WEF admits Allied Digital as a 2021 New Champion

The World Economic Forum (WEF) has admitted Allied Digital, as a New Champion for 2021.

Link to the report

This is a tremendous recognition for Allied Digital, a leading Global IT managed services provider and digital business transformation architect with operations in 70 countries and wholly owned subsidiaries in 9 countries including Ireland from where we directly manage and support entire European countries. This opens opportunities for Allied Digital to be a part of global initiatives at the Forum which includes leading organizations across the globe. Allied Digital will harness its unique expertise towards the betterment of society and further propelling the fourth industrial revolution. New Champions are a group of 100+ dynamic, high-growth companies that are applying new business models and emerging technologies in their everyday work. The New Champions program is one of the latest, exciting developments in the group's rich history where technology companies can make a difference to the world in the coming years.

"The World Economic Forum's New Champions Community is thrilled to welcome Allied Digital as a member in 2021. With expertise in digital transformation, we believe Allied Digital will be an asset to this community of dynamic companies and we look forward to our continued collaboration." Stephan Mergenthaler, Head of Strategic Intelligence; Member of the Executive Committee, World Economic Forum.

The World Economic Forum since inception in 1971 has been a bastion for global change. With the ethos of "improving the state of the world", the organization has branched into other fields and focuses to make this aim a reality.

Commenting on the membership, Nitin Shah, Chairman and Managing Director of Allied Digital said that "We are happy to be recognized as the New Champion. Allied Digital has been at the forefront of making world a better place through technology solutions in the space of digital workplace management, cloud, cybersecurity, digital business transformation, smart cities, and infrastructure management. With operations across the world, we are pleased to be a part of WEF and offer value to global organizations. This leads to limitless positive outcomes".

Being a New Champion would drive opportunities for Allied Digital across global industries and jointly shape the agenda on key areas of each industry. Allied Digital has been inspired by UN Sustainable Development Goals and the New Champions mission to accelerate the development of ideas and business models into digital products that offer business value and societal impact. Allied Digital is leading the efforts on developing projects that serve Sustainable Development Goals.

As the global business focus moves from shareholders to stakeholders, long-term value creation has become a strategic advantage. The transformation journey that Allied Digital embarked on, seems to pay dividends with many noteworthy recognitions. A recent accolade for Allied Digital has been the PinkVERIFY® certification, a global standard that indicates a highest level of alignment with accepted service governance processes and practices.

Shares of Allied Digital Services Limited was last trading in BSE at Rs. 115.15 as compared to the previous close of Rs. 117.35. The total number of shares traded during the day was 41660 in over 1068 trades.

The stock hit an intraday high of Rs. 122.15 and intraday low of 114.50. The net turnover during the day was Rs. 4910712.00.

Source : Equity Bulls

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