Paramatrix Technologies Limited — Updates, 11-04-2025: Press Release

Paramatrix Technologies Limited has secured a notable service order worth ₹11.18 Cr from a leading rating agency in India. This engagement, spanning three years from April 2025 to March 2028, involves application development and maintenance services for critical applications the agency manages. This deal not only enhances Paramatrix's reputation as a reliable technology partner in the financial services sector but also highlights its capabilities in delivering tailored digital solutions to esteemed institutions.

This contract is seen as a pivotal achievement for the company, reinforcing its commitment to innovation and the provision of client-centric services. CEO Mukesh Thumar emphasized that this collaboration marks a significant milestone in their growth trajectory, further pointing to their strategic aim of expanding in the financial technology space. With the company’s FY24 financials showing a total income of ₹28.60 Cr, a robust EBITDA of ₹5.65 Cr, and a profit after tax of ₹4.13 Cr, investors should watch closely for how this new order will impact future performance and growth prospects.