Sikkim News Update

Multibagger Alert: One Point One Solutions Pays Rs. 84 Cr. to Acquire ITCube Solutions

<p>With headquarters in Cincinnati, Ohio, and Pune, India, ITCube Solutions Pvt Ltd. provides IT and BPM/KPO services. One Point One Solutions has announced that it has acquired a majority share in the firm for Rs. 84 Cr. With this acquisition, One Point One Solutions will be able to expand into other sectors, such as IT and healthcare services. In reaction to the announcement on Friday, One Point One Solutions’ shares began trading higher on the NSE today at Rs 70 a share.</p>
<p><img decoding=”async” class=”alignnone wp-image-437614″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-multibagger-alert-one-point-one-solutions-pays-rs-84-cr-to-acquire-itcube-solution.jpeg” alt=”theindiaprint.com multibagger alert one point one solutions pays rs 84 cr to acquire itcube solution” width=”1078″ height=”539″ title=”Multibagger Alert: One Point One Solutions Pays Rs. 84 Cr. to Acquire ITCube Solutions 15″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-multibagger-alert-one-point-one-solutions-pays-rs-84-cr-to-acquire-itcube-solution.jpeg 540w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-multibagger-alert-one-point-one-solutions-pays-rs-84-cr-to-acquire-itcube-solution-150×75.jpeg 150w” sizes=”(max-width: 1078px) 100vw, 1078px” /></p>
<p>“This strategic move represents more than just an expansion of our business—it signifies our commitment to innovation, growth, and solidifying our presence on the global stage,” One Point One Solutions Managing Director Akshay Chhabra said. IT Cube Solutions, which has a solid presence in Cincinnati, Ohio, and Pune, India, offers a plethora of knowledge and experience in IT + BPM/KPO services. This purchase represents a revolutionary turning point. It enhances our capacity to serve customers in a variety of sectors and expands our verticals.”</p>
<p>“Our companies’ synergies spark a collaborative innovation spark that propels us to unprecedented success.” This tactical decision further accelerates our development trajectory, especially in the US market, supported by our increased IT service offerings and recently acquired healthcare industry knowledge. It equips us to offer unmatched value to our customers and stakeholders by perfectly navigating future opportunities and challenges,” he said.</p>
<p>The organization wants to lead the world in BPO, KPO, and IT service delivery and establish new benchmarks for quality and creativity. A wide variety of businesses, including travel and hospitality, banking and finance, FMCG and consumer durables, insurance, and e-commerce and retail, may benefit from One Point One’s seamless digital transitions. Since becoming public in 2017, the business has expanded quickly, and it now serves over 30 top customers from a range of sectors, including travel, tourism, and hospitality, E-commerce behemoths, BFSI, and cutting-edge Fintech organizations.</p>
<p>One Point One Solutions recently expanded to the USA, Australia, and the UAE as part of a purposeful worldwide development strategy. The company’s primary emphasis is on offering small and medium-sized businesses in these nations customized BPO services across a variety of industries. Its wholly-owned subsidiary, “ONE POINT ONE USA INC.,” was established in Delaware, USA, with this idea as its cornerstone.</p>
<p>One of Dalal Street’s multibagger stocks is One Point One Solutions, which gained 325% in a year and 152% in only six months.</p>