SIS has received approval for an investment of up to Rs 8 crore through primary and secondary transaction in Installco Wify Technology (Wify), by way of acquisition of equity shares from the existing shareholders, as a secondary investment and subscription to Compulsorily Convertible Preference Shares as a primary investment. Post the primary and secondary investment, SIS will have a total shareholding of approximately 4.56% in Wify. The primary and secondary transaction are expected to be completed before August 31, 2025.
Wify is a pioneer in the B2B2C home improvement services space. It has developed a full-stack platform that provides post-purchase services such as installation, warranty management, and repairs for home improvement products. By building a large, skilled workforce, Wify has created a playbook that effectively addresses the massive skills gap in India. The Investment Committee of SIS has, in its meeting held on July 14, 2025, has approved the same.
SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.
| Company Name | CMP |
|---|---|
| Quess Corp | 208.25 |
| SIS | 375.00 |
| TeamLease Services | 1379.30 |
| Bluspring Enterprise | 68.07 |
| Updater Services | 167.10 |
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