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VAMA

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uuid000d8nu

Namestring
VAMA
Legal namestring
VAMA Industries Limited
Websiteurl
vamaind.com
Company typeenum
Public
Founded yearint
1985
Descriptiontext

VAMA Industries Limited (BSE: 512175) is a Hyderabad-headquartered, publicly listed Indian IT services and engineering solutions provider organized around three service lines. Engineering Services covers CAD conversion, product design and development, BIM, and electrical engineering for aerospace, automotive, mechanical, heavy engineering, construction, and oil and gas clients. IT Services and Consulting spans IoT, cloud computing, BI and analytics, software development, and database and blockchain services. IT Infrastructure Solutions delivers data center implementation, high-performance computing, remote infrastructure management, IT consulting, and infrastructure management services.

The company operates as a system integrator and turnkey project provider, primarily through project-based and time-and-materials professional services contracts, supplemented by select hardware product sales tied to after-market support. Customer concentration sits with Indian government, defence, and space entities — ISRO, DRDO, HAL, C-DAC, NRSC, BDL, NTRO, and ISTRAC — alongside an unspecified set of North American Fortune 500 enterprises served offshore through a 100% wholly owned Singapore subsidiary, VAMA Technologies Pte. Ltd. Revenue mechanics are anchored on multi-vendor integration bids supported by a technology partner ecosystem that includes Altair, Dell EMC, NetApp, VMware, Microsoft, ANSYS, HPE, and SYNOPSYS.

Financially, VAMA reported FY2025-26 annual sales of Rs 13.03 crore, a sharp 79.73% decline from Rs 64.29 crore in FY2024-25, with a net loss of Rs 2.34 crore versus a Rs 1.80 crore net profit the prior year. Q4 FY2026 sales recovered 49.66% year-over-year to Rs 6.51 crore, but the absolute run-rate remains small. The company is CMMI Level 3 certified, holds ISO 27001:2022, ISO 20000-1:2018, and ISO 9001:2015 certifications, and maintains a pan-India office footprint in Hyderabad, Delhi, Pune, and Chennai in addition to the Singapore office.

Short descriptiontext

VAMA Industries Limited is a Hyderabad-based, publicly listed Indian IT services and engineering solutions provider offering CAD/BIM engineering, IT consulting, and IT infrastructure services to Indian defence and space agencies and North American Fortune 500 enterprises.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersHyderabad, India
HQ citystring
Hyderabad
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
engineering services, CAD conversion services, IT infrastructure solutions, system integration services, high performance computing
Industry2 codes
1Strategy & IT Advisory
CodeBPAEAAAAPrimaryYes
2ITSM Governance, Compliance & Audit Readiness
CodeBPAEAJAMPrimaryNo
NAICS code2 codes
  • Computer Systems Design and Related Services54151
  • Computer Systems Design Services541512
SIC code1 code
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
IT Services and Engineering Solutions
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Engineering Services
TypeProfessional Services
Description

CAD services, product design and development, BIM, electrical engineering, and after-market support billed on project or time-and-materials basis.

business-standard.com
2IT Services and Consulting
TypeProfessional Services
Description

IoT, cloud computing, BI and analytics, software development, database services, and blockchain services provided to enterprise and government clients.

vamaind.com
3IT Infrastructure Solutions
TypeManaged Services
Description

Data center implementation, HPC, remote infrastructure management, and infrastructure consulting delivered as system integration and managed services.

vamaind.com
4Turnkey Projects
TypeOthers
Description

Large-scale turnkey projects for Defence, Space, and C-DAC sectors involving complete project delivery.

vamaind.com
5Product Sales
TypeHardware Sales
Description

Sales of products showcased in catalogues with supporting rendering and brochures, as part of after-market support services.

business-standard.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

VAMA Industries Limited provides engineering, IT consulting, and IT infrastructure services to enterprise and government clients across India and North America. Its three core practices cover CAD/BIM engineering, product design and development, after-market rendering and catalogues, IoT, cloud computing, BI/analytics, software development, blockchain/database services, data center implementation, high-performance computing, and remote infrastructure management. The company acts as a system integrator delivering turnkey projects for Defence, Space, and C-DAC clients in India and offshore services to Fortune 500 companies via its Singapore subsidiary.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

VAMA Industries is an IT services and engineering solutions provider offering three interconnected service portfolios: Engineering Services, IT Services and Consulting, and IT Infrastructure Solutions. The Engineering Services division provides CAD and engineering data management, product design and development, after-market support, BIM services, and electrical engineering. The IT Services and Consulting practice covers IoT, cloud computing, BI and analytics, software development, and database/blockchain services. The IT Infrastructure Solutions group delivers data center implementation, high-performance computing, remote infrastructure management, IT infrastructure consulting, and infrastructure management services. The company serves defense, space, and aerospace sectors with turnkey projects and has a 100% subsidiary in Singapore (VAMA Technologies Pte. Ltd.).

Product and service15 records
1CAD & Engineering Data Management
CategoryEngineering Services
2Product Design and Development
CategoryEngineering Services
3After Market Support
CategoryEngineering Services
4BIM (Building Information Modeling)
CategoryEngineering Services
5Electrical Engineering
CategoryEngineering Services
6Internet Of Things
CategoryIT Services and Consulting
7Cloud Computing
CategoryIT Services and Consulting
8BI and Analytics
CategoryIT Services and Consulting
9Software Development
CategoryIT Services and Consulting
10Database Services & Blockchain
CategoryIT Services and Consulting
11Data Center Implementation
CategoryIT Infrastructure Solutions
12High Performance Computing (HPC)
CategoryIT Infrastructure Solutions
13Remote Infrastructure Management
CategoryIT Infrastructure Solutions
14IT Infrastructure Consulting
CategoryIT Infrastructure Solutions
15Infrastructure Management Services
CategoryIT Infrastructure Solutions
Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeTechnology or Integration
Description

Leading partner for engineering simulation and HPC solutions. VAMA is a leading partner with Altair for high-performance computing services.

Strategic tierCoreTypeTechnology or Integration
Description

Strategic partner for data center infrastructure, storage solutions, and enterprise hardware.

Strategic tierCoreTypeTechnology or Integration
Description

Partner for data storage solutions and cloud data management services.

Strategic tierCoreTypeTechnology or Integration
Description

Technology partner for electronic design automation and semiconductor IP solutions.

Strategic tierCoreTypeTechnology or Integration
Description

Premier VMware Partner providing virtualization and cloud infrastructure solutions.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeEmerging player
Description

Smaller Indian digital transformation and IT services firm with cloud, IoT, and enterprise software offerings. Comparable as a similarly-sized Indian competitor in IT services and consulting.

TypeBroad incumbent
Description

Indian IT services company with cloud, data, and infrastructure management practices, including government and defence exposure. Comparable to VAMA in IT infrastructure solutions and managed services, though at greater scale.

TypeDirect peer
Description

India-headquartered engineering and IT services firm with strong aerospace, defence, and design-to-build capabilities. Closely comparable to VAMA in CAD/BIM, engineering services, and system integration for aerospace and defence customers.

TypeDirect peer
Description

Design and technology services company offering product design, CAD/CAE, and embedded software across automotive, aerospace, and broadcast. Comparable to VAMA in design-led engineering services blending with software and systems work.

TypeDirect peer
Description

Pure-play ER&D services firm with deep exposure to defence, aerospace, and industrial engineering. Overlaps VAMA in turnkey engineering and defence/Space system integration engagements.

TypeBroad incumbent
Description

Mid-tier Indian IT services company with broad digital, cloud, and data capabilities. Comparable to VAMA's IT services and consulting stack though far larger and more enterprise-weighted.

TypeBroad incumbent
Description

Indian IT services firm serving manufacturing, energy, and BFSI with cloud, analytics, and ERP services. Comparable in IT consulting and infrastructure modernization offerings though at meaningfully larger scale.

TypeBroad incumbent
Description

Mid-sized Indian IT services and digital solutions provider with infrastructure management and cloud practices. Comparable to VAMA's remote infrastructure management and cloud services lines.

TypeBroad incumbent
Description

Large Indian IT services and consulting firm with system integration, cloud, and digital engineering capabilities. Overlaps VAMA across IT consulting, infrastructure, and digital engineering, but at much greater scale.

TypeDirect peer
Description

Engineering services firm (now part of HCL Tech) historically focused on CAD, PLM, and mechanical engineering services — directly comparable to VAMA's engineering services and product design lines.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers10 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability7 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

VAMA

IT Services and Engineering Solutionsvamaind.com

VAMA Industries Limited is a Hyderabad-based, publicly listed Indian IT services and engineering solutions provider offering CAD/BIM engineering, IT consulting, and IT infrastructure services to Indian defence and space agencies and North American Fortune 500 enterprises.

What VAMA does

VAMA Industries Limited (BSE: 512175) is a Hyderabad-headquartered, publicly listed Indian IT services and engineering solutions provider organized around three service lines. Engineering Services covers CAD conversion, product design and development, BIM, and electrical engineering for aerospace, automotive, mechanical, heavy engineering, construction, and oil and gas clients. IT Services and Consulting spans IoT, cloud computing, BI and analytics, software development, and database and blockchain services. IT Infrastructure Solutions delivers data center implementation, high-performance computing, remote infrastructure management, IT consulting, and infrastructure management services.

The company operates as a system integrator and turnkey project provider, primarily through project-based and time-and-materials professional services contracts, supplemented by select hardware product sales tied to after-market support. Customer concentration sits with Indian government, defence, and space entities — ISRO, DRDO, HAL, C-DAC, NRSC, BDL, NTRO, and ISTRAC — alongside an unspecified set of North American Fortune 500 enterprises served offshore through a 100% wholly owned Singapore subsidiary, VAMA Technologies Pte. Ltd. Revenue mechanics are anchored on multi-vendor integration bids supported by a technology partner ecosystem that includes Altair, Dell EMC, NetApp, VMware, Microsoft, ANSYS, HPE, and SYNOPSYS.

Financially, VAMA reported FY2025-26 annual sales of Rs 13.03 crore, a sharp 79.73% decline from Rs 64.29 crore in FY2024-25, with a net loss of Rs 2.34 crore versus a Rs 1.80 crore net profit the prior year. Q4 FY2026 sales recovered 49.66% year-over-year to Rs 6.51 crore, but the absolute run-rate remains small. The company is CMMI Level 3 certified, holds ISO 27001:2022, ISO 20000-1:2018, and ISO 9001:2015 certifications, and maintains a pan-India office footprint in Hyderabad, Delhi, Pune, and Chennai in addition to the Singapore office.

VAMA firmographics

Firmographics
Name
VAMA
Legal name
VAMA Industries Limited
Website
https://vamaind.com
Company type
Public
Founded year
1985
Operating status
Operating
Headcount range
101–250 employees
Short description
VAMA Industries Limited is a Hyderabad-based, publicly listed Indian IT services and engineering solutions provider offering CAD/BIM engineering, IT consulting, and IT infrastructure services to Indian defence and space agencies and North American Fortune 500 enterprises.
Ownership category
akta.pro rank

VAMA industry classification

Industry
Product category
IT Services and Engineering Solutions
NAICS
Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
SIC
Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro primary industry
Strategy & IT Advisory (BPAEAAAA)
akta.pro secondary industry
ITSM Governance, Compliance & Audit Readiness (BPAEAJAM)

Keywords

  • Engineering services
  • CAD conversion services
  • IT infrastructure solutions
  • System integration services
  • High performance computing

Where VAMA is headquartered

Location

Headquarters

HQ city
Hyderabad
HQ country
India
HQ region
Asia

Offices5 records

Markets served

VAMA business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

  1. Engineering Services: CAD services, product design and development, BIM, electrical engineering, and after-market support billed on project or time-and-materials basis.
  2. IT Services and Consulting: IoT, cloud computing, BI and analytics, software development, database services, and blockchain services provided to enterprise and government clients.
  3. IT Infrastructure Solutions: Data center implementation, HPC, remote infrastructure management, and infrastructure consulting delivered as system integration and managed services.
  4. Turnkey Projects: Large-scale turnkey projects for Defence, Space, and C-DAC sectors involving complete project delivery.
  5. Product Sales: Sales of products showcased in catalogues with supporting rendering and brochures, as part of after-market support services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

VAMA product offering

Product offering

Core offering

VAMA Industries Limited provides engineering, IT consulting, and IT infrastructure services to enterprise and government clients across India and North America. Its three core practices cover CAD/BIM engineering, product design and development, after-market rendering and catalogues, IoT, cloud computing, BI/analytics, software development, blockchain/database services, data center implementation, high-performance computing, and remote infrastructure management. The company acts as a system integrator delivering turnkey projects for Defence, Space, and C-DAC clients in India and offshore services to Fortune 500 companies via its Singapore subsidiary.

Product overview

VAMA Industries is an IT services and engineering solutions provider offering three interconnected service portfolios: Engineering Services, IT Services and Consulting, and IT Infrastructure Solutions. The Engineering Services division provides CAD and engineering data management, product design and development, after-market support, BIM services, and electrical engineering. The IT Services and Consulting practice covers IoT, cloud computing, BI and analytics, software development, and database/blockchain services. The IT Infrastructure Solutions group delivers data center implementation, high-performance computing, remote infrastructure management, IT infrastructure consulting, and infrastructure management services. The company serves defense, space, and aerospace sectors with turnkey projects and has a 100% subsidiary in Singapore (VAMA Technologies Pte. Ltd.).

Differentiator

Problem solved

Functional benefit

Products and services

  • CAD & Engineering Data Management
  • Product Design and Development
  • After Market Support
  • BIM (Building Information Modeling)
  • Electrical Engineering
  • Internet Of Things
  • Cloud Computing
  • BI and Analytics
  • Software Development
  • Database Services & Blockchain
  • Data Center Implementation
  • High Performance Computing (HPC)
  • Remote Infrastructure Management
  • IT Infrastructure Consulting
  • Infrastructure Management Services

Companies that use VAMA

Customer profile

Named customers10 records

Segments5 records

Ideal customer profiles3 records

VAMA technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

VAMA partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core.

  • AltaircoreTechnology or IntegrationLeading partner for engineering simulation and HPC solutions. VAMA is a leading partner with Altair for high-performance computing services.
  • Dell EMCcoreTechnology or IntegrationStrategic partner for data center infrastructure, storage solutions, and enterprise hardware.
  • NetAppcoreTechnology or IntegrationPartner for data storage solutions and cloud data management services.
  • SYNOPSYScoreTechnology or IntegrationTechnology partner for electronic design automation and semiconductor IP solutions.
  • VMwarecoreTechnology or IntegrationPremier VMware Partner providing virtualization and cloud infrastructure solutions.

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

VAMA competitors and assessment

Company assessment

Emerging players

  • Kellton Tech Solutions: Smaller Indian digital transformation and IT services firm with cloud, IoT, and enterprise software offerings. Comparable as a similarly-sized Indian competitor in IT services and consulting.

Broad incumbents

  • Coforge: Indian IT services company with cloud, data, and infrastructure management practices, including government and defence exposure. Comparable to VAMA in IT infrastructure solutions and managed services, though at greater scale.
  • Persistent Systems: Mid-tier Indian IT services company with broad digital, cloud, and data capabilities. Comparable to VAMA's IT services and consulting stack though far larger and more enterprise-weighted.
  • Birlasoft: Indian IT services firm serving manufacturing, energy, and BFSI with cloud, analytics, and ERP services. Comparable in IT consulting and infrastructure modernization offerings though at meaningfully larger scale.
  • Zensar Technologies: Mid-sized Indian IT services and digital solutions provider with infrastructure management and cloud practices. Comparable to VAMA's remote infrastructure management and cloud services lines.
  • Mindtree (LTIMindtree): Large Indian IT services and consulting firm with system integration, cloud, and digital engineering capabilities. Overlaps VAMA across IT consulting, infrastructure, and digital engineering, but at much greater scale.

Direct peers

  • Cyient: India-headquartered engineering and IT services firm with strong aerospace, defence, and design-to-build capabilities. Closely comparable to VAMA in CAD/BIM, engineering services, and system integration for aerospace and defence customers.
  • Tata Elxsi: Design and technology services company offering product design, CAD/CAE, and embedded software across automotive, aerospace, and broadcast. Comparable to VAMA in design-led engineering services blending with software and systems work.
  • L&T Technology Services: Pure-play ER&D services firm with deep exposure to defence, aerospace, and industrial engineering. Overlaps VAMA in turnkey engineering and defence/Space system integration engagements.
  • Geometric (now HCL Technologies Engineering R&D): Engineering services firm (now part of HCL Tech) historically focused on CAD, PLM, and mechanical engineering services — directly comparable to VAMA's engineering services and product design lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

VAMA social profiles

Digital presence

VAMA compliance and trust

Trust signal

Compliance4 records

VAMA financial estimates

Financial estimate

Revenue estimate

Valuation estimate

VAMA leadership team

Management profile

Number of profiles

Profiles8 records

VAMA subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

VAMA funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

VAMA M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VAMA

What does VAMA do?

VAMA Industries Limited provides engineering, IT consulting, and IT infrastructure services to enterprise and government clients across India and North America. Its three core practices cover CAD/BIM engineering, product design and development, after-market rendering and catalogues, IoT, cloud computing, BI/analytics, software development, blockchain/database services, data center implementation, high-performance computing, and remote infrastructure management. The company acts as a system integrator delivering turnkey projects for Defence, Space, and C-DAC clients in India and offshore services to Fortune 500 companies via its Singapore subsidiary.

Is VAMA a public or private company?

VAMA is a public company. It is classified as public and is currently operating.

When was VAMA founded?

VAMA was founded in 1985. It employs 101 to 250 people.

Where is VAMA based?

VAMA is headquartered in Hyderabad, India, in the Asia region.

How does VAMA make money?

Five revenue lines are on record. Engineering Services are the primary driver. The others are IT Services and Consulting, IT Infrastructure Solutions, turnkey Projects and product Sales.

Who are VAMA's main competitors?

Kellton Tech Solutions is listed as an emerging player. Broad incumbents are Coforge, Persistent Systems, Birlasoft, Zensar Technologies and Mindtree (LTIMindtree). Direct peers are Cyient, Tata Elxsi, L&T Technology Services and Geometric (now HCL Technologies Engineering R&D).

Does VAMA have an API?

No public API is recorded for VAMA.

What industry is VAMA in?

VAMA's product category is IT Services and Engineering Solutions. Its primary akta.pro industry code is BPAEAAAA, Strategy & IT Advisory, with a secondary code of BPAEAJAM, ITSM Governance, Compliance & Audit Readiness. Its NAICS code is 54151 and its SIC code is 7370.

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Live signals
Business StandardVama Industries reports consolidated net loss of Rs 1.54 crore in the June 2026 quarterVama Industries reported a consolidated net loss of Rs 1.54 crore for the quarter ended June 2026, an improvement from the Rs 2.07 crore loss in the same period last year. The company's sales declined sharply by 70.78% to Rs 0.45 crore during this quarter.Business StandardVama Industries reports consolidated net loss of Rs 0.22 crore in the March 2026 quarterVama Industries reported a consolidated net loss of Rs 0.22 crore for the quarter ended March 2026, reversing from a net profit of Rs 0.67 crore in the same quarter of the previous year, while quarterly sales rose 49.66% to Rs 6.51 crore. For the full year ended March 2026, the company posted a net loss of Rs 2.34 crore compared to a net profit of Rs 1.80 crore in the prior year, with annual sales declining sharply by 79.73% to Rs 13.03 crore from Rs 64.29 crore.Business StandardLatest Stock Market News, Sensex Today and Nifty Live UpdatesVama Industries Ltd has scheduled a board meeting on February 13, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ending December 31, 2025.The Times of IndiaSensex falls! But these stocks are up over 10% on BSE - The Economic TimesIndian equity indices BSE Sensex and NSE Nifty fell on Tuesday, February 11, 2025, with the Sensex dropping 258.62 points to 77,053.18 and Nifty falling 85.1 points to 23,296.5 amid selling in frontline bluechip counters. Despite the broader market decline, several stocks rallied over 10%, with Vama Industries leading at 14.28%, while 16 of 50 Nifty stocks ended in positive territory. An analyst from HDFC Securities noted high volatility patterns at swing highs in Monday's trading session.The Times of IndiaSensex falls! But these stocks are up over 10% on BSE - The Economic TimesIndian equity indices BSE Sensex and NSE Nifty declined on Monday, with the Sensex falling 561.43 points to 77,298.76 and the Nifty dropping 179.21 points to 23,380.75, as frontline bluechip stocks saw selling pressure with 39 of 50 Nifty stocks trading in red. Despite the broad market decline, several stocks surged over 10% on BSE, led by Pasupati Spinning (14.30%), IVP Ltd (12.01%), Vama Industries (11.80%), Dhunseri Petrochem (10.39%), and Hexa Tradex (10.00%).