Latest news with #OnwardTechnologies
Business Wire
12 hours ago
- Business
- Business Wire
Onward Tech Strengthens Chennai Presence With Office Expansion
CHENNAI, India--(BUSINESS WIRE)--Onward Technologies, a digital engineering services provider, headquartered in Mumbai, India has announced the strategic expansion of its global delivery network with an offshore design centre in Chennai, India. Digital and engineering research & development (ER&D) experts from the Chennai design centre will support Onward Tech's global clients from Industrial Equipment, Heavy Machinery, Transportation and Mobility industries. 'In response to the growing demand for offshore services form USA and Europe clients, Onward Tech will continue to invest in its global delivery model. We have 1000+ employees currently in Chennai and Pune each and with this new investment, we are looking at increasing the capacity to 2000 employees in Chennai. This centre will operate as an extended digital and ER&D team for our clients with state-of-the-art training centres, software labs, and amenities for our employees,' commented Jigar Mehta, Managing Director, Onward Tech. Operating as its clients' extended Digital and ER&D services team enables Onward Tech to respond swiftly to dynamic requirements and address them in its delivery approach. The Chennai design centre is its largest to date, and the company's India operations also include dedicated offshore delivery centers and labs in Pune, Bengaluru, and Hyderabad. Together, this network offers Onward Tech's clients offshore leverage and access to an expert talent pool across digital, embedded, and mechanical engineering services. About Onward Technologies Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a software outsourcing company specializing in digital and ER&D services. We help global OEMs improve speed to market, accelerate innovation, and maximize returns on their R&D investments. Headquartered in Mumbai, India, we are also an employer of choice driving positive change as a responsible corporate citizen. With over 2,500 employees across 12 offices in 6 countries and offshore development centers in India, we support multiple businesses in Transportation, Mobility, Industrial Products, Heavy Machinery and Healthcare verticals. For more information, please visit
Associated Press
12 hours ago
- Business
- Associated Press
Onward Tech Strengthens Chennai Presence With Office Expansion
CHENNAI, India--(BUSINESS WIRE)--Aug 11, 2025-- Onward Technologies, a digital engineering services provider, headquartered in Mumbai, India has announced the strategic expansion of its global delivery network with an offshore design centre in Chennai, India. Digital and engineering research & development (ER&D) experts from the Chennai design centre will support Onward Tech's global clients from Industrial Equipment, Heavy Machinery, Transportation and Mobility industries. 'In response to the growing demand for offshore services form USA and Europe clients, Onward Tech will continue to invest in its global delivery model. We have 1000+ employees currently in Chennai and Pune each and with this new investment, we are looking at increasing the capacity to 2000 employees in Chennai. This centre will operate as an extended digital and ER&D team for our clients with state-of-the-art training centres, software labs, and amenities for our employees,' commented Jigar Mehta, Managing Director, Onward Tech. Operating as its clients' extended Digital and ER&D services team enables Onward Tech to respond swiftly to dynamic requirements and address them in its delivery approach. The Chennai design centre is its largest to date, and the company's India operations also include dedicated offshore delivery centers and labs in Pune, Bengaluru, and Hyderabad. Together, this network offers Onward Tech's clients offshore leverage and access to an expert talent pool across digital, embedded, and mechanical engineering services. About Onward Technologies Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a software outsourcing company specializing in digital and ER&D services. We help global OEMs improve speed to market, accelerate innovation, and maximize returns on their R&D investments. Headquartered in Mumbai, India, we are also an employer of choice driving positive change as a responsible corporate citizen. With over 2,500 employees across 12 offices in 6 countries and offshore development centers in India, we support multiple businesses in Transportation, Mobility, Industrial Products, Heavy Machinery and Healthcare verticals. For more information, please visit View source version on CONTACT: Media Contact Archit Revandkar [email protected] Marketing, Onward Technologies KEYWORD: INDIA ASIA PACIFIC INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS TECHNOLOGY HUMAN RESOURCES SOFTWARE CONSULTING SOURCE: Onward Technologies Copyright Business Wire 2025. PUB: 08/11/2025 05:00 AM/DISC: 08/11/2025 04:59 AM
Business Wire
01-08-2025
- Automotive
- Business Wire
Onward Technologies Expands Footprint in Birmingham, UK and Munich, Germany With Offices Close to Clients
BIRMINGHAM, England & MUNICH--(BUSINESS WIRE)--Onward Technologies, a digital engineering services provider, has announced the strategic relocation of its UK office to Birmingham and its Germany office to Munich. These offices bring Onward Tech's teams closer to its Transportation & Mobility clients, reinforcing its commitment to delivering value where innovation is happening fastest. 'The new offices in the UK and Germany reflect our global strategy of investing in Europe and the positive momentum we're witnessing for our technical capabilities and services. This expansion is a testament to our focus on combining global scale with local agility,' said Jigar Mehta, Managing Director, Onward Technologies. Onward Tech partners with automotive and industrial equipment manufacturers to accelerate digital engineering programs through its global delivery model. With growing demand for offshore services across Europe, the company is investing rapidly to support clients' transformation agendas. Onward Tech is committed to investing further in Europe and has plans to initiate local hiring in the region. Being close to its clients enables Onward Tech to respond swiftly to dynamic client imperatives and mirror these in its solution approach. The company's India operations include dedicated offshore delivery centers and labs in Pune, Chennai, Bengaluru, and Hyderabad. These centers offer its clients offshore leverage and access to an expert talent pool across digital, embedded, and mechanical engineering services. Automotive and industrial equipment manufacturers are undergoing major shifts in product development, focusing on alternative powertrains, autonomous mobility, Industry 4.0, and AI/ML-driven R&D. Onward Tech remains deeply aligned with these priorities, helping clients digitalize the product lifecycle, adopt platform-based development, and unlock new revenue streams through differentiated features. About Onward Technologies Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a software outsourcing company specializing in digital and ER&D services. We help global OEMs improve speed to market, accelerate innovation, and maximize returns on their R&D investments. Headquartered in Mumbai, India, we are also an employer of choice driving positive change as a responsible corporate citizen. With over 2,500 employees across 12 offices in 6 countries and offshore development centers in India, we support multiple businesses in Transportation, Mobility, Industrial Products, Heavy Machinery and Healthcare verticals. For more information, please visit
Business Standard
16-07-2025
- Business
- Business Standard
Onward Tech surges as Q1 profit jumps 20% QoQ
Onward Technologies hit the 5% upper circuit at Rs 374.55 after the company posted strong financial results for Q1 FY26. The companys consolidated net profit rose 20.1% quarter-on-quarter (QoQ) to Rs 12.7 crore, while revenue from operations grew 4.6% to Rs 133.2 crore during the June 2025 quarter. Total revenue stood at Rs 135.6 crore, reflecting a 4.3% sequential and 13.6% year-on-year (YoY) increase. On a YoY basis, net profit surged 79.3%, backed by healthy margin expansion, consistent top-line growth, and operational efficiency. Profit before tax jumped 25.4% QoQ and 64.2% YoY to Rs 15.9 crore. Operating metrics painted a robust picture. EBITDA rose 23.3% QoQ and 46.5% YoY to Rs 17.1 crore, with EBITDA margin expanding 196 basis points QoQ and 293 bps YoY to 12.9%. EBIT came in at Rs 14 crore, up 32.9% QoQ and 66.2% YoY. EBIT margin improved to 10.5% from 8.2% in Q4 FY25 and 7.1% in Q1 FY25. Jigar Mehta, managing director, Onward Technologies, said, "We are pleased to report a record consolidated Q1FY26 total revenue of ₹135.6 crore, reflecting a growth of 4.3% QoQ and 13.6% YoY. Our EBITDA margin reached its highest ever at 12.9%, driven by continued focus on operational efficiencies and seamless execution. We are well poised to capitalize on growing market opportunities and remain focused on delivering long-term value for our stakeholders. The company remains optimistic about the evolving demand landscape and is committed to investing in talent, innovation, and customer success." Onward Technologies reported that its top 25 clients contributed 85% of total revenues in Q1 FY26. The companys total headcount stood at 2,570, with a last twelve months (LTM) attrition rate of 16.5%. Onward Technologies is a software outsourcing company, specializing in digital and ER&D services.
Business Standard
16-07-2025
- Business
- Business Standard
Onward Technologies consolidated net profit rises 79.55% in the June 2025 quarter
Sales rise 13.22% to Rs 133.15 croreNet profit of Onward Technologies rose 79.55% to Rs 12.73 crore in the quarter ended June 2025 as against Rs 7.09 crore during the previous quarter ended June 2024. Sales rose 13.22% to Rs 133.15 crore in the quarter ended June 2025 as against Rs 117.60 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 13 OPM %12.879.95 -PBDT19.1113.01 47 PBT15.929.68 64 NP12.737.09 80 Powered by Capital Market - Live News
