Globtier Infotech Limited - IPO

1. If we are unable to attract and retain qualified, experienced and other employees, it may negatively impact our business conditions including operations, and financial condition. Additionally, employee benefit expenses make up a significant portion of our overall costs, and any substantial increase in these expenses could adversely affect our business including financial performance and profitability.

2. Our revenue from operations is primarily driven by System Integrators (SIs). Any challenges in maintaining relationships with these SIs or unfavorable market developments affecting SI driven IT services could have a adverse impact on our business, operational performance, cash flows, and overall financial health.

3. We depend on certain key customers for our revenues. A decrease in the revenues we derive from them could materially and adversely affect our business, results of operations, cash flows and financial condition.

4. We have experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect our cash flow requirements, which in turn may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.

5. We are subject to several labour legislations and regulations governing welfare, benefits and training of our employees. Any increase in such costs could adversely affect our business, results of operations, cash flows and financial condition.

6. There are instances of non-payment/ delayed payment or defaults in the payment of statutory dues by the Company.

7. Our Company does not have sanction letters of certain secured and unsecured loans availed by our Company.

8. Failure to offer customer support in a timely and effective manner may adversely affect our relationship with our customers.

9. Our Company has not entered into any long-term contracts with our customers and we may not have any firm arrangements which govern the provision of services of our Company. In the event our customers choose not to source their requirements by engaging us, our business, profitability and results of operations may be adversely affected.

10. Our failure to perform in accordance with the standards prescribed in Master Service Agreements, Statement of Work and other Agreements of our customers could result in loss of business or compensation.