Onward Technologies
Financials
Estimates*
INR | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 2.7b | 2.4b | 3.1b | 4.4b | 4.7b | 7.3b | 9.3b |
% growth | - | (10 %) | 28 % | 43 % | 7 % | 55 % | 27 % |
EBITDA | 248m | 224m | 284m | 327m | 592m | - | - |
% EBITDA margin | 9 % | 9 % | 9 % | 7 % | 13 % | - | - |
Profit | 62.4m | 73.4m | 237m | 115m | 339m | 639m | 939m |
% profit margin | 2 % | 3 % | 8 % | 3 % | 7 % | 9 % | 10 % |
EV / revenue | 0.3x | 0.8x | 2.5x | 1.4x | 2.0x | 1.2x | 0.9x |
EV / EBITDA | 3.5x | 8.1x | 26.9x | 18.7x | 15.9x | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
$9.7m | Growth Equity VC | ||
Total Funding | $9.7m |
Recent News about Onward Technologies
EditOnward Technologies is a global player in software development, testing, and integration, serving industries poised for future growth. With a workforce of 2,600 professionals, the company blends the expertise of graduate engineers and seasoned industry veterans. Operating in six countries with 13 offices, Onward Technologies has a significant presence, particularly in India, where it houses embedded labs dedicated to client-specific software and hardware trials. The company primarily serves the automotive sector, focusing on advanced driver assistance systems (ADAS) and autonomous driving technologies. By integrating intelligent software with robust hardware, Onward Technologies aims to enhance vehicle navigation, safety, and user experience. The business model revolves around providing comprehensive, scalable solutions tailored to client needs, generating revenue through service contracts and project-based engagements.
Keywords: software development, testing, integration, automotive, ADAS, autonomous driving, global presence, embedded labs, scalable solutions, industry veterans.