Equippp Social Impact Technologies Limited — Important, 20-03-2025: Updates

Equippp Social Impact Technologies Limited has acquired 51% equity shares (10,409 shares) in Technogen India Private Limited, making it a subsidiary. Technogen, with a turnover of ₹26.4 crore and a net profit of ₹1.4 crore for FY 2023-24, specializes in staffing solutions and digital services in sectors like Banking, Healthcare, and EdTech. This acquisition aims to enhance Equippp’s IT vertical and address the growing needs of Global Capability Centers (GCCs) in India. The total cost of the acquisition amounted to ₹1.25 crore at a price of ₹1,200.88 per share, with the consideration paid entirely in cash. This strategic move positions Equippp to leverage Technogen's expertise and expand its service offerings, presenting a positive outlook for future growth in the IT sector.