Ceinsys-AllyGrow merger to offer services globally, says Meghe
For venturing into international markets, BSE-listed Ceinsys Tech Limited has appointed industry veteran Prashant Kamat as CEO & Vice Chairman of the board, post acquiring a 100% stake in AllyGrow Technologies, a technology-driven, pure-play engineering services company that has carved itself a distinct recognition in the Product Design and Robotics automation-Manufacturing Engineering services space in the US, Europe and India.
Kamat was formerly associated with Mahindra Engineering Services and AllyGrow Technologies in the capacity of CEO, said Ceinsys, a preferred Geospatial, Engineering and Enterprise solutions provider for major infrastructure projects out of Nagpur.
AllyGrow holds rich experience in executing projects from concept to the product launch phase for global marquee clients.
Ceinsys, a part of the large conglomerate Meghe Group of Institutions, has focused on offering technology solutions for various domains under infrastructure projects and has contributed immensely to different sectors of the Indian economy.
At a global level, the booming Geospatial Industry along with Digital trends presents immense potential for tech-based GIS solutions. Eyeing its access to global markets, Ceinsys made the strategic move of investing in AllyGrow. Further, to realize the vision of transforming Ceinsys into a global brand, the appointment of Kamat is announced. As Prashant moves into the role of CEO at Ceinsys, Mr. Vishal Pawar will assume the role of CEO at AllyGrow Technologies.
“My focus has always been to build a conducive environment for talented young engineers to learn and grow professionally. This merger ensures a platform for Ceinsys and its talent pool, to offer its services globally,” Sagar Meghe, a philanthropist, Non-Executive Chairman, Ceinsys, said on 15 Feb 2022.
Ceinsys CEO Prashant Kamat said, “Ceinsys has developed technical expertise and has gained rich experience which has a huge potential in the international market. It gives me immense pleasure to take on this responsibility that the group has conferred upon me.” fiinews.com
