutanix Netherlands B.V. (Nutanix). A key facet of their product and service offerings is their ability to tailor and customize their offerings to the specific needs of their customers. Their collaboration with their technology partners heightens their ability to design and innovate products and provide solutions tailored to specific customer requirements. Their range of customized offerings and their ability to specifically tailor solutions to the specific needs of customers have enabled us to garner prominent customers across industries and they count leading public and private sector entities across diverse customer industries such as banking, financial services, and insurance (BFSI), IT, IteS, healthcare/pharmaceutical (Customer Industries). Their constant endeavor is to nurture every client relationship to ensure that it translates into a long-term association. They also continually engage with their customers to understand their 215 requirements better to be able to provide more holistic services and to identify new areas where they can engage with them. Objects of the Issue : Acquisition of office premise at Navi Mumbai situated at unit no 1201, 1202, 1203, and 1204, respectively which are situated at Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively, Navi Mumbai Property); Funding capital expenditure requirements for: i.Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property; and ii.Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.(collectively, Capital Expenditure). Video Credit : Anil Singhvi ( Zee Business )