Genesys International rises as its arm bags prestigious contract worth Rs 26 crore

Genesys International Corporation is currently trading at Rs. 415.60, up by 3.90 points or 0.95% from its previous closing of Rs. 411.70 on the BSE.

The scrip opened at Rs. 413.00 and has touched a high and low of Rs. 430.30 and Rs. 412.25 respectively. So far 23257 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 520.00 on 05-Dec-2022 and a 52 week low of Rs. 267.00 on 16-Aug-2023.

Last one week high and low of the scrip stood at Rs. 433.60 and Rs. 352.05 respectively. The current market cap of the company is Rs. 1557.11 crore.

The promoters holding in the company stood at 39.65%, while Institutions and Non-Institutions held 6.32% and 54.03% respectively.

Genesys International’s subsidiary in Saudi Arabia -- Genesys Middle East, has received prestigious contract for the 3D Digital Twin mapping of the Holy City of Mecca by the Kingdom of Saudi Arabia. This pioneering project, valued at Rs 26 crore in this phase marks a historic venture into utilizing digital twin mapping technology for urban planning, modelling, and monitoring.

The contract stipulates the completion of the project within six months from the Letter of Award (LoA). This is a large validation of Genesys' proprietary platform, Oyster 3D Maps, for this high precision mapping endeavour. The scope includes crucial aspects such as crowd management, disaster management and planning for one of the most visited spots in the world.

Genesys has solidified its position as pioneers and leaders in 3D mapping in Saudi Arabia, a country experiencing exponential growth in infrastructure to host the World Expo 2030. The recent win further underscores Saudi Arabia's commitment to expanding its infrastructure. GeoSpatial solutions based on 3D data are recognized as the bedrock of infrastructure and city planning.

In addition to the Mecca project, Genesys has successfully completed the 3D Indoor Mapping of 27 airports for the General Authority of Civil Aviation (GACA). The company is actively engaged in ongoing projects with GeoSa, the national mapping authority of Saudi Arabia, and NEOM. Simultaneously, in India, Genesys has launched the new India Map stack, targeting advanced platforms in consumer, logistics, automotive, and infrastructure areas. The company's continued expansion and involvement in transformative projects solidify its position as a global leader in cutting-edge geospatial solutions. The company recently partnered with the Survey of India, Government of India. 

Genesys International is an advanced mapping solutions company. With state-of-the-art infrastructure and a growing list of Fortune 500 and SME clients, it is well-positioned to play a significant role in the global GIS and Geospatial industry.