Mumbai: Polo Queen Industrial and Fintech Limited (PQIFL), an emerging multi-domain company from India, has secured a massive ₹3,000 crore order from the giant French IT company Capgemini. This deal is associated with the construction of a state-of-the-art IT park in Vietnam. The project will be developed with green technology and sustainable energy solutions, which will add a new chapter to Asia's technological growth.
The Vietnam project: What's special?
This project involves the construction of a world-class IT park in Vietnam. It will be built according to modern technical standards, utilizing sustainable energy solutions and green technology. This park will contribute significantly to the technological and economic development of Vietnam and the whole of Asia.
The IT park will focus on advanced digital infrastructure and technology to become a major technological hub in the region. The company claims that the project will also fulfill its environmental responsibilities and serve as an example of sustainable development.
Experts estimate that this project could generate an additional ₹5,000 crore in revenue for PQIFL over the next three years. This deal will not only improve the company's financial performance but will also establish it as a key player in the global market.
Company introduction and expansion
PQIFL has created a distinct identity in the Indian market with its expertise and hard work. The company operates in industrial chemicals, real estate development, financial technology solutions, and IT park construction. It has taken several steps to expand its business and build a presence in the global market.
As a result, the company's total revenue for the fiscal year 2024 reached ₹1,450 crore, a 32% increase compared to the previous year. Net profit stood at ₹245 crore, and the operating profit margin (OPM) was 18%, with a net profit margin of 12%. The company's balance sheet is also strong, with a book value of ₹78 per share. This financial stability serves as a reliable indicator for investors.