On May 8, Krutrim’s young engineer employed at Ola’s AI division committed suicide, reportedly as a result of excessive work pressure. The incident was made public when a Reddit post that described the events went viral and raised significant concerns about the company’s work culture.
The worker, Nikhil Somwanshi, had just been with Krutrim for ten months and was a recent graduate of the Indian Institute of Science (IISc). Two weeks before his passing, Somwanshi had ceased attending the office, citing mental health issues, according to a former Ola Krutrim employee who spoke with a media channel.
Why Nikhil took this Step?
According to a spokesperson for Ola Krutrim, the company is extremely devastated by the untimely death of Nikhil, one of its most gifted young workers. During this extremely trying time, the company’s thoughts and deepest sympathies are with his family, friends, and loved ones.
Nikhil was on personal leave at the time of the incident, the official added. He claimed that his leave was extended on April 17 after he disclosed that he was feeling better but would still benefit from more rest. The Reddit article that went viral further portrayed Krutrim’s workplace culture in a negative light.
Nikhil was allegedly a member of a three-person team overseeing a crucial project. He was left to handle the entire workload once the other two members left.
Rajkiran, a senior manager, was also named in the post for reportedly berating staff members, particularly new hires. Additionally, Rajkiran is accused of verbally abusing staff members. He reportedly handled calls from a distance while based in the US, leaving the Bengaluru team to handle the operational burden.
Ex-Employees Voicing About Abusive Behaviour of Rajkiran
An ex-employee who said Rajkiran lacked people management abilities supported the claims made in the post. Rajkiran yells at staff members before vanishing. Meeting verbal abuse was traumatising.
The present staff has been asked not to speak to the police or media, the former employee, who has previously worked with Somwanshi, told a media site.
According to an ex-employee, another top manager at Krutrim even instructed people during a session after his death that no one would discuss the occurrence and that anyone who approached him should send them to Ola’s legal team. Many workers are upset because they believe there is not enough accountability.
According to a Reddit thread, nothing has changed despite this catastrophe. No introspection. Nothing but quiet. The news is being suppressed by the authorities. According to Ola, the company is devastated by this loss.
Everyone who knew and collaborated with Nikhil will be greatly saddened by his departure. He was a valued team member. They continued by confirming that the company is offering Nikhil’s family and its staff its undivided support at this difficult time.
The business is also in communication with the appropriate authorities and will keep providing support when required.
Indian e-commerce companies Myntra and Reliance-owned AJIO have ceased selling Turkish clothing labels like Trendyol, Koton, and LC Waikiki on their websites. The step has been taken in response to mounting calls for a boycott of Turkey due to its backing of Pakistan in its conflict with India after the Pahalgam incident.
Several sources claim that when tensions between India and Pakistan increased before last week’s truce, Myntra started to deprioritise these brands’ visibility. But as of right now, these things are no longer being sold at all.
The biggest online retailer in Turkey, Trendyol, was well-known for selling western clothing for ladies from other countries on Myntra. AJIO carried several well-known Turkish brands in India, including Mavi, Koton, and LC Waikiki.
None of the Above Turkish Brands Appear in Search
At the moment, neither the AJIO app nor Myntra’s search results feature any of these brands. According to a media report, Reliance plans to adopt a similar strategy by deprioritising and stopping the sale of Turkish brands on its other platforms, including Tira.
“Nation First” is not merely a conviction for Reliance; it is the guiding principle that informs every action, a Reliance representative told a media outlet. The corporation is actively reevaluating its offers across platforms to make sure they reflect the values and sentiments of the nation in solidarity with its fellow people.
The brand is steadfast in its resolve to put the interests of the country first. Approximately ten Turkish brands are active on these two sites.
India has a trade surplus with Turkey; according to reports, between April 2024 and February 2025, India’s exports to Turkey were $5.2 billion, while Turkey’s imports totalled $2.84 billion.
The Move Represents Strong Alignment with National Interest
A wider reevaluation of international alliances and a greater alignment with domestic interests in the face of escalating geopolitical tensions are reflected in this action. Trip cancellations, the suspension of institutional partnerships, and the withdrawal of Celebi Aviation’s licence are just a few examples of the repercussions of this reevaluation.
During the India-Pakistan crisis, Azerbaijan backed Pakistan in addition to Turkey. Crude petroleum is India’s top import from Azerbaijan, while its top exports to Azerbaijan include pharmaceuticals and agricultural products. Over 125 business executives nationwide decided yesterday to abstain from any commercial and trade interactions with Turkey and Azerbaijan.
EaseMyTrip is warning Indians not to visit Turkey and Azerbaijan for non-essential reasons, even though travel providers like ixigo, Pickyourtrail, and Cox & Kings have suspended all reservations to these countries.
In the meantime, Nishant Pitti, the founder of EaseMyTrip, has charged MakeMyTrip, a competitor company, with having Chinese ties.
After India launched 24 missiles in 25 minutes on nine terror facilities in Pakistan and Pakistan-Occupied Kashmir (PoK) in retaliation for the April 22 terror attack in Pahalgam, Jammu & Kashmir, which killed 26 lives, China also demonstrated support for Pakistan.
Nearly 350 workers were let go by VerSe Innovation, the company behind DailyHunt and Josh, as part of a larger “strategic” reorganisation effort. A corporate representative said in a statement that the layoffs were due to “workforce realignment” in order to focus on long-term goals and growth, streamline operations, and accelerate investments in AI.
The representative went on to say that the company will reduce its personnel by about 350 positions this month in order to create a more future-ready organisation where resources are allocated to growth areas and talent is cross-leveraged across business divisions.
Company to Focus on Automation Now
VerSe stated that in order to improve operational efficiency and create a “more future-ready organisation”, it will now concentrate on automating a number of “manual processes”. According to the spokesman, VerSe Innovation has been going through a strategic transition to become a more focused, flexible, and future-ready company.
This strategic shift, which is a component of a well-thought-out overall plan, aims to accelerate AI investments, streamline operations, and take coordinated steps to match the organisation’s structure and strategy with its long-term goals and expansion.
With aspirations for a future listing on the bourses, the unicorn has also set its sights on increasing its revenue “organically” and through smart acquisitions. “A focus on growth drivers and operational and structural efficiencies are actions directed to make the company profitable by the end of this fiscal year,” the representative continued.
VerSe Going Through Financial Instability
VerSe stated that by cutting back on marketing and service costs, it was able to cut its EBITDA burn by 51%, from INR 1,448 Cr in FY23 to INR 710 Cr in FY24. The entire income for FY24 was INR 1,261 Cr, it noted.
However, the corporation have been at odds over VerSe’s FY24 financials. A media house reported last month that in its audit report for FY24, auditor Deloitte identified flaws in the Josh parent company’s internal financial controls, including problems with revenue recognition, handling of virtual assets, supplier selection, expense provision, and IT systems control.
Umang Bedi, the CEO and cofounder of VerSe, acknowledged that the company’s controls were inadequate but assured a media outlet that the financials were accurate and fair with a clean report. Despite this, VerSe anticipates a YoY increase in sales of over 75% in FY25 due to investments in AI-led platforms, including subscription service Magzter and adtech platform NexVerse.ai.
In FY24, VerSe’s net loss decreased by over 56% to INR 814.8 Cr from INR 1,878.4 Cr in the previous year. In the meantime, the company’s operational revenue decreased by 8.8% from INR 1,046.8 Cr in FY23 to INR 954.7 Cr in the fiscal year under review. Notably, VerSe Innovation has previously let go of staff members.
The company laid off about 150 workers in November 2022, a few months after financing an enormous $805 million round.
New Delhi [India], May 17: Nowadays, with the pressure of a busy digital life, budget flights are the priority for tourists. Each day, thousands of people go to Google with questions such as “how to book inexpensive flights,” “where to find last-minute flight deals,” or “what is the best website to compare flight prices.” Many of these questions have an answer in the form of a dependable, cheap flight booking website that provides transparent pricing, simple comparisons, and hassle-free booking experiences. That’s where FareArena has consistently performed—and soon, it will be even better.
FareArena, the one-stop shop for searching and booking affordable airfare tickets, has recently been acquired by Zordo Technologies, a prominent player in travel and e-commerce solution innovation. This strategictakeover represents a milestone event for both companies and signifies a new chapter in ease of travel for tens of millions of users.
Travelers who are ever on the lookout for low-cost flights, cheap airfare, budget airlines, and last-minute travel offers understand the value of a reliable platform. FareArena has excelled by providing access to low-cost carriers, the lowest flight prices, and a simple flight comparison feature. Whether cheap international flights for your vacation fantasy or domestic flight offers for a spontaneous weekend getaway, FareArena has always delivered value through its robust search engine and 24/7 customer support.
Zordo Technologies’ FareArena increases the value of this already popular site. With Zordo’s technology-focused solutions and FareArena’s established strengths, customers can anticipate even greater flight booking experiences. From more intelligent comparisons of airfares and dynamic pricing to customized flight suggestions, Zordo is poised to turn FareArena into an even greater resource for travel savers.
This acquisition will also enhance FareArena’s visibility through combining it with Zordo’s travel ecosystem to allow customers to access more services—hotel reservations, insurance against travel, and trip planning resources—in one platform.
In conclusion, if you’ve ever typed “best site to book cheap flights online” or “flight ticket deals near me” into your browser, FareArena, now powered by Zordo Technologies, is your answer. This merger is not just a business deal—it’s a game-changer for anyone who wants to travel smarter, cheaper, and with complete peace of mind.
According to Amazon’s regulatory filing with the Registrar of Companies (RoC), the merger was given temporary clearance by the Bengaluru bench of the National Company Law Tribunal (NCLT) on February 5, 2025.
In a second filing with the NCLT, the e-commerce giant stated that the action will assist Amazon in streamlining the business operations of the two companies and lowering legal and tax compliance.
It added that the proposed merger would enable the transferor company’s assets and reserves to be consolidated with the Transferee Company (Amazon Seller Services), strengthening the latter’s finances and enabling it to make more significant business-related investments.
A representative for Amazon India responded to a question from the media by stating that the merger will streamline the organisation’s structure.
Amazon has several subsidiaries worldwide, just like the majority of international corporations, and we frequently assess our organisational structure. According to the spokeswoman, the goal of this transaction is to streamline our organisational structure.
Financial Outlook of Amazon Transportation Services (ATS) and Amazon Seller Services
ATS was founded in 2012 and offers courier services, cargo transportation, logistics, and associated services, such as the pickup, delivery, and transportation of commodities, papers, goods, retail, and household items both domestically and abroad.
Although Amazon continues to generate the majority of its revenue, it also provides logistics services to third-party clients. In the fiscal year 2023-24 (FY24), ATS recorded a net loss of INR 80.3 Cr, a 6.3% decrease from the INR 85.7 Cr loss it recorded the previous year.
From INR 4,543.3 Cr in FY23 to INR 4,888.9 Cr in the year under review, operating revenue increased by about 8%.
However, Amazon Seller Services’ net loss decreased by 29% from INR 4,854.1 Cr in FY23 to INR 3,469.5 Cr in FY24. During the year, operating revenue increased by 11% to INR 25,406 Cr from INR 22,198 Cr.
Other Services Offered by Amazon
In addition to Amazon Seller Services and ATS, the internet giant provides Amazon Pay Wallet and Pay Later services in India via a different company. Additionally, it runs its B2B wholesale platform, Amazon Wholesale.
According to a media report published in March 2025, Amazon plans to spin off its Indian business with an eye towards going public here. However, the e-commerce giant has no intentions to go public in India, as per various media reports.
Flipkart, Amazon’s rival, is reportedly working on plans for its highly anticipated initial public offering (IPO) and has received board approval to move its headquarters from Singapore to India.
Meesho is also preparing to go public. With an anticipated $1 billion IPO by year’s end, Meesho has hired bankers to provide advice.
The British design giant Burberry revealed intentions to lay off 1,700 workers, or about one-fifth of its global staff. The action is a significant cost-cutting measure to improve the operation of the business.
The layoffs are a part of a larger restructuring led by CEO Joshua Schulman, who joined the company last year with the goal of turning around Burberry’s years of poor performance.
Due to overproduction, a night shift at the company’s Castleford trench coat plant in England will be eliminated, and the majority of the job losses will impact office-based positions. “All brand metrics have shown a significant improvement in the second half compared to the first half,” Shulman said in a media report.
Going Back to Old School
Following past blunders like aggressive pricing and ambiguous brand positioning, the former Jimmy Choo CEO has shifted Burberry’s emphasis back to its heritage staples, especially trench coats and scarves.
Additionally, he has placed his hopes in designer Daniel Lee and leather accessories, which have a higher margin. Marco Gobbetti and designer Riccardo Tisci led the business from 2017 until 2021.
They attempted to position the group as a high-end luxury fashion brand, but their efforts were not very successful financially. Schulman is the brand’s fourth CEO in ten years, having succeeded Jonathan Akeroyd.
Financial Outlook of Burberry
Burberry barely avoided a loss for the fiscal year that ended on March 29, 2025, with an adjusted operating profit of £26 million, significantly higher than the £11 million that analysts had predicted.
The general decline in the premium sector is still a worry, though. The fourth quarter saw a 6% decline in comparable sales, which was marginally better than the 7% decline that analysts had predicted.
According to region-by-region analysis, sales in America, Europe, the Middle East, India, and Africa all decreased by 4% from the previous year. Sales in the Asia Pacific region also fell by 9%. Schulman acknowledged that there had been indications of a softening of consumer behaviour, particularly in the United States.
“The US customer was maintaining their momentum as we entered Q4, but as we moved into February, especially in the US market, things became a little choppy,” he stated.
Currently, 19% of Burberry’s customers are from the US. The business noted “geopolitical developments” as a contributing reason to economic uncertainty, but it made no comments regarding the possible effects of US tariffs. For the fiscal year 2026, no specific budgetary goals were established.
Zomato has discreetly declared that its Gold subscription users will now be required to pay a “rain fee”. The restaurant aggregator has changed its subscription plan so that even its premium customers will now be charged more for deliveries conducted in adverse conditions.
The majority of rapid commerce and foodtech platforms charge extra for deliveries. For its Gold customers, Zomato eliminated the INR 10-35 rain fee that it previously charged.
As of May 16, this perk will no longer be available. Additionally, each order on the meal delivery platform incurs a platform fee of INR 10. Zomato stated in an app notice that the fees will enable it to better reimburse its delivery partners in the event of rain.
Zomato Witnessing Steep Decline in its Business
Zomato’s parent company, Eternal, announced a sharp 78% year-over-year (YoY) decline in net profit for the March quarter, coming in at INR 39 crore, as the firm’s bottom line continued to be negatively impacted by losses from its rapid commerce division, Blinkit.
The expansion of Blinkit, which is now tied with food delivery in terms of gross order value (GOV), was the main driver of the Gurugram-based company’s operating revenue, which increased 64% year over year to INR 5,833 crore.
The expansion of Blinkit was accompanied by a 75% sequential increase in operational losses to INR 178 crore. The company’s established business of food delivery kept expanding gradually.
Strong discretionary spending and the growing impact of fast commerce on operations and demand were cited by CEO Deepinder Goyal as the reasons for the slow pace. According to Goyal, market share, however, stayed steady with the expectation of future increases.
Zomato Delisted 19000 Restaurants
According to Goyal, Zomato delisted almost 19,000 businesses in the March quarter, which had an effect on the volume of food delivery orders. Because they violated hygienic regulations, imitated well-known brands, or ran several identical menu listings to increase listing impressions, these restaurants were removed from Zomato.
The firm also shut down its homely meal service, Everyday, and its 15-minute food delivery service, Quick, as a sign of its growing reliance on food delivery for overall earnings.
The company does not see a clear “path to profitability” for these services “without compromising customer experience”, according to CEO Deepinder Goyal’s letter to shareholders.
After Zomato and Swiggy eliminated the rain surcharge waiver from their membership programmes, their stocks increased by 3.3% on 15 May. In Friday’s trading, Swiggy’s shares increased 3.3% to INR 326.8, while Zomato’s shares increased 2% to reach a day’s high of INR 247.2 on the BSE.
The action is consistent with the businesses’ larger attempts to increase profitability, especially in light of the growing losses in its rapid commerce verticals.
The women-only community business leap.club is shutting down its operations after raising $2.3 million since its founding in 2020 because of expensive customer acquisition costs and retention issues.
The startup used LinkedIn and Instagram to publicise the decision operations. The firm claimed to have done a lot of things correctly in terms of atmosphere, space, member experience, and event planning, but the unpleasant reality is that the acquisition and retention metrics weren’t strong.
Leap.club announced that it will close its offline club in Bandra, Mumbai, which it opened last year, as part of the decision. Additionally, it plans to shut down its app and online community by the end of this month.
The business went on to say that it had to make the difficult choice to put the app and online community on hold by the end of May.
Climbing the Success Ladder
Leap.club entered an expansion phase in 2024 after experiencing rapid growth in 2023. In the same year, it moved its headquarters from Gurugram to Mumbai and opened its first actual community workspace in the nation’s financial centre.
Mumbai’s offline workspace included meeting spaces, workstations, and carefully chosen experiences. Remarkably, leap.club also sought to establish a real workspace of this kind in Bengaluru.
According to the startup’s “2024 wrap” blog, it staged over 50 social and professional events and onboarded 450 paying members for its Mumbai club. But there were issues with the expansion as well.
The firm claimed to have closed a capital round during the year, but it abruptly collapsed and never came to fruition. According to leap.club, the company is surviving some difficult times and is working as a team of ten people.
It’s challenging, but it’s also an opportunity for the brand to concentrate on what really counts and work harder to recover.
The Downfall
The startup’s journey appears to have ended abruptly due to a lack of finance and an uncertain business plan. When the firm first started out, it used a call-based sales technique, onboarding users by speaking with them on the phone.
The first 10,000 members were onboarded in 2.5 years; however, this methodology limited the startup’s options for scalability and caused “team fatigue”.
Leap.club shifted all of its membership buys online in 2023. But this led to a short-term revenue shortage. The startup’s financials also showed the difficulties with its business plan.
According to Tofler, their net loss increased from INR 3.38 Cr in the previous fiscal year to INR 5.59 Cr in the fiscal year that ended in March 2024 (FY24), a 65% increase. In addition, its sales fell 54.1% from INR 5.7 Cr in FY23 to INR 3.7 Cr in the reviewed year.
To satisfy American demand, Apple is dramatically increasing production of the Pro variants of its upcoming iPhone 17 series in India this year.
Despite U.S. President Donald Trump’s concerns about Apple’s growing manufacturing presence in India, the move underscores the nation’s growing role in the tech giant’s global supply chain strategy and indicates that the company’s expansion plans remain unchanged.
According to a media report, Apple intends to source the majority of the US iPhone demand from India, and the US has one of the largest demand for iPhone Pro models, so the scale-up of the Pro models of the forthcoming iPhone 17 series will take place this year. The scale-up is also a result of India’s growing demand for Pro models.
Foxconn, Apple’s biggest contract manufacturing partner in India, will increase production of the iPhone 17 Pro model, the source claimed. While Tata Electronics is also engaged in the trial manufacture of components like casings for the new lineup, Foxconn has begun producing the iPhone 17 series in India.
Last year, Apple started producing high-end iPhone Pro models at its Foxconn facility in Sriperumbudur. In contrast to the mid-twenties in India, where 50–60% of all iPhone demand is for Pro versions, another source stated that this percentage is also anticipated to increase in 2025.
Apple Standing Firm on its Decision
According to a media report, Apple’s plans for development in India also state that the company’s policy has not changed in spite of comments made by US President Donald Trump that criticised it.
Additionally, the business maintains constant communication with the Indian government, assuring it of its ongoing dedication to India as a significant manufacturing hub. The expansion is expected to continue this year, according to the study.
Since India is one of the key markets, Apple’s investment ambitions there have not changed. Speaking to Tim Cook, the CEO of Apple Inc., on May 15 in Doha, Qatar, U.S. President Donald Trump stated that unless it is expressly for that market, there is no reason to establish plants in India.
Trump’s Advice to Tim Cook
After speaking with Apple CEO Tim Cook in Doha, Trump informed him that his administration has no interest in Apple constructing in India and that they can handle themselves. Trump went on to say that he and Tim Cook had a minor disagreement yesterday. “I am treating you very well,” he added to his friend Cook.
Trump further stated, “I’ve heard that you’re building all over India with the $500 billion you’re coming up with. You shouldn’t construct in India, in my opinion. Since India has some of the highest tariffs in the world, it is very difficult to sell there, but if you want to take care of the country, you may build there.”
Trump added that India has made the United States an offer in which they essentially agree to charge America no tariffs at all.
Apple is being treated quite well by the US government, which has tolerated all of its Chinese plants for many years. The US government currently opposes Apple’s decision to produce in India. India is capable of taking care of itself.
Orient Technologies Limited, a leading provider of end-to-end digital transformation and IT infrastructure services, has announced its financial results for the fiscal year ending March 31, 2025. The company recorded a strong year marked by significant contract wins, long-term managed services engagements, and a growing footprint in key industry sectors, reaffirming its position as a trusted transformation partner for India’s evolving IT landscape.
Orient Technologies’ sustained performance this year reflects its commitment to delivering outcome-driven, secure, and scalable technology solutions tailored to the needs of both public and private sector organizations.
FY’25 Compared with FY’24:
Total Income increased to INR 846.29 Crore in FY’25 from INR 606.86 Crore in FY’24 registering a growth of 39.45% (Y-o-Y).
Revenue from Operations increased to INR 839.53 Crore in FY’25 from INR 602.89 Crore in FY’24, registering a growth of 39.25 % (Y-o-Y).
The Earnings Before Interest, Tax, Depreciation and Amortization (‘EBITDA’) increased to INR 74.35 Crore in FY’25, from INR 60.59 Crore in FY’24, registering a growth of 22.71%.
Profit Before Tax (‘PBT’) increased to INR 68.01 Crore in FY’25 from INR 54.91 Crore in FY’24, registering a growth of 23.87 % (Y-o-Y)
Profit After Tax (‘PAT’) increased to INR 50.44 Crore in FY’25 from INR 41.45 Crore in FY’24, registering a growth of 21.69 % (Y-o-Y).
Earnings per share (‘EPS’) for FY’25 is INR 12.85, as against INR 11.80 in FY’24.
Segmental Revenue:
The contribution to revenue from operations for each vertical in FY’25 stands as follows:
BSFI: 21.63%
Communication: 10.25%
Govt & PSU: 11.21%
ITeS: 8.50%
Mid-Market & Others*: 48.41%
*Mid-market & Others includes healthcare, manufacturing, infrastructure, real estate, logistics, education, e-commerce, conglomerates, energy and service industries etc.
Strategic Wins:
Ranked Among India’s Top Listed Companies
As per the National Stock Exchange (NSE) report released on December 31, 2024, Orient Technologies earned a notable position, ranking 1,213 among India’s top listed companies based on average market capitalisation. This recognition is a testament to the company’s robust financial performance, disciplined growth strategy, and its ability to generate sustained value for shareholders. It also reflects Orient’s increasing influence and credibility within India’s competitive technology landscape, as it continues to scale its presence as a trusted and future-focused enterprise in the listed market space.
Government of Maharashtra – Flagship Software Development Engagement | INR 18.69 Cr (5 Years)
Orient Technologies was selected as the strategic technology partner for a large-scale software development initiative by the Government of Maharashtra. The INR 18.69 crore contract, spread over five years, is aimed at modernizing departmental workflows and enhancing citizen service delivery. This win represents a significant milestone in Orient’s public sector portfolio and reinforces its capabilities in driving state-wide digital transformation.
In the domain of critical infrastructure, Orient secured a cybersecurity engagement valued at INR 3.9 crore. The project involves the deployment of advanced threat prevention and monitoring solutions to strengthen cyber defense capabilities for one of India’s leading energy organizations. This win underscores Orient’s growing role in securing national infrastructure against sophisticated and evolving digital threats.
Orient Technologies entered multiple Infrastructure Managed Services (IMS) and Facility Management Services (FMS) contracts with leading organizations across sectors such as consulting, real estate, and enterprise technology. These long-term agreements, spanning three to five years and collectively valued at over INR 8.75 crore, reflect growing confidence in Orient’s ability to manage and scale mission-critical IT operations.
Enterprise Data Center Deployment – Storage and Server Solutions | INR 12.3 Cr
Orient successfully delivered a high-value infrastructure project worth INR 12.3 crore involving enterprise-grade storage and server solutions. The deployment, executed for two leading firms in the financial services and cloud computing sectors, highlights Orient’s deep expertise in building future-ready data centers capable of handling high-performance workloads, scalability demands, and data protection requirements.
Driving Momentum with Innovation and Client-Centricity
Throughout the year, Orient Technologies focused on enhancing its delivery model, expanding its service portfolio, and strengthening partnerships with both OEMs and clients. The company’s digital-first approach and consultative engagement style have played a pivotal role in securing multi-year, multi-crore projects and reinforcing customer trust.
Commenting on the results, Mr. Ajay Sawant, Chairman & Managing Director, said, “This has been a landmark year in Orient Technologies’ growth journey. The scale and diversity of the projects we have secured underscores the trust our clients place in us to deliver mission-critical technology solutions. From powering digital transformation for state governments to strengthening cybersecurity for national infrastructure and building enterprise-grade IT foundations — our commitment remains steadfast: to enable our clients to transform, thrive, and stay ahead in an increasingly digital world. As we move forward, we will continue investing in innovation, talent, and partnerships to create sustained value for all our stakeholders.”
About Orient Technologies Ltd.
Orient Technologies Ltd. is an IT solutions and services provider specializing in innovative cloud and data management solutions for enterprises. Dedicated to driving digital transformation, the company offers scalable services designed to enhance operational efficiency and business resilience. Orient Technologies is committed to investing in cutting-edge technologies and exploring new market opportunities. The company’s strategic focus is on expanding its cloud offerings and bolstering data security solutions, which are essential in today’s rapidly evolving business environment.
Certain statements that are made in the Press Release may be forward‐looking statements. Such forward‐looking statements are subject to certain risks and uncertainties like significant changes in the economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might from those expressed or implied. Orient Technologies Ltd will differ substantially not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward‐looking statements to reflect subsequent events or circumstances.
