Gradiente Infotainment (Gradiente) has bagged a GIS Project from VUV International, an international company headquartered in Hong Kong, for their Global operations. Earlier, the company had bagged a GIS Project from VISICOM, an International Joint Stock company headquartered in Ukraine, for their US operations, in April 2023. These Projects are currently being executed from its Chennai Facility housing over 80 seats per shift with over 150 outsourced employees. These efforts are part of Gradiente’s IT Division expansion and diversification plan with a project outlays of Rs 10 crore in IT & ITES business.
The entire expansion of Gradiente is likely to be funded partly by private placement, preferential allotment, debt & ADRs. The company completed its first round of funding by way of preferential allotment of 16,907,600 equity shares at Rs 10 per share, thereby increasing its authorized capital to 40,000,000 shares & paid-up equity to 39,425,000 shares. The first batch of work has been provided by VUV, approved and completed between end June and till date; and the billing for the same is expected before September 30 2023. This project has a potential to achieve a top-line of around Rs 15 crore and a bottom line of around Rs 3 crore for the FY 2023-24.
Gradiente Infotainment is a media-entertainment entity with roots that go back over two decades. It is a hub for advertising, film and new media solutions with a market presence across the leading Indian metros and with strategic tie-ups abroad.
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