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Cressanda Solutions said it will provide tech-powered infrastructure solutions towards unaddressed passenger experience in India. This includes development of business applications, data sciences, cloud, migration, business process optimization, digital media, technology implementation and maintenance services.
The company said it will play a pivotal role in managing the entire operations of this project with an estimated value of Rs 1500 crore in a fully functional year.
With an intent to bid and manage such large projects, Cressanda announced an acquisition of 100% equity interest in Bangalore-based Lucida Technologies. It is a digital technology company specializing in providing program management to complex projects, development and support services in leading edge technologies such as supply chain management, data analytics, artificial intelligence/machine learning (AI/ML), full stack, mobile and Robotic Process Automation (RPA).
Cressanda Solutions provides information technology (IT), digital media and IT enabled services. Its net profit surged to Rs 0.21 crore in Q4 March 2022 as against Rs 0.01 crore in Q4 March 2021. Net sales declined 20% to Rs 0.04 crore in Q4 March 2022 over Q4 March 2021.
The current market capitalisation of Cressanda Solutions stands at Rs 1,281.16 crore.
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