Hyderabad, November 11, 2022: Raminfo to foray into Eastern Region, Registers Rs 1.96 crore profit on revenue of Rs 19.54 crore Income in Q2FY23

RAMINFO Limited, a leader in eGovernance in South and a Technology Solutions provider with a legacy of over 25 years, has announced that it has registered a net profit of Rs 1.96 crore on a revenue of Rs 19.54 crore for the second quarter ended September 2022. The company had for the same period year before, registered a profit of Rs 1.96 crore on an Income of Rs 28.61 crore. Owing to improved profit margins, Raminfo was able to maintain the same profit level despite marginal lower income during the current financial quarter. Raminfo is also gearing up to open a regional office in Kolkata to cater to the Eastern region.

“We are glad to announce our foray into Eastern region and towards this end we will open a regional office in Kolkata to cater to this region. We have bagged Rs 5 crore orders during this quarter and are hopeful of getting further good orders in eGovernance and Energy Vertical by FY24 from North Easter states, West Bengal, and Odhisa,” Mr Srinath Reddy Lingamdinne, managing director, Raminfo Ltd, said.

Raminfo has won a tender for supply, set-up and Maintenance of Mobile CSC (Common Service Centre) in the North-Eastern States. The company expects that these projects will pave a way for many other E-Governance projects in the North-Eastern States, thereby improving its topline and bottom-line.

Raminfo has been the digital transformation partner of choice for governments and companies. The company has started out as an innovative provider of e-Governance solutions at the dawn of the IT revolution. Its eSevaservices are widely acknowledged as a game-changer in delivering citizen services. Over the years, it has expanded its portfolio to work with clients in sectors as diverse as government, fintech, healthcare, energy, IOT Analytics & Engineering services.

By Prabeen