* - Tentative Dates
The company proposes to utilize the Net Proceeds:
Towards working capital requirements;
1. Adjustment of Unsecured Loans against the Entitlement of the Promoter;
2. Towards working capital requirements
3. General Corporate Purposes.
GlobalSpace Technologies Ltd's revenue increased by 111.25% and profit after tax (PAT) rose by 7321.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 61.96 | 64.33 | 51.20 | |
| Revenue | 9.52 | 19.34 | 9.15 | 25.12 |
| Profit After Tax | 0.21 | 0.52 | 0.01 | 5.67 |
| Net Worth | 36.26 | 36.05 | 35.55 | |
| Reserves and Surplus | 24.63 | 24.10 | 24.98 | |
| Total Borrowing | 32.25 | 21.71 | 33.20 | |
| Amount in ₹ Crore | ||||
Founded in 2010, Globalspace Technologies Limited is an information and communication technology (ICT) company that provides integrated software product platforms and solutions that enable large and medium enterprises to leverage mobility and digital technology for business development. The company offers domain-specific mobility and digital technology products by leveraging advanced web and mobile technology, big data, analytics and custom hardware to deliver customizable and configurable solutions for various vertical industries. The company launched its flagship product for the pharmaceutical industry in 2011.
The core technology platform has continued to evolve and now includes industry solutions for banking, financial services, insurance and education. The company has an impressive client list that includes some of the most prestigious pharmaceutical companies, banking conglomerates and large education groups.
The company's cloud-hosted software solutions are built in three (3) layers: