Ajay Ramakant Ojha, aged 46 years is the Promoter and Managing Director on the Board of the Company. He holds degree of Doctor of Philosophy (Science) in Chemistry, Masters of Environmental Science and Bachelors in Science from University of Mumbai. He was a member of strategic committee for Pollution reduction from two stroke 3wheeler engines constituted under the order of Hon’ble NGT through MPCB. He has been associated with the Company since inception and has over 23 years of experience in the industry. He is a visionary entrepreneur and has played a pivotal role in setting up business of the Company. He primarily looks after the overall business operations of the Company including formulation of policies for the business development. Under his guidance the Company has witnessed continuous growth. Prasad Rangrao Pawar, aged 45 years, is the Promoter, Executive Director & Chief Executive Officer of the Company. He holds a Master of Environmental Management Degree from Shivaji University, Kolhapur and Bachelors in Science from Pune University. He has been associated with the Company since inception. He has been appointed as Chief Executive Officer with effect from March 11, 2023. He has approximately 23 Years of experience in environmental industry. He is responsible for handling the Government Department & Authorities for permission regarding project related activities, makes decision for the company, do Technical & Financial Planning and Explore newer potentials for business, overall execution of the projects. Aniket Vijay Kadam, aged 41 years is the Executive Director and Chief Financial Officer of the Company. He holds a Bachelor of Engineering from University of Mumbai and completed his MBA – Retail Management & Marketing from Institute for Technology & Management, Navi Mumbai. He has more than 2 years of experience in the industry of Construction and Real Estate, etc. He has been associated with Knight Frank LLP as an Assistant Manager.

Particulars ( In Lakhs )	2021	2022	2023
Revenue from Operations	781	987	1,484
Other Income	5	12	2
Total Revenue	785	999	1,486
Direct Expense	385	88	96
Purchases	53	573	226
Changes in inventories	10	-25	-120
Employee Benefits Expense	64	56	183
Other Expenses	157	102	448
EBITDA	117	205	654
Depreciation & Amortisation	4	4	5
Finance Cost	62	50	24
EBIT	113	201	649
OPM (%)	14.85%	20.53%	43.99%
PBT	51	151	625
Tax	14	43	173
PAT	37	108	451
NPM (%)	4.73%	10.83%	30.37%
No.of Shares	73.82	73.82	73.82
EPS	0.50	1.46	6.11

 

Note: - There is no listed companies related to this company.

Review and Recommendation of Technknow Green Solutions SME IPO by IZ team is 6/10 1. Techno Green Solutions Limited, a key player in the environmental services sector, has evolved significantly since its inception in 2001. Offering a wide array of services such as consulting, environmental compliance, and sustainability, the company addresses the myriad challenges associated with environmental management. One of its standout features is its technology-first approach, incorporating digitization, artificial intelligence, and Internet of Things to offer more nuanced and effective solutions beyond traditional environmental consulting. 2. The company's market opportunity is considerably broad, catering to diverse industrial sectors like infrastructure, automotive, and real estate. This diverse clientele becomes even more crucial in the wake of growing environmental awareness and stringent regulations. The company has also managed to cultivate a mix of repeat and new customers, underlining its reliability and quality of service. 3. Techno Green is poised to benefit immensely from the recent SEBI guidelines mandating ESG norms for large listed companies. Given its already established rapport and service offerings in sustainability reporting and environmental compliance, it is well-positioned to capture this emerging market. The company has already initiated partnerships with these large listed companies, paving the way for new revenue streams and reinforcing its market relevance. 4. Financially, Techno Green has shown remarkable growth, with its consulting business witnessing a revenue share increase from 35% to 65% in the last three years. For the fiscal year ending in 2023, the company reported encouraging numbers with total revenue of 1,486 lakhs, an EBITDA of 654 lakhs, and a PAT of 451 lakhs. Their financial strategy, which includes a mix of advances and stage-wise payments, has aided in maintaining healthy cash flows. 5. However, there are associated risks, mainly the company’s heavy reliance on government and semi-government contracts for a substantial part of its revenue. Moreover, the environmental consulting landscape is highly competitive, with established giants like KPMG, E&Y, PWC, and Deloitte also in the fray. 6. Geographically, Techno Green has a solid footprint in Maharashtra and has expanded its reach to other states and international markets, including the Middle East. The company has ambitious plans to triple its revenue over the next three years through strategic expansions into the European and U.S. markets. 7. The upcoming IPO is set at a P/E ratio of 14x and a market capitalization of 64 Cr, which appears to be a fair valuation considering the company's growth prospects and market positioning. The net proceeds from the IPO are planned for various strategic investments, including R&D, office premises, team expansion, and other corporate purposes. 8. The strength of the company also lies in its seasoned management team. Led by Dr. Ajay Ramakant Ojha and Prasad Rangrao Pawar, both with over two decades of experience in the environmental industry, they are well-supported by CFO Aniket Vijay Kadam, who brings in additional expertise from the construction and real estate sectors. 9. In conclusion, Techno Green Solutions Limited offers a compelling investment opportunity, especially in light of the new SEBI guidelines. With its comprehensive range of services, robust financial health, and strategic market and geographical positioning, the company is well-poised to capitalize on the burgeoning demand for environmental services. This makes the IPO an attractive proposition for investors seeking to invest in a financially stable company that also contributes significantly to environmental sustainability and compliance.

Techknowgreen Solutions Limited Flat-202, Hem Opal Apartment, Plot No. 26, Ekta Park Society, Wakdewadi Pune - 411003 Phone: +91 9607002553 Email: cs@techknowgreen.com Website: http://www.techknowgreen.com/index.php