About Enfuse Solutions Limited

The company is engaged in business of providing integrated Digital solutions across various domains including:

• Data Management & Analytics: Organize and analyze data, providing tailored insights for informed decision-making such as product information Management etc.
• Ecommerce & Digital Services: They develop and optimize digital platforms for seamless online experiences such as E-commerce platform management, content management, Digital marketing etc.
• Machine Learning & AI: Offers innovative solutions such as tagging/labelling, Transcription, Annotation etc.
• Edtech & Technology Solutions: Leveraging technology to enhance educational experiences and overall technological solutions such as live Proctoring, Record and review, Student Counselling etc.

The company works as consultants for its clients as per the terms of subcontracting agreements.

The company has 2 delivery Centres in Mumbai. They execute a Statement of Work with their clients which specifies the scope of its services to be provided to client’s customers which includes the term of the project, background and objective of the project and description of services to be provided.

Industry:

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates.

India is one of the countries with the quickest pace of digital adoption. This was accomplished through a mix of government action, commercial innovation and investment, and new digital applications. India is the topmost offshoring destination for IT companies across the world. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India.

The Indian IT & business services industry is expected to grow to US$ 19.93 billion by 2025. By 2026, widespread cloud utilization can provide employment opportunities to 14 million people and add US$ 380 billion to India's GDP.

The IT-BPM sector holds the potential to grow between 10-15% per annum. The IT and in India (US$ billion) fintech segments provide over US$ 155 billion in gross value to the economy annually.

Risk: -

• Approximately 50%-60% of revenues comes from clients located in the United States of America and Netherland. Similarly, the top three customers account for 70%-80% of revenue.
• Since majority business is dependent of USA and Netherland, therefore exchange rate fluctuations may adversely affect results.
• Due to intense competition in the market the company’s success depends largely upon its skilled professionals and its ability to attract and retain these personnel.
• The company relies on third-party data centers and cloud computing providers, and any interruption or delay in service from these facilities could impair the delivery of products and adversely impact business and results of operations.