Vinsys IT Services was incorporated in January 2008 in Pune, Maharashtra. The company is involved in the IT business where its core competence includes training and certifications, project management, technology training and digital learning. Vinsys IT Services is an ISO 9001:2015 certified organisation committed to becoming an accredited training service provider to meet the growing demand for training and workforce development.
Vinsys IT Services is a trusted partner with EC-Council, PeopleCert, Oracle, CISCO, Hybris Software, ISACA, Autodesk, IBM, CompTIA, Red Hat, AWS, PECB, Skillsoft, Microsoft, PRINCE2, Citrix, ITIL, and PMI. The company offers their services in 30+ countries including India, UAE, USA, etc.
Vinsys IT Services Limited IPO Details
Vinsys IT Services is a 100% fresh IPO worth ₹49.84 crore. The issue comprises 38,94,000 shares and is priced at ₹121 to ₹128 per share. Retail investors can bid for the Vinsys IT Services Limited IPO, which will open on August 1, 2023. Vinsys IT Services Limited’s IPO will list on the NSE exchange on August 14, 2023.
Vinsys IT Services Limited IPO Objectives
The objectives of Vinsys IT Services Limited's IPO are listed below:
- To fund the working capital requirement of the company
- For the repayment of loans to subsidiaries
- For loan to subsidiary
- To meet the general corporate purposes
- To meet the issue expenses
Noteworthy Highlights of Vinsys IT Services Ltd
- Vinsys IT Services Ltd’s corporate clients include big players like Infosys, IBM, HSBC, Atos, Dubai Airports, Siemens, EY, etc.
- The promoters of the company have 28 years of experience in Training and Certifications and IT Services Industry.
- As they have a global presence, they customise their certifications according to the country’s local requirements.
Peer Details
NIIT Limited and Aptech Limited are the listed peers of Vinsys IT Services that offer the same business
Vinsys IT Services Ltd Company Financials
| Particulars | March 31, 2023 (₹ in lakh) | March 31, 2022 (₹ in lakh) |
|---|---|---|
| Revenue from Operations | 9,485.01 | 3,184.72 |
| Profit After Tax (PAT) | 1,501.38 | -51.61 |
| Net Worth | 2,472.51 | 716.07 |
| Total Borrowings | 2,310.80 | 2,050.32 |
Know before investing
Strengths
2The revenue of the company has doubled from ₹2,033.83 on March 31, 2021, to ₹9,485.01 on March 31, 2023.
The company’s net worth increased 3 times from ₹773.51 on March 31, 2021, to ₹2,472.51 on March 31, 2023.
Risks
2The company’s revenue is highly dependent on a few clients. The loss of these clients can impact sales.
There are tax-related legal proceedings against the company, its promoters and its directors.
