One Point One Solutions incorporates its Singapore subsidiary
Post this incorporation, One Point One Solutions will whole 100 per cent of the paid-up share capital of One Point One Singapore PTE. LTD.
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One Point One Solutions, a leader in next-generation business process management (BPM) services has incorporated its wholly-owned Singapore subsidiary – One Point One Singapore Pte. Ltd – for the business development of the patent company's products and services in overseas markets.
“ONE POINT ONE SINGAPOREPTE. LTD. is incorporated as wholly owned subsidiary of ONE POINT ONE SOLUTIONS LTD. for Business development of parent company's products and services in foreign market," said the company.
Post this incorporation, One Point One Solutions will whole 100 per cent of the paid-up share capital of One Point One Singapore PTE. LTD.
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"100% of the paid up share capital of ONE POINT ONE SINGAPORE PTE. LTD. will be held by ONE POINT ONE SOLUTIONS LIMITED," the company said in the exchange filing.
The company also said that the incorporation has got approval from the Accounting and Corporate Regulatory Authority (ACRA) of the Government of Singapore.
Meanwhile, One Point One Solutions reported a two-fold jump in net profit to Rs 5.93 crore in the September quarter, up by 209.92 per cent YoY from Rs 1.91 crore in the same quarter of FY23.
The company had reported a net income of Rs 41.01 crore during the quarter under review as against Rs 34.92 crore in the year-ago quarter, up 17.45 per cent. It also recorded EBITDA for the quarter at Rs 14.83 crore as compared with Rs 8.65 crore, up 71.49 per cent.
During the quarter company raised Rs 106.20 crore by issuing warrants.
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