Paramatrix Technologies Ltd IPO

About Paramatrix Technologies Ltd

Our Company was incorporated as Paramatrix Technologies Private Limited on March 08, 2004 under the Companies Act, 1956 with the Registrar of Companies, Maharashtra at Mumbai bearing Registration number 144890. The status of the Company was changed to public limited and the name of our Company was changed to Paramatrix Technologies Limited vide Special Resolution dated November 07, 2023 pursuant to conversion of the Company into public limited Company. The fresh certificate of incorporation consequent to conversion was issued on November 22, 2023 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U72200MH2004PLC144890.

The Information Technology (IT) industry stands as the driving force behind the contemporary digital era, orchestrating an unprecedented technological revolution that has permeated every facet of our daily lives. In this intricate tapestry of innovation, the IT sector encompasses a vast array of disciplines, ranging from hardware and software development to cutting-edge technologies like artificial intelligence, cloud computing, and the Internet of Things. At its core, the IT industry is the engine propelling the evolution of global economies, reshaping business paradigms, and redefining the parameters of human connectivity. In an era where the convergence of computing power, data analytics, and connectivity is reshaping the world, the IT industry is not merely a collection of companies; it is an ecosystem of ideas, creativity, and problem-solving. From the monumental strides in computational capabilities to the democratization of information through the internet, the industry has consistently redefined what is possible, setting the stage for the interconnected, data-driven world we inhabit today. While FY2022 was a year of milestones and resurgence-an outlier for the Indian technology industry, FY2023 has been the year of continued revenue growth with a focus on strengthening industry fundamentals and building on trust and competencies. The volatile global economic scenario and impending recession continues to support the demand for technology adoption and digital acceleration. Consequently, technology continues to be a strategic imperative that is a critical component of business innovation and transformation, as well as a source of improving operational and cost efficiencies. In FY2023, India's technology industry revenue including hardware is estimated to cross $245 Bn (8.4% y-o-y growth), an addition of $19 Bn over last year. Exports, at $194 Bn, are expected to grow at 9.4% in reported currency terms, and 11.4% in constant currency terms. Domestic technology sector is expected to reach $51 Bn, growing at 4.9% y-o-y. In rupee terms, domestic tech revenues is expecting a 13% y-o-y growth on the back of continued investments by enterprise and the government. The industry continues to be a net hirer, adding nearly 3 lakh employees, taking the total employee base to ~5.4 Mn (5.7% y-o-y growth), strengthening its position as the 'Digital Talent Nation' for the world.

Located in Mumbai, established in 2004, Paramatrix Technologies Limited (formerly known as Paramatrix Technologies Private Limited) is a ISO 9001:2015 and ISO 27001:2013 certified company. We are a IT Software Services Company, focusing on making software applications and technology solutions for large enterprises and mid-size businesses. We have successfully served clients in BFSI sector, Retail, Manufacturing, Sports, Pharmaceuticals, and Logistics. Paramatrix, backed by its promoters and employees, possesses extensive knowledge and expertise in Digital Transformation, development of software applications & implementation of technology solutions, covering various platforms and frameworks such as Microsoft.Net, Microsoft SQL, Microsoft Azure Cloud, AWS Cloud, Cross-Platform Mobile Application Development Technologies, Open-Source Technologies (Java, Python etc) and more. To serve customers better, Paramatrix has aligned and categorized Digital Transformation Services and Managed Services as its two focused service line pillars. With a unique blend of domain knowledge, technological expertise, and project management proficiency, we are well-equipped to execute projects successfully.

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