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Vedavaag Systems Ltd: A Small Cap Stock with a Big Order from IRIS

Raj Kumar.G

July 14, 2023

Vedavaag Systems Ltd: A Potential Midcap in the Making

Introduction :

Are you looking for a potential midcap stock in the small-cap segment that offers e-governance, fintech, edutech, healthcare, logistics, and other services using emerging technologies such as AI, ML, IoT, and cloud? If yes, then you might want to check out Vedavaag Systems Ltd (BSE: 533056), a company that has been delivering innovative and customer-centric solutions to various sectors and segments of society since 1998. In this blog post, we will explore the company’s history, achievements, products, financial performance, and future prospects, and see why it is a promising midcap candidate in the small-cap segment.

Vedavaag Systems Ltd (BSE: 533056) is a company that provides e-governance, fintech, edutech, healthcare, logistics, and other services using emerging technologies such as AI, ML, IoT, and cloud. The company was established in 1998 and is headquartered in Hyderabad, Telangana. It has operations in over 18 states across India and has partnered with various nodal agencies and public sector undertakings such as SBI, SCR, ITI, BEL, BSNL, ECIL, UTIITSL, etc.

The company has a market capitalization of Rs. 126 crores as of July 15, 2023, and has shown consistent growth in revenue and profitability over the years. The company has also achieved some notable milestones such as:

Securing an order worth around Rs. 72 crore for implementation of SITCM of IP Based Video Surveillance Systems (VSS) covering 1002 railway stations under Western Region of Railways from IRIS Global Services Pvt Ltd., New Delhi.
Launching Abhayam, an IoT-based AI & ML solution for driver activity monitoring and safety.
Developing a cloud-enabled online education platform for rural students.

The company has a strong focus on innovation and customer satisfaction and is certified under ISO 9001:2015 and ISO 27001:2013. The company also has a diversified portfolio of services that cater to various sectors and segments of society.

The company is poised to benefit from the increasing demand for digital transformation, e-governance, and citizen services in India. The company also has the potential to scale up its operations and expand its presence in new markets and domains. The company’s financial performance, order book, product portfolio, and customer base indicate that it is a promising midcap candidate in the small-cap segment.

Conclusion:

Vedavaag Systems Ltd is a small-cap stock that provides e-governance, fintech, edutech, and other services using emerging technologies. The company has secured an Rs.72 crore order from IRIS for a railway project. The company is a promising midcap candidate in the small-cap segment and is worth considering for investors.

Disclaimer:

This blog post is for informational purposes only and does not constitute any investment advice or recommendation. Readers are advised to do their own research and analysis before making any investment decisions. The author is not responsible for any profits or losses arising from the use of this information.

Keywords: Vedavaag Systems Ltd, IRIS Global Services, IP Based Video Surveillance Systems, Railway Project, Small Cap Stock