S A Tech Software India Ltd IPO

S A Tech Software India Limited was originally incorporated as `S A Tech Software India Private Limited' a private limited company under the Companies Act, 1956 at Pune, Maharashtra, pursuant to a certificate of incorporation dated November 01, 2012, issued by the Registrar of Companies, Maharashtra, Pune (RoC). Thereafter, name of the Company was changed from `S A Tech Software India Private Limited' to `S A Tech Software India Limited', consequent to conversion of the Company from private to public company, pursuant to a special resolution passed by the shareholders of the Company on October 16, 2023, and a fresh certificate of incorporation consequent to change of name was issued by the RoC on November 03, 2023. The Company's Corporate Identity Number is U72900PN2012FLC145261.

Strong economic growth in the first quarter of FY23 helped India overcome the UK to become the fifth-largest economy after it recovered from the COVID-19 pandemic shock. Real GDP at constant prices (2011-12) in the first quarter of 2023-24 is estimated at Rs. 40.37 trillion (US$ 484.94 billion), showing a growth of 7.8% as compared to the first quarter of 2022-23 estimated at Rs. 37.44 trillion (US$ 449.74 billion). Given the release of pent-up demand and the widespread vaccination coverage, the contact- intensive services sector will probably be the main driver of development in 2022-2023. In 2023-24 (April-September), India's service exports stood at US$ 164.89 billion. Furthermore, India's overall exports (services and merchandise) in 2023-24 (April-September) were estimated at US$ 376.29 billion. Rising employment and substantially increasing private consumption, supported by rising consumer sentiment, will support GDP growth in the coming months. Future capital spending of the government in the economy is expected to be supported by factors such as tax buoyancy, the streamlined tax system with low rates, a thorough assessment and rationalization of the tariff structure, and the digitization of tax filing.

S A Tech Software India Limited (SAT) is an IT consulting Company promoted by its diligent promoters who have more than two decades of experience in Information Technology. The Company has experience of catering to global as well as domestic customers since more than a decade through its promoter and holding Company SA Technologies Inc., USA. The Company services to a diverse portfolio of clients ranging from small to enterprise ones, offering products and digital solutions. With the benefit of global presence, the company brings together diverse teams from different parts of the world with multiple skills to collaborate in real time and solve complex technological problems for its clients. In a world that is becoming increasingly complex, with shortening product innovation timelines and rapid technological change, the company believes that its globally distributed onshore-offshore service delivery capability helps it to suitably address its clients' requirements. The Company leverages its deep Information Technology knowledge to deliver value-added services to its clients in support of their digital transformation initiatives including application development, mobile apps development, Cloud infrastructure, Software Quality assurance, generative AI, machine learning, IoT solutions, data science and analytics.