Mindteck is an engineering and technology solutions company incorporated in 1991. Mindteck has considerable experience in E-commerce and Embedded Systems. The company has completed the acquisition of Infotech Holdings Inc, a company which is engaged in IT software consultancy and has become a subsidiary from July 2001.
Their global footprint spans the US, Canada, India, Europe, the APAC region (Singapore, Malaysia and Philippines), and the Middle East (Bahrain). They also have two Development Centers – Kolkata and Bengaluru.
Mindteck (India) Limited has seven wholly-owned subsidiaries and three step-down subsidiaries as at March 31, 2020.
Financial Results:
Mindteck (India) Ltd reported Revenues for Q1FY24 of ₹93.41 Crores up from ₹81.26 Crore year on year, a rise of 14.95%.
Total Expenses for Q1FY24 of ₹87.19 Crores up from ₹76.15 Crores year on year, a rise of 14.5%.
Consolidated Net Profit of ₹6.23 Crores up 21.68% from ₹5.12 Crores in the same quarter of the previous year.
The Earnings per Share is ₹2.47, up 24.12% from ₹1.99 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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