Power Mech Projects Incorporated Step Down Unit PMTS Tech in Dubai

Power Mech Projects is branching out into the tech world! The Hyderabad-based engineering company has launched a new step-down subsidiary, PMTS Technology, in Dubai, bringing a fresh focus on IT and software solutions to the table. The subsidiary, fully owned by Power Mech through PMTS Private Limited, was set up on October 24, 2024, and will cover the software and tech services space.

New Tech: Solutions with a SAP Twist

PMTS Technology LLC has a goal: to deliver tech solutions that make a difference for businesses. They’ll cover everything from custom software development to mobile and web app creation, database management, IT consulting, and even SAP-specialized services. By focusing on efficient, client-centric solutions, PMTS Technology will help companies streamline operations, boost productivity, and, ultimately, outpace competitors.

Engineering Legacy with a Global Touch

For those unfamiliar with Power Mech Projects, this is a company with a big presence in heavy-duty engineering. Their work spans erecting, testing, and commissioning (ETC) of boilers, turbines, and generators, along with services like Balance of Plant (BOP), civil works, and comprehensive operation and maintenance (O&M). Known for their international position, they’re already active in places like Morocco, Nigeria, Jordan, and even Bhutan. So, it’s safe to say they’re no strangers to new territories.

Financials 

Financially, Power Mech Projects is holding steady with a 17.93% jump in net profit for Q1FY25, totalling Rs.60.13 crore. Sales, too, are up by 16.44%, hitting Rs.1,007.39 crore. The shares saw a slight increase of around 1% trading at Rs.2,778.40 today, additionally, the stock has gained over 55.50% in the past year.

Conclusion: In conclusion, the launch of PMTS Technology LLC isn’t just a business expansion; it’s Power Mech Projects’s leap into a digital future. With this new Dubai hub, the company will blend its engineering roots with cutting-edge tech, creating a mix that could redefine what’s possible in both worlds.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.