The Investment Committee of the Company, in its meeting held today, approved an investment of upto INR 8 crores in Installco Wify Technology Private Limited ("Wify") by way of subscription to Compulsorily Convertible Preference Shares for the acquisition of approximately 4.56% equity stake.
SIS · price
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SIS Limited's Investment Committee has approved an investment of up to INR 8 crores in Installco Wify Technology Private Limited ('Wify'), acquiring approximately 4.56% equity stake. The investment comprises INR 3.5 crores as primary investment via subscription to Compulsorily Convertible Preference Shares, and INR 4.5 crores as secondary investment through purchase of equity shares from existing shareholders. Wify is a B2B2C home improvement services platform that provides installation, warranty management, and repair services across 105 cities in India, with FY24-25 provisional revenue of INR 49.27 crores (up from INR 33.04 crores in FY23-24). This investment is part of SIS's 'SIS Ventures' program targeting early-stage tech-enabled companies that create synergies for its Security and Facility Management businesses. A senior management member will also personally co-invest INR 30 lakhs. The transaction is expected to close before August 31, 2025, is not a related-party transaction, and requires no government approvals.
This is a small strategic minority investment (~4.56% stake) under SIS's venture arm, not large enough to materially move the stock price. However, it signals SIS's intent to build tech-enabled adjacencies benefiting its core security and facility management customers, and could create long-term value if Wify scales further.