Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS, NET

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INTANGIBLE ASSETS, NET
12 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
As of March 31, 2024 and 2023, intangible assets, net of the Company included the following:
March 31, 2024 March 31, 2023
Weighted-Average Life
Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization
Amortized intangible assets
 Trademark 6 years $ 22,118  $ (3,672) $ —  $ — 
 Software 16 years 15,599  (3,145) 6,140  (992)
 Client base 6 years 9,043  (3,057) 5,264  (1,707)
 Licenses 23 years 8,447  (1,269) 4,977  (489)
 Value added business 37 years 5,058  (2,476) 5,058  (2,355)
 Other intangible assets 13 years 1,098  (76) 2,074  (355)
Total $ 61,363  $ (13,695) $ 23,513  $ (5,898)
Total intangible assets, net $ 47,668  $ 17,615 
Aggregate Amortization Expense
For year ended 31.03.2024 $ 7,797 
Estimated Amortization Expense
For year ended 31.03.2025 $ 7,865 
For year ended 31.03.2026 $ 7,894 
For year ended 31.03.2027 $ 7,766 
For year ended 31.03.2028 $ 7,775 
For year ended 31.03.2029 $ 7,624 
Amortization expense totaled $7,797, $1,054 and $1,146 for the years ended March 31, 2024, 2023 and 2022 respectively