Zen Technologies Secures ₹46 Crore Annual Maintenance Contract with Ministry of Defence

On October 1, 2024, Zen Technologies Limited (Zen) announced that it has secured an Annual Maintenance Contract (AMC) valued at ₹46 crore (inclusive of 18% GST) with the Ministry of Defence. This 5-year agreement is designed to ensure the continuous maintenance of advanced simulators developed by Zen, reinforcing the company’s commitment to supporting India’s defence forces.

The AMC not only strengthens Zen’s partnership with the Ministry of Defence but also showcases the Ministry’s confidence in Zen’s cutting-edge defence solutions. This contract highlights Zen’s capability to address the complex operational requirements of the defence sector through its state-of-the-art simulator technology.

As a leader in the defence simulation space, Zen Technologies is dedicated to maintaining the highest standards of operational readiness and providing essential maintenance support for the Ministry of Defence’s critical assets. This contract further cements Zen’s role in enhancing the capabilities and efficiency of India’s armed forces through innovative simulation solutions.

Meanwhile, the company announced the grant of its latest Indian patent for the “Infantry Virtual Training Simulation System (IVTSS)” on September 30, 2024. This patent, which was filed on December 29, 2022, is valid until December 29, 2042. It marks the company’s 19th patent granted in the calendar year 2024 and the 9th for the financial year 2024-25.

The IVTSS is a cutting-edge simulation system designed to provide military personnel with a realistic and immersive virtual training environment. It integrates multiple simulation stations, allowing for comprehensive infantry training that meets the evolving demands of modern warfare. The system accommodates various training scenarios, including small arms handling, tactical decision-making, mortar detachment training, and more.

About Zen Technologies Limited

Zen Technologies Ltd specialises in designing, developing, and manufacturing combat training solutions and counter-drone systems for defence and security forces. The company is committed to indigenising technologies that benefit the Indian armed forces, state police, and paramilitary units. Headquartered in Hyderabad, India, Zen Technologies also has offices in the UAE and the USA.

On October 01, 2024, the share price of Zen Technologies Ltd opened at ₹1,729.65, touching the day’s high at ₹1,731.00, as of 10:15 AM on the NSE.

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