Company Profile

Dynacons Systems & Solutions has secured a significant contract worth Rs 233 crore (all inclusive) from the National Bank for Agriculture and Rural Development (NABARD). This monumental contract encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states. This project further underscores NABARD's commitment to embracing cutting-edge solutions to enhance operational efficiency and deliver superior banking services. 

Under the terms of the contract, the company will deploy its comprehensive suite of services, encompassing consultancy, implementation, customization, and ongoing support. Leveraging its domain knowledge and technical expertise, the company aims to minimize disruptions to banking operations while maximizing the benefits of the new Finacle platform. 

The project scope includes Core Banking Solution upgrade, migration, and maintenance, alongside infrastructure and network enhancements from leading technology vendors such as HPE, Oracle, Fortinet, Array, and Versa. Furthermore, this contract is structured on an Operating Expense (OPEX) basis, ensuring recurring revenue streams throughout the duration of the agreement. This model not only provides financial predictability for both parties but also aligns incentives for ongoing support and innovation, fostering a mutually beneficial partnership for sustained success. 

Dynacons Systems & Solutions is an IT company with global perspectives.

Dynacons Systems & Solutions is currently trading at Rs. 1114.85, up by 170.35 points or 18.04% from its previous closing of Rs. 944.50 on the BSE.

The scrip opened at Rs. 929.70 and has touched a high and low of Rs. 1123.90 and Rs. 929.15 respectively. So far 40123 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,123.90 on 16-Apr-2024 and a 52 week low of Rs. 356.50 on 18-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1123.90 and Rs. 922.05 respectively. The current market cap of the company is Rs. 1418.53 crore.

The promoters holding in the company stood at 61.10%, while Non-Institutions held 38.90% stake in the company.

Dynacons Systems & Solutions has secured a significant contract worth Rs 233 crore (all inclusive) from the National Bank for Agriculture and Rural Development (NABARD). This monumental contract encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states. This project further underscores NABARD's commitment to embracing cutting-edge solutions to enhance operational efficiency and deliver superior banking services. 

Under the terms of the contract, the company will deploy its comprehensive suite of services, encompassing consultancy, implementation, customization, and ongoing support. Leveraging its domain knowledge and technical expertise, the company aims to minimize disruptions to banking operations while maximizing the benefits of the new Finacle platform. 

The project scope includes Core Banking Solution upgrade, migration, and maintenance, alongside infrastructure and network enhancements from leading technology vendors such as HPE, Oracle, Fortinet, Array, and Versa. Furthermore, this contract is structured on an Operating Expense (OPEX) basis, ensuring recurring revenue streams throughout the duration of the agreement. This model not only provides financial predictability for both parties but also aligns incentives for ongoing support and innovation, fostering a mutually beneficial partnership for sustained success. 

Dynacons Systems & Solutions is an IT company with global perspectives.

Dynacons Systems & Solutions has been awarded a significant contract worth Rs 41.72 crore by the National Payments Corporation of India (NPCI) for a Data Centre Tech Refresh initiative.

NPCI continually innovates its services to meet evolving market needs and anticipates future demands proactively. The organization is dedicated to providing a seamless experience to all its customers, irrespective of their size, location, or level of interface. In line with NPCI's commitment to enhancing its IT infrastructure to support business growth, the Data Centre located in Chennai is slated for a significant upgrade. The proposed solution involves deploying enterprise-class HPE Servers capable of handling the most demanding workloads. This initiative of NPCI signifies a significant step towards strengthening India's payment and settlement infrastructure.

The adoption of Enterprise Class Servers will accelerate NPCI's digital transformation journey by leveraging modern operating systems. This will enable NPCI to seamlessly integrate the latest versions of applications, thereby enhancing server performance and expanding its capabilities. The refreshed server environment is poised to better align with NPCI's business goals. The comprehensive solution offered by Dynacons includes the deployment of HPE Enterprise Servers, backed by seven years of comprehensive support and committed uptime.

This order underscores Dynacons' expertise in delivering high-quality enterprise server solutions and driving innovation and facilitating seamless transactions for millions of users across India. In addition, this refresh to NPCI's IT infrastructure marks yet another milestone in the country's ongoing digital payment journey, reinforcing its commitment to fostering a secure and efficient digital payment ecosystem for the nation. 

Dynacons Systems & Solutions is an IT company with global perspectives.

Dynacons Systems & Solutions is currently trading at Rs. 910.75, up by 128.35 points or 16.40% from its previous closing of Rs. 782.40 on the BSE.

The scrip opened at Rs. 786.40 and has touched a high and low of Rs. 919.65 and Rs. 786.40 respectively. So far 10822 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 952.25 on 22-Feb-2024 and a 52 week low of Rs. 283.30 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 919.65 and Rs. 773.35 respectively. The current market cap of the company is Rs. 1156.34 crore.

The promoters holding in the company stood at 61.10%, while Non-Institutions held 38.90% stake in the company.

Dynacons Systems & Solutions has been awarded a significant contract worth Rs 41.72 crore by the National Payments Corporation of India (NPCI) for a Data Centre Tech Refresh initiative.

NPCI continually innovates its services to meet evolving market needs and anticipates future demands proactively. The organization is dedicated to providing a seamless experience to all its customers, irrespective of their size, location, or level of interface. In line with NPCI's commitment to enhancing its IT infrastructure to support business growth, the Data Centre located in Chennai is slated for a significant upgrade. The proposed solution involves deploying enterprise-class HPE Servers capable of handling the most demanding workloads. This initiative of NPCI signifies a significant step towards strengthening India's payment and settlement infrastructure.

The adoption of Enterprise Class Servers will accelerate NPCI's digital transformation journey by leveraging modern operating systems. This will enable NPCI to seamlessly integrate the latest versions of applications, thereby enhancing server performance and expanding its capabilities. The refreshed server environment is poised to better align with NPCI's business goals. The comprehensive solution offered by Dynacons includes the deployment of HPE Enterprise Servers, backed by seven years of comprehensive support and committed uptime.

This order underscores Dynacons' expertise in delivering high-quality enterprise server solutions and driving innovation and facilitating seamless transactions for millions of users across India. In addition, this refresh to NPCI's IT infrastructure marks yet another milestone in the country's ongoing digital payment journey, reinforcing its commitment to fostering a secure and efficient digital payment ecosystem for the nation. 

Dynacons Systems & Solutions is an IT company with global perspectives.