After successful conclusion of the business restructuring and the demerger we beganthe financial year 2018-19 with a new zeal and renewed focus on building the next versionof the Aurionpro. The Next version of Aurionpro shall accelerate digital innovation andhelp businesses and governments create NextGen Digital Infrastructure.
To begin with the operational performance we are happy to state that on the back ofstrong growth across all the business verticals and with improved operational efficiencyAurionpro has registered strong performance for the Financial year 2018-19. We ended theyear with a consolidated revenue of Rs. 522 Crores representing a strong Y-o-Y growth of25% and the consolidated profit after tax (PAT) of Rs. 61 Crores leading to a spectaculargrowth of 60% Y-o-Y.
The Banking and Fintech segment contributed 53% of the overall revenue registering agrowth of about 28%. Smart Mobility and Smart Cities segment contributed 36% of theoverall revenue registering a spectacular 61% growth during the year. We expect to keepthis momentum during the Financial year 2019-20. Our Order Book is healthy at Rs. 506Crores and may expand further in coming months. We see tremendous opportunity of growthacross all business lines particularly in the segment of smart mobility and smart cities.
The influx of digitization spreading across all the segments of industry is leading toa strong opportunity for IT Industry. We have embarked on a high growth path and have beengeneration of digital infrastructure making significant and technology. I am happy tostate that during the year we have funded all the growth out of our internal accrualswithout further leveraging our books. The debt remained constant during the year aftermeeting investment needs of our smart mobility projects.
The ROCE and ROE also stood at 11.2% and 14.5% respectively and we are confident ofsustaining it going forward. The Company is committed to delivering the best possiblevalue to shareholders' investment. In line with this intent the Board has declared aFinal Dividend of Rs. 2 per equity share. In order to enhance overall long-termshareholders' value and exhibit our confidence in the future of the Company the board hasannounced buyback of shares through open market route. The buyback of shares is withoutcompromising on future growth funding.
Banking and Fintech:
The digital era is ushering profound and disruptive changes in almost all theindustries and most prominently in banking and financial industry. World over banks areturning towards more automation and focusing on bringing down operational costs. Ourcreative capabilities and technological expertise position has built an impressiveportfolio of digital platforms Transaction and Lending solutions to tap the immenseopportunities in the Banking and Fintech space. Our ACE Platform is the most comprehensiveplatform to deploy customer-facing technologies across wide range of industry verticals.It can virtually drive every customer facing technology within a retail institution. Weoffer a broad range of skill sets under ACE Framework and have launched couple of newofferings during the year. From mapping customer journeys within a retail branch tomigrating frontline transactions we offer a range of touch points which enhance customerexperience and improve operational efficiency. The banks are investing heavily in thesenewer technologies creating huge growth potential in this segment.
The Transaction Banking contributes to 30% of our Banking Revenue. As per McKinseyReport Asia is the world's largest Transaction Banking market with 53% of globalopportunities. Aurionpro with a marque customer base and long-standing relationships hasleadership position in APAC market for the complex Transaction Banking business.
Our Lending Platform Smart Lender Product suite is a comprehensive Credit LoanOrigination Assessment and management Solution. We are market leaders across ASEANcountries with almost all leading banks in the region being our Clients. We are expandingour footprints beyond ASEAN markets and with the banking sector widening its digital reachwill create more opportunities in this space.
Smart City and Smart Mobility:
The global smart city market is projected to exceed $2.5 trillion by 2025. As urbanexpectations continue to expand the expectations and demands of citizens keep increasing.We believe our vision of smart cities powered by digital infrastructure has potential totransform the lives of citizens by creating an environment that is secure easier and morelivable. Aurionpro has been on the forefront of the Indian smart cities and smart mobilityinitiatives and has been working closely with the key government stakeholders. India islikely to spend US$ 50 billion on smart cities in the next 5 years. Aurionpro haspioneered on the implementation of 3D cities in India. Aurionpro has successfullyimplemented projects worth US$ 65 Million across India for Smart City Solutions like 3DSmart City City
Surveillance Smart Wi-Fi. Smart Mobility is another emerging idea which has potentialto change the face of city transportation. The developing economies are creating masstransportation and developed economies are moving towards Open Loop Common mobility-cardbased payment solutions. There are tremendous opportunities emerging in India with morethan 250 metro projects at various stages of implementation. Aurionpro offers AutomatedFare Collection (AFC) Solutions panning different technologies like open loop EVM basedticketing close loop based ticketing and account based ticketing. Globally AFCS market isestimated to reach US$ 10.1 billion by 2022 growing at a CAGR of 13.2% between 2016-2022.During the year Aurionpro has signed a deal to acquire SC Soft Pte. Ltd a SingaporeHeadquartered AFSC provider which has positioned Aurionpro as the market leader havingboth software and hardware solutions required for the AFSC Solutions. Recently SC softhas launched a spate of new products in UITP at Stockholm which have been well received.Aurionpro is now best placed to expand its footprint in this segment and is poised to tapopportunities in India as well as in other parts of the globe.
Cyber security is another emerging opportunity we are poised to grab. During the yearwe focused on building up the capacities and scaling up our product offerings. We built astrong team of domain experts led by an industry veteran and also launched ISLA 4.0 thecloud-based version of ISLA. Recently we have completed funding round along with aleading strategic investor. Currently we have more than 25 customers across the globewhich include post production movie editing studios financial agencies etc. We have alsosigned some strong partnerships including HPE Complete Program which will startdelivering during the current year. Further we have tied up with well-established andtrusted distributors in APAC region which is expected to expand our customer base in theregion.
I look ahead with the great optimism to the coming year. We have been investing in thenewer opportunities and those are expected to yield results in coming quarters. I takethis opportunity to thank each one of the stakeholders particularly the shareholdersemployees and our customers for your continued support which is critical for building thenext version of Aurionpro.