Genesys International Corporation Ltd receives order from BMC

Genesys International Corporation Ltd, one of the leading homegrown players in mapping technology, has secured a groundbreaking deal with the Brihanmumbai Municipal Corporation (BMC), marking a significant validation of the Genesys New India Map stack . The contract, valued at Rs. 155 Crores marks a significant milestone in advanced mapping technology being used for multiple use cases . Under this agreement, Genesys will provide the development, implementation, and upkeep of a highly accurate 3D city model and map stack for Mumbai and also update the same for 3years The project aims to provide an elaborate and comprehensive overview of the city's landscape to enable precise planning and collaboration among various stakeholders.

Mumbai city is set to witness a huge transformation in its infrastructure and advanced planning that a Digital twin map stack provides will go a long way in the city's governance.

Commenting on the significance of this partnership, Sajid Malik, CMD of Genesys International Corporation Ltd., expressed his enthusiasm, stating, "This contract marks a significant milestone for both Genesys International and the digital transformation of Mumbai. With this monumental opportunity, we look forward to leading Mumbai into a new era of development, where our advanced geospatial solutions will not only redefine urban planning but also foster sustainable growth and an enhanced quality of life for its residents. We are committed to leveraging our expertise in geospatial technology to support the city's development efforts."

The project entails the creation of a unified mapping platform, incorporating various layers such as the 3D reality mesh model , base map with advanced features and street imaging , Digital Surface Model (DSM), Digital Terrain Model (DTM) along with a change detection map. These tools will empower municipal departments, government agencies, and citizens to make informed decisions that contribute to the city's growth.

The initiative holds promise beyond traditional mapping. By harnessing geospatial intelligence, Genesys International aims to revolutionize urban planning, infrastructure development, and emergency response systems in Mumbai. The project aligns with the city's vision of becoming a 'smart city' equipped with advanced technologies for efficient governance and citizen engagement.

Genesys has embarked on a pathbreaking new India map stack which it has also partnered with the Survey of India , India's premier mapping agency.

As Mumbai embarks on this transformative journey towards becoming a truly 'smart city,' Genesys International aims to be at the forefront of these developments as it remains firm in its commitment to driving innovation, sustainability, and inclusive growth through its geospatial services. With the combined expertise of Genesys International and the visionary leadership of BMC, this project is set to redefine the trajectory of Mumbai's technological advancement, laying the groundwork for a future marked by innovation and consistent growth.

The award also has Veritas as a consortium partner.

Shares of Genesys International Corporation Limited was last trading in BSE at Rs. 595.80 as compared to the previous close of Rs. 523.20. The total number of shares traded during the day was 50558 in over 3393 trades.

The stock hit an intraday high of Rs. 599.90 and intraday low of 518.80. The net turnover during the day was Rs. 28799636.00.

Source : Equity Bulls

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