This post highlights one of the reasons why we like the company. A primary reason is the exceptional qualities of its management.
1. HUMILITY
Responding to a question on stagnant revenue (~INR 400 Cr for 3 years), Avinash humbly accepts the critique, attributes it to external factors (post-COVID turmoil), and expresses gratitude for navigating challenges, without excuses or overconfidence.
2. OPTIMISM
Positive mindset — expressing confidence in ongoing improvements and a proactive stance toward growth, even in a micro-company context amid US uncertainties. Note that this comment was made when the stock price crashed from 840 levels (in April 2022) to 300 levels (in May 2025).
3. GROWTH MINDSET
Management acknowledged that the company’s growth momentum had been hurt, particularly noting a revenue range where they were “stuck” for several quarters.
4. HIGH INTEGRITY
Humility and High Integrity: Avinash Sethi, “Promoters did not participate [in the buyback], even though we were eligible. We wanted to reward our shareholders”
5. COMPETENT
The company transitioned its focus to an “AI-led data engineering company” and sought to expand its technical offerings beyond traditional services.
The IT services model relies heavily on long-term client retention and repeated business generation. Management highlighted the company’s USP as its ability to strike long-term relationships, with client tenures stretching 10, 15, or even 22 years.
See you next time.
Until then… Stay Prudent!
Disclaimer: This article is provided for informational purposes only and should not be considered as an investment advice
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