Ceinsys Tech Limited has announced the receipt of an Acceptance Letter from the Ministry of Environmental Protection and Agriculture of Georgia (MEPA) on April 28, 2026. This international contract involves the design, supply, and installation of the Georgia Land Information System (LIS). The project was awarded to a joint venture led by Ceinsys Tech Limited, alongside Magnasoft Consulting India Private Limited and GIS and RS Consulting Centre GeoGrapic LLC.
The total contract price is valued at approximately Rs. 20.85 Crores (specifically Rs. 20,85,16,017), which is equivalent to roughly US $2.20 Million. The project timeline consists of an 8-month implementation phase followed by 32 months of Annual Maintenance Contract (AMC) services. This order is classified as an international contract and does not involve any related party transactions.
Ceinsys Tech Limited is a technology-driven organization specializing in Geospatial Engineering, Digital Enterprise, and Software Solutions. In 2025, the company expanded its strategic focus toward international markets, particularly the United States and Europe, while maintaining a dominant presence in Indian government projects like Smart Cities. During late 2025 and early 2026, the company actively mobilized funds for inorganic growth and established a new business development team to penetrate the Middle Eastern market.
For the quarter ended December 2025, Ceinsys Tech reported a robust financial performance with revenue reaching Rs. 176.78 Crores, representing a 49.88% increase compared to the same period in 2024. The net profit for this quarter surged to Rs. 38.87 Crores, a significant growth of 118.25% Year-over-Year (YoY). On a Quarter-on-Quarter (QoQ) basis, net profit jumped by 51.01%. Notable institutional interest was observed in 2025, with RARE CP FUND I LP holding a 9.9% stake in the company as of early 2026.
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