Latest news with #MouriTech
The Hindu
4 days ago
- Business
- The Hindu
AI won't kill IT jobs: Experts
Inspite of the growing influence of Artificial Intelligence (AI) in the IT sector, career opportunities for young professionals will continue to be available, said experts at the students induction programme held at Avanthi College, Cherukupally in Vizianagaram on Monday. Avanthi Group of Colleges Director A. Chandra Sekhar and Mouri Tech Lead Expert (AI-Driven Development) Vasu Singampalli advised students to upskill in key areas such as— Python, Java, Machine Learning, Cloud Computing and AI to secure a bright future. Mr. Chandra Sekhar said that digital penetration and changes in technology in all sectors would create new job opportunities for students. Mr. Vasu asked students to focus and strengthen their technical skills in their chosen engineering branches to meet industry expectations during campus placement drives. JNTU-GV-Vizianagaram professor Bindu Madhuri said, 'The University and its affiliated engineering colleges have been focusing on developing infrastructure and establishing well-equipped laboratories to enable students to stay abreast with global trends in IT and other sectors. Brahmakumari's trainer Madhuri advised students to manage stress effectively, warning that tension and anxiety would affect their academic performance and confidence. College Principal B. Murali Krishna along with other faculty members were present.
Mint
07-05-2025
- Business
- Mint
IPO Watch: Mouri Tech refiles draft papers for ₹1,500 crore IPO
Mouri Tech Limited, a provider of IT Solutions and Services, has submitted its Draft Red Herring Prospectus (DRHP) again to the Securities and Exchange Board of India (SEBI) for a capital raise of ₹ 1,500 crore through an initial public offering (IPO). The company initially filed its DRHP in September 2024. Mouri Tech specializes in IT solutions and services, adopting an 'AI first' strategy with a focus on comprehensive capabilities in intelligent enterprise resource planning ('iERP') and enterprise digital transformation. It operates through four primary practice areas: iERP, enterprise digital transformation, infrastructure services, and program management. Mouri Tech caters to clients across a variety of sectors, including business services, energy and utilities, public sector and non-profit, professional services, hospitality, media and entertainment, manufacturing, life sciences, logistics and transportation, and has a global footprint that spans the USA, Europe, the Middle East and Africa ('EMEA'), and India. In India, the company has locations in Hyderabad (Telangana), Bengaluru (Karnataka), Chennai (Tamil Nadu), Visakhapatnam (Andhra Pradesh), Kolhapur (Maharashtra), and Indore (Madhya Pradesh). Internationally, it maintains offices in Irving (Texas) and Fremont (California) in the USA, Scarborough (Ontario) in Canada, and in countries such as Singapore, South Africa, Germany, the United Kingdom, Philippines, Australia, and the UAE, all managed through its subsidiaries. The IPO, priced at a face value of ₹ 10 per share, comprises a combination of a fresh issue of up to ₹ 250 crore and an offer for sale (OFS) amounting to ₹ 1,250 crore from Promoter and Other Selling Shareholders. The Offer for Sale includes Sujai Paturu and Anil Reddy Yerramreddy, who are the Promoter Selling Shareholders, selling shares worth up to ₹ 726.30 crore and ₹ 370.60 crore, respectively. Additionally, Srinivasu Rao Sandaka and other selling shareholders plan to sell shares up to ₹ 153.10 crore. The funds raised from the fresh issue will be directed towards investment in one of its Material Subsidiaries, MT USA, for the repayment or prepayment of certain outstanding borrowings obtained by the company, including the accrued interest, as well as for facilitating inorganic growth through undisclosed acquisitions and general corporate purposes. Nuvama Wealth Management Limited, ICICI Securities Limited, and JM Financial Limited serve as the book-running lead managers, while MUFG Intime India Private Limited acts as the registrar for the issue. The equity shares are intended to be listed on both the National Stock Exchange of India Limited and BSE Limited.
Economic Times
07-05-2025
- Business
- Economic Times
Mouri Tech refiles DRHP with Sebi for Rs 1,500 crore IPO; check details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mouri Tech has refiled its Draft Red Herring Prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (SEBI), to raise Rs 1,500 crore through an initial public offering ( IPO ).Previously, the company had filed its DRHP in September 2024. The IPO, with a face value of Rs 10 per share, is a mix of a fresh issue of up to Rs 250 crore and an offer for sale (OFS) up to Rs 1,250 crore by the promoter and other selling offer for sale includes the promoter selling shareholders Sujai Paturu and Anil Reddy Yerramreddy, who plan to sell shares worth up to Rs 726.30 crore and Rs 370.60 crore, respectively. Additionally, Srinivasu Rao Sandaka and other shareholders will sell shares worth up to 153.10 company, in consultation with the book-running lead manager, may consider a pre-IPO placement aggregating up to Rs 50 proceeds from the fresh issue will be utilised for investment in one of its material subsidiaries, MT USA, for the repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company, including payment of the interest accrued thereon and funding inorganic growth through unidentified acquisitions and general corporate offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional investors and retail individual investors, respectively. Nuvama Wealth Management Limited , ICICI Securities Limited, and JM Financial Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar to the issue. The equity shares are proposed to be listed on the National Stock Exchange of India and the Tech is an IT solutions and services company, delivering services with an 'AI first' approach and a focus on end-to-end capabilities in intelligent enterprise resource planning ('iERP') and enterprise digital operates across four practice areas: iERP, enterprise digital transformation, infrastructure services, and program company's portfolio includes in-house developed digital assets that encompass industry, business processes, and technological expertise, and are further classified into templates, accelerators, frameworks, tools, products, process maps, best practices, performance metrics, industry solutions, assessments, and acquired 119 new customers in the nine months ended December 31, Tech serves customers that operate across industries such as business services, energy and utilities, non-profit and public sector, professional services, hospitality, media and entertainment, manufacturing, life sciences, logistics and transportation and has a presence in the USA, Europe, the Middle East and Africa ('EMEA') and it is located in Hyderabad (Telangana), Bengaluru (Karnataka), Chennai (Tamil Nadu), Visakhapatnam (Andhra Pradesh), Kolhapur (Maharashtra) and Indore (Madhya Pradesh). Internationally, it has offices in Irving (Texas) and Fremont (California) in the USA, Scarborough (Ontario) in Canada and in Singapore, South Africa, Germany, the United Kingdom, Philippines, Australia and the UAE that are operated through its Tech Ltd. had an employee base of 2,983 people as of December 31, 2024. It was also ranked 18th among the top 100 best companies to work for in India by the Great Place to Work Institute in 2023. As of December 31, 2024, Mouri Tech had 554 active customer accounts.
Mint
07-05-2025
- Business
- Mint
IPO Watch: Mouri Tech refiles draft papers for ₹1,500 crore IPO
Mouri Tech Limited, a provider of IT Solutions and Services, has submitted its Draft Red Herring Prospectus (DRHP) again to the Securities and Exchange Board of India (SEBI) for a capital raise of ₹ 1,500 crore through an initial public offering (IPO). The company initially filed its DRHP in September 2024. Mouri Tech specializes in IT solutions and services, adopting an 'AI first' strategy with a focus on comprehensive capabilities in intelligent enterprise resource planning ('iERP') and enterprise digital transformation. It operates through four primary practice areas: iERP, enterprise digital transformation, infrastructure services, and program management. Mouri Tech caters to clients across a variety of sectors, including business services, energy and utilities, public sector and non-profit, professional services, hospitality, media and entertainment, manufacturing, life sciences, logistics and transportation, and has a global footprint that spans the USA, Europe, the Middle East and Africa ('EMEA'), and India. In India, the company has locations in Hyderabad (Telangana), Bengaluru (Karnataka), Chennai (Tamil Nadu), Visakhapatnam (Andhra Pradesh), Kolhapur (Maharashtra), and Indore (Madhya Pradesh). Internationally, it maintains offices in Irving (Texas) and Fremont (California) in the USA, Scarborough (Ontario) in Canada, and in countries such as Singapore, South Africa, Germany, the United Kingdom, Philippines, Australia, and the UAE, all managed through its subsidiaries. The IPO, priced at a face value of ₹ 10 per share, comprises a combination of a fresh issue of up to ₹ 250 crore and an offer for sale (OFS) amounting to ₹ 1,250 crore from Promoter and Other Selling Shareholders. The Offer for Sale includes Sujai Paturu and Anil Reddy Yerramreddy, who are the Promoter Selling Shareholders, selling shares worth up to ₹ 726.30 crore and ₹ 370.60 crore, respectively. Additionally, Srinivasu Rao Sandaka and other selling shareholders plan to sell shares up to ₹ 153.10 crore. The funds raised from the fresh issue will be directed towards investment in one of its Material Subsidiaries, MT USA, for the repayment or prepayment of certain outstanding borrowings obtained by the company, including the accrued interest, as well as for facilitating inorganic growth through undisclosed acquisitions and general corporate purposes. Nuvama Wealth Management Limited, ICICI Securities Limited, and JM Financial Limited serve as the book-running lead managers, while MUFG Intime India Private Limited acts as the registrar for the issue. The equity shares are intended to be listed on both the National Stock Exchange of India Limited and BSE Limited. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
