Yes. On 8th Dec. 2023.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet – Intimation

The emergence of global delivery model with a work from home workforce has given rise to many successful companies such as Toptal, Crossover etc.

This model is a win-win situation for all parties involved – workforce gets a good hourly pay for their talent/expertise in dollars credited to their account on a weekly or biweekly basis while working from home, companies are able to attract top talents (experts in the relevant areas) across the world, charge clients with higher/equivalent billing rates coupled with a lower employee cost (CTC) and achieve workforce fungibility while the clients get top class service all along for the money paid. Most importantly, it allows all parties to be nimble footed in today’s changing market and allows for optimum utilisation of resources – money, infrastructure, workforce etc.

This is unlike typical software companies saddled with a huge employee workforce, managing bench, utilisation etc. and paying a higher CTC with or without billing. Moreover, with rising job losses, billing pressure etc. things get more politicised at the ground level since each one looks to hold on to one’s own seat.

So far Ksolves seems to be leveraging a hybrid delivery model trying to get the best of both worlds which is good.

Recently written a thread on Hero Moto Corp would appreciate any feedback.
https://x.com/rankamoksh/status/1730832601902985570?s=20

Is getting Freelancers and Clients from Upwork good biz model? A company that commands PE of 43+.

is anyone tracking it actively? the margins have improved due to reduction in material cost in last quarter. wanted to know if this will be sustainable ?