Ashish Kacholia Sold 5,18,734 Shares: Geospatial Solutions Provider Wins Rs 56 Crore Land Records Modernization Project in West Bengal
The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 1,640 per cent in 5 years.
Genesys International Corporation Ltd has secured a substantial Rs 56 crore contract from the West Bengal Directorate of Land Records and Surveys (DLRS) to modernize the state's land records. This project leverages cutting-edge geospatial technology to enhance the accuracy and efficiency of land administration. The core of the project involves generating high-resolution orthorectified images (ORI) and georeferenced cadastral maps using advanced techniques, including 3D terrain modelling from stereo imagery and utilizing mono satellite images for supplementary mapping.
This initiative is poised to revolutionize land record management in West Bengal. By improving the accuracy of cadastral maps, enhancing their usability for administrative purposes, and increasing public accessibility, the project will streamline land administration processes. The integration of georeferenced vector maps with high-resolution ORI will ensure reliable and up-to-date land data crucial for various applications, including land administration, dispute resolution, and urban planning.
This significant project underscores Genesys International's leadership in providing innovative geospatial solutions. The company's comprehensive data model suite, New India Map Stack, will play a pivotal role in supporting broader applications beyond land records, including urban planning, infrastructure development, location intelligence, and mobility solutions. This award solidifies Genesys International's commitment to addressing the evolving needs of digital infrastructure and land administration.
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About Genesys International Corporation Ltd
Genesys International is a leading geospatial solutions provider in India, known for its expertise in high-precision 3D Digital Twin mapping and LiDAR-based GIS platforms. Leveraging state-of-the-art technology, Genesys offers advanced mapping and spatial analysis solutions that support a wide range of industries, including urban planning, transportation, and environmental monitoring. With a commitment to innovation and accuracy, Genesys empowers clients to make data-driven decisions through its comprehensive geospatial data and insights.
Genesys is a small-cap company with a market cap of over Rs 3,600 crore with a 3-year stock price CAGR of 55 per cent. An ace investor, Ashish Kacholia sold 5,18,734 shares or 1.31 per cent stake in the company in September 2024. The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 1,640 per cent in 5 years. Investors should keep an eye on this small-cap IT stock.
Disclaimer: The article is for informational purposes only and not investment advice.