Systems Ltd

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Systems Limited
SYS
TypePublic
ISINPK0109001013
IndustryArtificial intelligence
Cloud computing
Consulting
Blockchain
Computer hardware
Software
Data Science
Founded1977; 45 years ago (1977)
FounderAezaz Hussain
HeadquartersE-1, Sehjpal Near DHA Phase-VIII (Ex-Air Avenue),
Lahore, Punjab
,
Pakistan
Area served
WorldWide
Key people

(Chairman & Founder)

(CEO)
Services
RevenueIncrease ₨9,876,827,710 (2020)
Increase ₨2,113,716,697
Increase ₨2,193,914,942
Total assetsIncrease ₨9,834,639,018
Number of employees
Increase 4,271 (2022)
SubsidiariesVisionet Systems, TechVista Systems, TechVista Qatar, Systems Arabia
Websitesystemsltd.com

Systems Limited (SYS) is a Pakistani digital technology company.

In the US, it has developed a presence in the Mortgage, Apparel, Retail & BPO services. Systems is the parent company of subsidiaries established in the United Arab Emirates (Techvista Systems), Saudi Arabia(Systems Arabia), and Qatar(Techvista Qatar) respectively.

History[]

Systems Limited was established in 1977.[1] The company is the Pakistan's first software house.[1][2][3]

The company began its operations in the United States in 1997 and then in the United Arab Emirates in 2013. In the same year, Asif Peer was appointed as the CEO of Systems.[4] The company went public with an initial public offering (IPO) on December 4, 2014, and is now one of the largest IT exporters listed on the Pakistan Stock Exchange.[5] 13 million shares were listed on the Karachi, Islamabad, and Lahore stock exchanges.[6] In 2020, the company was the top performer in tech stocks, despite the COVID-19 pandemic.[7]

In the quarter ended 31 March 2021, consolidated revenue grew by 37% from Rs. 2,231.85 million to Rs. 3,047.76 million, while net profit for the period increased by 14% from 526.80 million to Rs. 601.86 million This is largely in part due to growth in each of the four regions the company operates in and an increase in exports sales.[citation needed]

In September 2021, the share price of Systems Ltd reached Rs. 740.93 and the company's market value became Rs. 102 billion, making Systems Ltd the first Pakistani IT company to cross market value of PKR 100 billion.[8]

Services[]

Systems Limited operates in various areas such as digital consultancy, business applications, data management & analytics, cloud services, application development, application integration, security, IT infrastructure, user experience, cloud team, quality assurance, and application modernization. Additionally, Systems has a business process outsourcing (BPO) unit and teams of contact center staff for their clients' front-office and back-office operations.

Awards and recognition[]

In 2019, Systems was recognized by the Pakistan Software Export Board's IT Export Awards, receiving the Platinum Awards in Top IT Export 2019 and Top IT Consultancy Services Exporter.[9] In 2020, the company was one of 200 companies internationally to be included in Forbes Asia's "Best Under a Billion" list.[10][11] In light of its recognition by Forbes, Systems was awarded federal recognition by Pakistan's Federal Minister for Information Technology & Telecommunication,Syed Aminul Haque, and was also honored by the Pakistan Stock Exchange in an awards ceremony.[12]

References[]

  1. ^ a b Desk, BR Web (2020-11-20). "Pakistan's Tech Giant Systems Ltd. Makes it to Forbes Asia's 200 Best Under A Billion". Brecorder. Retrieved 2021-01-31.
  2. ^ Dawn.com (2020-12-04). "2 Pakistani firms make it to Forbes' coveted 'under $1bn' list". DAWN.COM. Retrieved 2021-01-31.
  3. ^ "2 Pakistani companies in Forbes' coveted 'under $1 billion' list". gulfnews.com. Retrieved 2021-01-31.
  4. ^ "Asif peer appointed as MD of systems Ltd". Pro Pakistani. January 9, 2013. Retrieved 14 September 2021.
  5. ^ Khan, Mutaher (25 January 2021). "Systems Ltd: leading the tech wave". DAWN.COM. Retrieved 14 September 2021.
  6. ^ "Systems Ltd offer initial public offering". December 3, 2014. Retrieved 14 September 2021.
  7. ^ "These were top stocks at PSX 2020". December 28, 2020. Retrieved 14 September 2021.
  8. ^ "Systems Limited Becomes The First Pakistani IT Company To Cross Rs. 100 Billion Market Value | The Pakistan Post". ThePakistanPost.net. September 3, 2021. Retrieved 14 September 2021.
  9. ^ "Systems Ltd bags two at PSEB IT exports awards 2019". August 24, 2020. Retrieved 14 September 2021.
  10. ^ "Asia's 200 Best Under A Billion". Forbes. Retrieved 14 September 2021.
  11. ^ "PSX marks Searle, Systems, Feroz1888's Forbes moment". www.thenews.com.pk. Retrieved 14 September 2021.
  12. ^ "System Ltd awarded federal recognition for its achievements". Technology Times. January 4, 2021. Retrieved 14 September 2021.

External links[]

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