Ceinsys Tech Ltd Raises Rs 235 Crore for Global Expansion

Ceinsys Tech Ltd has secured Rs 235 crore through preferential allotment of equity shares and share warrants. The funds will support the company's expansion, both inorganically and internationally. US-based Rare Capital has invested Rs 125 crore. Ceinsys offers geospatial, enterprise, and engineering solutions globally.

Ceinsys Tech Ltd announced on Tuesday that it has raised Rs 235 crore (USD 28 million) through a preferential allotment of equity shares and share warrants.

The substantial capital boost will support the company's growth through inorganic expansion and enhance its international footprint by broadening its services portfolio in overseas markets, the company stated.

"Ceinsys Tech Ltd has successfully allotted equity shares and share warrants to raise Rs 235 crore," the company confirmed.

A noteworthy portion of this investment, Rs 125 crore (USD 15 million), comes from the US-based Rare Capital, a firm renowned for backing emerging growth companies.

Rare Capital's significant investment underlines their strong belief in Ceinsys Tech's potential.

Specializing in geospatial, enterprise, and engineering solutions, Ceinsys serves both private and government sectors across utilities, infrastructure, natural resources, and manufacturing.

Ceinsys boasts a global presence with offices in India, the USA, UK, Singapore, and Germany.

"By leveraging Ceinsys's core expertise and focusing on high growth sectors like geospatial, engineering research, and technology enablement services, we have great confidence in the company's ability to execute its global growth strategy," said Sagar Meghe, Promoter and Chairman of Ceinsys Tech.

(With inputs from agencies.)