ACS Technologies Unlisted Share

ACS Technologies Limited (ATL), established in 1993 and based in Telangana, India, provides IT services like analytics, automation, big data, cloud solutions, software development, and IT security. It serves government agencies, corporations, MNCs, and banks, with clients including APGENCO, Bharat Electronics Ltd, and Bharat Sanchar Nigam Ltd.

• 40 Years of Experience: ACS Technologies has been at the forefront of the IT industry for four decades, adapting to its numerous transformations.
• Established in 1993: Founded by seasoned IT professionals from renowned organizations like IBM, Bell Labs, IIM, ECIL, and ASCI.
• Expertise: The founders utilized their extensive experience to identify new opportunities in the evolving IT landscape.
• Comprehensive Services: Offers a broad range of tailored IT services to meet the industry's growing and diverse demands.

Business Segments

Knowledge solutions

Smart Analytics

IOT & Automation 

• IoTIQ: Subsidiary of ACS offering world-class IoT and automation products.
• Product Range: Solutions for homes, offices, apartments, gated communities, campuses, townships, and Smart Cities.
• Technology: Designed and built in India, supporting GSM/GPRS, WiFi, BLE, and Zigbee protocols.
• Innovation: Ongoing R&D for Next Gen products using NBIoT technology.
• Automation Solutions:
• Lighting Control
• Appliance Control
• AI-based system that learns and adapts to user preferences

Learning and Management

• Mission: Empower institutions and enhance education with a focus on professional development and future employment through an open platform.
• LMS Features:
• Administration: Manages training programs, classrooms, online events, and content.
• Flexibility: Supports dynamic learning with collaboration and knowledge sharing.
• ·Mobile Learning: Learning on-the-go with mobile access.
• ·SaaS & Administration: Includes features like identity and role creation, and learning path management.
• ·Interactive Content: Rich, customizable course content with e-Library and online assignments.
• Cloud-based platform supports over 10,000 concurrent users.

Document Management

• Intranet Document Management: DARMS is an intranet-based system for archiving, retrieving, and managing documents.

• Efficient Storage and Search: Offers hierarchical storage by department and role, with multiple search options, including full-text search across different formats.

• Proven and User-Friendly: Successfully used in large defense organizations, featuring a simple UI and customizable setup for easy adoption in any organization.

Business Management

Hospitality Management

• Comprehensive PMS: Manages reservations, guest registration, check-in/check-out, and accounting.
• Integrated Systems: Connects with front office, F&B, energy, and security systems for streamlined operations.
• Cloud-Based: Accessible on any device, enhancing flexibility and eliminating the need for local servers.
• Boosts Efficiency: Helps small and medium-sized hotels improve operations and reduce costs through IoT integration

Queue Management

• QMS (Queue Management System): Automates token issuance and scheduling to reduce wait times for visitors.
• Ideal For: Banks, hospitals, and public utility services with high customer volumes.
• Counter Management: Specifies the number of available service agents or doctors.
• Load Balancing: Automatically distributes visitors across multiple counters to minimize wait times.
• Token Display & Announcements..

Visitor Management

• VMS (Visitor Management System): Comprehensive solution for managing visitor appointments and access.
• Features: Includes pass issuance, visitor details storage (with photographs), time in/out tracking, and MIS reporting.
• Versatile: Suitable for various organizations (Government, PSU, Private, Institutional, Defence) and secure apartments or gated communities.

Helpdesk Management

• Cloud-Based HelpDesk: An intranet or cloud solution for managing customer complaints and issues with online registration, issue assignment, status tracking, and resolution.

• Role-Based Access and Alerts: Supports various user roles, from Admin to Engineer, with alerts for delays and escalation options.

• Detailed Reporting: Provides comprehensive reports for evaluating service level agreements (SLAs) and analyzing performance.

HRMS

• HR Management System: Comprehensive tool for managing the entire employee lifecycle from hiring to exit.
• Features: Covers recruitment, onboarding, attendance, payroll, appraisals, performance monitoring, and exit management.
• Deployment: Available as a cloud-based ERP product and for intranet use.

Technology

OneThing Cloud

• Cloud Storage Anywhere: OneThing Cloud allows data storage and access from any location without using up phone storage.
• Fast and Secure Access: Provides quick downloads, secure file storage with encrypted transmission, and easy access on smart devices.
• Enhanced Viewing and Backup: Enables HD viewing on TVs, including non-smart TVs, and offers rapid photo backup and phone memory expansion.
• Advanced Features: Supports efficient file management and search, and utilizes cutting-edge cloud computing with blockchain rewards.

Growth and Impact of India's IT & BPM Sector: Key Highlights and Future Prospects

The IT & BPM sector is a key contributor to India's economy, accounting for 7.5% of GDP in FY23 and expected to reach 10% by 2025. With 76 crore internet users, digital adoption is growing rapidly. The IT industry's revenue was US$ 245 billion in FY23, projected to reach US$ 350 billion by 2026, with IT spending expected to rise by 11.1% in 2024. The software industry is on track to reach US$ 100 billion by 2025, and IT exports were US$ 194 billion in FY23. The sector added 2.9 lakh jobs, totaling 5.4 million workers, and is attracting major investments in cloud, AI, and digital technologies. Government support is enhancing growth, aiming for US$ 1 trillion in service exports by 2030, positioning India as a top global offshoring hub.

Technology and Business Progress: Key Updates(August 2024)

ACS Technologies is working towards doubling its revenue and developing Intellectual Property. They have completed an AI and Neural Network software for a Defence Organisation and are preparing to launch it. Their new IoT Platform for Home and Building Automation is nearing Alpha Testing. The company secured a major Cybersecurity order for Defence, entered the Smart Streetlighting sector with a Rs 40-50 Crore government contract, and is finalizing share credit procedures for listing approval, soon approaching BSE for a trading date announcement.

Key clients

Management

SWOT Analysis

Strength

• Extensive Reach and Retention: Strong presence across Government, PSU, BFSI, and corporate sectors, with high customer retention through repeat contracts of 2 to 20+ years.
• Top Brand Partnerships and Expertise: Authorized reseller for leading brands like HP, IBM, and Microsoft, backed by a management team with 15-30 years of experience.

• Solid Track Record: Proven success with no failed projects in 38 years and robust intellectual property rights for software product

Weakness

• High Working Capital: Significant capital required for large IT projects.
• Long Sales Cycle: Cash flow issues due to government procedural delays.
• Limited Global Presence: Primarily based in India with limited international reach.

Opportunities:

• Digital Market Growth: Increasing global demand for ICT infrastructure.
• Government ICT Focus: New opportunities with India's government initiatives.
• IoT Expansion: Potential for large-scale adoption of IoT products.
• Smart Technology: Investments in smart city solutions.
• Related Markets: Quick adaptation of products for related markets.
• Defense Alliances: Strong relationships with defense organizations.

Threats:

• Slow Tendering: Stringent and slow government processes.
• New Competition: Entry of big media houses and low-cost competitors.
• Market Fragmentation: Risk from large players collaborating with inexperienced entrants.

Financial Highlights

Peer Comparision

ACS TECHNOLOGIES ANNUAL REPORT 2022-23