Hot Pursuit     14-Mar-24
Genesys Intl soars on Rs 155-cr order win
Genesys International Corporation surged 13.88% to Rs 595.80 after it secured a mega contract worth Rs 155 crore with Brihanmumbai Municipal Corporation (BMC) to develop Mumbai's 3D city model and map stack.
Under this agreement, Genesys will provide the development, implementation, and upkeep of a highly accurate 3D city model and map stack for Mumbai and also update the same for three years. The project aims to provide an elaborate and comprehensive overview of the city's landscape to enable precise planning and collaboration among various stakeholders.

The project entails creation of a unified mapping platform, incorporating various layers such as the 3D reality mesh model , base map with advanced features and street imaging , digital surface model (DSM), digital terrain model (DTM) along with a change detection map. These tools will empower municipal departments, government agencies, and citizens to make informed decisions that contribute to the city's growth.

By harnessing geospatial intelligence, Genesys International aims to revolutionize urban planning, infrastructure development, and emergency response systems in Mumbai. The project aligns with the city's vision of becoming a 'smart city’ equipped with advanced technologies for efficient governance and citizen engagement.

Sajid Malik, CMD of Genesys said, “With this monumental opportunity, we look forward to leading Mumbai into a new era of development, where our advanced geospatial solutions will not only redefine urban planning but also foster sustainable growth and an enhanced quality of life for its residents. We are committed to leveraging our expertise in geospatial technology to support the city's development efforts.”

Genesys International Corporation is a premier advanced mapping company. With a team of over 2,000 professionals along with the nationwide Genesys constellation of sensors, the company is building the new India map stack. Genesys International has unique expertise, encompassing an understanding of emerging consumer applications related to mapping technology and the capability to provide cutting-edge solutions on the enterprise and government markets.

The company’s consolidated net profit surged 101.78% to Rs 15.86 crore on 9.02% rise in revenue from operations stood to Rs 59.34 crore in Q3 FY24 over Q3 FY23.

Previous News
  Genesys International spurts after bagging project in Saudi Arabia
 ( Hot Pursuit - 18-Sep-23   15:43 )
  Genesys International receives investment of Rs 250 cr
 ( Corporate News - 15-Jun-22   09:50 )
  Genesys International Corporation reports consolidated net profit of Rs 2.42 crore in the September 2019 quarter
 ( Results - Announcements 20-Nov-19   17:19 )
  Genesys Intl soars on Rs 155-cr order win
 ( Hot Pursuit - 14-Mar-24   16:18 )
  Genesys International Corporation consolidated net profit declines 4.61% in the December 2022 quarter
 ( Results - Announcements 15-Feb-23   07:55 )
  Genesys International Corporation reports consolidated net profit of Rs 4.29 crore in the June 2022 quarter
 ( Results - Announcements 13-Aug-22   08:21 )
  Genesys International Corporation allots 30,950 equity shares under ESOP
 ( Corporate News - 30-Nov-22   18:50 )
  Genesys International Corporation to allot 94,300 equity shares
 ( Corporate News - 07-Dec-18   17:34 )
  Genesys International Corporation announces board meeting date
 ( Corporate News - 09-Aug-23   11:43 )
  Genesys International Corporation to hold board meeting
 ( Corporate News - 09-Feb-24   13:53 )
  Genesys International Corporation reports standalone net loss of Rs 21.04 crore in the March 2021 quarter
 ( Results - Announcements 30-Jun-21   07:54 )
Other Stories
  PEL board OKs ad hoc appointments post Rupen Patel's passing
  06-Jul-24   16:41
  Info Edge Q1 FY25 billings climb 11% YoY
  06-Jul-24   15:50
  IndusInd Bank advances climb 16% YoY in Q1 FY25
  06-Jul-24   15:18
  Adani Wilmar reports 13% volume growth in Q1 FY25
  06-Jul-24   14:44
  Tata Motors JLR wholesale rises 5% YoY in Q1
  06-Jul-24   13:01
  Marico's domestic biz sees modest volume growth in Q1
  06-Jul-24   12:25
  Titan revenue rises 9% YoY, adds 61 stores in Q1
  06-Jul-24   11:09
  Dabur India expects mid to high digit revenue growth in Q1
  06-Jul-24   10:40
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
Back Top