Sellwin Traders Ltd signs strategic partnership MOU with Global Market Insights IT Services LLC, Dubai

Sellwin Traders Ltd (BSE - 538875) has entered into a Memorandum of Understanding (MOU) with Global Market Insights IT Services LLC (GMIIT), Dubai, to form a strategic business partnership aimed at expanding and strengthening GMIIT's operations in the Gulf region.

As per the MOU, Sellwin Traders Limited will make a controlling investment of more than 51% equity in GMIIT for around USD 1 million (Approx. Rs.8.5 crore), thereby making the Dubai-based company its subsidiary. The collaboration marks a significant step in Sellwin's diversification strategy, while providing GMIIT the necessary financial and strategic support to scale up its operations across the Gulf market. Sellwin expects Return on Investment (ROI) of 7% or more per annum from this partnership.

The MOU will remain valid for six months or until the execution of a definitive agreement, whichever is earlier.

The partnership will focus on expansion of IT services, market research, consulting, and digital solutions. In Gulf region. Both companies will jointly invest in developing business infrastructure, resources, and a strong client base. The agreement also envisions joint branding and marketing efforts to strengthen visibility and credibility in the region.

The investment by Sellwin Traders Limited may be structured in cash, in kind, or through a share swap arrangement, subject to mutually agreed terms. The transaction will undergo comprehensive financial, legal, and operational due diligence of GMIIT and will be carried out in compliance with applicable corporate, foreign exchange, and securities laws of both India and the UAE.

Commenting on the development, Mr. Monil Vora, Director, Sellwin Traders Limited, said, "This strategic investment in GMIIT reflects our vision of expanding into high-growth, future-ready sectors. The Gulf region is a hub of digital transformation, and through this partnership, we aim to create a strong platform for delivering innovative IT and consulting solutions to global clients. GMIIT is providing the service and having the associated platform in India, Qatar, Canada, UK and KSA."

Under the terms of the partnership, Sellwin Traders Limited will have the right to appoint majority directors to the board of GMIIT. Key management roles will be finalized in consultation with both parties, ensuring seamless execution of the growth strategy.

Global Market Insights IT Services LLC, headquartered in Dubai, is a high-tech IT services firm specializing in Artificial Intelligence, Blockchain Development, Cybersecurity, Website Development, Digital Marketing, and Custom Application Development. The company has been at the forefront of enabling digital transformation for businesses across industries.

For the Q1FY26 ended June 2025, company reported net profit of Rs. 3.14 crore, rise of 350% as compared to the net profit of Rs. 70 lakh in the corresponding period last year. Revenue from operation for Q1FY26 was reported at Rs. 21.85 crore, 31.4% higher as compared to the revenue of Rs. 16.63 crore reported in Q1FY25. For FY24-25, company reported net profit of Rs. 2.79 crore and revenue from operations of Rs. 74.28 crore.

In the board meeting dated 31st July, board of directors approved raising of funds through the issue and allotment of up to 4.75 crore warrants at a minimum price of Rs.8.40 per warrant to fund its expansion plans.

Source : Equity Bulls

Keywords

SellwinTraders MOu GlobalMarketInsightsITServicesLLC Dubai