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About Cressanda Railway Solutions
Cressanda Solutions is engaged in financial activities till last year has stopped the financing business and started software development and information technology activities. During the year the company has also acquired three major software and information technology companies and those companies where also become subsidiary of Cressanda Commecial & Financing Limited.The reason for diverfications and restructuring is to enable the company in creating new value competencies,identifying new growth opportunities and empowering the leadership within the organisation.
The total Paid up Share Capital of the company till March 2001 is Rs.90 Million.
Parent Organisation
Indian Private
Managing Director
Chander Parkash Sharma
Founded
1985
NSE Symbol
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AngelOne
31st July, 2024
Cressanda Railway Solutions Hits Upper Circuit with Major Eastern Railway Contract
The company has successfully sold the entire inventory of 34 Electric Multiple Units (EMUs) in the Howrah division of Eastern Railways. Esteemed clients like Dabur India
Eastern Railway: A Pillar of India’s Locomotive Connectivity
The Eastern Railway network in India is a cornerstone of the nation’s transportation infrastructure. As the fourth-largest railway network in the world, it carries over 8 billion passengers annually, with an impressive fleet of 234 trains, including 174 that operate daily. This vast network not only connects cities and towns across India but also plays a crucial role in the country’s economic and social development.
Cressanda Railway Solutions: A New Era of Innovation
In a landmark achievement, Cressanda Railway Solutions has secured a multi-year contract with the Eastern Railway Network. This contract is set to revolutionize the way advertising, connectivity, and onboard services are provided on trains. The agreement grants Cressanda the rights to:
Advertise on interior and exterior surfaces of over 500 trains, including Mail Express, Premium, Inter-city, and Local trains.
Provide onboard Wi-Fi, internet, and Content on Demand services on Mail/Express and Premium trains.
Sell non-catering travel-related items onboard.
Transforming Train Travel Experience
Cressanda’s innovative approach to train services includes significant advancements in onboard advertising and passenger amenities. Notably, the company has successfully sold the entire inventory of 34 Electric Multiple Units (EMUs) in the Howrah division of Eastern Railways. Esteemed clients like Dabur India Limited, Emami, Anmol Biscuits, Stout Footwear, and Ganesh Spices have secured advertising space on the external surfaces of train coaches through vinyl wraps. This achievement underscores Cressanda’s strategic planning and efficient management.
A Milestone Achievement
This milestone reflects a significant shift in operational strategy and modernization efforts under the agreement with Eastern Railways. By selling the entire inventory of EMUs for advertising, Cressanda has set a new standard in train-based marketing, offering brands a unique platform to reach millions of passengers daily. This success is a testament to the company’s innovative approach and commitment to leveraging strategic partnerships.
Financial Performance: A Surge in Revenue and Profit
Cressanda Railway Solutions’ financial performance has been equally impressive. The company’s share price hit an upper circuit on Wednesday following the announcement of this major contract. In FY24, Cressanda reported a record-high revenue of Rs 205 crore, with net profit surging to Rs 14 crore, up from Rs 6 crore in FY23.
The Future of Train Advertising and Connectivity
Cressanda Railway Solutions’ partnership with the Eastern Railway Network marks the beginning of a new era in train advertising and onboard services. By integrating cutting-edge technology and innovative advertising solutions, Cressanda is set to enhance the travel experience for millions of passengers while providing brands with unparalleled exposure.
As Cressanda continues to expand its reach and capabilities, the future of train travel in India looks more connected, entertaining, and commercially vibrant than ever before. This contract with Eastern Railways not only boosts Cressanda’s market position but also sets a precedent for future collaborations in the railway sector.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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