Latest news with #Giesecke+Devrient
Time of India
16-06-2025
- Business
- Time of India
India plays active role in R&D, support functions, says G+D's digital chief
NEW DELHI: German Internet of Things (IoT) company, Giesecke+Devrient ( G+D ), said it is investing to grow its headcount and local research and development (R&D) capabilities. 'The skills and talents we find in India are attractive to us. We are also further investing in our R&D skills in India, and in our support functions, such as IT, like security. So India plays an active role in our overall strategy,' Gabriel von Mitschke-Collande, chief digital officer (CDO), G+D, told ETTelecom in an exclusive interview. He, however, declined to divulge specific details and statistics. The privately held company does not release financials. Global companies, such as G+D, MediaTek , and Qualcomm , that operate across the IoT value chain, are benefiting from the Central government's initiatives such as the advanced metering initiative (AMI) for converting conventional electricity meters into smart prepaid meters, the automobile industry's move towards connected cars and electric vehicles (EVs), as well as, smart agriculture and AIS 140-supported asset tracking. The executive said Indian digital chief executives are prioritising the automation of internal processes, innovation of new services and products, and how to capture opportunities driven by disruptive technologies, including artificial intelligence (AI). Mitschke-Collande said G+D is tapping into AI, and has deployed a ChatGPT tenant to drive knowledge management and training for employees. The maker of physical SIMs is also leveraging the technology to enhance its products and services, and using data and analytics to provide insights for customers. He added that despite the upsides, misuse of AI and generative AI by malicious actors can contribute to fraud incidents. 'It is a tool which helps all of us, but manual intervention is always needed. AI has a positive and negative impact. A user needs to be aware of both dimensions,' the executive said. Market tracker Counterpoint Research said in a report recently that shipments of cellular IoT modules in India grew strongly by 32% year-on-year in the January to March quarter of 2025, fueled by the government's AMI programme, which seeks to replace 250 million electricity meters with smart prepaid meters across state-owned DISCOMs. By contrast, the global shipments were up by 16%. Recounting India's AgriStack programme for smart agriculture, which was approved by the Narendra Modi government last year, the executive said it has the potential to contribute to the IoT industry's growth in the country. 'Again, IoT is driven by the use case. So whenever connectivity helps give insight into processes, quality, and quantity, then it helps. This is relevant in agriculture, which is a huge industry in India, and is also probably a very interesting, interesting field of technology.'Mitschke-Collande said. As per the executive, the analysis of data generated from IoT devices for specific use cases, can help enterprises take more informed decisions. 'It is about collecting the right data in the right structure. And once you have done so, then you can build your analysis, and then you can get the magic out of the data, which we are all aiming for,' he added. G+D, which manufactures some products and equipment in India, said it is 'satisfied' with its production activities.
Business Recorder
30-04-2025
- Business
- Business Recorder
SPL announces increased profit for 9 months ended FY25
KARACHI: Security Papers Limited (SPL) has reported a gross profit of Rs 1.599 billion for the nine months ended March 31, 2025, up from Rs 1.483 billion in the same period last year, with an increase of 8 percent. This demonstrates the company's ability to maintain strong financial performance. According to un-audited financial results announced by the company, the SPL's profit before taxation stood at Rs 1.790 billion, reflecting a 2 percent increase from Rs 1.756 billion in the previous year, showcasing SPL's strong operational efficiency and strategic initiatives. Additionally, profit after taxation was reported at Rs 1.101 billion, reflecting a 2 percent increase from Rs 1.083 billion during the same period last year. Aftab Manzoor, Chairman of SPL, commented on the results said that the increase in net sales, gross profit, and profit before and after taxation reflects the success of our strategic initiatives and the dedication of our team. 'We remain focused on delivering sustainable growth and creating value for our stakeholders, he added. It may be mentioned here that SPL recently signed a Memorandum of Understanding (MoU) with Giesecke+Devrient (G+D) for the upgradation and modernization of its existing paper machine PM-2. This strategic move aligns with the State Bank of Pakistan's initiative to introduce a new banknote series with enhanced security features in line with international standards, enabling SPL to produce banknote paper with advanced security features tailored to key customer requirements. Copyright Business Recorder, 2025
