Alphalogic Techsys, one of India’s fastest growing digital technology startups has successfully delivered 100 per cent returns on its shares in the year 2021. The company recorded 23 per cent growth in its consolidated revenue from INR 5.47 Cr to 6.76 Cr in FY2020-21. In the latest board meeting, the Board of Directors has approved to increase the authorised capital of the Company from INR three crore to INR 10.4 crore. It has also approved a bonus issue to reward its shareholders in the ratio of 27:10. On an upward growth trajectory, the company aims to migrate to the main board of BSE and NSE platforms by the end of 2021.
With customers in over 30 countries, Alphalogic Techsys works with clients ranging from early-stage startups to established small & midsize businesses (SMBs), and Fortune 500 companies. With its turnkey solutions such as product engineering, mobility, artificial intelligence, and cloud computing, Alphalogic Techsys has been a key enabler to its clients, especially in the Fintech and Healthcare sectors.
Anshu Goel, Managing Director, Alphalogic Techsys expressed, “We are excited to take the authorized capital of Alphalogic Techsys Ltd from three crore to 10.4 crore. While we have rapidly expanded our business in India and globally, setting new benchmarks in the industry with our milestone achievements, we look forward to taking the company to the next level. We are thankful to our customers who instilled confidence in our ability to seamlessly deliver and partner with them in their digital transformation journey. We aim to move forward with high vigour and passion to achieve our stated vision of migrating to the Main board of BSE and NSE this year. Our goal is to expand our horizons by consistently delivering value to both our customers as well as stakeholders.”