Key Quantitative Figures

  • Paid-up Capital: ₹22,75,38,700
  • Turnover (FY 2025-26): ₹41,677.36 lakhs
  • Net Worth (FY 2025-26): ₹21,390.70 lakhs
  • Total Employees: 2,359 (Permanent: 2,359; Other than Permanent: 0)
  • Male Employees: 1,863 (78.97%)
  • Female Employees: 496 (21.03%)
  • Employee Turnover Rate (FY 2025-26): 37.93% (Male: 38.35%, Female: 36.30%)
  • Export Contribution: 28% of total turnover
  • CSR Applicability: Yes (under Section 135 of Companies Act, 2013)
  • Cost incurred on wellbeing measures: 0.29% of total revenue (FY 2025-26)
  • Gross wages paid to females: 19.70% of total wages (FY 2025-26)
  • Number of days of accounts payables: 60 days (FY 2025-26)
  • Sales to related parties: ₹7,915.43 lakhs (FY 2025-26)

Dates of Action

  • Report Date: June 22, 2026
  • Financial Year Reported: FY 2025-26 (April 1, 2025 to March 31, 2026)
  • Digital Signature Date: June 22, 2026 at 11:48:40 IST

Entities Involved

  • Listed Entity: Onward Technologies Limited
  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • Subsidiaries:
  • Onward Technologies, Inc. (Wholly owned subsidiary)
  • Onward Technologies GmbH (Wholly owned subsidiary)
  • Onward Technologies Canada Inc. (Wholly owned subsidiary)
  • Onward Technologies BV (Wholly owned subsidiary)
  • OT Park Private Limited (Wholly owned subsidiary)
  • Contact Person: Mr. Aakash Joshi, Company Secretary & Compliance Officer

Business Operations Overview

  • Main Business Activity: Computer programming activities, consultancy and other information technology related services (100% of turnover)
  • NIC Code: 62013 (Providing software support and maintenance to clients)
  • Operations: 7 national offices across 4 Indian states; 5 international offices across 5 countries
  • Markets Served: North America and Europe across sectors including Industrial Equipment, Off-Highway, Energy, Data Centers, Automotive, Rail Transportation, Healthcare and Life Sciences

Material Responsible Business Conduct Issues

The company identified 11 material issues with associated risks/opportunities:

Risks (R):

  • Cybersecurity & Information Security (Risk of business interruption, remediation costs, contractual exposure)
  • Data Security & Customer Privacy (Risk of financial penalties, legal exposure, loss of client confidence)
  • Corporate Governance & Ethical Business Conduct (Risk of regulatory action, financial penalties)
  • Vendor & Supply Chain Risk Management (Risk of delivery disruptions, increased operational costs)

Opportunities (O):

  • Quality of Services & Customer Value (Higher customer retention, repeat business)
  • Employee Health, Safety & Well-being (Improved productivity, reduced absenteeism)
  • Talent Attraction, Retention & Skill Development (Enhanced delivery capability, innovation)
  • Diversity, Equity & Inclusion (Improved employee engagement, stronger employer brand)
  • Energy efficiency & Renewable Energy (Reduction in operational costs)
  • Water Management (Reduced utility costs)
  • Climate Change & GHG Emission (Improved ESG performance, stakeholder confidence)

ESG Initiatives and Performance

Environmental Performance

  • Energy Consumption: Total 4,430.83 GJ (Renewable: 529.96 GJ; Non-renewable: 3,900.87 GJ)
  • GHG Emissions: Scope 1: 28.99 tonnes CO2e; Scope 2: 744.12 tonnes CO2e; Scope 3: 84.21 tonnes CO2e
  • Water Consumption: 452.53 kiloliters
  • Waste Generated: 3.902 metric tonnes (E-waste: 1.136 MT; Battery waste: 2.040 MT; Plastic: 0.039 MT; Other non-hazardous: 0.687 MT)
  • Initiatives: Shift to wind power electricity, introduction of electric vehicles for management

Social Performance

  • Employee Well-being: 100% health and accident insurance coverage for all employees
  • Training Coverage: 100% of employees covered on health and safety measures; 98.52% on skill upgradation
  • Grievance Mechanisms: Whistleblower policy, POSH committee, and general grievance redressal processes
  • CSR Projects: Supported 7 organizations including SRCC, RA Foundation, Roti Foundation, Avasara Academy, Foundation To Educate Girls Globally, All India Chess Federation for the Blind, and Inspire Institute of Sports
  • Diversity: 14.29% female representation on Board of Directors (1 out of 7 directors)

Governance Performance

  • Policies Implemented: All NGRBC principles covered with board-approved policies
  • Compliance: No fines/penalties paid in proceedings with regulators/law enforcement agencies
  • Anti-corruption: Established Anti-Bribery Policy with zero-tolerance approach
  • Board Oversight: Mr. Jigar Mehta, Managing Director responsible for sustainability-related decisions

Financial Impact

Specific financial implications were disclosed for material issues:

  • Negative implications identified for risks: cybersecurity incidents, data breaches, governance failures, and vendor disruptions
  • Positive implications identified for opportunities: cost reductions, improved revenue, reduced attrition costs, and enhanced business performance

Forward-Looking Commitments

The company has set specific ESG goals with defined timelines:

1. Increase training programs on environmental and social aspects

2. Enhance engagement levels with community

3. Minimize carbon footprint by 5% every year

4. Improve initiatives for water and energy conservation

Certifications and Standards

  • ISO 27001:2022 (Information Security)
  • ISO 9001:2015 (Quality Management)
  • TISAX (Trusted Information Security Assessment Exchange)