SRIT India Ltd IPO

Established track record with end-to-end product solution and integration capabilities.

Diverse Order Book across offerings for multiple clients & geographies.

Extensive geographic footprint with scalable operations across key markets.

Strong financial performance and healthy balance sheet.

Experienced Promoters and Senior Management team, having domain knowledge.

Majority of our projects have been awarded through competitive bidding process, which is heavily dependent ontenders from Government entities, accounting for approximately 89.41%, 91.34%, and 81.84% of our revenuefrom operations for Fiscals 2026, 2025, and 2024, respectively. Failure to qualify for, complete or win new contracts could negatively impact our business, potentially affecting our financial condition, operational results,growth prospects, and cash flow stability.

A significant portion of our revenue from operations is attributable to our top ten customers accounting forapproximately 89.36%, 92.68%, and 84.54% of our total revenue from operations, for the Fiscals 2026, 2025,and 2024, respectively, and our business and profitability is dependent on our ability to win projects from suchcustomers. Loss of one or more of our customers or reduction in their demand for our offerings could adverselyaffect our business, results of operations and financial conditions.

The majority of our Order Book and revenue from operations are from the projects undertaken for the electronicgovernance sector with such projects accounting for approximately 58.40%, 63.86%, and 65.33% of our totalOrder Book value, and approximately 68.39%, 61.29%, and 50.13% of our revenue from operations, for theFiscal 2026, Fiscal 2025, and Fiscal 2024, respectively. Any reduction in the activity and expenditure levels inthis sector may adversely affect our business and prospects, and may reduce the number of projects we undertakeand impede our growth. Further, any significant social, political, or economic changes in this sector couldadversely affect our business, results of operations, financial condition, and cash flows.

We rely on third parties, including contractors and sub-contractors, to complete specific projects or specificportions of our projects. Sub-contractor costs were 78.92%, 80.87%, and 75.42%, as a percentage of totalexpenses in the Fiscals 2026, 2025, and 2024, respectively. We would be liable for any delay or default by suchsub-contractor. Further, sub-contracting of maintenance activities requires prior approval from the authoritiesand failure to obtain such approvals would result in a breach of the terms of the project contracts.

Trade receivables and contract assets form a substantial part of our Current Assets and Net Worth. Failure tomanage the same could have an adverse effect on our profitability, cash flow and liquidity.

Our growth, in part, depends on our ability to maintain successful relationship with our business collaborationand consortium partners and any breakdown of such relationships could adversely affect our business, financialcondition, results of operations and cash flows.

There have been instances of non-compliances and delay in filings with respect to regulatory filings under theCompanies Act, 2013 and under the Foreign Exchange Management Act, 1999 (FEMA) by our Company inthe past. Further, we may be subject to regulatory actions and penalties for any such past or future noncomplianceor delays under the relevant laws, which can be substantially high once adjudicated, having animpact on our business, financial condition and our reputation may be adversely affected. We have also filedcompounding applications which have been compounded. There can be no assurance that we will not experiencesimilar or other instances of non-compliance in the future.

Our business and operations may be impacted by litigations to which we are not first and direct parties to.

Any online security breach or cyberattack resulting in unauthorized access to our network, systems, or data mayadversely impact our business operations, financial results, and reputation.

Our Order Book may not be indicative of our future operating performance or financial results, as projects inour Order Book are subject to cancellations, modifications, delays, premature terminations and otheruncertainties beyond our control.