Summary:
After successfully adopting PM Narendra Modi`s Digital India campaign with 100% cashless township, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), plans to cross the borders expanding their business in Africa and Western Asia with its technical division.
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Previous financial year (FY17) has been a successful year for Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), marking 40 percent rise in its bottom line and 30% growth in its annual turnover., it plans to take forward its information technology division, (n)Code Solutions across the borders.
With e-governance project’s contribution in the domestic market, the IT division registered a growth of 29.45 percent and FY17 marked its annual turnover to be Rs 189 crore from Rs 146 crore, 43 crores more than last year.
Their net profit also showed a rise of 37.84 percent with 51 crores from 37 crores.
Compelled by the above stats, the (n) Code Solutions plans to reach the markets of Africa and Asia.
Managing Director Rajiv Kumar Gupta, GNFC speaking of expansion of business overseas shares that, the basic revenue growth came from e-governance, even though the digital signature and e-procurement business also posted growth.
They plan to continue to participate in e-governance while are looking to go international with e-governance projects in African and West Asian markets as well as in e-procurement.
Talking to a leading e-portal Rajiv Kumar Gupta says “We have procured some prestigious projects in e-governance, including the transport department management project from Maharashtra as well as Ahmedabad Janmarg Ltd in Gujarat, and the land record project in Rajasthan.
In case of digital signatures, too, we have registered a healthy growth.
We also have the data centres business, where we are expanding with more number of data centres being set up across the country,”
The growth is the result of a number of new initiatives in different areas like smart cities, intelligent transportation, system integration, geographical information systems, security and surveillance, and digital mapping and surveys.