Team Blitz India
NEW DELHI: IT services company Vinsys has said it is exploring acquisition opportunities in overseas markets, including the US and the UK, to expand its global reach and also announced plans to launch its maiden public issue.
Pune-based Vinsys offers customised courses for sectors such as BFSI, telecom, and government departments, where training for IT and processes is essential. It has a team of over 800 professionals certified by major tech companies and institutions.
The company clocked a revenue of Rs 157.30 crore and a net profit of Rs 16.02 crore during the last fiscal year, Vinsys said in a statement on May 10.
Currently, Vinsys operates in the UAE, Oman, Malaysia, Singapore, Nigeria, Kenya, the UK, and the US.
As part of the expansion plan, the company said it is actively seeking inorganic growth opportunities to expand its reach in new markets, including the US and the UK, while continuing to consolidate its position in the Middle East.
The company also plans to open a new corporate office and training centre in Saudi Arabia before the end of second quarter of 2023-24, the statement added.
