Avance Technologies Limited has signed a non-binding term sheet to acquire up to 100% equity stake in Pushpak AI, a Hyderabad-based computer vision and edge AI platform. The announcement positions the BSE-listed technology solutions provider to enter the high-growth visual intelligence sector amid rapid expansion in the global artificial intelligence market.

Strategic Market Entry Into AI Ecosystem

The proposed acquisition enables Avance Technologies to enter the visual intelligence and edge AI ecosystem, a segment experiencing accelerated adoption across manufacturing, infrastructure, smart cities, retail, logistics, and industrial automation sectors. The move aligns with the company's strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption.

Pushpak AI's Established Enterprise Portfolio

Pushpak AI has established a diverse enterprise client base serving leading organizations across multiple sectors. The platform's solutions have been deployed by marquee clients demonstrating scalability and readiness for large-scale, mission-critical deployments across automotive, infrastructure, financial services, and government sectors.

Key Enterprise Clients:

• Automotive Sector: Maruti Suzuki, TVS Motor Company, Hero
• Infrastructure: Larsen & Toubro, Adani Group
• Financial Services: CMS Info Systems, Spice Money, RapiPay
• Logistics: IndiCold, Envoys, Everest Fleet
• Government: Smart City Bhubaneswar, GMDA
• Defense: MCEME (Military College of Electronics and Mechanical Engineering)
• Industrial: Vardhman Group, Shanthi Feeds

Advanced Technology Platform Capabilities

Pushpak AI operates as a computer vision and edge AI analytics platform incubated at T-Hub, Hyderabad. The platform transforms visual data into actionable intelligence by processing camera feeds, videos, images, and documents at the edge for low-latency insights and real-time alerts.

Core Solution Portfolio:

• Safety and SOP compliance monitoring
• People and vehicle counting systems
• Facial recognition and emotion analytics
• Intelligent traffic and perimeter security
• Inventory, productivity, and queue analytics
• Fire, smoke, wildlife, and environmental detection
• Intelligent Document Processing (DocAI) for invoices, government IDs, and bank statements

Management Vision and Strategic Rationale

"The proposed acquisition in Pushpak AI aligns with our strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption. Full ownership enables us to drive deeper integration, accelerate go-to-market execution, and unlock long-term value from the rapidly expanding AI and computer vision ecosystem," said Latesh Poojary, Managing Director of Avance Technologies Limited.

The proposed acquisition would provide Avance Technologies with full strategic and operational control, enabling deeper integration of Pushpak AI's intellectual property, platforms, and enterprise relationships. Computer vision and edge-based AI analytics are emerging as core enablers of operational efficiency, safety compliance, and real-time decision-making across industries.

Avance Technologies Limited has announced its financial results for the second quarter and half-year ended September 30, revealing a mixed performance with a notable decline in standalone profits despite revenue growth.

Key Financial Highlights

Quarterly Performance Analysis

Avance Technologies reported a standalone loss of ₹88.07 lakhs for the quarter ended September 30, compared to a profit of ₹194.19 lakhs in the corresponding quarter of the previous year. This represents a significant year-on-year decline of 54.65% in profitability.

Despite the drop in profits, the company's revenue from operations increased to ₹2,516.38 lakhs, up 23.83% from ₹2,032.12 lakhs in the same quarter of the previous fiscal year. The total income for the quarter stood at ₹2,610.55 lakhs, showing a 28.46% growth compared to the same period last year.

Half-Yearly Performance

For the half-year ended September 30, Avance Technologies' revenue from operations more than doubled to ₹5,037.19 lakhs from ₹2,455.13 lakhs in the corresponding period of the previous year, marking a substantial growth of 105.17%. However, the net profit for the first half decreased to ₹142.20 lakhs, down 39.29% from ₹234.21 lakhs in the corresponding period of the previous year.

Expense Management

The company's total expenses for the quarter increased by 37.25% to ₹2,522.48 lakhs, compared to ₹1,837.93 lakhs in the same quarter of the previous year. For the half-year, expenses rose by 128.88% to ₹5,083.33 lakhs from ₹2,220.93 lakhs in the previous year.

Management Commentary

The Board of Directors approved these un-audited standalone financial results at their meeting. The company has not provided any specific commentary on the factors contributing to the decline in profitability despite revenue growth.

Conclusion

While Avance Technologies Limited has shown strong revenue growth both in the quarter and half-year periods, the significant increase in expenses has led to a decline in profitability. Investors and analysts may want to keep a close eye on the company's expense management strategies and their impact on future financial performance.

Note: All figures are based on standalone financial results as reported by the company.