Scanpoint Geomatics Ltd. engaged in the design and development of Indigenous Geospatial software known as IGiS (Integrated GIS and Image Processing Software) in joint development partnership with SAC-ISRO has been shortlisted for a project from Indian Armed Forces under the Make In India and Indian Design Development and Manufacturing initiatives. This project aims to promote indigenous design, development, and manufacturing capabilities for the armed forces.
Meanwhile, for Q1FY25 the company reported a net profit increase of 104%, while revenue from operations increased by 417%.
The company plans to foray into the business of Commodities , solar projects and EPC contracting, to leverage its core capabilities into satellite image processing and otheer GIS IT enabling task.