Company Overview

Business Description

Sector
Information Technology
Industry
Technology
Headquarters
India IN
Employees
2 641
IPO date
Nov 28, 1994

Onward Technologies Ltd is an Indian engineering and software services company that helps industrial customers design, build, and maintain complex products and systems. It works in areas like product engineering, embedded software, mechanical design, application development, and testing, with a strong focus on manufacturing-linked industries such as automotive, industrial equipment, and healthcare technology.

The company sells services rather than finished products. Its customers pay for specialized engineering teams and project work that support product development, digital engineering, and software maintenance. In many cases, Onward becomes an outsourced extension of the customer’s own engineering department, taking on technical work that requires domain knowledge and a mix of hardware and software skills.

Its business model is different from a pure software firm because it sits closer to the physical product side of industry. Revenue comes from service contracts and project-based engineering work, often tied to long development cycles and recurring support needs. That makes Onward a niche provider in the product-engineering value chain, connecting manufacturing companies with technical talent that can help bring complex products to market and keep them updated.

Onward Technologies Ltd Investor Relations

Address
Sterling Centre Limited,, 2nd Floor ,, Dr, A.B. Road,
Mumbai, Maharashtra
India

Business Segments

Engineering services

This part of the company helps industrial and product companies design, develop, test, and maintain engineering software and embedded systems used in machines, equipment, and connected products.

Customers

Manufacturers and equipment companies that need outside engineering teams for product design, software development, testing, and support.

Revenue Model

It earns project fees and time-and-material charges for engineering work, plus ongoing support and maintenance contracts.

Digital services

This part builds and supports business software such as cloud applications, data tools, automation, and enterprise systems used by clients to run operations and manage information.

Customers

Companies that want help modernizing internal systems, moving applications to the cloud, or building custom software tools.

Revenue Model

It makes money through project-based implementation work, staff augmentation, and long-term application support agreements.

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Management

Mr. Harish Shantital Mehta

Founder & Executive Chairman

Biography unavailable

Mr. Jigar Harish Mehta

MD & Executive Director

Biography unavailable

Mr. Pawan Kumar Nathani

Chief Financial Officer

Biography unavailable

Mr. Vinav Agarwal

Company Secretary & Compliance Officer

Biography unavailable

Mr. Sandeep Bhattacharya

Senior Vice President of Learning & Organizational Development

Biography unavailable

Satish Ramanan

Senior VP & Head of IT Services

Biography unavailable

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