Enfuse Solutions IPO

Incorporated in 2017, Enfuse Solutions Limited provides integrated digital solutions in the areas of data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, education, and technology solutions. The company operates in four areas: Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence and Edtech & Technology Solutions. In Data Management & Analytics, the focus is on analyzing data to make informed decisions. E-Commerce & Digital Services develops and optimizes digital platforms for seamless online experiences. Machine Learning & AI offer innovative solutions. Edtech & Technology Solutions improves the educational experience and offers technological solutions. The company has two delivery centers, one in Thane, Maharashtra, and the second in Vikroli, Mumbai, Maharashtra. The company generates revenue from its domestic business in India and exports services to countries such as the US, Ireland, the Netherlands and Canada. As of December 31, 2023, the company employed a total of 448 employees at various levels of the organization, including key management personnel.

The company intends to utilize the proceeds of the Issue to meet the following objectives: Repayment of certain Borrowings availed by the Company To meet Working Capital requirements; and General Corporate Purpose

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