Synopsis:
Synoptics Technologies has received an order worth approximately Rs. 9.04 crore (excluding GST) from Reliance Nippon Life Insurance for supplying hardware along with a 5-year support agreement for their Data Centre and Disaster Recovery Sites.
This company does trade in IT products and information & Telecom Technology networking solutions Mumbai-based technology solutions provider and is now in focus with strengthening its position in the enterprise infrastructure market by securing a high-value order from Reliance Nippon Life Insurance Company Ltd.
With market capitalization of Rs. 77.2 cr, the shares of Synoptics Technologies Ltd are currently trading at Rs. 91 per share, locked at 5% upper circuit in today’s market session from its previous closing of Rs. 86.70 per share.
Fresh order
Synoptics Technologies Limited has announced a significant business development by securing an order worth approximately Rs. 9.04 crore (excluding GST) from Reliance Nippon Life Insurance Company Ltd.
The order involves the supply of hardware along with a five-year support agreement for deployment at Reliance Nippon Life’s Data Centre and Disaster Recovery Sites. The entire order is expected to be executed, with delivery and installation completed within six months. This contract has been awarded by a domestic entity and does not involve any interest from the promoter or promoter group of Synoptics Technologies.
About the company
Synoptics Technologies Ltd is a Mumbai-based IT solutions company specializing in providing enterprise infrastructure services, including data center solutions, hardware supply, IT support, and digital transformation services. The company serves a wide range of industries by delivering critical technology solutions for data management, disaster recovery, and system integration, with a focus on innovation and long-term service partnerships.
The company’s sales have seen a marginal increase from Rs. 43.14 crore in March 2024 to Rs. 43.27 crore in March 2025. Operating profit declined from Rs. 13.69 crore to Rs. 11.22 crore during the same period. Similarly, net profit fell from Rs. 6.01 crore in March 2024 to Rs. 4.04 crore in March 2025, indicating a contraction in profitability despite stable revenue.
Written by Manideep Appana
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