Latest news with #GACMTechnologies
Time of India
7 hours ago
- Business
- Time of India
GACM Technologies to acquire 30% stake in AI edtech firm WeXL
GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday. "The projected valuation of the deal is estimated to be Rs 500 crore," GACM Technologies said in the filing. The Telangana-based financial technology company said it aims to leverage WeXL's existing dataset and platform to strategically transition into building an advanced AI agent framework. The deal will help GACM Technologies diversify into the fast-expanding education and GovTech segment with government orders, long-term contracts, and high-margin solutions, it added. The target has a confirmed order book of over Rs 30 crore, including Rs 25 crore from the Delhi government and Rs 5 crore from the Tamil Nadu government. It has a portfolio of five registered patents, including AI-based subjective answer correction, offline AI learning systems, and English proficiency assessments, the filing stated. Live Events "WeXL is also in discussion with CBSE for over Rs 200 crore tender-based deployment across 30,000-plus schools," the filing said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories WEXL Edu is an education technology firm engaged in delivering AI-enabled academic solutions across India.
Mint
10 hours ago
- Business
- Mint
Penny stock below Re 1 hits upper circuit after THIS acquisition update
GACM Technologies share price hit 5% upper circuit on Wednesday after the company announced the acquisition of 30% stake in education technology firm WEXL Edu Private Limited. The penny stock was locked-in at 5% upper circuit of ₹ 0.99 apiece on the BSE. GACM Technologies said it has entered into a definitive agreement to acquire a 30% equity stake in WEXL Edu Pvt Ltd, an emerging AI-driven EdTech and education data company with rapidly expanding government and institutional presence. WEXL is an education technology firm engaged in delivering AI-enabled academic solutions across India. It focuses on scalable, personalized learning and assessment platforms with national-level implementation potential. It has over ₹ 30 crore confirmed order book including ₹ 25 crore from Delhi Government and ₹ 5 crore from Tamil Nadu Government, GACM Technologies said in a regulatory filing on June 25. The transaction delivers multiple strategic and financial advantages to GACM Technologies, including diversification into High-Growth EdTech Sector, access to Nation-Scale Opportunities, IP-Driven expansion strategy, financial upside from margins and scale, and alignment with National Digital Vision. WEXL's operating margins in secured projects exceed 80%, and the company runs an extremely lean model with scalable digital delivery infrastructure, GACM Technologies said. GACM Technologies share price has gained 25% in one month and more than 52% in three months. On a year-to-date (YTD) basis, the penny stock has rallied 27%, while it has fallen 5% in the past one year. However, GACM Technologies shares have jumped 68% in three years and delivered multibagger returns of 120% in the past five years. At 12:35 PM, GACM Technologies share price was still locked at 5% upper circuit of ₹ 0.99 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
14-06-2025
- Business
- Business Standard
GACM Technologies allots Equity shares
Pursuant to Right IssueThe Rights Issue committee of GACM Technologies on 14th June 2025 has approved the allotment of 42,21,68,122 Rights Equity Shares of face value of ₹1/- each at a price of ₹1/- per Rights Equity Share and 7,14,47,440 Rights EQ-DVR of face value of ₹1/- each at a price of ₹1/- per Rights EQ by Capital Market - Live News
Business Standard
27-05-2025
- Business
- Business Standard
GACM Technologies consolidated net profit rises 430.30% in the March 2025 quarter
Sales rise 120.00% to Rs 4.84 crore Net profit of GACM Technologies rose 430.30% to Rs 1.75 crore in the quarter ended March 2025 as against Rs 0.33 crore during the previous quarter ended March 2024. Sales rose 120.00% to Rs 4.84 crore in the quarter ended March 2025 as against Rs 2.20 crore during the previous quarter ended March 2024. For the full year,net profit rose 264.60% to Rs 4.12 crore in the year ended March 2025 as against Rs 1.13 crore during the previous year ended March 2024. Sales rose 82.86% to Rs 13.66 crore in the year ended March 2025 as against Rs 7.47 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 4.842.20 120 13.667.47 83 OPM % 56.6134.55 - 43.4833.07 - PBDT 3.370.52 548 6.551.88 248 PBT 2.640.33 700 5.081.14 346 NP 1.750.33 430 4.121.13 265
