Genesys International zooms 5% on receiving investment from Malabar India Fund and others

15 Jun 2022 , 02:35 PM

Genesys International Corporation, a leader in 3D Mapping content and geospatial solutions has announced a Rs250 crore round of equity investment, which is intended to accelerate the company’s 3D Digital Twin Content Program.

The content platform which was launched by NITI AAYOG is creating the most state of art mapping content for India thanks to the landmark new geospatial policy, the company said in a filing.

Genesys was the first company in India to launch the street imagery immersive content for all major Indian cities along with an all-India vector map. The Genesys constellation is now India’s largest sensor constellation capable of acquiring terrestrial, oblique and aerial imagery at high speeds and accuracy.

It recently filed for two patents for the 3D mapping environment. The company plans to strengthen its Content As A Service platform creating a business model offering multi vertical applications catering to the emerging needs of India’s digital infrastructure ecosystem The company plans to target its offering to Utilities, Smart Cities, Big-Tech and Digital and E-Commerce sectors.

Speaking about the investment, Sajid Malik Chairman and Managing Director of the company said that ‘This investment will be a key catalyst post the new Indian geospatial policy which has given a major fillip to our capabilities. We believe we will help leapfrog India’s map ecosystem.

At around 2:34 PM, Genesys International Corporation was trading at Rs584.30 per share up by Rs27.8 or 5% from its previous closing of Rs556.50 per share on the BSE.