Board's Report
Maintenance of Cost Records The provisions of Section 148(1) of the Companies Act, 2013 relating to maintenance of cost records do not apply to your Company considering the nature of services provided by your company. Conservation of Energy and Environment Protection In its operations, Fractal conscientiously investigates every possible path for integrating sustainable resources. During the reviewed period, we have strived to conserve energy and safeguard the environment. Improvements achieved in the considered financial year. • Energy Efficiency - Fractal’s office designs prioritize energy-efficient systems and technologies, contributing to reduced energy consumption and a lower carbon footprint. Additionally, Fractal Mumbai is 100% powered by green energy from its electricity consumption, we have been on green energy since December 2021. This accounts for >50% of its Scope 2 emissions. This has reduced indirect emissions significantly from Fractal’s baseline year (FY2019- 20). • Fractal continues to invest in and work on transitioning other corporate workspaces to green energy. Fractal’s Bengaluru office at Embassy tech village receives a Green power attribute from its landlord Embassy group, in addition to this Fractal purchases green energy from BESCOM (regional power distribution company) in proportion to BESCOM’s ability to generate & distribute green energy. • These transitions are also supported by migrating the lease corporate surface travel fleet to electric vehicles (EVs). Currently about 38% of Fractals employee home drop transportation runs on EVs. • Fractal is committed to proactively promoting and adopting practices to conserve energy, water, and natural resources, by practicing reuse and recycle. By design, all waste is segregated at source within Fractals directly operated facilities. Depending on the type of waste, the material is either reused, recycled or repurposed. For example, our disposed water is either used for sanitation or gardening purposes as Fractal has Sewage Treatment Plant units in all these offices. Additionally, the e-waste that is generated by Fractal offices is disposed in an ethical and responsible manner by partners who are authorized by the local authorities in the relevant jurisdictions to dispose of waste. Fractal also receives an e-waste certificate upon responsible disposal of such waste. The wet food waste that is generated in Fractal offices are subsequently converted into manure, by Fractal’s base builder. • 100% sensor-based water taps across more than 75% Fractal facilities, have timers that prevent any opportunistic water wastage. • Air conditioning temperature across Fractal locations are set at 24 (+/- 1) degree centigrade. This enables an energy consumption reduction by approx.10%.
Backup and Restoration Your Company has deployed VEEAM Backup tool on all Onprem servers & production instances on Cloud platforms (GCP deployment is in progress) to achieve business continuity and restoration policy of your Company’s daily, weekly and monthly backups are taken to avoid any data loss in case of any server breakdown. Infrastructure Monitoring Tool Your Company has deployed all in one monitoring tool Site 24x7 to gain complete control of hybrid infrastructure of cloud and on-prem offering key features such as real time monitoring, customized dashboards, centralized logging, and application performance management in order to make sure they are immediately reported to their respective teams via automation and attain minimize response time in order to minimize any potential outage or downtime. Web application firewall Your Company has deployed Advanced Web Application Firewall (WAF) solution to protect web applications from various security threats and attacks, Prophaze WAF is deployed in front of web applications and acts as a gatekeeper, inspecting incoming traffic for malicious activity and filtering out any potentially harmful requests before they can reach the application layer. Privileged Access Manager Your Company has deployed Privileged Access Manager (PAM) solution PAM 360 for server and CyberArk EPM for end points. PAM is a solution to secure, control, and monitor access to critical assets by privileged users. This includes administrators, operators, and any accounts that have elevated permissions to access systems, applications, and data. PAM tools are designed to prevent security breaches by managing and auditing privileged accounts and access. Configuration Management Tool Your Company has deployed Configuration Management tool, SCCM, Intune and JAMF to manage all the end points for Windows and Mac Devices, this enables applications management, software and end point management. Foreign Exchange Earnings and Outgo As of March 31, 2024, the Company’s total foreign exchange earnings are C 9,79,82,75,690 and total foreign exchange out flow is C 3,14,27,341. The details of the foreign exchange earnings and outgo for the year under review and previous year are as under:
• Ethically disposed spare water dispensers, thus reducing out fugitive emissions under scope-1 by approximately 8-10% (under review by environmental consultant for determining the reduction potential) • Fractal abides with highest level of standards when it comes to waste management. Two of the largest offices of Fractal are LEED certified. The largest place also complies with WELL standards (WELL Platinum at Mumbai). These standards help us in minimizing the waste, upcycling/ recycling the created waste, for e.g., these offices have STP units which recycles water, fresh air circulation rate across 90% of Fractal facilities has reduced the requirement of frequent duct cleaning. • Wastepaper is given to strategic upcycling vendor who in- turn helps in upcycling these products. Apart from these, there are multiple other avenues like PIR senser based lights, ambient sensors, water aerators etc. for optimizing building services. • IAQ – indoor air quality enhancement measures have been implemented at Fractal’s Mumbai, Gurugram & Bengaluru office. This setting has enabled complete air sanitization & real time monitoring of air parameters like: − Carbon dioxide (CO 2 ) − Volatile Organic Compound (VOC) − Temperature − Relative humidity The following initiatives in progress that should further reduce our carbon footprint: 1. Fractal has initiated water flow meter installation process at Bengaluru office in tandem with Embassy team, installation will likely be completed by end of July 2024. 2. We have initiated to onboard IoT solution for centrally monitoring PAN India critical room temp. and humidity parameters through a dashboard. Techno-commercial discussion is underway. Technology Absorption Your Company has adopted ZERO trust and SASE based architecture and as part of overall security enhancement have deployed following tools: Endpoint Detection and Response Solution (EDR) Your Company has deployed Sentinel One EDR solution which is very well positioned in protecting your Company’s Laptops and Servers from any real time External and Internal Cyber Threats by making use of its threat intelligence and AI/ ML Features. Security Incident and Event Monitoring (SIEM) Your Company has deployed Next Gen IBM QRadar SIEM solution to significantly reduce the time to identify, investigate and respond to advanced security threats. With an Analytics- driven approach, IBM QRadar helps security teams gain
unparallel visibility, detect and respond to threats faster than before and indeed help improve SOC efficiency.
Cloud Access Security Broker (CASB Solution) Your Company has deployed Netskope which is Market Leader CASB Solution and uses its patented technology Cloud XD by going deeper than any other security provider to quickly target and control activities across thousands of cloud (SaaS and IaaS) services and millions of websites offering features such as Controlling Data Upload, Leakage of sensitive data and Report User credential sharing related threats Zero Trust Network Access (ZTNA) Your Company has deployed Zscaler ZTNA on all laptops as it focuses on the zero-trust principal of least privilege providing secure access to specific resources one at a time based on a user’s access context. Zscaler Public Internet access (ZPIA) Your Company has deployed Cloud based Zscaler Proxy on all laptops to control Internet browsing traffic and protect organization from millions of malicious websites. It also offers User control access feature enabling organization to provide granular control on Internet access for different project users such as HC, Finance, IT, Legal and Client Specific. Email Security Your Company has deployed IronScales Email Security which is an AI-powered Self learning and Anti-Phishing tool and helps protects organization from Phishing mail by offering enhanced security features such Mailbox-level Behavioural Analysis, File Sandboxing, Community-led Threat Protection, Impersonation Protection. It also enables users to report any suspicious mail as Spam or Phishing received on their mailbox. Data Leak Prevention tool Your company has deployed a Data Leak Prevention tool over endpoints and email to prevent sensitive information from being lost, stolen, or exposed to unauthorized individuals. This involves implementing policies, procedures, and technology to monitor and control the flow of data within the organization, ensuring that sensitive data is protected. This further minimizes the risk of data loss and protects the company’s valuable assets from unauthorized access or exposure. Cloud Protection Security Manager Your Company has deployed PRISMA CPSM Tool keeping into mind increasing infrastructure landscape from on prem to Cloud. This tool will help govern complete Security Posture of Cloud Infra and highlight in case any security gaps to be further tightened as part of continuous Improvement.
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Fractal Analytics Limited | Annual Report 2023-24
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