Small Cap- InfoBeans Technologies Ltd

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InfoBeans Technologies Ltd


InfoBeans Technologies Ltd is primarily engaged in software development services, specializing in business application development for web and mobile and operate at Capability Maturity Model Integration (CMMI) level 3

Service Offerings
The company is primarily involved in 2 areas in the IT-BPM industry :-

1. Digital Transformation - The company’s digital services allows organizations, regardless of their size, to deal with challenges they might encounter during their transformation process. It offers services such as Cloud, UX, Application modernization, packaged implementation and enterprise mobility.

2. Product Engineering - The company designs, architect, develop and manage its clients’ product lifecycle through efficient delivery, innovation and differentiation in competitive markets. It offers Robotic process automation (RPA), salesforce, servicenow, Content management system, automation and data transformation.

Key Clientele
The company’s clients include companies like American Express, Wework, amazon, Viatech, IQVIA, ALM Media, CoAdvantage and others.

New Clients - The company added 14 clients in FY21 compared to 28 clients in FY20. It caters to 16 Fortune 500 companies.

Geographical Revenue Breakup
In FY21, USA accounted for ~94% of revenues, followed by Europe (3.3%) and Middle East (2.7%).

Geographical Employee Profile
As per FY21, the company employees ~970 employees. ~95% of total employees are located in India while the rest are located in USA, Dubai and Germany. Its main offices are located in Indore, Bengaluru, Chennai and Pune in India.

In Oct 2021, the company acquired 100% stake in Eternus Solutions Pvt Ltd for ~130 crores in cash. It is a Salesforce Platinum consulting partner and offers Salesforce consulting and implementation services to its clients based out of USA, UAE and India.

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