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Item 1. Business

2025-09-29 compared with 2024-09-30 · 220 added, 374 removed, 133 unchanged (82% of the section changed)

is a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, serving automotive and equipment

OEMs and financial institutions across over 30 countries.

Since its inception in 1996, NETSOL has been at the cutting edge of technology,

Technologies’ solutions and services enable original equipment manufacturers (OEMs), dealerships and financial institutions to

sell, finance and lease assets.

The company serves customers across over 30 countries.

NETSOL has been at the cutting edge of technology,

pioneering innovations with its asset finance solutions and leveraging advanced AI and cloud services to meet the complex needs of the

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primary sources of revenues have been licensing, subscriptions, modification, enhancement and support of its suite of financial applications

to leading businesses in the global finance and leasing space.

clients include blue chip organizations, Dow-Jones 30 Industrials, Fortune 500 companies, financial institutions, global vehicle manufacturers

to leading businesses in the global finance and leasing space as well as automotive digital retail.

Company’s clients include blue-chip organizations, Dow Jones 30 Industrials, Fortune 500 companies, global vehicle manufacturers

through their captive finance companies (“auto captives”), unrelated automotive finance companies (“non-captives”),

equipment finance and leasing companies and banks - All of which are serviced by NETSOL’s strategically placed support and delivery

locations around the globe.

equipment finance and leasing companies, automotive and equipment OEMs, commercial lenders, dealers, brokers, banks and other financial

institutions – all of which are serviced by NETSOL’s strategically located support and delivery centers across the globe.

in 1996, NETSOL is headquartered in Encino, California.

NETSOL follows a global strategy for sales and delivery of its portfolio of solutions

and services through its offices in the following locations:

The company follows a global strategy for sales and delivery of its portfolio

of solutions and services through its offices in the following locations:

North America

Encino, California and Austin,

Encino, California and Austin, Texas

London and Horsham

Sydney, Bangkok, Beijing,

Tianjin, Jakarta, Lahore, Islamabad and Karachi

Sydney, Bangkok, Beijing, Tianjin, Jakarta, Lahore and Karachi

Business Model

specializes in providing scalable and customizable technology solutions primarily to the global asset finance and leasing industry.

value proposition lies in delivering innovative technologies that enhance operational efficiency and productivity.

The Company also provides

a range of services that are not limited to the financial services industry.

We reach our customers through a combination of direct sales

efforts, strategic partnerships with associations as well as via a robust online presence.

specializes in providing AI-powered, scalable and customizable technology solutions primarily to the global asset finance and

leasing industry.

The Company also empowers OEMS, dealer groups and dealerships with a digital retail platform that transforms how

they sell, finance and deliver cars.

Our value proposition lies in delivering innovative technologies that enhance operational

efficiency and productivity.

Further, NETSOL also provides a range of services that are not limited to the financial services

We reach our customers through a combination of direct sales efforts, strategic partnerships with associations, a robust

online presence, participation in industry events and a variety of targeted marketing channels.

Company generates its core revenue from the following primary sources:

(1) software licenses, (2) services, which include implementation

and consulting services, and (3) subscription and support, which includes post contract support, of its enterprise software solutions

for the finance and leasing industry.

and consulting services, and (3) subscription and support, which includes post contract support, of its enterprise technology solutions

for the industry.

The Company offers its solutions using the same underlying technology via two models:

a traditional

on-premises licensing model and a subscription model.

a traditional on-premises licensing

model and a subscription model.

on-premises model involves the sale or license of software on a perpetual basis to customers who take possession of the software and

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on a hosted basis as a service and customers generally do not have the contractual right to take possession of the software or solution(s).

expertise in enterprise technology and financial application development has helped us emerge as a global player in the finance and leasing

industry and enabled us to secure a broad footprint across the major markets of North America, Asia Pacific and Europe.

The Asia Pacific

region has particularly benefitted from the organic growth in the fast-developing leasing automation industry, which is still nascent

as per Western standards.

our rich history of innovation, NETSOL is a dynamic leader and has been able to accumulate a wealth of experience in the global asset

finance and leasing industry.

expertise in enterprise technology and financial application development has positioned us as a global player in AI-powered asset finance

and digital retail solutions, enabling us to establish a strong footprint across key markets in North America, Europe and Asia-Pacific.

is a dynamic leader and has been able to accumulate a wealth of experience in the global asset finance and leasing industry alongside

the automotive digital retail space.

We have built a large knowledge base which is regularly refined and updated to ensure the most up-to-date,

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We have a strong presence in the captive asset-finance

We have had continual operations for over two decades in Asia Pacific and Europe and over four decades in North America.

We have had continual operations for over two and a half decades in Asia Pacific and Europe and over four decades in North America.

with Global and Regional Customers

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us to offer blended rates to our customers by employing a unique and cost-effective global development model.

our business model is built around the development, implementation and maintenance of our suite of financial applications, we employ

the same facilities and competencies to extend our services to related segments, including but not limited to:

IT Consulting and Services

Solutions Development and Implementation

Business Intelligence

Cloud Solutions

Outsourcing Services and Software Process Improvement

Maintenance and Support of Existing Systems

Project Management

Information Security

Data Engineering

global operations are broken down into three primary regions:

North America, Europe and Asia Pacific.

All of the subsidiaries are seamlessly

integrated to function effectively with global delivery capabilities, cross selling to multinational asset finance companies, leveraging

the centralized marketing and pre-sales organization, and a network of employees connected across the globe to support local and global

customers and partners.

global operations are broken down into the following primary regions:

North America, Europe, Asia Pacific and the Middle East.

the subsidiaries are seamlessly integrated to function effectively with global delivery capabilities, cross selling to multinational

asset finance companies, automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers, banks and other financial

institutions, leveraging the centralized marketing and pre-sales organization, and a network of employees connected across the globe

to support local and global customers and partners.

PRODUCTS AND SERVICES

the complete finance and leasing lifecycle starting from quotation origination through contract settlements, our products are designed

and developed for highly flexible settings and are capable of dealing with multinational, multi-company, multi-asset, multi-lingual,

multi-distributor and multi-manufacturer environments.

Our solutions empower financial institutions to effectively manage their complex

lending portfolios, enabling them to thrive in hyper-competitive global markets.

on cutting-edge, modern technology, our products enable auto, equipment and big-ticket finance companies, alongside banks and other financial

institutions, to run their retail and wholesale finance business with ease.

our solutions for end-to-end asset finance and leasing, we also offer a digital retail and mobility platform as well as out-of-the-box,

API-first products designed specifically for the global financial services industry.

Omni Point of Sale (Omni POS)

highly agile, easy-to-use, web-based application - also accessible through mobile devices - Ascent’s Omni POS system delivers an

intuitive user experience, with features that enable rapid data capture.

Information captured at the point of sale can be made available

to anyone in an organization at any point in the lifecycle of each transaction.

Point of Sale (Self POS)

Self POS portal allows customers to go through the complete buying and financing process online and on their mobile devices including

car configuration, generating quotations, and filling out applications.

It is the ultimate origination application that enables users

to compare, select and configure an asset using a mobile device anywhere, at any time and submit an accompanying financial product application.

Point of Sale (mPOS)

mPOS application is a web and mobile-enabled platform featuring a customizable dashboard along with menu selling, application submission,

loan calculator, work queues and detailed reporting.

mPOS empowers the dealer to make the origination process quick and seamless, increasing

overall productivity and system-wide efficiency.

Contract Management System (CMS)

Contract Management System (CMS) is a powerful, highly agile, functionally rich application for managing and maintaining detailed credit

contracts throughout their lifecycle – from pre-activation and activation through customer management, asset financial management,

billing and collections, finance and accounting, restructuring and maturity.

Account (mAccount)

is a powerful, self-service mobile solution.

It empowers the dealer with a powerful backend system and allows the customer to setup a

secure account and view information 24/7 to keep track of contract status, resolve queries and make payments, reducing inbound calls

for customer queries and improving turnaround time for repayments.

Collector (mCollector)

empowers collections teams to do more, with an easy-to-use interface and intelligent architecture.

The tool exponentially increases the

productivity of field teams by enabling them to carry out all collection related tasks on the go.

Field Investigator (mFI)

using Mobile Field Investigator, the applicant has access to powerful features that permit detailed applicant field verifications on

The application features a reporting dashboard that displays progress stats, action items and the latest notifications, enabling

the client to achieve daily goals while tracking performance.

Wholesale Finance System (WFS)

Ascent Wholesale Finance System (WFS) provides a powerful, seamless and efficient system for automating and managing the entire lifecycle

of wholesale finance.

With floor planning, dealer and inventory financing, it is ideal for a culture of collaboration.

Dealers, distributors,

partners and anyone in the supply chain are empowered to realize the benefits of financing – and leverage the advantages of real-time

business intelligence.

The system also supports asset and non-asset-based financing.

Dealer (mDealer)

provides more visibility and control over inventories – with minimal effort.

Dealers can view their use of floor plan facility,

stock status and financial conditions, while entering settlement requests or relocating assets.

Auditor (mAuditor)

schedules visits, records audit exceptions and tracks assets for higher levels of transparency.

It also enables the auditor to conduct

audits and submit results in real-time through quick audit processing tools, providing visibility and saving significant time.

RETAIL AND MOBILITY

Otoz TM Platform

Otoz TM provides

white-label and turn-key SaaS solutions to OEMs, finance companies, dealers, and start-ups.

The platform enables digital

retail, as well as short and long-term on-demand mobility models (subscriptions, rental and car-sharing).

Otoz TM Ecosystem

built on state-of-the-art technology, offering open Application Programming Interfaces (APIs) and ecosystem partner integrations

that are crucial to digital retail and mobility operations including finance and insurance providers, trade-in tools, KYC

and fraud detection tools, CRM systems, website providers (Tier 1 – Tier 3), marketing toolkits, inventory feeds, pricing engines,

tax engine, payment processors, an insurance marketplace and delivery logistics providers.

addition, Otoz TM is equipped with intelligent lead generation and product analytics capabilities, empowering dealerships with

the tools to track customer journeys, personalize customer engagements, and convert qualified leads.

Otoz TM Digital

platform helps OEMs and dealers move into the digital era, addressing a range of customer segments with evolving

needs by offering them a seamless, omni-channel, end-to-end buying and usage experience.

Digital retail is not

a one-size-fits-all.

Otoz TM offers a flexible, configurable, and scalable platform along with a proven launch

strategy framework for companies that intend to launch and grow digital retail businesses quickly and seamlessly.

The platform’s

seamless handling of complex tax rules and contract management processes are compliant with local and state standards for jurisdictions

it operates in across the U.S.

Otoz TM Mobility

Orchestration

expands into a comprehensive in-life subscription and rental platform that empowers in-life and end-of-life management of such

It enables both direct-to-consumer transactions with the option to add peer-to-peer marketplace functionalities for the future

of electric vehicle pay-per-use and mobility orchestration.

Otoz TM platform is built on Appex Now™’s API-first, headless, architecture allowing for modularity, flexibility,

and scalability.

Features are offered in modules or bundles depending on the use case.

FINANCE SOLUTIONS

Appex Now™ marketplace of API-first products was built for the global credit, finance and leasing industry.

These out-of-the-box

solutions allow financial institutions to connect, configure and innovate without disrupting the existing architecture of their originations

and servicing solution.

is an API-first, ready-to-use calculation and quotation engine.

It is a one-stop solution that guarantees precise calculations at all

stages of the contract lifecycle through various calculation types.

All the calculations are parameter-driven, which helps perform simple,

multi-dimensional or complex calculations based on the needs of a business.

Flex™ has a lightning-fast onboarding process, which

can take place in mere minutes.

on cutting-edge, modern technology, NETSOL’s unified Transcend™ Platform is an AI-powered asset finance and digital retail

solution for automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers and financial institutions.

solutions are designed and developed for highly flexible settings and are capable of dealing with multinational, multi-company, multi-asset,

multi-lingual, multi-distributor and multi-manufacturer environments.

They empower our customers to effectively manage their complex

operations, enabling them to thrive in hyper-competitive global markets.

AND SERVICES:

TRANSCEND™ PLATFORM

Transcend™ Platform, powered by NETSOL, is an AI-driven unified ecosystem that revolutionizes how assets are sold, financed and

Designed to automate and optimize every step - from sales, to originations, to servicing, Transcend™ leverages AI and ML

to drive predictive insights and smarter decision-making.

revolutionize auto and equipment retail with a fully digital, integrated platform that simplifies the entire customer journey.

purchasing to finance approval, Transcend™ Retail offers advanced retail and mobility solutions that keep dealerships and OEMs

at the cutting edge of consumer expectations.

streamline finance and leasing operations with a comprehensive solution for originations, servicing and wholesale finance.

Finance empowers automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers and financial institutions with end-to-end

visibility and control, ensuring seamless workflows and accelerated business outcomes.

streamline the entire origination process, from submission to approval, with advanced features such as real-time, AI-powered credit decisioning,

automated deal flows and more.

enable financial institutions to attain real-time insights into portfolio performance, delinquencies and losses, enabling proactive portfolio

management and strategic decision-making.

wholesale finance solution empowers customers to gain a competitive edge by automating their wholesale finance and floor planning operations

effortlessly.

Marketplace offers a suite of flexible, component-based solutions that integrate seamlessly with the customer’s existing infrastructure.

Transcend™ Marketplace contains modular, API-first solutions that address every aspect of finance and leasing using tools for calculations,

document generation, loan origination and lending configurations.

is an application program interface (API)-first, ready-to-use calculation and quotation engine.

It is a one-stop solution that guarantees

precise calculations at all stages of the contract lifecycle through various calculation types.

All the calculations are parameter-driven,

which helps perform simple, multi-dimensional or complex calculations based on the needs of a business.

Flex™ has a lightning-fast

onboarding process, which can take place in mere minutes.

is an API library that enables companies to standardize all their API integration procedures across multiple API services through a single

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one centralized location for all business types.

Index can enhance delivery efficiency and program management for easy integration into

Index TM can enhance delivery efficiency and program management for easy integration

into all systems.

is an advanced document generation tool that lets a company create accurate and professional-looking documents in just seconds.

Dock’s template-based configuration, a company can set up placeholders for data, essentially simplifying the document creation

process and reducing the chance of human error.

Its API-first architecture ensures scalability, making it capable of handling any document

generation task, from single documents to millions, with ease.

offers a feature-rich, end-to-end order management system for asset leasing & loans and credit companies.

Our platform covers all

aspects, from conducting end-to-end sales to performing dealer and partner-related tasks and marketing-related activities.

Dock TM ’s template-based configuration, a company can set up placeholders for data, essentially simplifying the document

creation process and reducing the chance of human error.

Its API-first architecture ensures scalability, making it capable of handling

any document generation task, from single documents to millions, with ease.

offers a feature-rich, end-to-end order management system for asset leasing and loans as well as credit companies.

Our platform covers

all aspects, from conducting end-to-end sales to performing dealer and partner-related tasks and marketing-related activities.

offers a variety of dashboards that provide vital information for dealers and partners while enabling quick order management and providing

a way for users to record and submit a complete credit application for their clients.

a single, unified API for real-time VAT, GST, sales and use tax rates, and other taxes globally, our tax engine provides accurate tax

calculations.

T-Rate™’s tax engine maintains up-to-date tax rules and rates for each region while supporting the data and

reporting required for tax compliance.

It drastically reduces the risk of audit penalties and tax operation inefficiencies.

weave a robust strategy where small and medium sized businesses and enterprises can fortify their defenses through comprehensive monitoring,

analysis, and reporting.

Solutions and Talent Partnership

digital technology partners, we foster innovation and agility, equipping businesses across industries with unparalleled talent, unlocking

their organization’s potential and propelling their projects forward at an unmatched speed.

ML and Data Analytics

leverages the power of artificial intelligence (AI), machine learning (MI) and data analytics, transforming data into actionable insights,

assisting organizations in making smarter decisions, predicting future trends, automating tedious tasks and customizing the user experience.

NETSOL, we specialize in harnessing the transformative power of Generative AI to drive innovative solutions and powerful outcomes for

Whether it’s creating personalized customer experiences or optimizing complex processes, we deliver solutions that

align with an organization’s goals.

infusing AI into policies and strategies, we enable businesses to gain deeper insights, automate tedious tasks and make data-driven decisions,

propelling their infrastructure forward.

With our robust policy and strategy consulting services, we enable businesses to achieve long-term

develops modern applications that leverage emerging technologies like AI, blockchain, IoT, digital twin, and Web 3.0.

proudly partner with both AWS (Amazon Web Services) and Microsoft Azure to deliver cutting-edge cloud solutions tailored to the needs

of our customers.

We leverage our expertise and the power of Azure and AWS to provide a range of cloud solutions and services.

offers services for data engineering, extracting data from various platforms while leveraging intelligent cataloging through trust testing

and deployment and accelerating data efforts with the AL and ML partnership.

is a purpose-built platform designed for brokers, lenders, dealers and borrowers to work seamlessly together.

With tailored solutions

that simplify applications and automate key processes, Link TM is designed to enhance customer relationships whilst making

compliance effortless.

This results in faster approvals, enriched customer experiences and stronger loyalty via elevated customer satisfaction.

and effectiveness are paramount for any broker.

Managing disparate systems and processes can be cumbersome and time-consuming, often

leading to inefficiencies and missed opportunities.

NETSOL offers a solution to these challenges by consolidating disparate processes

into a single unified interface, revolutionizing the way a brokerage operates.

lender-specific portals are designed to transform the lending process by enhancing risk management and driving profitability.

tools not only streamline loan origination but also facilitate seamless communication and collaboration with the lending ecosystem.

empower a company’s lending process with intuitive and efficient lender portals designed for a seamless user experience.

the competitive automotive industry, dealers need efficient and comprehensive solutions to manage their operations effectively.

intermediary portals serve as digital command centers, providing dealers with a wide array of tools, resources and services to optimize

every aspect of their business, from inventory management to sales and marketing.

businesses with Transcend™ Consulting Services, we offer expert guidance across critical areas like information security, data

engineering and cloud services.

Our team partners with businesses to create tailored solutions that drive innovation, efficiency and

are leading AI-driven innovation with our Transcend™ AI Labs, integrating advanced AI services into our product suite to solve

the unique challenges of BFSI, equipment and auto OEMs and dealerships.

Our tailored solutions drive industry-specific advancements,

helping companies stay ahead in a competitive market.

IMPLEMENTATION

implementation process of our finance and leasing software can span up to fifteen months depending upon the methodology, complexity and

The implementation process may also include related software services such as configuration, data migration, training, gaps development

and any other additional third-party interfaces.

Even after implementation, customers constantly seek enhancements and additions to improve

their business processes and have changing requirements addressed at mutually agreed rates.

implementation, our consultants may remain at the client site to assist the customer for smooth operations.

implementation process of our technology can span up to fifteen months depending upon the methodology, complexity and scope.

The implementation

process may also include related software services such as configuration, data migration, training, gaps development and any other additional

third-party interfaces.

Even after implementation, customers regularly seek enhancements and additions to improve their business processes

and have changing requirements addressed at mutually agreed rates.

implementation, our consultants may remain at the client site to assist the customer with smooth operations.

After this phase, the regular

maintenance and support services phase for the implemented software begins in exchange for agreed subscriptions or support fees.

to the daily rate paid by the customer for each consultant engaged, the customer also pays for all visa and transportation-related expenses,

boarding of the consultants and a living allowance.

Our involvement in all the above steps is suitably priced to bring value to our customers

and increase our profitability.

maintenance and support services phase for the implemented technology begins in exchange for agreed subscriptions or support fees.

addition to the daily rate paid by the customer for each consultant engaged, the customer also pays for all visa and transportation-related

expenses, boarding of the consultants and a living allowance.

Our involvement in all the above steps is suitably priced to bring value

to our customers and increase our profitability.

Cloud-enabled

solutions are offered via seamless and rapid deployments.

The swift speed of implementations for our cloud-ready products enables businesses

The swift speed of implementation for our cloud-ready products enables businesses

to be more responsive and attain a competitive advantage.

For example, our API-first, SaaS products can be integrated into a customer’s

ecosystem within mere minutes.

For example, certain API-first, SaaS products of ours via Transcend TM

Marketplace can be integrated into a customer’s ecosystem within mere minutes.

AND REVENUE STREAMS

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time, and materials-based contracts and is recognized as the services are performed.

Additionally,

in order to avoid lumpiness in our revenues and to ensure a predictable revenue base over coming years, the business has shifted to a

pricing strategy whereby the business is now offering its cloud-ready products at SaaS/subscription-based pricing models.

Rapid deployments

coupled with affordable prices/payment schedules is expected to lead the business towards volume-based selling.

Moreover, this value-driven

pricing plan is intended to decrease the initial buy-in cost for new customers by eliminating heavy license fees, reducing the sales

cycles and providing an alternative to current customers seeking lower software usage and maintenance costs.

South East Asia Pte.

(“DSEA”), (through the regional office Daimler Financial Services (“DFS”) Africa Asia

Pacific), has established a “Centre of Competence” (“CoC”) in Singapore to facilitate the regional companies

in product related matters.

The DSEA CoC is powered by highly qualified technical and business personnel.

In conjunction with our Asia

Pacific region, the CoC supports DFS companies in twelve different countries in Asia and Africa and this list can increase as more DFS

companies from other countries opt for NFS Ascent ® .

In July 2004, the company entered into a Frame Agreement with DFS

for the Asia Pacific and Africa region.

This agreement was renewed in 2008, 2010, 2013 and most recently in January 2016.

The agreement

serves as a guideline for managing the business relationship with DFS and the use of licensed products of the company by DFS and its

affiliated companies.

utilizes Microsoft Azure™ to host our cloud versions of Ascent® and LeasePak Cloud - SaaS, benefiting from Azure’s high

performance and cost-effectiveness.

A quick start implementation program combined with hassle-free Microsoft Azure™ cloud

connectivity ensures new clients see a time-to-value faster than ever before.

are a Microsoft Certified Silver Partner and an Oracle Certified Partner.

NETSOL is an AWS Advanced Tier Services Partner, a Business

Accredited Partner, a Technical Accredited Partner, a Cloud Economics Accredited Partner, an AWS Lambda Delivery Partner, an AWS CloudFormation

Delivery Partner, an AWS Amazon API Gateway Delivery Partner, an AWS Well-Architected Partner, an AWS Solution Provider Partner and an

AWS Amazon EC2 for Windows Server Delivery Partner.

remain optimistic about the growing opportunities ahead for our products and services throughout fiscal year 2024 and beyond.

marketing activities aim to establish and maintain a strong preference and loyalty for NETSOL and its offerings for the financial services

industry and beyond.

Marketing activities are conducted both at the corporate and business unit levels.

The global marketing department

oversees all communication, advertising, public relations and manages all digital platforms, including the Company’s website, social

media channels and partnerships within the industry.

order to avoid lumpiness in our revenues and to ensure a predictable revenue base over coming years, the business has shifted to a pricing

strategy whereby the business offers its cloud-ready products at SaaS/subscription-based pricing models.

Rapid deployments coupled with

affordable prices/payment schedules is expected to lead the business towards volume-based selling.

Moreover, this value-driven pricing

plan is intended to decrease the initial buy-in cost for new customers by eliminating heavy license fees, reducing the sales cycles and

providing an alternative to current customers seeking lower software usage and maintenance costs.

global marketing activities aim to establish and maintain a strong preference and loyalty for NETSOL and its offerings.

Marketing activities

are conducted both at the global and regional levels.

The Global Marketing department oversees all communication, advertising, public

relations and manages all digital platforms, including the Company’s website, social media channels and partnerships within the

part of our lead-generation activities, our regional representatives represent NETSOL as the Company sponsors, exhibits at, and attends

annual industry-leading conferences, seminars, summits and other events.

The company maintains its presence at these events to demonstrate

our product and service offerings and for important networking purposes.

NETSOL also takes part in webinars, podcasts and holds private

briefings with associations and individual companies.

the end of the previous calendar year, NETSOL appointed Erik Wagner as its Chief Marketing Officer (CMO).

This strategic move underscores

NETSOL’s commitment to bolstering its global marketing initiatives and driving further growth in its specialized sectors.

brings a wealth of experience, with over 17 years in the marketing field at growth-oriented companies.

are eyeing key international markets for growth in sales for NETSOL’s products and services.

annual industry-leading conferences, conventions, seminars, summits and other events.

The company maintains its presence at these events

to demonstrate our product and service offerings and for important networking purposes.

NETSOL also takes part in webinars, podcasts

and holds private briefings with associations and individual companies.

are eyeing key international markets for growth in sales for NETSOL’s Transcend™ Platform.

Our sales strategy not only focuses

on expansion into new geographic markets, including the Americas, Europe, and further penetration of our leading position in Asia Pacific,

but also within existing markets into new verticals with targeting of Tier 2 and Tier 3 prospects as well.

on expansion into new geographic markets, but within existing markets into new verticals with targeting of Tier 2 and Tier 3 prospects

in North America and Europe is expected to come from the potential market for replacement of legacy systems as well as acquisition of

new customers.

Our finance and leasing platform NFS Ascent ® is aimed at providing a highly flexible and robust solution

Our finance and leasing platform Transcend™ Finance is aimed at providing a highly flexible and robust solution

based on the latest technology and advanced architecture for North American and European customers looking to replace their legacy systems.

We believe that NFS Ascent ® can provide substantial competitive disruption to the market’s lagging technology provided

by incumbent vendors.

The existing customer base may also represent latent demand for increased service and support revenues by offering

business process optimization, customization and upgrade services.

We believe that the product can provide substantial competitive disruption to the market’s lagging technology provided by incumbent

The existing customer base may also represent latent demand for increased service and support revenues by offering business

process optimization, customization and upgrade services.

With a market-ready product with successful implementations, the prospects

for NFS Ascent ® in the region are positive.

traction in Europe will come from NFS Ascent ® deployed on the cloud, which will continue to allow the European division

to support not only larger organizations, but also small and medium sized organizations.

Currently, in the United Kingdom, a number of

banks and other financial institutions have opted for our API-first, SaaS-based products that are offered via subscription-based pricing

and swift deployments.

We foresee growth opportunities for our Appex Now products in other regions as well.

for Transcend™ Finance in the regions are positive.

traction in North America and Europe will come from Transcend™ Finance deployed on the cloud, which will continue to allow catering

to not only larger organizations, but also small and medium sized companies.

Currently, in the United Kingdom, a number of banks and

other financial institutions are utilizing our Transcend™ Marketplace solutions offered via subscription-based pricing and swift

product strategy has grown significantly in recent years, which includes the recent launch of our broker and lender portals, which marks

a key step forward in delivering more value to our partners.

in our traditionally strong base in Asia Pacific is expected through diversification across market segments to include new customers

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revenues by offering enhanced features and new solutions to emerging customer needs.

In addition, there is a potential for NFS Ascent®

in Asia Pacific in the form of existing customers who are looking for replacement of their current system.

In China, we are a leader

in the auto finance enterprise solution domain.

We will continue strengthening our position within existing multinational auto manufacturers,

as well as local Chinese captive finance and leasing companies.

It is pertinent to mention that these Chinese automakers are growing

rapidly outside of the country, and that our solutions assist them in this growth.

Our sales strategy focuses on supporting Chinese manufacturers

in expanding their presence in the EU and other regions of APAC.

In addition, there is also potential for Transcend™

Finance in Asia Pacific in the form of existing customers who are looking for replacement of their current system.

In China, we are a

leader in the auto finance enterprise solution domain.

We will continue strengthening our position within existing multinational auto

manufacturers, as well as local Chinese captive finance and leasing companies.

It is pertinent to mention that these Chinese automakers

and finance companies are growing rapidly outside of the country and that our solutions assist them in this growth.

Our sales strategy

focuses on supporting Chinese manufacturers in expanding their presence in the EU and other regions of APAC.

believe our digital retail platform presents significant growth opportunities in the evolving digital marketplace.

While the company’s

digital retail platform, Otoz, is currently used by major customers in the United States, it will continue to grow in other markets as

our products, we also foresee demand for our professional and cloud services that empower our clients to excel in the competitive global

deliver our comprehensive suite of technology solutions and services across all major markets worldwide, positioning ourselves as a leading

Transcend™ Retail

is currently used by major customers in the United States, including some of the largest and most recognized dealership networks.

foresee further adoption of the platform in the region.

Our digital retail solution transforms how OEMs, dealer groups and dealerships

sell, finance and deliver cars, enabling them to provide personalized, fast and transparent car-buying experiences across all digital

and in-store touchpoints.

our products, we also anticipate demand for our services that empower our clients to excel in the competitive global economy.

Transcend™ Consultancy, we offer expertise across critical areas such as information security, data engineering and cloud services,

helping businesses design tailored solutions for innovation and growth.

deliver our comprehensive suite of technology solutions and services across major markets worldwide, positioning ourselves as a leading

provider in the financial services, and particularly, the global asset finance and leasing sector.

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and fostering long-term partnerships.

Asian continent, including Australia and New Zealand, from the perspective of marketing, are targeted by the Asia Pacific region from

our Bangkok, Beijing, Tianjin, Jakarta, Sydney and Lahore facilities.

The marketing for our core offerings in the Americas and Europe

is carried out from our Austin, Texas, Encino, California and our London Metropolitan Area and Horsham offices, respectively.

believe that our growth and success are attributable in large part to the high caliber of our global team and our commitment to maintain

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We are an equal opportunity employer with

a large workforce, promoting a culture of diversity and inclusion.

a large workforce of approximately 1460 employees, promoting a culture of diversity and inclusion.

stands as a beacon of innovation, excellence and dedication to customer success.

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We are renowned for innovation, expertise and a customer-centric approach.

believe we should give back to the community and employees as much as possible.

Certain subsidiaries are located in regions where basic

services are not readily available.

Where possible, we act to not only improve the quality of life of our employees, but also the standard

of living in these regions.

believe we should give back to the community and our employees as much as possible.

Certain subsidiaries are located in regions where

basic services are not readily available.

Where possible, we act to not only improve the quality of life of our employees, but also the

standard of living in these regions.

Examples of such programs are as follows:

Literacy Program:

Launched to educate children of our unskilled staff, the main objective of this program is to enable them to acquire

basic reading, writing and arithmetic skills.

Higher Education and Science and Research Institutions:

Launched to educate children of our support staff, the main objective of this program is to enable them to acquire basic

reading, writing and arithmetic skills.

education and science and research institutions:

In order to support higher education in Pakistan, we have contributed endowments

to NUST, Forman Christian College and a few other universities who are focused on science and engineering.

Noble Cause Fund:

A noble cause fund has been established to meet medical and education expenses of the children of our lower paid employees.

A noble cause fund has been established to meet medical and education expenses of the children of our support staff.

Our employees voluntarily contribute a fixed amount every month to the fund and NETSOL matches the employee subscriptions with an equivalent

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A portion of this fund is also utilized to support social needs of certain institutions and individuals outside

Day Care Facility:

Our human resources are our key assets and thus we take numerous steps to ensure the provision of basic comforts to

our employees.

In Pakistan, the provision of outside pre-school childcare is a rarity.

With this in mind, a children’s day care

facility has been created near NETSOL’s office in Lahore, Pakistan providing employees with peace of mind knowing their children

are nearby and being taken care of by qualified staff in a child-friendly facility.

The day care facility was temporarily closed due

to COVID-19, but is now in the process of reopening.

Preventative Health Care Program:

In addition to the comprehensive out-patient and in-patient medical benefits,

preventive health care has also been introduced.

This phased program focuses on vaccination of our employees against such diseases as

Hepatitis – A/B, Tetanus, Typhoid, Flu and COVID-19 on a routine basis.

health care program:

In addition to the comprehensive outpatient and in-patient medical benefits, preventive health care has also

been introduced.

This phased program focuses on vaccination of our employees against such diseases as Hepatitis – A/B, Tetanus,

Typhoid, Flu and COVID-19 on a routine basis.

is significant competition for employees with the skills required to perform the services we offer.

We run an elaborate training program

for different cadres of employees to cover technical skills and business domain knowledge, and communication, management and leadership

for different cadres of employees to cover technical skills and business domain knowledge alongside communication, management and leadership

We believe we have been successful in our efforts to attract and retain the highest level of talent available, partly because

of the emphasis on core values, training and professional growth.

of our emphasis on core values, training and professional growth.

We intend to continue to recruit, hire and promote employees who share

substantial number of companies offer products and services that overlap and are competitive with those offered by NETSOL.

Some of NETSOL’s

main competitors for its finance and leasing software include Alfa, Constellation Financial Software, FIS Global, Leasepath, LTI Technology

Solutions, Odessa, Solifi, Soft4 and Sopra Banking Software.

The company’s competitors for digital retail include Tekion and CDK

number of companies offer products and services that overlap and are competitive with those offered by us.

Some of NETSOL’s main

competitors for its finance and leasing technology include Alfa, Constellation Financial Software, FIS Global, LTI Technology Solutions,

Odessa, Solifi, Soft4 and Sopra Banking Software.

The Company’s competitors for digital retail include Tekion and CDK Global.

of our major competitors are based in North America and Europe, with a smaller presence in APAC and the Middle East.

solutions and services cater to a broad spectrum of finance and leasing businesses, from automotive captive finance companies to equipment

finance and leasing companies to large regional banks.

customers include world renowned auto manufacturers through their finance arms.

NETSOL is a strategic business partner for Daimler and

BMW (which consists of a group of many companies in different countries), which accounts for approximately 25.5% and 7.1%, respectively,

of our revenue for our fiscal year ended June 30, 2024.

Other globally renowned auto captives that are customers of the Company include

Toyota, Nissan, Ford, and FIAT.

customers include equipment finance and leasing companies and banks worldwide.

Some of these clients include AutoNation, Bank of Hawaii,

MINI Financial Services, BMO Harris, First Hawaiian Leasing, Genpact, SCI Leasecorp, Aldermore, Allica Bank, Investec, Close Brothers,

Haydock Finance, Charles and Dean, Maple Commercial Finance, among many others.

OPERATIONS AND GEOGRAPHIC DATA

divides its operations into three primary regions:

the Americas, Europe and Asia Pacific.

The regions consist of individual subsidiaries

which operate as autonomous companies and are strategically managed on a regional basis.

Peter Minshall, Executive Vice President at NetSol Technologies Americas, Inc.

(NTA) is responsible for NTA’s business operations.

He brings three decades of international experience in the financial services industry holding various senior leadership roles with Daimler

Financial Services.

North American region accounted for approximately 9.7% of our revenue in 2024.

by Darryll Lewis who has served as Managing Director of NetSol Technologies Europe Ltd., (NTE) since May 2023.

With over twenty years

in the receivables and asset finance software industry, Mr.

Lewis is a highly experienced and accomplished leader with a track record

of driving business growth and creating innovative solutions for clients.

European region accounted for approximately 19.5% of our revenue in 2024.

Pacific Region

Technologies Ltd.

(NETSOL PK), a majority owned subsidiary of the parent company, is located in Lahore, Pakistan and is headed by Mr.

Salim Ghauri as its CEO.

Ghauri is a Co-founder of NETSOL PK and has been with the Company since 1996.

NETSOL PK is seen as the ‘Center

of Excellence’ and a state-of-the-art facility for programming, R&D, global implementations and 24-hour support to our customers

Technologies (Beijing) Co.

(“NETSOL Beijing”) is headed by Amanda Li as President.

Li previously worked as a Managing

Director for Sopra Banking Software where she was instrumental in developing business and driving sales.

Ghauri serves as Head of Sales for all Asian Markets (excluding China).

He has played a vital role in NETSOL’s global success through

his hands-on leadership and unrelenting drive to meet the needs of NETSOL’s growing client base since 2004.

Global Sales Division is headed by Mr.

Asad Ghauri as President of Sales from the NETSOL PK office.

Ghauri has been with NETSOL since

2000 and has over 23 years of experience in business and IT.

APAC region accounted for approximately 70.8% of our revenue in 2024.

Information regarding financial data by geographic areas is set

forth in Item 7 and Item 8 of this Annual Report on form 10-K.

See note 20 of Notes to Consolidated Financial Statements under Item 8.

finance and leasing companies to large regional banks, as well as its customers for digital retail, including OEMs, dealer groups and

number of NETSOL’s customers include world renowned auto manufacturers through their finance arms.

NETSOL is a strategic business

partner for Daimler and BMW (which consists of a group of many companies in different countries), which accounts for approximately 19.1%

and 16.1%, respectively, of our revenue for our fiscal year ended June 30, 2025.

Other globally renowned auto captives that are customers

of the company include Toyota, Nissan, Ford and FIAT.

customers include equipment finance and leasing companies, banks and other financial institutions worldwide.

Some of these clients include

MINI Financial Services, BMO, Bank of Hawaii, First Hawaiian Leasing, Genpact, SCI Lease Corp, Aldermore, Investec,

Close Brothers, Haydock Finance, Charles and Dean, Maple Commercial Finance, among many others.

regarding financial data by geographic areas is set forth in Item 7 and Item 8 of this Annual Report on form 10-K.

See note 17 of Notes

to Consolidated Financial Statements under Item 8.

relies upon a combination of non-disclosure and other contractual arrangements, as well as common law trade secret, copyright and trademark

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The NETSOL “N”

logo and name, as well as the NFS logo and product name have been copyrighted and trademark registered in Pakistan.

The NETSOL “N”

logo has been registered with the U.S.

logo and name has been copyrighted and trademark registered in Pakistan.

The NETSOL “N” logo has been registered with the

Patent and Trademark Office.

NFS Ascent® has been registered with the U.S.

and Trademark Office.

We filed an application for the OTOZ name with the U.S.

Patent and Trademark Office.

The Company intends to trademark

and copyright its intellectual property as necessary and in the appropriate jurisdictions.

registered with the U.S.

Patent and Trademark Office.

The Company intends to trademark and copyright its intellectual property as necessary

and in the appropriate jurisdictions.

APPROVAL AND REGULATION

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we are subject to the laws of the countries in which we maintain subsidiaries and conduct operations.

While foreign based companies may

invest in Pakistan, repatriation of their investment, in the form of dividends or other methods, requires approval of the State Bank

website is located at www.netsoltech.com , and our investor relations website is located at https://ir.netsoltech.com .

following filings are available through our investor relations website after we file with the SEC:

Governments in which our subsidiaries

are located, including our largest subsidiary in Pakistan, may require approval for the repatriation of investments.

website is located at https://netsoltech.com/ and our investor relations website is located at https://ir.netsoltech.com .

The following filings are available through our investor relations website after we file with the SEC:

Annual Reports on Form 10-K, Quarterly

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We also provide a link to the section of the SEC’s website at www.sec.gov

that has all of our public filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form

8-K, all amendments to those reports, our Proxy Statements and other ownership related filings.

Further, a copy of this Annual Report

on Form 10-K is located at the SEC’s Public Reference Room at 100 F Street, NE, Washington D.C.

Information on the operation

of the Public Reference Room can be obtained by calling the SEC at 1-800-SEC-0330.

that has all of our public filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K,

all amendments to those reports, our Proxy Statements and other ownership related filings.

Further, a copy of this Annual Report on Form

10-K is located at the SEC’s Public Reference Room at 100 F Street, NE, Washington D.C.

Information on the operation of

the Public Reference Room can be obtained by calling the SEC at 1-800-SEC-0330.

webcast our earnings calls and certain events we participate in or host with members of the investment community on our investor relations

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Further corporate governance information,

including our committee charters and code of conduct, is also available on our investor relations website at https://ir.netsoltech.com/governance-docs .

including our committee charters and code of conduct, is also available on our investor relations website at https://netsoltech.com/about-us/csr.

The content of our websites is not intended to be incorporated by reference into this Annual Report on Form 10-K or in any other report

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business