Onward Technologies Limited

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To, BSE Limited Corporate Relations Department P J Towers, Dalal Street Mumbai 400 001 Date: July 20, 2023 National Stock Exchange of India Ltd., Exchan

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es is a Software Outsourcing Company Specializing in Digital and ER&D Services Global 2,000 Customers 8/11 Global Top Automotive Players 5/10 Global Top Industrial Equipment Manufacturers 2,798 Emplo

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Specializing in Digital and ER&D Services Global 2,000 Customers 8/11 Global Top Automotive Players 5/10 Global Top Industrial Equipment Manufacturers 2,798 Employees ₹441 Cr Highest Ever Revenue In

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00 Customers 8/11 Global Top Automotive Players 5/10 Global Top Industrial Equipment Manufacturers 2,798 Employees ₹441 Cr Highest Ever Revenue In FY23 13 Offices In 6 Countries 5 Offshore Development

₹441

obal Top Automotive Players 5/10 Global Top Industrial Equipment Manufacturers 2,798 Employees ₹441 Cr Highest Ever Revenue In FY23 13 Offices In 6 Countries 5 Offshore Development Centers Top 25

17%

n 6 Countries 5 Offshore Development Centers Top 25 Clients Contribution Cash & Bank in FY23 17% Digital Business Contribution 81% 44% ₹49 Cr 27% Revenue Growth in FY23 EBITDA Growth in FY

81%

t Centers Top 25 Clients Contribution Cash & Bank in FY23 17% Digital Business Contribution 81% 44% ₹49 Cr 27% Revenue Growth in FY23 EBITDA Growth in FY23 7-year Track Record of Consiste

44%

enters Top 25 Clients Contribution Cash & Bank in FY23 17% Digital Business Contribution 81% 44% ₹49 Cr 27% Revenue Growth in FY23 EBITDA Growth in FY23 7-year Track Record of Consistent D

₹49

s Top 25 Clients Contribution Cash & Bank in FY23 17% Digital Business Contribution 81% 44% ₹49 Cr 27% Revenue Growth in FY23 EBITDA Growth in FY23 7-year Track Record of Consistent Dividen

27%

5 Clients Contribution Cash & Bank in FY23 17% Digital Business Contribution 81% 44% ₹49 Cr 27% Revenue Growth in FY23 EBITDA Growth in FY23 7-year Track Record of Consistent Dividend Pay-

100 million

y listed on BSE & NSE in 1995 to ER&D and Digital Engineering services ❑ The goal is to generate $100 million in ❑ Focus on Banking Products Business for ❑ Exited IT Services business in India - OeSL reve

24.2%

turing customers and captive centers of Global MNCs in India ❑ Infinity Direct Holdings invested 24.2% equity in July 2021 ❑ Opened sales offices in USA, UK, ❑ Launched Talent Acceleration Program

Note

1

Note

• Legacy Business - OeSL, Product Reselling Business-India, IT Staffing Business-USA • New Business - Global ER&D and Digital Business 08 Investments in Business Building Costs Powering the transformation Expenses (in ₹ Crore) 1.7 7 1.7 10 1.5 10 3.8 26 10 1.7 17 3 …While attracting Human Capital 2,491 186 84 2,557 169 97 2,497 171 95 2,221 2,291 2,231 2,798 257 463 2,641 418 330 2,078 1,893 2,088 167 93 1,828 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 TAP Cost Selling and Marketing ESOP Billed (In Rupees) Billed (In Dollar) Non-billable 2.1 3 FY18 ❑ Launched the Talent Acceleration Program (TAP) in November, 2021 to upskill and reskill employees ❑ Talent retention through Employee Stock Option Plan 2019 (ESOP 2019) ❑ A sharp increase in employees billed in dollar terms from 84 in FY18 to 463 in FY23, on the back of strong demand for new-age technologies ❑ TAP program incurs higher training costs on freshers (GET, PGET) before they become billable. Costs streamline after th