Cyient Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Cyient announces the launch of its new office in Sydney, Australia, located in Parramatta, New South Wales. This strategic expansion underscores Cyient's commitment to the Australian market, strengthening its position and enhancing its capabilities to serve customers across the connectivity sector.

Located in one of Australia's most dynamic business districts, the new office will accommodate over 100+ associates. With modern infrastructure and advanced facilities, the Parramatta office will enable Cyient to deepen its partnerships with leading connectivity providers, creating a collaborative environment that encourages innovation and operational excellence.

In addition to bolstering support for Cyient's connectivity clients, the new office positions the company to explore and expand opportunities in additional sectors. By increasing its operational base in Parramatta, Cyient is also well-placed to attract top talent and collaborate closely with local industry players.

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Cyient has allotted 26,604 equity shares under ASOP on 04 December 2024.

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Cyient, Inc., a wholly-owned subsidiary of the Company in the US, has converted from a California corporation to a Delaware corporation. Other than this conversion, the corporation's Employer Identification Number (EIN) and other identifying information remain the same.

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Azimuth AI is a fabless custom ASIC company known for its expertise in intelligent energy and power solutions.

Krishna Bodanapu, executive vice-chairman & managing director of Cyient, said: “In July this year, we announced the strategic expansion of our Semiconductor business with the establishment of a fully owned subsidiary.

Investing in Azimuth AI strengthens our focus on building cutting-edge ASIC chips designed and developed in India — for the world. It further enhances our capabilities in this critical space while reinforcing our commitment to next-gen power and energy solutions.”

Cyient is a consulting-led, industry-centric, global technology solutions company. It currently operates through eight strategic business units: aerospace & defense; transportation; industrial, energy, and natural resources; semiconductor, internet of things and analytics; medical and healthcare; utilities & geospatial; communications and design-led manufacturing (Cyient DLM).

The scrip shed 0.70% to currently trade at Rs 1783.60 on the BSE.

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