Datamatics Global Services has signed agreement to acquire 100% stake in TNQ Tech (TNQTech), a Chennai based digital publishing technology and services company renowned for quality, efficiency, and innovation through purchase of shares from its existing shareholders in one or more tranches in accordance with the terms of Definitive Agreements. The said acquisition is subject to the fulfilment of various terms and conditions as specified in the Definitive Agreements. Powered by Capital Market - Live News

Datamatics Global Services announced the appointment of Ankush Akar as Senior Vice President & Chief Financial Officer. Ankush will report directly to Rahul Kanodia, Vice Chairman & CEO, overseeing Finance, Travel, and Administration functions. With over 19 years of experience, Ankush Akar is a seasoned finance leader with expertise in Strategic Finance, Business Planning, Controllership, Pricing, Taxation, Treasury, and Process Transformation. Renowned for driving profitable growth, cost optimization, and large-scale transformations, he has consistently delivered impactful results. Prior to Datamatics, at Relevance Lab, Ankush led the global Finance function, driving cost optimization to improve profitability, while at Zensar Technologies, he was instrumental in finance transformation to enable efficient, standardized, and scalable processes to drive efficiencies. His career also includes key roles at Wipro, Genpact, and Infosys BPO, where he excelled in financial planning, deal structuring, and solution design. A Chartered Accountant and Commerce graduate, Ankush`s strong academic foundation underscores his dedication to excellence in the finance domain.Powered by Capital Market - Live News

Datamatics Global Services has incorporated a wholly owned subsidiary company �Datamatics Global Services LLC-FZ� in Meydan Free Zone, Dubai, UAE.Datamatics Global Services FZ-LLC has been incorporated for the purpose of increasing the company`s market presence and focus on customers in UAE.Powered by Capital Market - Live News

Net profit of Datamatics Global Services declined 14.01% to Rs 42.36 crore in the quarter ended September 2024 as against Rs 49.26 crore during the previous quarter ended September 2023. Sales rose 7.95% to Rs 406.75 crore in the quarter ended September 2024 as against Rs 376.79 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales406.75376.79 8 OPM %11.9915.64 - PBDT62.1367.89 -8 PBT52.7158.55 -10 NP42.3649.26 -14 Powered by Capital Market - Live News

Datamatics Global Services will hold a meeting of the Board of Directors of the Company on 5 November 2024.Powered by Capital Market - Live News