Vinsys IT Services India Limited — Updates, 27-12-2024: Press Release

Vinsys IT Services India Limited is capitalizing on the growing AI skilling demand in the Middle East, opening its second office in Dammam, Saudi Arabia. With six offices across four countries, the region accounts for 25% of its revenues. The company has partnered with a major local investment firm as its Digital, IT, and AI partner, introducing several proof of concepts to enhance its AI strategy and Automation Framework.

Additionally, Vinsys is set to establish a new office in Oman, strengthening its regional footprint. The company's proactive approach aligns with Saudi Arabia's ambitious Project Transcendence, a $100 billion initiative aimed at advancing AI and technology capabilities.

In its recently released H1FY25 results, Vinsys reported a consolidated revenue increase of 16.3% to ₹92.11 crore, compared to ₹79.23 crore in H1FY24, while EBITDA soared 53.04% to ₹15.35 crore. This robust performance underscores a positive outlook as Vinsys positions itself strongly in a fast-evolving market.