Latest News | Pune-based Vinsys Opens Office in Saudi Arabia; 6th in Middle East

Get latest articles and stories on Latest News at LatestLY. Vinsys IT Services India Limited on Monday announced the opening of its second office in Saudi Arabia, taking the total number of offices in the Middle East to six.

Agency News PTI|
Latest News | Pune-based Vinsys Opens Office in Saudi Arabia; 6th in Middle East

New Delhi, Dec 30 (PTI) Vinsys IT Services India Limited on Monday announced the opening of its second office in Saudi Arabia, taking the total number of offices in the Middle East to six.

The expansion reinforces Vinsys' commitment to the Middle East region and its focus on delivering AI-powered solutions to meet the surging demand for digital transformation, the Pune-headquartered company said in a release.

Also Read | What Are H-1B Visa New Rules? What Changes Have Been Made in Form I-129? Here's All You Need To Know.

It said the company is also actively establishing a new office in Oman to solidify its presence across the Middle East.

"Notably, 25 per cent of Vinsys' total revenue originates from the Middle East," the release added.

Also Read | What Is the Generation Beta? Who Will Be Gen Beta's Parents? All About the Successors to Gen Alpha and Gen Z, Set To Arrive in 2025.

Commenting on the expansion, Vikrant Patil, CEO and MD of Vinsys, said Saudi Arabia recently announced Project Transcendence - a USD 100 billion initiative aimed at establishing itself as a major player in artificial intelligence, data analytics and advanced technology.

"The vision has opened doors to unprecedented opportunities for companies with presence, credibility and capability, such as us, in the talent upskilling and training space," Patil said.

In the first half of the fiscal, Vinsys, which provides IT and software services and training, reported a consolidated revenue rise of 16.3 per cent to Rs 92.11 crore compared to Rs 79.23 crore in the year-ago period.

Its EBITDA surged 55.1 per cent, reaching Rs 15.56 crore in H1FY25 from Rs 10.03 crore in H1FY24.

Over two decades, the company said it has served more than 4,000 organisations across the globe.

Its operations extend across India, Gulf countries, and the US.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

Latest News | Pune-based Vinsys Opens Office in Saudi Arabia; 6th in Middle East

New Delhi, Dec 30 (PTI) Vinsys IT Services India Limited on Monday announced the opening of its second office in Saudi Arabia, taking the total number of offices in the Middle East to six.

The expansion reinforces Vinsys' commitment to the Middle East region and its focus on delivering AI-powered solutions to meet the surging demand for digital transformation, the Pune-headquartered company said in a release.

Also Read | What Are H-1B Visa New Rules? What Changes Have Been Made in Form I-129? Here's All You Need To Know.

It said the company is also actively establishing a new office in Oman to solidify its presence across the Middle East.

"Notably, 25 per cent of Vinsys' total revenue originates from the Middle East," the release added.

Also Read | What Is the Generation Beta? Who Will Be Gen Beta's Parents? All About the Successors to Gen Alpha and Gen Z, Set To Arrive in 2025.

Commenting on the expansion, Vikrant Patil, CEO and MD of Vinsys, said Saudi Arabia recently announced Project Transcendence - a USD 100 billion initiative aimed at establishing itself as a major player in artificial intelligence, data analytics and advanced technology.

"The vision has opened doors to unprecedented opportunities for companies with presence, credibility and capability, such as us, in the talent upskilling and training space," Patil said.

In the first half of the fiscal, Vinsys, which provides IT and software services and training, reported a consolidated revenue rise of 16.3 per cent to Rs 92.11 crore compared to Rs 79.23 crore in the year-ago period.

Its EBITDA surged 55.1 per cent, reaching Rs 15.56 crore in H1FY25 from Rs 10.03 crore in H1FY24.

Over two decades, the company said it has served more than 4,000 organisations across the globe.

Its operations extend across India, Gulf countries, and the US.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

  • INR
  • USD
  • EUR
View all
City Petrol Diesel
New Delhi 96.72 89.62
Kolkata 106.03 92.76
Mumbai 106.31 94.27
Chennai 102.74 94.33
View all
Currency Price Change
  • INR
  • USD
  • EUR
View all
City Petrol Diesel
New Delhi 96.72 89.62
Kolkata 106.03 92.76
Mumbai 106.31 94.27
Chennai 102.74 94.33
View all
Currency Price Change
Google News Telegram Bot
Google News Telegram Bot
Close
Latestly whatsapp channel