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* - Tentative Dates
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
1. To meet incremental working Capital requirements
2. Acquisition of Software ; and
3. General corporate purposes
Kretto Syscon Ltd's revenue increased by 11.76% and profit after tax (PAT) rose by 35.4% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 18.52 | 17.56 | |
| Revenue | 0.70 | 0.63 | 4.15 |
| Profit After Tax | 0.25 | 0.19 | 0.18 |
| Net Worth | 16.71 | 16.46 | 16.28 |
| Reserves and Surplus | 1.03 | 0.78 | |
| Total Borrowing | 1.02 | ||
| Amount in ₹ Crore | |||
Kretto Syscon operates in two business segments; Information Technology (IT) and Construction business.
In the construction business, the company develops and constructs residential and commercial projects in Ahmedabad, Gujarat.
And in the IT industry, it is engaged in software designing, customization, developing, and dealing in computer software and solutions services. It develops, designs, imports, exports, and distributes system and application software, offshore software development projects, internet service providers, etc.
