v3.25.2
Related Party Transactions (Details 1) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Interest expense $ 170 $ 147  
Accounts receivable 9,547   $ 10,982
Aeries Financial Technologies Private Limited [Member]      
Cost sharing arrangements [1] 47  
Interest income [2],[3] 51 4  
Accounts receivable [1] 102   102
Interest receivable (classified under prepaid expenses and other current assets) [2] 1   1
Investment in 0.001% Series-A Redeemable preference share [3] 1,132   1,008
Loans to affiliates (classified under other assets) [2] 102   102
Bhanix Finance And Investment Limited [Member]      
Cost sharing arrangements [1] 30 26  
Accounts receivable [1] 105   105
Aeries Technology Products And Strategies Private Limited [Member]      
Interest expense [4] 3 20  
Interest income [3],[5] 16 22  
Office management and support services expense [6] 1 14  
Interest payable (classified under other current liabilities) [4] 44   41
Interest receivable (classified under prepaid expenses and other current assets) [5] 17   14
Investment in 10% Cumulative redeemable preference shares [3] 834   822
Loans from affiliates [4] 111   111
Loans to affiliates (classified under other assets) [5] 129   129
Mr Vaibhav Rao [Member]      
Interest expense [7] 24 21  
Loan from Members of immediate families of Venu Raman Kumar [7] 812   812
Ralak Consulting LLP [Member]      
Legal and professional fees paid [8] 42 77  
Aark II Pte Limited [Member]      
Management consultancy service [9] 983 $ 746  
Accounts receivable [9] 467   439
TSLC Pte Limited [Member]      
Accounts receivable [9] $ 91   $ 101
[1] The Company was in a cost sharing arrangement with Aeries Financial Technologies Private Ltd and Bhanix Finance and Investment Ltd under separate agreements dated April 1, 2020. The cost sharing arrangement included costs in the areas of office management, IT and operations. The agreements are for a 36-month term with auto renewals after the original term.
[2] The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 15-17% per annum.
[3] This amount represents investments in affiliates. The Company earned interest income on its investments in affiliates.
[4] The Company incurred interest expense in relation to loans taken from ATPSPL, which were borrowed to meet working capital requirements. The loans were for a 3-year term and were issued at an interest rate of 12% per annum.
[5] The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 12% per annum.
[6] The Company availed management consulting services from ATPSPL under agreements dated March 20, 2020 and April 1, 2021.
[7] The Company obtained a loan at 12% per annum interest rate (w.e.f April 1, 2025; 10% per annum till March 31, 2025) from Mr. Vaibhav Rao for business purposes. The agreement shall remain valid until the principal amount along with interest is fully repaid. The loan amount was outstanding as of June 30, 2025.
[8] The Company availed consulting services including implementation services in business restructuring, risk management, feasibility studies, mergers & acquisitions etc. from Ralak Consulting LLP via agreement dated April 1, 2022.
[9] The Company provided management consulting services to Aark II Pte Ltd under an agreement dated June 21, 2021 and its amendments thereof and to TSLC Pte Ltd under an agreement dated July 12, 2021.