The roll-up lens — proving the thesis deal by deal, and surfacing the integration drag that holds margin back.
The roll-up thesis is working — +$22.080000000000005M of EBITDA captured and 74% of synergy banked — but 4 in-flight businesses ($151.65M revenue) still hold margin back. Finish their cutover to close the gap to 100% synergy, the highest-return work in the company.
4 of 4 headline metrics improving vs prior · still off target: Operational Synergy Realized 0.0% vs 0.0%, Days Sales Outstanding 18d vs 15d, Recurring Mix 9.1% vs 10.0%
Avg synergy is only 74% of plan banked; the unrealized balance is EBITDA already underwritten but not yet captured.
Risk Analytics Suite is the weakest cohort on synergy capture; a 90-day savings plan on the gap is unrealized EBITDA.
Move to credit hold pending paydown; reforecast ARR net of likely churn.
Distress filings + overdue AR; churn risk High on $6.4M account.
Gates the cohort cutover (and the exit).
Pavion is built by acquisition. This view shows, for each business bought, what we paid for vs what it earns now — and flags the ones still mid-integration where ~+$21M of profit, faster cash and lower churn are still on the table.
Finishing the 4 in-flight businesses (Lease Rental Discounting, PMAY 2.0 Support, Digital Loan Origination, Risk Analytics Suite) closes the gap to 100% — the single highest-return work in the company.
Each card: what changed since purchase, how far integration has gone, and the next move.
Each cohort ranked within the set on five KPIs (direction per metric), then a composite Overall Rank from summed rank points — the dashboard's RANKX leaderboard. Top & bottom highlighted.
| Overall | Unit | Revenue↑ better | EBITDA %↑ better | ARR↑ better | Synergy %↑ better | DSO gain↑ better | Rank pts |
|---|---|---|---|---|---|---|---|
| 1 | Aditya Birla Home Loans | $88M#1 | 15%#1 | $48M#1 | 88%#3 | 12d#2 | 8 |
| 2 | LAP by ABHFL | $31M#5 | 13%#2 | $11M#5 | 92%#1 | 13d#1 | 14 |
| 3 | Lease Rental Discounting | $53M#2 | 12%#3 | $17M#2 | 74%#5 | 9d#5 | 17 |
| 4 | ABHFL Construction Finance | $20M#7 | 12%#3 | $7M#7 | 90%#2 | 12d#2 | 21 |
| 4 | Digital Loan Origination | $34M#4 | 11%#5 | $12M#4 | 78%#4 | 11d#4 | 21 |
| 6 | PMAY 2.0 Support | $38M#3 | 10%#6 | $13M#3 | 55%#6 | 6d#6 | 24 |
| 7 | Risk Analytics Suite | $27M#6 | 8%#7 | $8M#6 | 40%#7 | 3d#7 | 33 |
Higher EBITDA %, revenue, ARR and synergy rank better; DSO gain = days of receivables improvement since acquisition (more = better). Composite rank points are the sum of the five per-KPI ranks (lower = better).
As-acquired → current across EBITDA, DSO, integration and synergy.
| Brand | Yr | Revenue | ARR | EBITDA % | DSO | Integrated | Synergy | Status |
|---|---|---|---|---|---|---|---|---|
| LAP by ABHFL | 2021 | $31.25M | $11.03M | 8.27→12.87 | 71→58d | 100% | 92% | Integrated |
| ABHFL Construction Finance | 2021 | $20.22M | $7.35M | 7.35→11.95 | 66→54d | 100% | 90% | Integrated |
| Aditya Birla Home Loans | 2022 | $88.23M | $47.79M | 10.11→14.71 | 68→56d | 95% | 88% | Integrated |
| Lease Rental Discounting | 2023 | $53.31M | $17.46M | 9.19→11.95 | 70→61d | 82% | 74% | In progress |
| PMAY 2.0 Support | 2024 | $37.68M | $12.87M | 8.27→10.11 | 73→67d | 60% | 55% | In progress |
| Digital Loan Origination | 2024 | $34.01M | $11.95M | 8.27→11.03 | 71→60d | 80% | 78% | In progress |
| Risk Analytics Suite | 2024 | $26.65M | $8.27M | 7.35→8.27 | 69→66d | 45% | 40% | Early |