i. Mr. Gaurav Mittal, aged about 48 years, is the Promoter and Managing Director of the company. He has been on the Board of Directors since inception. He holds Bachelor’s Degree in Electrical Engineering from Dr. Ram Manohar Lohia Avadh University, Uttar Pradesh; Doctorate Degree in Ayurveda Astrology & Vastu Science from Good News International University, USA; Post Graduate Diploma in Business Administration from Hindu Institute of Management, Sonepat; Microsoft Certified Professional as Solution Developer from Microsoft; Project Management Professional from Project Management Institute. He has more than 22 years of experience in in IT industry and also worked in various capacities like Chief Technology Officer, Project Manager, Program Manager, Ops Manager and Manager Transition carry good hands-on experience not only in Technology but in business financial/ sales marketing specially Cash flow management, financial planning and Client relationship management etc. ii. Mr. Chetan Prakash Mittal, aged about 86 years, is the Executive Director cum Chief Financial Officer the Company. He has been on the Board of Directors since inception. He holds a Bachelor’s Degree in Commerce from Chowdhary Charan Singh. He has also cleared Departmental SAS (Subordinate Audit/Account Services). He has 34 years of experience in the field of finance, accounts and auditing for Controller General of Defence Accounts, Government of India. As Chief financial officer of ITCONS, he is responsible for planning, taking significant decisions relating to investment, making strategies, and managing financial activities, including budgeting, forecasting expenses, mitigating financial risks for sustainable growth with overall supervision of finance and accounts team the employees. The primary responsibilities include presenting and reporting accurate and timely company financial information. It includes working on annual financial reporting, corporate revenue/expense reporting, press releases, development, and monitoring contract/grant and organizational budgets. iii. Mrs. Prem Lata Mittal, aged about 78 years, is the Executive Director of the company. She has been on the Board of Directors since inception. She holds a Bachelor’s Degree in Arts from Delhi University. She has more than 15 years of experience in the field of marketing and branding with ITCONS E-Solutions Limited.  

Review and Recommendation of ITCONS E-solution by IZ team is 5/10 a) ITCONS E-Solutions Limited, founded in 2007, has 800+ workers (including contractual employees). Their clients include MNCs in the IT, staffing, food, FMCG, and other industries. b) Main services: I) Manpower Supply/Recruitment Services. II) Manpower Sourcing/Staffing Services. c) MANPOWER SUPPLY SERVICES :- a) IT Staffing b) General Staffing c) Re-badging :- Shared services buyouts, Joint ventures, Captive support, Third-party outsourcing models. d) Recruitment Process Outsourcing e) Pass through Services f)  Payroll Services g) Managed IT Services h) Product Installation & Servicing Solutions. d) The market for Manpower Services is both highly competitive and rapidly evolving. Indian IT services firms and broad-based foreign technology services corporations are their main competitors. As demand for these services rises, they expect more companies to enter the Indian market, increasing competition. e) The Revenue has Increased from Rs 8 Crore in FY20 to Rs 18 Crore in FY22. f) The EBITDA has Increased from 38 Lakhs in FY20 to 1.79 Crore in FY22. g) The PAT has Increased from 10 Lakhs in FY20 to 1.19 Crore in FY22. h) As per FY22, CFO/EBITDA is just 15% and Debtors Days is 56. i) As per FY23, EPS is 4.16 ,  Market Capitalization is 25 Crore & P/E is 12x, the IPO is on higher side. 

ITCONS E-Solutions Limited Regus Elegance 2F, Elegance Jasola District Centre Old Mathura Road, New Delhi, South Delhi – 110025 Phone: +91 120 4149563 Email: cs.pooja@itconsinc.com Website: http://www.itconsinc.com/