During Thursday’s trading session, the shares of a leading innovator in technology and education surged 3.5 percent to Rs. 92.6 on NSE, after the company announced expanding its operations in the Middle East market.
At 12:43 p.m., the shares of Quicktouch Technologies Limited were trading in the green at Rs. 92, up by nearly 2.8 percent, as against its previous closing price of Rs. 89.45, with a market cap of Rs. 58.2 crores.
What’s the News
According to the latest regulatory filings with the NSE, Quicktouch Technologies Limited incorporated a wholly owned subsidiary, Quicktouch Technologies FZCO, in the Dubai Airport Free Zone Authority (DAFZA).
This strategic move aligns with the company’s objectives to enhance operational efficiency and strengthen its presence in the Middle East market. The subsidiary will be formed by converting the existing branch of Quicktouch Technologies Limited in DAFZA into a fully incorporated entity.
Operating as an independent legal entity under the applicable laws of the United Arab Emirates, the subsidiary will remain wholly owned by Quicktouch Technologies Limited.
Additional News
Quicktouch Technologies has also announced the successful acquisition of Vidyahub Private Limited and Techquench Private Limited through the transfer of 100% share capital. Both companies are now wholly-owned subsidiaries of Quicktouch Technologies Limited.
This strategic acquisition enhances Quicktouch’s market presence and strengthens its position in the rapidly growing technology-driven solutions market, with a particular focus on serving educational institutions and businesses.
About the Target Entities
Vidyahub Private Limited is a premier institution specializing in competitive exam preparation and academic excellence, serving over 1,500 students. It offers a comprehensive range of courses, including Foundation, NEET, JEE, NTSE, MVPP, and Olympiad programs.
Quicktouch Technologies Limited aims to enhance Vidyahub’s impact by expanding its operations to four additional locations, significantly increasing its reach. This expansion will enable more students to benefit from Vidyahub’s high-quality, results-driven educational solutions.
Techquench Private Limited is a renowned company operating at the intersection of Information Technology (IT) Services and Education Technology (EdTech).
It specializes in delivering innovative, technology-based solutions, such as Enterprise Resource Planning (ERP) systems, Learning Management Systems (LMS), STEM labs, psychometric analysis, and IT support services.
Techquench is currently focused on the setup of STEM labs in schools, advancing its mission to equip the next generation with essential skills and knowledge in Science, Technology, Engineering, and Mathematics.
Also read….
Financials
The company experienced a decline in its revenue from operations, showing a year-on-year fall of 31 percent from Rs. 35 crores in Q2 FY24 to Rs. 24.2 crores in Q2 FY25.
Similarly, its net profit decreased during the same period from Rs. 2.6 crores to Rs. 2.06 crores, indicating a decline of around 20 percent YoY.
About the Company
Quicktouch Technologies Limited specializes in software development, with a primary focus on educational solutions. The flagship product, “Quick Campus,” is a comprehensive school management software designed to streamline and enhance the administration and operations of educational institutions.
In addition to its core software development business, Quicktouch Technologies has strategically expanded its business line to include the trading of computer software and IT-enabled goods.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
