This move will make MRSSINDIA the only Market Research Company to be listed on BSE (Bombay Stock Exchange). MRSS INDIA relies exhaustively on usage of technology for data acquisition offering reliability, validity and faster turnaround times to its clients. The key promoters of the company, Sarang Panchal, Managing Director and Raj Sharma, Chairman have deep rooted experience in the said field.
“The Indian Market Research Industry is taking the path that the Software Industry t0ok, as today Indian researchers dominate the global MR space. This is the opportune time for us to enter the capital markets and MRSSINDIA is hoping to pioneer what the Indian software giants did in the 90’s.” stated Raj Sharma, Chairman, MRSSINDIA.com.
Sarang Panchal added, “The listing will give all the stakeholders an opportunity to co-own a market research company that will provide greater transparency, better collaboration avenues and access to richer talent.
The proceeds raised through the IPO are to be utilized for procurement of new technology, working capital requirements and issue expenses.