Paramatrix Technologies Limited (NSE: PARAMATRIX) has secured a significant ₹5.41 crore contract for application development and maintenance (ADM) from a national-level market infrastructure institution in the Indian commodities market. The three-year contract, which runs from January 2025 to March 2028, underscores Paramatrix’s growing role in digital transformation and IT services.
The deal highlights Paramatrix’s ability to provide scalable and innovative IT solutions tailored to client needs. The company, known for its expertise in software development, enterprise solutions, and digital transformation, continues to strengthen its position as a trusted technology partner across industries.
Commenting on the deal, Mukesh Thumar, Founder and CEO of Paramatrix, stated that the collaboration aims to enhance operational capabilities and align with the client’s vision for innovation. The company aims to deliver cutting-edge solutions that will help the institution achieve sustainable growth and operational efficiency over the next three years.
In FY24, Paramatrix reported total income of ₹28.60 crore, EBITDA of ₹5.65 crore, and a profit after tax of ₹4.13 crore. This strategic partnership is expected to contribute to the company’s financial and technological advancement.
About Paramatrix Technologies
Established in 2004, Paramatrix Technologies offers IT solutions, custom software, and a range of innovative products across sectors such as finance, healthcare, and education. Known for its emphasis on quality and client-centric services, it has developed flagship products for data management, automation, and analytics.
Disclaimer: Certain statements in this release are forward-looking and subject to risks. The company will not be held liable for any decisions based on forward-looking statements.
