i. Mr. Metikurke Ramaswamy Raman Subbarao, is one of the Promoter and currently the Chairman and Managing Director of the Company. He holds a Bachelor of Engineering in Electronics from B. M. S. College of Engineering, Bengaluru, Karnataka. He has work experience of more than 32 years in Software development, IEEE-488 based Test & Measuring instruments, Design & development of Microprocessor/Microcontroller based Controllers, vast programming expertise Spanning Machine, Assembly and High-Level Languages, Web based tools for data capturing, monitoring and analysing data. He has been driving technological innovations all throughout, with major accomplishment of becoming the very few early companies to be funded by Venture Capital in 1992 from “Canbank Venture Capital Fund” of Canara Bank for developing Microprocessor based programmable instruments compatible to IEEE-488 standards with PC based controllers for the first time in the country. He has received multiple certificates of recognition for his exceptional performance. ii. Mr. Danavadi Krishnamurthy Arun, is one of the Promoter and Whole-time Director of the Company. He holds a Bachelor of Engineering in Mechanical from Gulbarga University. He has work experience of more than 32 years in IT Industry. He has worked on different technology domains starting from assemble language programming, managing production & testing, deployment of IEEE -488 based equipment’s for Telecom & Defence industry. Currently managing operations by providing directions in implementing systems for business operations, overseeing operations of the company, taking care of legal & statutory compliance, customer & vendor contracts, accounts receivable & accounts payable & interacting with bank & other institutions. He has been associated with the Company since July 01,1991. iii. Mr. Raghu Chandrashekhariah, is one of the Promoter, Whole-time Director and Chief Financial Officer of the Company. He holds a Bachelor of Engineering in Electronics and Communications from University of Mysore. He has work experience of more than 31 years in Business Development, Customer and Talent acquisition. He has been associated with the Company since April 1, 1992.

Particulars ( In Lakhs )	2021	2022	2023
Revenue from Operations	2,562	5,151	7,452
Other Income	17	49	95
Total Revenue	2,578	5,200	7,547
Cost of Materials Consumed	547	1,944	1,897
Changes in Inventories	130	-327	98
Employee benefits expenses	1,207	1,976	3,045
Other Expenses	352	879	1,136
EBITDA	343	728	1,370
Depreciation & Amortisation	35	38	40
Finance Cost	10	67	150
EBIT	309	690	1,330
OPM (%)	13.32%	14.00%	18.15%
PBT	299	623	1180
Tax	89	167	328
PAT	210	456	853
NPM (%)	8.16%	8.77%	11.30%
No.of Shares	561.83	561.83	561.83
EPS	0.37	0.81	1.51

Name of the Company	Revenue (In Crore)	PAT (In Crore)	EPS ( in Rs)	P/E	CMP	Mcap (In Crore)
Canarys Automations Limited	75	9	1.51	20.4	31	174
All E Technologies Limited	88	12	5.74	21.2	146	295
Happiest minds Limited	1,333	216	14.73	62.2	904	13,757

* All the data is as per FY23.

Review and Recommendation of Canarys Automations SME IPO by IZ team is 6/10 Read Complete Review Here

Canarys Automations Limited No. 566 & 567, 2nd Floor, 30th Main, Attimabbe Road, Banagirinagara, Banashankari 3rd Stage, Bengaluru - 560085 Phone: +91 98458 62780 Email: nagashree.hegde@ecanarys.com Website: https://ecanarys.com/