This Software Technology Company Received Rs 11.18 Crore Service Order Under 3-Year Contract For Major Application Development And Maintenance Services
The scope of work is governed by a master service contract and spans a duration of three years, commencing April 2025 through March 2028.
Paramatrix Technologies Limited, a distinguished provider of cutting-edge enterprise software solutions and comprehensive IT services, has announced the receipt of a significant service order valued at Rs 11.18 Cr from one of the Leading Rating Agency of India.
Under this prestigious engagement, Paramatrix Technologies will deliver application development and maintenance services for multiple mission-critical applications managed by Agency. The scope of work is governed by a master service contract and spans a duration of three years, commencing April 2025 through March 2028.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, download the service details here.
This new engagement underscores company’s capabilities in delivering high-quality, reliable, and scalable digital solutions tailored to the needs of India’s top institutions. It further consolidates the company’s market position as a trusted technology partner in the financial services and credit rating industry.
With a strong emphasis on innovation and client-centric delivery, Paramatrix Technologies continues to expand its footprint across critical verticals through impactful and enduring technology alliances.
Commenting on this development, Mr. Mukesh Thumar, Founder, MD & CEO of Paramatrix Technologies Limited said: “This win is a strong validation of the trust industry leaders place in our capabilities. Partnering on a project of this scale is a significant moment for us, reflecting our progress in delivering complex, business-critical solutions that make a real impact. We’re fully geared up to bring our best to the table and see this collaboration as a key milestone in our growth journey. Looking ahead, we remain committed to strengthening our footprint in the financial technology space and continue investing in talent, tools, and innovation to empower our clients in an increasingly digital-first world.”
Paramatrix Technologies (Paramatrix) is a dynamic and technology-driven company specializing in IT solutions, custom software development, and innovative product offerings. Established in 2004, the Company has steadily built a reputation for delivering solutions tailored to meet the unique needs of clients across diverse industries. With a strong focus on quality, customer satisfaction, and technological advancement, Paramatrix offers a comprehensive portfolio that includes enterprise software, digital transformation solutions, and proprietary products. Paramatrix’s key products include cutting-edge applications designed for enhanced operational efficiency, such as its flagship solutions for data management, automation, and analytics. These products have been widely adopted across industries and are recognized for their scalability and user-centric design.
Operating with a mission to empower businesses through technology, the Company serves a wide array of industries, including finance, banking, insurance, healthcare, and education. Its commitment to innovation and excellence has positioned it as a trusted partner for organizations aiming to achieve sustainable growth and operational efficiency. In FY24, the company reported Total Income of Rs 28.60 crore, EBITDA of Rs 5.65 crore, and Profit After Tax of Rs 4.13 crore.
Disclaimer: The article is for informational purposes only and not investment advice.