BANKING ON SOFTWARE-TO-SKILLS INTEGRATION, IPO-BOUND VINSYS SETS THE STAGE FOR GLOBAL LEADERSHIP
Training business to focus on expanding market share in the Middle East and US while software vertical aiming at eGovernance play in India
Pune (Voice news service):- Vinsys IT Services India Limited (Vinsys IT), a global IT and software services company headquartered in Pune, is expanding its presence in the global and domestic market, banking on its diverse businesses. The software-to-skills company plans to garner a larger market share in the global skills development and corporate training market, while its software services vertical is eyeing to capitalise on rising eGovernance spending by various government departments within the country.
The Corporate Training Business – going places
Vinsys is the country’s second-largest corporate IT training partner to global players. The company offers Training & Certifications, Digital Learning and Foreign Learning services as a part of the corporate training services.In the past three years, the company has focused on developing new markets – by expanding to UAE, Oman, Qatar, Australia, Kenya, Tanzania, Singapore, and Malaysia. Vinsys has ventured into Saudi Arabia by opening a dedicated office in Riyadh. At the same time, its office expansion plan in the USA continues to take shape. By 2025, the company expects overseas business to account for 35% of the total revenues. Towards this, the company has hired marquee professionals to join its growing team.
The new leaders
Dr. Mohammed Aslam has joined the team as CEO of Middle East operations in the company. He brings over three decades of experience in the region and was Ex-CEO of New Horizon Middle East before joining the company.
For the US markets, the company has hired Sanjeev Shrivastava as the Project Head – Global Business (US). Sanjeev has over 25 years of Education Services Experience in Leading Organization Like JKT Consulting Ltd, Oracle University, Microsoft, NIIT Ltd & Aptech Ltd. Before joining Vinsys, Sanjeev was the Country Head at Netcom.
Software services and solutions business – accountability driving growth
Vinsys has built a robust IT Development services business offering a seamless project execution process and successful IT strategy. Its full software service offerings include ERP solutions, DevOps practices, architectural consulting, integration, and middleware services. The company aims to capitalise on the eGovernance opportunity with the state governments and central government departments.
Teacher Transfer Software
One of the marquee projects developed by the client is the Teacher Transfer Software implemented in 2022 by Pune Zilla Parishad. It maps 214000 teachers in zilla parishad schools across 3943 inter-districts and 33913 intra-districts and facilitates automated transfers of teachers. The software is completely automated without any possibility of human intervention. Vinsys incorporated diverse technologies, such as blockchain and AI, into the system to make it robust and foolproof – devoid of biases. The system offers a transparent way of mapping the teacher preference regarding location to the available schools in the vicinity, thereby removing any corruption or malfeasance in the process. The company is expanding its proposition and presence to other states and city corporations. By 2025, the software solutions vertical may account for 20% of the company’s revenues.
IPO Plans in motion
The company filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge earlier this month. The company plans to offer 3.89 million equity shares of Rs 10/- each through book-building. The company has appointed Beeline Capital Advisors as merchant bankers to the issue, while Link Intime India is the registrar to the issue.
