Ceinsys Tech Ltd recently raised Rs 235 crore (approximately USD 28 million) through the preferential issue of shares in equity and share warrants. This huge capital is expected to boost the growth path of this firm, especially by increasing the acquisition drive and optimization of its global operations.
Image Source: Ceinsys
Funding Details
The funding round was led by Rare Capital, an American-based investment firm with great expertise in identifying key growth-oriented firms. Rare Capital invested Rs 125 crore (USD 15 million) in the funding program. The investment received is an affirmation of the belief investors are placing behind Ceinsys Tech’s future and its growth prospects.
The funds of Rs 235 crore will be used optimally to fund Ceinsys Tech’s growth strategies. It plans to transform itself by organic and inorganic routes, thereby trying for acquisitions and joint ventures to gain new areas of service specializations. Moreover, the funds will be directed to the improvement of the technological profile of the company, with focusing on sectors such as geospatial, engineering, and digital sectors.
The Promoter and Chairman of Rare Capital, Sagar Meghe said, “By leveraging Ceinsys’s core expertise and being focused on high growth sectors like geospatial, engineering research and technology enablement services, have a high degree of confidence in the company’s ability to execute this growth strategy globally.”
Quotation Source: Rediff Moneywiz
Vision and Leadership at Ceinsys Tech
Ceinsys Tech was founded in 1998. Ceinsys Tech is now among the leading technologies offering geospatial, enterprise, and engineering services. The company’s client base offers a wide range of markets such as utilities, infrastructure, Natural resources, and manufacturing markets. Based in India, Ceinsys Tech has offices in the USA, the UK, Singapore, and Germany Through smart technology and analytics, the firm provides effective solutions that facilitate operations and decision-making.
The managing Director and Chief Executive Officer Sagar Meghe along with other members of the leadership team of Ceinsys Tech is aimed at strategic development of the company. With the leadership of Meghe at Ceinsys Tech, has always aimed to create value for the clients by making sound investments and incorporating all kinds of technological changes while focusing on the customer needs. This latest round of funding proves it and co-founder/CEO Nadav Sharon’s leadership along with the company’s appeal to top-shelf investors.
Global Market Expansion
Ceinsys Tech continues to expand its business driven by global demands for enhanced geospatial and engineering services. The company has recently purchased the business of USA geospatial organisation VTS which was another milestone in the international diversification process of the firm. This acquisition will help Ceinsys expand the range of services offered in North America and the rest of the world.
The geospatial and engineering solutions market especially over the globe looks like moving into a phase that will see greater penetration of digital technologies and efficient management of existing infrastructure. Based on market research, the geospatial analytics market likely registered a CAGR of 14.2% between 2021 and 2028. This growth is attributed to the increase in the uptake of LBS solutions, smart city projects, and the development of remote sensing technologies.
Conclusion
The latest funding round of Rs 235 crore, managed by Ceinsys Tech, is a key achievement on its growth map. Rare Capital is among the leading investors in the firm which means the company will continue to grow its international outreach and improve its services. Ceinsys Tech has an active and valuable role in developing geospatial and engineering solutions for clients. It will be instrumental in determining the future direction of engineering solutions for the better value creation for stakeholders.
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