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Latent View Analytics Ltd.

About the Company

Latent View Analytics Ltd is the leading pure-play data analytics services company in India. It has a presence across the entire value chain of data analytics from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions. They provide services to blue chip companies in Technology, BFSI, CPG & Retail, Industrials and other industries. Some of the key clients that they have worked with include Adobe, Uber Technology and 7-Eleven. It has clients across countries in the United States, Europe, and Asia and sales offices in San Jose, London and Singapore.

They have emerged as one of the most trusted partners to several Fortune 500 companies in recent years and have worked with over 30 Fortune 500 companies in the last three Fiscals.

Objects of the Issue

* Funding inorganic growth initiatives;

* Funding working capital requirements of Latent View Analytics Corporation, company’s material subsidiary;

* Investment in subsidiaries to augment their capital base for future growth;

* General corporate purposes.

Valuation

Investment in digital technologies stood at USD 1.3 Tn in 2020 and is expected to double to ~USD 2.4Tn in 2024 as enterprises scale up digital transformation efforts across business units. Also, changing consumer preferences, optimizing workflow and infrastructure modernization have accelerated investment in digital technologies. During the COVID-19 pandemic, the enterprises that had invested in digital initiatives were better placed as compared to the others, so this led to accelerated investment in digital technologies. Besides, leaders across industries are undertaking efforts to minimize spending on the maintenance of legacy applications and rapidly scaling up investments in digital technologies to fuel further growth.

We believe Latent view has distinctive product offerings, relevant experience and capabilities to manage customers which aid in driving the company’s revenue and operating efficiencies. The company’s client base includes several marquee enterprises which are engaged in diverse industries across the world, and they have maintained long term relationships with them by providing quality and customized services. Going ahead, the company’s strategy is to put efforts towards innovation, adopt a focused go-to-market strategy to gain visibility, strengthen client base and expand geographic presence. Also, it intends to expand via inorganic growth opportunities. On the financial front, the company’s performance is decent. From a long term perspective, we have a positive view on the company.

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SEBI Registration number is INZ000174330

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