Acquisition of 13% stakes on Webricks Innovations Private Limited
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EKI Energy Services Ltd has approved acquiring a 13% stake in Webricks Innovations Private Limited for ₹10.37 crores (₹10,36,75,000), to be completed by May 30, 2025. Webricks is an Indore-based software services company focused on AI-driven CRM and sustainability solutions, with a turnover of just ₹18 lakhs as of March 31, 2024 (up from ₹1 lakh in FY23 and nil in FY22). The acquisition is not a related party transaction and will be funded through banking channels. EKI stated this is a strategic move to combine CRM capabilities with AI-powered sustainability and carbon management tools, supporting its net-zero service offerings for clients in solar, finance, and automotive sectors.
For shareholders, this is a small but strategic tech bet — EKI is paying ₹10.37 crores for a 13% stake in a very early-stage startup with minimal revenues, so the value lies in capability building (AI + sustainability) rather than immediate financial returns. Valuation appears rich relative to current turnover, so investors should watch for execution and integration milestones.