Verso Altima India Private Limited, a subsidiary of Adroit Infotech Limited, has secured a significant contract valued at approximately Rs. 24 million from PostNord Group AB for SAP BRIM services. The project, which involves providing comprehensive managed services for SAP BRIM (Billing and Revenue Innovation Management), is set to run for a year, starting on April 1, 2025. The deal marks a significant achievement for Verso Altima India, strengthening its position in the global SAP BRIM services market. The agreement with PostNord Group, a leading logistics and postal service provider in the Nordic region, underscores the company’s growing influence in providing cutting-edge billing and revenue management solutions.
On Monday, shares of Adroit Infotech Ltd gained over 10 per cent to an intraday high of Rs 17.71 per share from its intraday low of Rs 16.05 per share. The stock’s 52-week high is Rs 30.10 per share and its 52-week low is Rs 13.69 per share.
Verso Altima India Private Limited, a wholly-owned subsidiary of Adroit Infotech Limited, has secured a significant order worth Rs 6.20 crore from AZAM MEDIA LIMITED for the supply of SAP Services. This project encompasses functional and technical support for SAP implementation, marking a substantial win for Verso Altima. The company expressed delight in announcing this achievement, highlighting the importance of the order in their continued growth and success.
We are thrilled to announce that our company has moved into our new office space in Navi Mumbai, India! This move will provide a more modern and spacious environment to support our growth and better serve our clients. We are excited for this new chapter in our journey! The new office, is designed to accommodate our growing team of about 120+ employees and provide an enhanced work environment that fosters collaboration and innovation.
The office opening ceremony, held on the 12th October 2024, was a momentous occasion graced by the presence of Mr. Naveen Naidu– CEO, Mr. Satish Yadav – COO of VAI, along with employees. The ceremony commenced with a traditional Puja, symbolizing auspicious beginnings, followed by the official inauguration ceremony.
The new office space not only reflects our commitment to providing a conducive work environment for our employees but also signifies our continued growth and success in the industry. We are excited about the possibilities that this new space brings and look forward to achieving greater milestones together as a team.
We extend our heartfelt thanks to everyone who has been a part of this journey and contributed to the success of Verso Altima India. Here’s to new beginnings and a future filled with innovation, growth, and success!
The company informed that the specialized BRIM market is experiencing rapid growth and a shortage of specialized technical resources. BRIM expertise is crucial for industries requiring fast, real-time, and accurate billing, particularly in subscription or consumption-based models like those used by large telecom providers.
Verso Altima India Pvt Limited, a subsidiary of Adroit Infotech Limited, is an IT services and solutions provider with collaborative centers in several countries. The workforce includes PMI Certified Project Managers, Agile Scrum Masters, Enterprise and Solutions Architects, Business System Analysts, and Data Scientists, ensuring delivery of solutions in the latest technology trends such as Analytics, IoT, AI, 5G, Cloud, DX, QA Automation, UI/UX, and DevOps.
The shares were up by 4.98 per cent after the company at ₹19.20 at 3.20 pm on the BSE.
Adroit Infotech is currently trading at Rs. 20.78, up by 0.42 points or 2.06% from its previous closing of Rs. 20.36 on the BSE.
The scrip opened at Rs. 21.16 and has touched a high and low of Rs. 21.88 and Rs. 20.50 respectively. So far 54648 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 23.29 on 18-Sep-2023 and a 52 week low of Rs. 13.15 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 21.88 and Rs. 16.91 respectively. The current market cap of the company is Rs. 118.95 crore.
The promoters holding in the company stood at 36.61%, while Non-Institutions held 63.39% in the company.
Adroit Infotech’s wholly owned subsidiary — Adroit Infotech L.L.C. FZ has bagged order worth Rs 3.77 crore from EMPRESA NACIONAL DE BILHETICA INTEGRADA, ANGOLA through associate Adroit Infotech LDA for SAP BRIM – Implementation, Migration Services, Training Users, Transition Support Services. The order is to be executed by March 31, 2025.
Adroit Infotech is engaged in providing consultancy services.
Adroit Infotech has secured an order worth Rs 2 crore from BIZNET (PT Supra Primatama Nusantara, Jakartha) for BIZNET SAP BRIM – Managed Services. This project involves the functional and technical support for the SAP-BRIM application and Comprehensive onsite/off shore support for one year.
