Yudiz Solutions Ltd, a leading enterprise technology company focused on blockchain, AI, and gaming, has received approval from the National Stock Exchange (NSE) for its upcoming SME IPO. The company plans to invest approximately 80 Million INR in setting up a cutting-edge gaming studio and a multi-gaming platform. This exciting development makes Yudiz Solutions the first game developer to be publicly listed and have its own publishing platform.
The newly established Yudiz game studio aims to create high-quality games for various platforms. With their advanced technology solutions and in-house expertise, they plan to develop more than 40 games annually. Additionally, they will collaborate with other publishers to create games and provide a platform for independent developers to publish their games. This unique approach sets Yudiz Solutions apart as the only gaming company involved in both game development and publishing.
Bharat Patel, Chairman & Director of Yudiz Solutions, expressed his enthusiasm for these new ventures, emphasizing that they will drive sectoral growth, fuel innovation, expand their game portfolio, enhance the gaming experience, and build a strong gaming community. They also anticipate forging strategic partnerships, attracting top talent, and establishing themselves as formidable players in the industry.
Yudiz Solutions has shown impressive financial performance, with an EBITDA of 21.77% for FY 22-23 and a three-year compound annual growth rate (CAGR) of 42.34%. They reported a profit after tax (PAT) of INR 2.75 CR in FY 22-23. As part of their IPO plans, they intend to offer a public issue comprising of 27,17,600 fresh equity shares.
Headquartered in Ahmedabad, Yudiz Solutions operates globally, providing IT services and solutions in AI/ML, AR/VR, IoT, Blockchain, mobile app development, and web development across North America, Europe, and Asia. Their innovative products and solutions have disrupted various sectors including Healthcare, Ed-Tech, Fin-Tech, Human Resources, Social Networks, F&B, Supply Chain, OTT, and Gaming. Notable clients they have served include MPL, Zydus, RR Kabel, IRM Energy, and SportsBuzz.
Yudiz Solutions is known for delivering scalable and cost-effective solutions, leveraging state-of-the-art technology. With a team of over 400 talented individuals, including industry experts, they have successfully completed more than 6000 projects using a strong, well-researched, and agile approach.
Since its establishment in 2011, Yudiz Solutions has been led by esteemed promoters including Chairman & Director Mr. Bharat Patel, Managing Director Mr. Pratik Patel, and CEO Mr. Chirag Leuva. Whole Time Director Mr. Suraj Chokhani also plays a vital role in overseeing the company’s operations.