Hyderabad-based IT company signs USD 8.90 million MoU with LedgerFi IT Solutions to drive Zanzibar Government’s digital transformation!
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 132.24 per cent from its 52-week low of Rs 14.95 per share.
Blue Cloud Softech Solutions, a global leader in cybersecurity and technology, has just signed a significant deal worth USD 8.90 million with LedgerFi IT Solutions. This exciting partnership aims to revolutionise the Zanzibar Government's digital services by creating the eDUA Unified Digital Government Platform (UDGP). The goal is to make government services easier to access, more efficient, and incredibly secure for everyone in Zanzibar, including citizens, businesses, and organisations.
As the main technology partner, Blue Cloud Softech will be responsible for designing, developing, and implementing this ambitious project. The eDUA platform will use cutting-edge technologies to achieve its goals. This includes blockchain technology for secure and tamper-proof records, Artificial Intelligence (AI) and Machine Learning (ML) for smart automation and better decision-making, and a robust cloud infrastructure for reliability and scalability. Additionally, a new centralised payment system (eDUA-ZanMalIPO) will simplify government payments, and strong cybersecurity measures will protect all data.
This USD 8.90 million investment highlights a strong commitment to building a self-sustaining digital government in Zanzibar. Blue Cloud Softech will handle the technical development, while LedgerFi will manage the overall implementation and training. By bringing together these advanced technologies and expertise, this collaboration aims to make Zanzibar a leading example of digital governance, not just in Africa but across the globe.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About the Company
Headquartered in Hyderabad, Telangana, Blue Cloud Softech Solutions Limited (BCSSL) is a global technology firm specialising in AIoT-based solutions, with a focus on AI-driven healthcare and a broad portfolio in AI, cloud computing, enterprise software, cybersecurity and secure communications. Operating in eight countries, BCSSL is committed to delivering cutting-edge, indigenous technology solutions that drive transformation and empower businesses across sectors like defence, cybersecurity, healthcare, media, education, national infrastructure and digital transformation.
According to Quarterly Results, the company reported net sales of Rs 183.62 crore in Q4FY25 and net profit increased by 52 per cent to Rs 13.04 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 59 per cent to Rs 796.86 crore and net profit increased by 175 per cent to Rs 44.27 crore in FY25 compared to FY24.
The stock has given multibagger returns of 132.24 per cent from its 52-week low of Rs 14.95 per share. Shares of Blue Cloud Softech Solutions Limited ex-traded stock split in the ratio 2:1, i.e., sub-division of equity shares of the company having a Face Value of Rs 2 each (fully paid-up) into one equity share of face value of Re 1 each (fully paid-up). The ex-date for the stock split was Monday, January 20, 2025. The company has a market cap of Rs 1,515 crore.
Disclaimer: The article is for informational purposes only and not investment advice.