MANAGEMENT DISCUSSION AND ANALYSIS REPORT

AN OVERVIEW

The Company mainly is in the business of E-governance and E-Governance products. The Company has been empanelled as Enrolment Agency under UIDAI for enrolment of residents all across the country. The Company has also been registered as Authentic User Agency (AUA) wherein Aadhaar number along with other attributes (demographic / biometrics / OTP) is submitted to UIDAI for verification. The Company is one of the entities shortlisted by UIDAI for Aadhaar Seeding by which Aadhaar Numbers are included in the service delivery database of service providers for enabling de-duplication of database. The Company is also providing services to policyholders as National Insurance Repository (NIR). The Company is providing services of National Skills Registry a unique initiative by NASSCOM. The Company is offering services for establishing and managing the Paper to Follow (P2F) process as a Business Associate of NSDL Database Management Ltd. (NSDL). Record Xpert is another area where the company is active.

The Company acquired the business of e-governance w.e.f 27th September, 2015 from Alankit Assignments Limited and started providing services such as Acceptance of Fresh PAN applications, acceptance of change in PAN paticulars, acceptance of e-TDS/ e-TCS returns in electronic mode from corporate and Non-Corporate Assesses, Digitization of paper returns filed with Income Tax Dept. Alankit has been apponted as CRA-FC (Central Record Keeping Agency) appointed by NSDL for processing the applications for allotment of permanent retirement account number (PRAN) and extending various services to both Govt. Employees and Un-organized sector. Alankit Limited has also been appointed as Business Correspondent by State Bank of India, to provide services as Business Correspondent to them. The company is also in the business of Manpower Outsourcing, Data Digitization & Scanning. The Company also started the business of Distribution of LED Bulbs among various states of India and sale of e-Governance products.

INDUSTRIAL OVERVIEW

E-governance industry is growing fast.

OUTLOOK

Your Company's activities are guided by the principles of adequate safety, security and prudence and the Company would continue to achieve good results within this ambit. The Company regularly focuses on increasing productivity, cut expenses and profitable lines of business. The Company has to use its resources optimally and work persistently.

Alankit Limited is making efforts to grow and expand its operations by undertaking new projects as well as to overcome all its weaknesses and threats.

RISK MANAGEMENT

We are having three key elements for risk management, these are:

0 Risk Identification

It includes identify and categorize risks that could affect the project and steps includes documentation of risks.

0 Risk Mitigation

It covers efforts taken to reduce either the probability or consequences of a threat. It is also called Risk reduction.

0 Risk Monitoring and Control

It is the process for tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness.

INTERNAL CONTROL SYSTEM

The Company has developed a system which helps the Company to achieve its objectives efficiently and effectively. Our Internal control systems are adequate and provide reasonable assurance against misuse or loss of company's assets and provide optimum utilization of available resources of the Company.

HUMAN RESOURCES

The Company believes that in Service Sector the employees are the backbone of the Company. The Company is providing an equal opportunity to all the employees to utilize their full potential and grow with the organization. Over the years we have developed strong Human Resource practices aimed at ensuring that our employees are provided with an enabling environment for growth and higher levels of contribution.

FUTURE PROSPECTIVE

The Company is planning to enhance its e-governance business in India and Abroad by adding various lines of business.

CAUTIONARY STATEMENT

Statements in Management Discussion and Analysis are reporting the company's objectives, projections, estimates and expectation may be 'forward looking' within the meaning of applicable laws and regulations. Actual results might differ materially from those exbrssed or implied.