Mumbai, India – 16th December 2025

In a recent interaction with NDTV Profit, Dr. Abhay Kimmatkar, Managing Director of CS TECH Ai, shared insights into the company’s strong execution focus, improving financial discipline, and growth momentum across infrastructure, geospatial, and digital engineering domains.

Strong Order Book Visibility and Execution Focus

Dr. Kimmatkar emphasized that CS TECH Ai continues to operate with a strong and visible order book, with management focus firmly on converting secured mandates into revenue and cash flows, particularly in the second half of the financial year.

The company’s growth continues to be driven by water infrastructure, urban development, administrative systems, and technology-led programs, supported by select overseas engagements.

Robust Pipeline Beyond Jal Jeevan Mission

Addressing questions around order inflows, Dr. Kimmatkar clarified that while Jal Jeevan Mission (JJM) projects form part of the company’s pipeline, CS TECH Ai is not dependent on any single program.

“Our pipeline is diversified across multiple infrastructure and governance-led projects that are at advanced stages of evaluation and award,” he noted, adding that several large bids are progressing through due process and are expected to materialize over subsequent quarters.

This diversification ensures stability in growth while reducing dependency on individual government initiatives.

Margin Expansion Through High-Value Digital and GIS Projects

Dr. Kimmatkar highlighted a clear improvement in operating margins, driven by a strategic shift away from legacy low-margin contracts toward higher-margin GIS, digital engineering, and technology-led programs.

Over the last few quarters, CS TECH Ai has:

• Won complex, value-accretive mandates
• Improved execution efficiency

As a result, the company has achieved healthy EBITDA margins, with further improvement expected as execution of high-margin projects scales.

Improving Working Capital Discipline

On financial discipline, Dr. Kimmatkar underlined significant improvements in working capital management over the past three years. The company has actively optimized collections by:

• Strengthening milestone-based billing
• Prioritizing customers with predictable payment cycles
• Tightening internal financial planning

While current receivable cycles remain elevated due to the nature of government contracts, management reiterated its commitment to progressively reducing working capital days, supported by recent operational improvements.

Sustained Double-Digit Growth Outlook

Reaffirming confidence in the company’s growth trajectory, Dr. Kimmatkar stated that double-digit revenue growth targets remain intact, supported by:

• A strong order pipeline
• Improving margins
• Better execution visibility
• Disciplined financial management

The leadership reiterated that both revenue growth and profitability improvement plans are firmly in place.

Global Expansion and Acquisition Strategy

CS TECH Ai is also actively evaluating strategic acquisitions in the US and UK, particularly in geospatial, engineering, and mobility domains. Dr. Kimmatkar noted that due diligence is underway, with a focus on acquiring:

• Strong customer relationships
• Complementary capabilities
• Global market access

These acquisitions are intended to accelerate international expansion while strengthening the company’s technology-led offerings.

Dr. Kimmatkar concluded by reiterating management’s confidence in execution, margin expansion, and sustainable growth, positioning CS TECH Ai strongly for the coming financial years.