Onward Technologies Limited has announced a significant move in its European operations, relocating its offices to Birmingham, UK, and Munich, Germany. This strategic decision aims to strengthen the company's presence in key automotive and global mobility industry hubs.

Strategic Alignment with Key Industries

The relocation reflects a deliberate shift in Onward Technologies' international business model. By moving closer to major automotive and mobility industry clusters, the company positions itself to better serve and collaborate with key customers in these sectors.

Implications for Business Growth

This move suggests Onward Technologies is focusing on enhancing its services to the automotive and mobility sectors in Europe. Birmingham and Munich are renowned for their strong presence in these industries, potentially offering Onward Technologies improved access to clients, talent, and industry insights.

Official Communication

In an official communication to the BSE Limited and National Stock Exchange of India, Aakash Joshi, Company Secretary & Compliance Officer of Onward Technologies Limited, stated:

"Onward Technologies Limited announces the relocation of its European offices to Birmingham, UK, and Munich, Germany, to strategically align with key automotive and global mobility industry customers, reflecting a shift in its international business model."

Company Background

Onward Technologies Limited, headquartered in Mumbai, India, is a global player in engineering and IT services. The company's strategic move underscores its commitment to strengthening its international presence and aligning closely with key industry sectors.

This relocation marks a significant step in Onward Technologies' European strategy, potentially setting the stage for enhanced collaboration and growth opportunities in the automotive and mobility sectors.

Onward Technologies Limited , a leading engineering and digital services company, has reported stellar financial results for the first quarter of fiscal year 2026, marking significant milestones in its growth journey.

Record-Breaking Performance

The company achieved consolidated revenues of INR 135.60 crores in Q1 FY26, accompanied by an impressive EBITDA margin of 12.90%. Both figures represent the highest ever recorded in Onward Technologies' history, showcasing the company's strong execution capabilities and operational efficiencies.

Key Highlights

Strategic Focus and Expansion

Onward Technologies continues to concentrate on its core verticals while expanding its presence in key markets:

• Geographic Focus: Primary regions remain North America and Europe
• Vertical Expansion: Investing in the newly created Healthcare vertical
• Infrastructure Upgrades:
  • Upgraded Pune office at Almonte IT Park, Kharadi
  • Plans to open the largest design center in Chennai during Q2

Management Commentary

Jigar Mehta, Managing Director of Onward Technologies, attributed the company's success to "seamless execution and operational efficiencies we're driving through automation across our business." He expressed optimism about the company's future, citing good visibility for the year based on the existing order book and new projects from current clientele.

Future Outlook

Onward Technologies has set ambitious targets for the future:

• Aiming for double-digit revenue and EBITDA growth annually
• Projecting to reach approximately 2,700 employees by March 2025
• Expecting headcount growth in coming quarters as engagements mature and the global delivery model scales

Investor Conference Details

The company held an investor conference call on July 16, 2025, to discuss the Q1 FY26 results. The transcript of the call has been made available on the company's website, demonstrating Onward Technologies' commitment to transparency and investor communication.

As Onward Technologies continues to build on its strong performance, the company remains focused on execution and seamless delivery, positioning itself for sustained growth in the engineering and digital services sector.