Corporate Feature     

Published: July 15, 2024
Updated: July 15, 2024

One Point One Solutions

Board approves fund raise up to Rs. 304.53 crore

The board of directors of One Point One Solutions Ltd. (NSE: ONEPOINT) (1Point1), the country’s leading business process management solutions company, has approved the issuance and allotment of 3,75,94,502 equity shares and 1,67,85,714 equity warrants to persons belonging to promoter/ non-promoters category at an issue price of Rs. 56 per equity share and per equity warrant, raising a total of up to Rs. 3,04,52,92,072, Subject to approval of the shareholders of the Company and such other regulatory and / or statutory approvals, as and if applicable. The company will seek the approval of shareholders in its EOGM scheduled to be held on July 18.

For the year ended 31 March 2024, the revenue rose 21.44% YoY, from Rs. 144.23 crores (FY23), to Rs. Rs. 175.16 crores (FY24). EBITDA increased 52.95% YoY, from Rs. 37.11 crores (FY23) to Rs. 56.76 Crores (FY24). PAT grew 143.5% YoY, to Rs. 21.38 crores (FY24), with EPS coming in at Rs. 1.06. Further, the company announced several business updates in the past quarter such as ITCube Pvt Ltd. Acquisition on 22nd Feb’24, Performance Management driven by gamification to drive productivity, Infusion of GenAI, RPA and Intelligent Automation to enhance operational efficiency and throughput, Additional of new accounts with better margin and Existing Account mining to broaden service offering.

One Point One Solutions is a full-stack player in BPO, KPO, IT Services, Technology & Transformation and Analytics. The company was incorporated in the year 2006 and offers comprehensive solutions in technology, accounting, skill development and analysis. In 2024, the company acquired a major stake in ITCube Solutions Pvt Ltd., which is an IT +BPM/KPO services company; headquartered in Pune and Cincinnati, Ohio. ITCube is a leading provider of technology solutions specializing in intellectual property protection, AI-driven automation, and business process optimsation. With over two decades of experience, ITCube has a robust presence in the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia serving clients across sectors.