- Business
- Octaware Technologies Limited (OCTAWARE.BO) provides information technology solutions, specializing in software development, enterprise solutions, and consulting services focused on Microsoft platforms for small and medium-sized enterprises and large corporations. The company offers core products including PowerERM for human capital relationship management; Hospice for healthcare and citizen services; iOnAsset for inventory management and tracking; Sifa Care MD for emergency healthcare; OTMAccelerating for app access to immediate healthcare; and eProcurement management solutions; alongside services such as MS Azure infrastructure; MS Dynamics 365 Business Central implementation; rapid no-code/low-code application development; cloud migration consulting, implementation, and support; ERP and CRM deployment; mobile solutions; RFID technologies; IT infrastructure management; enterprise portals; and geospatial services. Founded in 2005 and headquartered in Mumbai, India, at 204, Timmy Arcade, Makwana Road, the company operates through subsidiaries in the United Arab Emirates, United States, and India, with marketing offices in Zimbabwe, Nigeria, Saudi Arabia, Qatar, and additional facilities in Bangalore and Dubai. Octaware serves industries including banking and financial services, government, manufacturing, consumer goods, retail, real estate, oil and gas, and IT/ITES, targeting corporate clients worldwide, including Fortune 500 companies, with a SEI-CMMI Level 3, ISO 9001:2015, and IEC 27001:2013 certification. In recent developments, the company has sustained operations amid oscillating profitability, reporting a profit of ₹0.28 crore for the March 2025 quarter following losses in prior periods, while maintaining a moderately strong balance sheet and increasing net debt position as of September 2025; it continues to leverage strategic alliances with Microsoft as a Gold Partner and vendors for contracting software solutions across India, the Middle East, and other regions, with no major acquisitions, funding rounds, or product launches announced in the last 1-2 years.