About Mangal Compusolution Limited

Mangal Compusolution is engaged in delivering comprehensive IT hardware solutions designed to meet the ever-evolving technology needs of businesses across various industries. With a major focus on the rental of IT hardware, they strive to provide top-tier equipment and services that empower organizations to thrive in the digital age. They are actively involved in the business of renting and selling IT hardware equipment, offering comprehensive end-to-end IT equipment. Although they are servicing clients across India, however, Maharashtra region accounts for their major source of revenue, for the quarter ended June 30, 2024, Maharashtra region accounted for 96.87% of the total revenue. Their services encompass the rental of a diverse range of IT equipment, including servers, laptops, desktops, projectors, router-switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories. Additionally, they specialize in creating customized IT configurations tailored to their clients' specific specifications and needs, available for both rental and purchase.

In addition to offering IT equipment for rental, they also provide on-site support and maintenance services. They have on board team of 8 personnels who have average experience of approximately 10 years in computer hardware field, which enables them to execute projects with precision, adhering closely to their clients' specifications and requirements. They exclusively rent top-tier IT equipment brands such as IBM, Dell, HP, Lenovo, Sony, Apple, Compaq, and Toshiba, ensuring seamless compatibility of software with the rented machines and a seamless integration with their clients’ existing branded equipment. Moreover, their product range encompasses add-ons like large-screen monitors, LCD projectors, plasma screens, and related accessories. 

Out of 24 employees, 17 are skilled employees consisting of Operational Head, IT Manager, Marketing Manager, Hardware Engineers, Account Assistants etc. and 7 employees are Unskilled consisting of Office Assistant, Store Keeper and Receptionist. The Banker of the Mangal Compusolution is BHARAT CO-OPERATIVE BANK (MUMBAI) LTD.

INDIAN IT SECTOR
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 7.5% of India’s GDP in FY23, and it is expected to contribute 10% to India’s GDP by 2025.

As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the Internet.

The current emphasis is on the production of significant economic value and citizen empowerment, thanks to a solid foundation of digital infrastructure and enhanced digital access provided by the Digital India Programme. 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 that are already improving and permeating a variety of activities and different forms of work, thus having a positive impact on the daily lives of citizens.

India’s rankings improved six places to the 40th position in the 2022 edition of the Global Innovation Index (GII).

According to the National Association of Software and Service Companies (NASSCOM), the Indian IT industry’s revenue touched US$ 227 billion in FY22, a 15.5% YoY growth and was estimated to have touched US$ 245 billion in FY23.

The IT spending in India is estimated to record a double-digit growth of 11.1% in 2024, totalling US$ 138.6 billion up from US$ 124.7 billion last year.

The Indian software product industry is expected to reach US$ 100 billion by 2025. Indian companies are focusing on investing internationally to expand their global footprint and enhance their global delivery centres.

The data annotation market in India stood at US$ 250 million in FY20, of which the US market contributed 60% to the overall value. The market is expected to reach US$ 7 billion by 2030 due to accelerated domestic demand for AI.

India's IT industry is likely to hit the US$ 350 billion mark by 2026 and contribute 10% towards the country's gross domestic product (GDP), Infomerics Ratings said in a report. 

As an estimate, India’s IT export revenue rose by 9% in constant currency terms to US$ 194 billion in FY23. Exports from the Indian IT services industry stood at US$ 199 billion in FY24.

The export of IT services has been the major contributor, accounting for more than 53% of total IT exports (including hardware).

BPM and engineering and R&D (ER&D) and software products exports accounted for 22% and 25%, respectively of total IT exports during FY23.

Exports from the Indian IT industry stood at US$ 194 billion in FY23. The export of IT services was the major contributor, accounting for more than 51% of total IT exports (including hardware). BPM, and Software products and engineering services accounted for 19.3% and 22.1% each of total IT exports during FY23.

The IT industry added 2.9 lakh new jobs taking the industry’s workforce tally to 5.4 million people in FY23.

MANGAL COMPUSOLUTION LIMITED COMPETITIVE STRENGTHS 
1. Diverse Product Range
2. Timely Turnaround
3. Customer-Centric Approach
4. 24/7 Service Availability
5. Standby Equipment for Zero Downtime
6. Flexible Rental Durations

MANGAL COMPUSOLUTION LIMITED STRATEGIES
1. Improve and increase operational efficiencies
2. Optimal Utilization of Resources
3. Enhance customer base by entering new geographies
4. Leveraging their market skills and relationship 

MANGAL COMPUSOLUTION LIMITED RISK FACTORS & CONCERNS
1. Their top ten suppliers contribute majority of their purchases.
2. The business relies heavily on capital investments. 
3. The business operations are majorly concentrated in certain geographical regions i.e., Maharashtra.
4. A substantial rise in IT equipment repair and maintenance expenses exceeding their budget, or the inability to deliver high-quality customer service and support, could harm their relationships with both current and potential customers. 
5. They may face Potential Damage and Loss of IT Equipment.