Cyient retains leadership position in Engineering and R&D Services by Zinnov for the 7th consecutive year

Cyient, a global digital engineering and technology solutions company, has been named as an "established and expansive player" in the Zinnov Zones annual ratings for overall ER&D services as well as in the digital engineering services ratings for 2020. This is the seventh consecutive year that the company has been placed in the top quadrant in the overall ER&D services category. Within ER&D services, Cyient maintained its "leadership" position in the aerospace, industrial, medical devices, telecom, and the software-defined network-NFV verticals.

Zinnov, a leading global management and strategy consulting firm, assessed 60 global engineering R&D services companies based on specialization, R&D practice maturity, innovation and IP, ecosystem linkages, and customer input. The Zinnov Zones ratings provide a holistic 360-degree assessment of service providers and have become the industry standard for benchmarking across capabilities.

Cyient was also placed in the "established and niche player" quadrant for IoT services, an annual rating from Zinnov for global technology service providers. The ratings have been structured to evaluate the service provider community extensively for their IoT prowess, for both overall IoT services and specific use-cases.

Speaking on the recognition, Karthikeyan Natarajan, President and Chief Operating Officer of Cyient, said, "This leadership positioning is a testimony to Cyient's capabilities, domain knowledge, and perseverance in creating value for customers in the digital engineering R&D and IoT services space. The recognition is especially commendable in a year that has been wrought with unprecedented challenges. We have stayed focused on delivering consistent ROI and staying ahead of the technology curve."

"Cyient is an established leader for ER&D services across multiple verticals with a global client base. For the seventh consecutive year, it has been recognized as a leader for ER&D services by Zinnov Zones. Its design-led manufacturing (DLM) approach has helped transform the performance of its client's products and services. The firm's multiple wins in verticals such as aerospace, automotive, medical devices, and telecom in the last 12 to 18 months have helped improve its market positioning for ER&D services. With a strong focus on architecting smarter and connected products and systems and re-engineering the platform lifecycle, Cyient is poised to grow further and enhance its competitive positioning," said Sidhant Rastogi, Managing Partner and Practice Head, Zinnov.

Shares of Cyient Limited was last trading in BSE at Rs.547.3 as compared to the previous close of Rs. 530.9. The total number of shares traded during the day was 32364 in over 897 trades.

The stock hit an intraday high of Rs. 548.65 and intraday low of 527.7. The net turnover during the day was Rs. 17543349.

Source : Equity Bulls

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