Ceinsys Tech Ltd Receives Official Acceptance for ₹20.85 Crore Georgia Land Information System Project
Ceinsys Tech Limited has officially received acceptance from Georgia's Ministry of Environmental Protection and Agriculture for a ₹20.85 crore Land Information System project. The project will be executed through a joint venture with Magnasoft Consulting India Private Limited and GIS and RS Consulting Centre GeoGrapic LLC, featuring an 8-month implementation period followed by 32 months of AMC services.

*this image is generated using AI for illustrative purposes only.
Ceinsys Tech Limited has officially received an acceptance letter from the Ministry of Environmental Protection and Agriculture (MEPA), Georgia for the Design, Supply and Installation of Georgia Land Information System project. The company received the acceptance letter on April 28, 2026 at 1:22 PM (IST), marking a significant milestone in its international expansion.
Project Partnership and Structure
The project will be executed through a strategic joint venture arrangement. The collaboration includes:
| Partner: | Role |
|---|---|
| Ceinsys Tech Limited: | Lead Partner |
| Magnasoft Consulting India Private Limited: | Joint Venture Partner |
| GIS and RS Consulting Centre GeoGrapic LLC: | Joint Venture Partner |
| Client: | MEPA, Georgia |
Contract Details and Financial Terms
The acceptance letter confirms the comprehensive scope and financial parameters of the Land Information System project:
| Parameter: | Details |
|---|---|
| Contract Value: | ₹20,85,16,017 (Including Taxes) |
| USD Equivalent: | $2,200,000.19 |
| Exchange Rate: | $1 = ₹94.78 |
| Implementation Period: | 8 months |
| AMC Period: | 32 months |
| Project Type: | International |
Regulatory Compliance and Disclosure
Ceinsys Tech Limited has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Company Secretary and Compliance Officer Pooja Karande.
The project involves no related party transactions, and the promoter group has no interest in the awarding entity, ensuring arm's length transaction compliance.
Strategic Impact
This international contract represents a substantial revenue opportunity for Ceinsys Tech Limited, demonstrating the company's capability to secure and execute large-scale government technology projects. The Land Information System project will involve comprehensive digitization and management solutions for Georgia's environmental and land records data.
The joint venture structure enables the company to leverage complementary expertise and resources, potentially positioning it for similar international opportunities in the land management and environmental technology sector.
Historical Stock Returns for Ceinsys Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.04% | -5.45% | +11.56% | +8.35% | +8.35% | +8.35% |
How might this Georgia project success influence Ceinsys Tech's ability to secure similar land information system contracts in other Eastern European or CIS countries?
What impact could the 32-month AMC period have on Ceinsys Tech's recurring revenue stream and future cash flow projections?
Will this international expansion strategy lead Ceinsys Tech to establish a permanent presence or subsidiary in Georgia or the broader European market?


































