I would request u to go thru the company’s annual report and also find out abt the promoters background. The promoters hv been in technology business since 1999. One of their major clients earlier ws citi bank. They were into similar business earlier bt on Web platform so assuming “every corporate r engaged with some IT partners” even they will hv a set of customers who will give them revenues. Their numbers growing at 35%p.a. tells us tht. Some part of it is attributable to acquisitions ofcourse. As per ur suggestions will try to find out what is unique abt the products (whether there is any) and revenue from top 5 clients as well. Good to know ur views. Thanks for ur assessment.
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