IT stock under ₹90 jumps 8% after board approved 100% acquisition in Metasys Software

SYNOPSIS: Paramatrix Technologies will acquire 100 percent of Metasys Software for Rs. 14.1 crore, strengthening its global IT service capabilities, expanding its client base, and enhancing revenue through added technical expertise and recurring business.

During Wednesday’s trading session, shares of a company offering software applications and technology solutions for large and medium-sized companies surged nearly 8.3 percent on NSE, following the Board approval of a 100 percent acquisition in Metasys Software Private Limited.

At 01:00 p.m., the shares of Paramatrix Technologies Limited were trading in the green at Rs. 86 on NSE, up by around 8 percent, as against its previous closing price of Rs. 79.4, with a market cap of Rs. 95 crores.

The stock hit its 52-week high at Rs. 111 on 10th January 2025, and is trading at a discount of around 23 percent from its current price levels.

What’s the News:

According to the latest disclosures filed with the NSE, the Board of Paramatrix Technologies Limited has approved the acquisition of 100 percent equity share capital of Metasys Software Private Limited. The transaction involves the purchase of all 11,800 equity shares of Rs. 10 each, held by the two existing shareholders – Ms. Usha Mayya Jambagi, who owns 11,790 shares, and Ms. Giribala Sharma, a nominee shareholder holding 10 shares (collectively, the “Selling Shareholders”). 

To complete the said acquisition, the Board has also approved the execution of a Share Purchase Agreement (SPA) between Paramatrix Technologies, Metasys, and the Selling Shareholders. The acquisition will be carried out for a total consideration of Rs. 14.1 crores.

Metasys Software Private Limited operates in the Information Technology (IT) industry and is focused on delivering software services to global clients. Its core competencies include custom application development using technologies such as Microsoft Dot NET, FileMaker, iOS, PHP, and React, with a strong presence across North America, Europe, and Southeast Asia. For the financial year ending 31st March 2025, the company reported a turnover of Rs. 12.63 crores.

This strategic move is expected to provide Paramatrix Technologies with access to Metasys’s established client relationships, technical expertise, and domain strengths. By integrating Metasys’s capabilities, the Company aims to enhance its service portfolio, broaden its geographic reach, and accelerate revenue growth through the addition of a stable, recurring business pipeline.

The acquisition aligns with Paramatrix’s strategic intent to strengthen and expand its operational footprint both within India and internationally. The transaction will be executed in three tranches over a period of one year from the date of signing the SPA, subject to mutually agreed extensions.

Financials & More:

Paramatrix Tech reported a marginal growth in revenue from operations, experiencing a year-on-year increase of around 2 percent, from Rs. 13.87 crores in H1 FY25 to Rs. 14.08 crores in H1 FY26. Likewise, the company’s net profit increased during the same period, from Rs. 2.35 crores to Rs. 2.9 crores, reflecting a rise of more than 23 percent YoY.

Paramatrix Technologies Limited primarily operates to provide Information Technology (IT) Services for developing software applications and technology solutions for mid to large-scale organisations and deployment of best-of-breed Business Solutions to top-tier domestic and international clients. It serves industries including logistics, media, BFSI, FinTech, manufacturing, healthcare, and real estate.

Written by Shivani Singh

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