ITCONS Secures 2-Year Manpower Services Agreement with Zomato Hyperpure

ITCONS E-Solutions Ltd. has secured a manpower supply contract with Zomato Hyperpure Private Limited, the B2B grocery arm of Zomato, through a two-year Master Service Agreement. The company disclosed this update via a regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements (LODR). 

ITCONS to Provide Workforce Support to Zomato Hyperpure 

As part of the agreement, ITCONS will deliver manpower services to Zomato Hyperpure as per the scope of work (SOW) raised by the company from time to time. The arrangement is structured as a demand-based engagement with no fixed headcount or value, allowing for flexibility depending on Zomato’s business needs. 

Contract Duration and Nature 

• Type of contract: Domestic
• Duration: 2 years
• Scope: On-demand manpower supply
• Value: Variable, based on actual deployment 

The contract does not fall under related party transactions, and the promoters of ITCONS have no financial or operational interest in Zomato Hyperpure. 

ITCONS E-Solution & Eternal Share Price 

On May 22, 2025, shares of Eternal (Zomato) (NSE: ETERNAL) opened at ₹228.97, lower than its previous close at ₹227.97. At 2.08 PM, the share price of Eternal was trading at ₹228.58, down by 0.60% on the NSE. 

On the same day, shares of ITCONS E-Solution (BSE: ITCONS) opened at ₹529.90, lower than its previous close at ₹555.20. At 1.59 PM, the share price of ITCONS E-Solution was trading at ₹544.70, down by 10.50% on the BSE. 

Also Read:Zomato (Eternal) Adds Rain Fee for Gold Members from May 16. 

Conclusion 

This agreement marks a significant business milestone for ITCONS, further solidifying its position in the staffing and workforce solutions market. The flexible, on-demand model will allow the company to adapt to the evolving operational needs of a large-scale enterprise like Zomato. 

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