Domestic AI Company Announces MoU in Key Areas of Big Data Analytics, AI, Blockchain, and More Image source: Canva
Yudiz Solutions, an Ahmedabad-based company specializing in the development of games, Blockchain applications and AI/ML, has signed a Memorandum of Understanding (MoU) with Nirma University. The company which obtained a listing on the NSE Emerge platform in August 2023 offers cost-effective and scalable solutions with a focus on innovative contributions in IoT solutions, IT strategy and consulting. The new collaboration marks an important step in promoting collaborative research and development opportunities between industry and academia.
During Wednesday’s trading session, shares of the company settled at Rs 137 a piece on the NSE, reflecting an increase of 0.18 per cent. Yudiz Solutions’ impressive clientele includes well-known names such as Akasa Air, Nestle, Zydus, Cera, RR Kabel, CricTracker, Allen, NEC, Groupon, etc.
The collaboration aims to advance key technology areas such as big data analytics, artificial intelligence, blockchain, cybersecurity, embedded systems security, sensor networks and AR/VR. Pratik Patel, Managing Director, Yudiz Solutions, expressed the importance of the MoU, saying: “The development underlines the company’s commitment to remaining at the forefront of technological advancements in synergy with the expertise of the department of in Computer Science and Engineering from Nirma University. »
Yudiz Solutions reported strong financial performance in FY23, with operating revenue reaching Rs 2,731.45 lakhs, a notable increase from Rs 1,875.98 lakhs in FY22 and Rs 1,282.67 lakhs in FY21. The company recorded a profit before tax (PBT) of Rs 361.66 lakhs in FY23, compared to Rs 116.67 lakhs in FY22 and Rs 80 .73 lakhs for FY21. Earnings per share (EPS) for FY23 stood at 7.47, highlighting the company’s steady growth trajectory.
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