Paramatrix Powers Ahead: ₹15 Cr Service Order Fuels Tech Momentum

Paramatrix Technologies Ltd has secured a new domestic service order worth ₹15 million, reinforcing its position as a trusted IT

solutions provider in India’s financial services sector. The contract, awarded by a leading credit rating agency, covers application development and maintenance services for multiple mission-critical platforms and will run from April 2025 to March 2028.

 

This win builds on Paramatrix’s earlier ₹11.18 crore engagement with the same client, signaling continued confidence in the company’s ability to deliver scalable, secure, and high-performance digital solutions. The scope includes backend architecture upgrades, UI/UX enhancements, and real-time analytics integration—key components for modernizing legacy systems in the rating industry.

 

The announcement triggered a 4.66% rally in Paramatrix’s share price, which rose to ₹92 on the BSE, reflecting investor optimism about the company’s growth trajectory. Despite a 47.8% dip in FY24 net profit due to macroeconomic headwinds, Paramatrix has maintained a strong order book and is actively expanding its footprint across BFSI and government tech verticals.

 

Key Highlights:

With this deal, Paramatrix continues to demonstrate resilience and relevance in India’s evolving digital infrastructure landscape.

 

Sources: Business Standard, Devdiscourse, MoneyWorks4Me