DRC Systems India Limited has informed the Exchange about further investment in Wholly Owned Subsidiary Company at Dubai.
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DRC Systems India's Board has approved a further investment of up to USD 1 million (approximately ₹8.3 crore) in its wholly owned subsidiary DRC Systems EMEA LLC - FZ, based in Dubai. The investment will be made in cash, in one or more tranches, within 60 days, and the subsidiary will remain 100% owned by DRC Systems. The Dubai subsidiary operates in the IT and ITeS sector, with turnover growing from AED 26.19 lakh in FY23 to AED 1.23 crore in FY25. The company says the move is aimed at strengthening its presence in the Middle East and expanding services in cloud computing, AI, machine learning, ERP, digital marketing, and web/mobile app development.
This is a modest capital deployment to fund growth in an existing overseas subsidiary, not a new acquisition. For shareholders, the key thing to watch is whether the Middle East push translates into meaningful revenue contribution; the subsidiary's turnover has been growing rapidly but from a small base.