Systems Limited
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| SYS | |
| Company type | Public |
| PSX: SYS KSE 100 component KSE 30 component | |
| ISIN | PK0109001013 |
| Industry | Software |
| Founded | 1977 |
| Founder | Aezaz Hussain |
| Headquarters | , |
Area served | World Wide |
Key people | Aezaz Hussain (Chairman & founder) Asif Peer (CEO) |
| Revenue |  Rs. 53.44 billion (US$190 million)[1] (2023) |
| Rs. 8.69 billion (US$30 million)[1] (2023) | |
| Total assets | Rs. 14.754 billion (US$51 million)[1] (2022) |
Number of employees | 5,320 (2022) |
| Subsidiaries | TechVista Systems, TechVista Qatar, Systems Arabia, NdcTech, Visionet |
| Website | systemsltd.com |
Systems Limited (SYS) is a publicly listed Pakistani multinational technology company, engaged in mortgage, apparel, retail and BPO services. It serves as the parent company of the Techvista Systems (United Arab Emirates), Systems Arabia (Saudi Arabia), Systems Misr (Egypt), and Techvista Qatar (Qatar), as well as NdcTech. As of June 2023, its market capitalisation stands at approximately US$441 million.[2][3]
History
[edit]Systems Limited was established in 1977.[4] The company is Pakistan's first software house.[4][5][6]
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.[7] The company went public with an initial public offering (IPO) on December 4, 2014 and is listed on the Pakistan Stock Exchange.[8] 13 million shares were listed on the Karachi, Islamabad, and Lahore stock exchanges.[9][10]
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.[11]
In August 2022, Systems Limited created a new subsidiary in Johannesburg, South Africa, becoming the first Pakistani IT company in Africa.[12]
See also
[edit]References
[edit]- ^ a b c "SYSTEMS LIMITED". MarketScreener. Retrieved 19 June 2023.
- ^ "Stock quote for Systems Limited - Pakistan Stock Exchange". Retrieved 1 November 2022.
- ^ "Asia's 200 Best Under A Billion". Forbes.
- ^ a b "Pakistan's Tech Giant Systems Ltd. Makes it to Forbes Asia's 200 Best Under A Billion". brecorder.com. Business Recorder. 20 November 2020. Retrieved 31 January 2021.
- ^ Dawn.com (4 December 2020). "2 Pakistani firms make it to Forbes' coveted 'under $1bn' list". DAWN.COM. Retrieved 31 January 2021.
- ^ "2 Pakistani companies in Forbes' coveted 'under $1 billion' list". gulfnews.com. 5 December 2020. Retrieved 31 January 2021.
- ^ "Asif peer appointed as MD of systems Ltd". Pro Pakistani. 9 January 2013. Retrieved 14 September 2021.
- ^ Khan, Mutaher (25 January 2021). "Systems Ltd: leading the tech wave". DAWN.COM. Retrieved 14 September 2021.
- ^ "Systems Ltd offer initial public offering". 3 December 2014. Retrieved 14 September 2021.
- ^ "These were top stocks at PSX 2020". 28 December 2020. Retrieved 14 September 2021.
- ^ "Systems Limited Becomes The First Pakistani IT Company To Cross Rs. 100 Billion Market Value | The Pakistan Post". ThePakistanPost.net. 3 September 2021. Retrieved 14 September 2021.
- ^ "Systems Limited expands into South Africa". Lahore Herald. 14 August 2022.
