The single financial pane of truth — P&L, quality of earnings, profitability, FP&A and acquisition-cohort economics.
Margin is expanding, but ≈ $-12M of EBITDA still sits between today's 36.7% margin and the 16% exit target — held in unintegrated cohorts and SG&A. Convert synergy and add-backs into reported EBITDA before the buyer's diligence.
8 of 8 headline metrics improving vs prior · still off target: Revenue $60M vs $65M, Revenue Growth 9.1% vs 12.0%, Gross Margin 78.1% vs 80.0%
Move to credit hold pending paydown; reforecast ARR net of likely churn.
Distress filings + overdue AR; churn risk High on $6.4M account.
Sets deal capacity and refinancing risk.
≈ $-12M of EBITDA stands between 36.7% margin and the 16% target — the swing that re-rates the equity.
Targeted collections sprint on $0.9M; tighten milestone billing on ISC projects.
ISC (67d), Fund Admin System (66d), Institutional Client: ICICI Bank account (67d) lifting blended DSO.
How $785M of revenue converts to $116M adjusted EBITDA.
| Revenue | $60M | 100.0% |
| Cost of goods sold | ($13M) | (21.9%) |
| Gross profit | $47M | 78.1% |
| SG&A | ($11M) | (18.3%) |
| Adjusted EBITDA | $22M | 36.7% |
Diligence-grade add-back walk.
Organic vs. acquisitive vs. price/mix vs. cost.
Forecast discipline, synergy realization and productivity.
EBITDA uplift and synergy realization by acquired brand.
| Brand | Year | Revenue | ARR | EBITDA % | Synergy | Status |
|---|---|---|---|---|---|---|
| Hybrid Fund B | 2021 | $2.6M | $0.92M | 0.69→1.07% | 92% | Integrated |
| Tax-Saving Fixed Deposit | 2021 | $1.68M | $0.61M | 0.61→0.99% | 90% | Integrated |
| ELSS Fund A | 2022 | $7.34M | $3.97M | 0.84→1.22% | 88% | Integrated |
| NRI Wealth Portfolio | 2023 | $4.43M | $1.45M | 0.76→0.99% | 74% | In progress |
| CRM / KYC Portal | 2024 | $3.13M | $1.07M | 0.69→0.84% | 55% | In progress |
| Portfolio Management | 2024 | $2.83M | $0.99M | 0.69→0.92% | 78% | In progress |
| Fund Admin System | 2024 | $2.22M | $0.69M | 0.61→0.69% | 40% | Early |
One click into the owning view — each reads the same live governed dataset.