Known for its expertise in IT services and hardware trading, an Indian tech solutions provider has partnered with a leading state electronics firm for a two-year business collaboration. This partnership aims to deliver innovative solutions across industries, focusing on IT, renewable energy, and defense, promising transformative advancements in technology and sustainability.
Share Price Movement
The share price of Sahana Systems Limited hit 5 percent upper circuit of Rs. 1,965.90 per share on Tuesday, an increase from its previous close of Rs. 1,872.30 per share. The market capitalisation now stands at approximately Rs. 1,717.53 crore as of January 21, 2025.
Recent Update
Central Electronics Limited (CEL) and Sahana have entered into a two-year business partnership agreement.
The partnership aims to expand CEL’s market presence across government, public, and private sectors. Together, they will jointly bid for projects, secure orders, implement solutions, and manufacture Sahana products at CEL facilities, ensuring innovation and efficiency in delivering high-quality solutions.
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Financial Highlights
The company demonstrated robust growth in FY2024, with revenue increasing by 42% from Rs. 69 crore in FY2023 to Rs. 98 crore. Profits also surged by 56%, rising from Rs. 18 crore in FY2023 to Rs. 28 crore in FY2024.
Competitors
Sahana Systems operates in the IT Services and Consulting sector, competing with Tata Consultancy Services (TCS), Infosys, HCL Technologies, Cognizant, Wipro, Capgemini, Fujitsu, ADP, and GoDaddy.
Sahana Systems is currently trading at a P/E of 59.07, which is more than the industry P/E of 40.98.
Market Outlook
India’s IT and BPM sector is driving economic growth, contributing 7.5% to GDP in FY23, with an expected rise to 10% by 2025. With one of the world’s largest and most affordable Internet user bases, digital adoption is rapidly transforming industries. Backed by robust digital infrastructure and the Digital India initiative, this sector empowers citizens and fosters innovation. As technology reshapes every industry, India is positioned as a global economic leader, leveraging its dynamic tech ecosystem and partnerships.
Written By Fazal Ul Vahab C H
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Known for its expertise in IT services and hardware trading, an Indian tech solutions provider has partnered with a leading state electronics firm for a two-year business collaboration. This partnership aims to deliver innovative solutions across industries, focusing on IT, renewable energy, and defense, promising transformative advancements in technology and sustainability. Share Price Movement The
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