Indian Company Makes Waves With Multi-Million Dollar Order From Israel

The news was announced by the company's board in a stock exchange filing on April 14th, 2023, following Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The bid was won by the company's Dubai-based wholly-owned subsidiary, Global Markets Insights IT Services LLC.?

The Managing Director of Pressure Sensitive Systems India Ltd, Mr. Bhagyesh Mistry, expressed his delight at the achievement, stating that it is a significant milestone for the company. He added that the company aims to generate substantial revenue from the data warehousing product, which has the best resources from around the world. He also mentioned that the company is expecting more orders from the data warehouse category from the European and Middle Eastern markets.?

The company aims to reach a topline (revenue) of approximately 180 crores INR from its Dubai-based subsidiary, Global Markets Insights IT Services LLC, for the fiscal year 2023-24, according to Mr. Mistry.?

In addition to this latest order, the company had recently completed seven other significant orders in the previous quarter. These orders, along with the current order, have resulted in the company's order book reaching approximately 9.8 million USD or 85 crores INR.?

Pressure Sensitive Systems India Ltd has been engaged in the technical services segment for the past 36 years and has a multinational presence around the world. The new generation leading the company has shown commendable performance since the beginning of 2023, and the company has developed strong ties with its new customers.?

The company has become one of the chosen suppliers in its segment due to its dedication to quality, on-time delivery, and customer satisfaction. The firm has been able to keep its position as a top provider in its segment due to its commitment to innovation and sustainability.?

The shares of Pressure Sensitive Systems India Ltd opened in the market today at an upside of ?6.78 and are currently trading at ?6.86 apiece, up by 1.15% from the previous close.?

Pressure Sensitive Systems India Ltd has achieved a significant milestone by winning a bid worth 3.8 million USD to set up a data warehouse facility for Insitu S2 Ltd, a giant technology company based in Israel. The company aims to generate substantial revenue from the data warehousing product, and the achievement is a testament to the quality of the company's products and the trust that its customers have in it. With its dedication to innovation and sustainability, the company is poised for continued success in its segment.?