Saksoft Limited — Important, 30-01-2025: General Updates

Saksoft Limited has completed the acquisition of Zetechno Products and Services Private Limited, a ServiceNow Premier Consulting and Implementation Partner based in Hyderabad, with a reported turnover of approximately Rs. 3.33 crores for the fiscal year ending March 31, 2024. This strategic move aims to enhance Saksoft’s capabilities in IT Service Management and related ServiceNow platform services. The company has acquired 100% equity interest in Zetechno for a total cash consideration of Rs. 3 crores. This venture aligns with Saksoft’s growth strategy in the IT/ITes sector, positioning the company for potential growth in service offerings without requiring any regulatory approvals. Shareholders should view this acquisition as a positive development to strengthen market presence and boost service capabilities.