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