Climate Change Data

MICROPRO SOFTWARE SOLUTIONS LIMITED

Climate Impact & Sustainability Data (2021-03 to 2023-03, 2023-03 to 2024-03)

Reporting Period: 2021-03 to 2023-03

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Intense competition in the rapidly evolving technology services industry.
  • Fluctuations in revenues, expenses, and profitability.
  • Exchange rate fluctuations impacting international business.
  • Dependence on developing new products and services.
  • Risk of intellectual property infringement claims.
  • Potential for software defects.
  • Risks associated with international sales and operations.
  • Dependence on client contracts and potential for contract termination or renegotiation.
  • Fluctuations in sales cycles.
  • Inability to collect receivables in a timely manner.
  • Significant indebtedness and potential inability to comply with financing agreements.
  • Insufficient insurance coverage.
  • Related party transactions and potential conflicts of interest.
  • Contingent liabilities.
  • Negative cash flows from financing activities.
  • Untraceable corporate records.
  • Delays in payment of statutory dues.
  • Outstanding legal proceedings.
  • Dependence on Promoters and key personnel.
  • Rapid growth and challenges in managing it effectively.
  • Potential for economic downturns.
  • Loss of licenses to use third-party software.
  • Lack of ownership of office and warehouse space.
  • Potential for increased employee costs.
  • Risk of equipment failure or malfunction.
  • Need to change pricing models.
  • Risk of fraudulent or malicious activity.
  • Dependence on reliable power and internet services.
Mitigation Strategies
  • Vigorous protection of intellectual property rights.
  • Strategies to mitigate market risks, including the use of derivative instruments.
  • Continuous investment in research and development.
  • Transition to cloud and subscription models.
  • Established processes for actively monitoring risks related to data security and privacy.
  • Provisions in client agreements to limit liability.
  • Efforts to manage operations in various countries.
  • Strategies to maintain client relationships and secure new clients.
  • Efforts to accurately forecast client demand.
  • Extensive testing of software products and services.
  • Internal accruals and term loans to fund capital expenditure.
  • Insurance coverage for assets.
  • Compliance with applicable laws and regulations.
  • Internal accruals and unsecured loans to address funding shortfalls.
  • Audit Committee oversight of related party transactions.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023-03 to 2024-03

Environmental Metrics

Governance Achievements

  • Conversion from Private Limited Company to Public Limited Company
  • Increase in Authorised Share Capital
  • Restructuring of Share Capital
  • Alteration of Memorandum of Association and Articles of Association
  • Initial Public Offer (IPO)

Environmental Challenges

  • Intense competition in the IT sector
  • Retaining top talent
  • Changes in government regulations
  • Dependence on global markets
  • Cybersecurity threats
  • Rapid technological advancements
  • Infrastructure challenges in certain regions of India
Mitigation Strategies
  • Integrated enterprise risk management process
  • Strengthening internal control processes
  • Continuous upskilling and adaptation
  • Monitoring and mitigating various risks

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Gold Partner Certificate (2008-09)
  • Contribution to PLoC by HP (2019)
  • Best Solution Partner award by HP (FY’22)
  • Sophos Gold Partnership (FY 22-23)
  • Best Solution Partner