ACS Technologies Limited (ATL): A Leader in IT Solutions with 40 Years of Expertise
ACS Technologies Limited (ATL) specializes in delivering a broad range of IT services, including analytics, automation, hospitality and queue management, big data, and cloud solutions. Additionally, the company provides software development, IT infrastructure security, surveillance, and managed services. ATL serves various sectors, including government, corporate/private, multinational corporations, academic and research institutions, and banks. Its notable clientele includes organizations such as APGENCO, Atomic Minerals Division, Bharat Electronics Ltd, Bharat Sanchar Nigam Ltd, Commissioner of Agriculture, Commissioner of Income Tax, and Commissioner of Police. Established in 1993, ATL is headquartered in Telangana.
- 40 Years of Experience
- Industry Evolution: The company has navigated through multiple transformative eras in the IT industry, always remaining at the forefront.
- Expertise and Perspective: The founders leveraged their extensive experience to identify business opportunities in the rapidly changing IT landscape.
- Service Offerings: ACS Technologies provides a wide range of services tailored to meet the demands of the ever-growing and challenging IT industry
| Legal Name | ACS TECHNOLOGIES LIMITED |
| Type of Entity | Public Limited Indian Non-Government Company (Buy unlisted shares) |
| Listing Status | Unlisted |
| Date of Incorporation | 19 Jan, 1993 |
| Industry | Information Technology |
| Segment(s) | IT Consulting and Other Services |
| Registered Address: | Shaikpet Telangana,500081 |
Management
Ashok Buddharaju, Chairman & Managing Director of ACS Technologies, is an Engineering graduate in Computer Sciences with 30 years of experience. He has led large technical teams at Wipro and Brigade, played a key role in implementing Six Sigma quality initiatives, and managed over 2,000 personnel. Ashok was instrumental in establishing Wipro’s Center of Excellence and transforming ACS from a traditional IT services provider to a business solutions company offering cutting-edge technology.
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Prabhakara Rao Alokam is a Chartered Accountant and CFO of the company
entrepreneur with 20 years of experience in finance and industry. He specializes in strategic planning, business model development, financing strategy, corporate planning, and risk management, playing a crucial role in ACS Technologies’ growth. Additionally, he serves as a Board Director for a logistics company and as a promoter for an IT/ITES firm. His diverse background includes expertise in the agro-based seed industry, bulk drugs, and large-scale dairy industries.
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Anitha Alokam is a Director with extensive experience in administration and human resources management. She has streamlined employee hiring, training, and performance appraisals through a dynamic review system. Additionally, she oversees inventory, procurement, and administrative workflows, ensuring efficient operational management.
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Business Segments
Knowledge solutions
Smart Analytics
- Athena Smart Analytics System: Integrates smart sensor technologies for city-wide visualization, analytics, and decision support.
- Scalable Smart City Solutions: Supports various sectors like transport, energy, water, surveillance, emergency response, and home automation.
- Smart Transport & Energy: Includes vehicle tracking, fleet management, GSM-enabled street lighting, and energy meters.
- Comprehensive Surveillance & Emergency Response: Offers CCTV surveillance and an integrated platform for managing emergencies.
- Home Automation & Intelligent Advertising: Provides remote control of home systems and demographic-based smart ad feeds.
IOT & Automation
- IoTIQ: A subsidiary of ACS Technologies, specializing in world-class IoT and automation products.
- Diverse Product Range: Offers solutions for homes, offices, campuses, gated communities, and Smart Cities.
- Advanced Technology: Supports GSM/GPRS, WiFi, BLE, and Zigbee protocols, with ongoing R&D in NBIoT technology.
- Comprehensive Automation: Includes lighting, appliance, door, and curtain control, along with security and remote surveillance.
- AI-Driven Innovation: Features AI-based systems that learn and adapt to user preferences, with voice control available in any language.
Learning and Management
1. Mission: Empower institutions by enhancing education and professional development through an open platform.
2. Challenge: Addressing the need to coordinate and track training for dispersed workforces.
3. Solution: An e-learning/LMS platform that transforms learning experiences with comprehensive training solutions.
4. Key Features: Includes administration of training programs, dynamic learning support, mobile access, and interactive, customizable content.
5. Scalability: A cloud-based platform capable of supporting over 10,000 concurrent users.
Document Management
- DARMS: ACS’s Intranet-based Document Archival, Retrieval, and Management System.
- Proven Success: Installed in large defense organizations for secure document management.
- Structured Storage: Organizes documents hierarchically by department, roles, access rights, keywords, and dates.
- Fast Retrieval: Offers multiple search options, including full-text search across various document formats.
- User-Friendly: Features a simple UI and customizable setup for easy integration into organizations of any size.
Business solutions
| Category | Solution | Features | Description |
| Hospitality Management | Property Management System (PMS) | Reservations, guest services, accounts, audits | Comprehensive hospitality tool |
| Integrated Operations | Interfaces with EMS, POS, HRIS, MIS | Enhances operational efficiency | |
| Cloud-Based Agility | Accessible from any device | Adaptable and efficient | |
| Competitive Advantage | IoT integration for small and medium hotels | Improved efficiency and cost-effectiveness | |
| Queue Management | QMS (Queue Management System) | Automated token issuance, scheduling | Reduces wait times |
| Efficient Counter Management | Balances visitor load | Minimizes wait times | |
| Token Display & Announcements | Token displays, voice announcements | Streamlines service | |
| Visitor Management | VMS (Visitor Management System) | Pass issuance, visitor details, time tracking | Manages appointments and access |
| Helpdesk Management | HelpDesk | Issue registration, assignment, tracking, closure | Manages customer complaints |
| Role Support & Alerts | Delay alerts, escalation | Enhances issue management | |
| Comprehensive Reporting | SLA evaluation, performance analysis | Detailed reporting | |
| HRMS | HR Management System | Recruitment, onboarding, attendance, payroll, appraisals, performance monitoring | Comprehensive employee lifecycle tool |
| Deployment | Cloud-based ERP, intranet use | Flexible deployment options |
Technology
OneThing Cloud
- OneThing Cloud: A cloud storage solution allowing users to store and access data from anywhere without using phone space.
- Key Features: Offers fast downloads, HD viewing on TVs (including non-smart TVs), and secure storage with encrypted transmission.
- Additional Benefits: Enables quick photo backups, phone memory expansion, efficient file management, and integrates cloud computing with blockchain rewards.
Growth and Impact of India’s IT & BPM Sector: Key Highlights and Future Prospects
The IT & BPM sector significantly contributes to India’s economy, making up 7.5% of the GDP in FY23, with expectations to reach 10% by 2025. With 76 crore citizens having internet access, digital adoption is rapidly advancing. The IT industry’s revenue was US$ 245 billion in FY23, projected to grow to US$ 350 billion by 2026, with IT spending set to increase by 11.1% in 2024. The software industry is on track to hit US$ 100 billion by 2025, while IT exports reached US$ 194 billion in FY23. The sector added 2.9 lakh jobs, totaling 5.4 million workers, and continues to attract significant investments in cloud services, AI, and digital technologies. Government initiatives are bolstering this growth, positioning India as a leading global offshoring destination, with potential service exports of US$ 1 trillion by 2030.
ACS Technologies: Key Developments in Technology and Business Growth
Technology and Business Progress: Key Updates (August 2024)
ACS Technologies is advancing towards its goals of doubling revenue and developing Intellectual Property. They have completed a unique Made-in-India AI and Neural Network software implementation for a Defence Organisation, now ready to go live. The new IoT Platform, featuring a web portal and mobile apps for Home and Building Automation, is approaching Alpha Testing, with production of automation electronics sensors and controllers underway.
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The company has also secured a major Defence order for Cybersecurity, entered the Smart Streetlighting sector with a significant government contract worth Rs 40 to 50 Crore, and is finalizing procedural requirements for share credit as part of its listing approval, with plans to approach BSE for a trading date announcement soon.
Financial Highlights
₹ in crores
| Particulars | FY 2024 | FY 2023 |
| Net Revenue | 82 | 70 |
| EBITDA | 11 | 6 |
| Profit after tax | 4.23 | 2.90 |
| EPS | 0.74 | 0.61 |
| Valuation | 31st March, 2024 |
| Share Price | 45 |
| Outstanding shares | 6 cr (Approx.) |
| MCAP | 250.84 cr. |
| P/E Ratio | 60.81 |
| P/S Ratio | 3.06 |
| P/B Ratio | 3.22 |
| Book value per share | 14 |
Shareholding Patterns
| Name | Shareholding (%) |
| Alokam prabhakara rao | 14.67 |
| Anitha alokam | 6.67 |
| Ashok kumar buddharaju | 11.19 |
| Rama devi buddharaju | 9.62 |
Key clients
SWOT Analysis
Strengths:
- Large Customer Reach: Strong presence across Government, PSU, BFSI, and Corporates, with global expansion.
- High Customer Retention: Repeat contracts ranging from 2 to over 20 years.
- Brand Partners: Authorized reseller for top brands like HP, IBM, Microsoft, Dell.
- Experienced Management: Leadership with 15-30 years of cross-functional expertise.
- Industry Connections: Extensive networks, referrals, and technology alliances.
- Proven Track Record: No failed projects in 38 years, strong IPR for software products.
Weaknesses:
- 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.
Peer Comparision
| Particulars | ACS Technologies | Coforge Ltd | Affle India Ltd | Cyient Ltd |
| Revenue | 82 cr. | 9,240 cr. | 1,900 cr. | 7,213 cr. |
| PAT | 4.23 cr. | 8,36 cr. | 297 cr. | 703 cr. |
| EPS | 0.7 | 129.5 | 2.1 | 61.7 |
| EBITDA | 11 cr. | 1489 cr. | 9366 cr. | 1301 cr. |
| Share price | 45 | 6,330 | 1,620 | 1,999 |
| MCAP | 251 cr. | 42,239 cr. | 22,742 cr. | 22181 cr. |
| P/E Ratio | 60.81 | 55.1 | 71.60 | 31.7 |
| P/S Ratio | 3.06 | 4.57 | 11.97 | 3.08 |
| P/B Ratio | 3.22 | 2.54 | 52.62 | 5.2 |
| Book value per share | 14 | 587 | 178 | 384 |
ACS Technologies ltd unlisted shares are currently trading at ₹45 , CLICK HERE to Invest.
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