Hot Pursuit     30-Nov-23
Genesys International spurts on forming Executive Innovation Board
Genesys International Corporation surged 6.69% to Rs 404.50, following the announcement of its Executive Innovation Board (EIB) formation aimed at advancing India's first comprehensive map stack.
Genesys International Corporation has launched its EIB to drive the development of India's first comprehensive map stack. The EIB will consist of industry experts with deep knowledge in mobility, e-commerce/logistics, and automotive sectors, playing a vital role in guiding Genesys towards innovative solutions for India's consumer and infrastructure needs. Genesys aims to focus on the e-commerce/logistics, mobility, and automotive sectors due to the revolutionary India map platform it has developed.

The company's EIB includes prominent industry leaders such as Rajiv Dinesh, with expertise in Location Intelligence from Delhivery; Navin Paul, an Automotive specialist from Bosch and Honda Motors; and Dhruva Rajan, an expert in the Mobility sector and former CEO at Ola Maps. Genesys International aspires to surpass consumer and business expectations by setting new standards in mapping technology through ongoing innovation and collaboration with industry experts.

Genesys International Corporation is an advanced mapping company with a team of over 2,000 professionals. Leveraging the nationwide Genesys constellation of sensors, the company is constructing the new India map stack. Genesys International possesses unique expertise, which includes an understanding of emerging consumer applications in mapping technology and the ability to deliver solutions to enterprise and government markets.

On a consolidated basis, Genesys International Corporation reported net loss of Rs 3.30 crore in Q2 September 2023 as against net profit of Rs 4.78 crore in Q2 September 2022. Net sales declined 11.21% YoY to Rs 33.19 crore in Q2 September 2022.

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