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Datamatics Wins the Rail Analysis India Awards 2019 for Automated Fare Collection technology

Posted On: 2019-02-05 09:00:36

Datamatics Global Services Ltd. (DGSL), a global IT & BPM company, today announced that it has won the Rail Analysis India Award 2019 in IT Solutions category for its Automated Fare Collection system. Automated Fare Collection, popularly known as AFC, helps in the collection of components that automates the ticketing system of a public transportation network - an automated version of manual fare collection. Rail Analysis India Awards 2019 honours the companies, professionals and individuals, who have demonstrated their creativity, innovative solutions, excellence and expertise in the railway and metro sector.

They follow a two-step process including validating, scrutinising and tabulating all the applications followed by voting the shortlisted application by other nominees for each award.

Automated Fare Collection (AFC) has been a key focus area for Datamatics and over the last 15 years, the company has been instrumental in successfully executing over 25 marquee projects in the tier 1 metropolitan cities across the globe. The current project in India for Lucknow Metro Project included design, supply, installation and end-to-end testing of the AFC system. The first phase of this project has already gone live with 8 stations. This is the fastest rolled-out AFC system in India till date.

Sanjeev Subhedar, Executive Vice President & Head - Engineering Solutions, Datamatics Global Services Ltd. said, "With the continued urbanization and growth of Smart cities the demand for seamless travel experience is growing globally and especially in growing economies like India. Automatic Fare Collection is the key enabler for smart transit and it is growing rapidly. Datamatics is well positioned in this space, being the only Indian company to have highly evolved AFC solution that supports Open Loop/Stored Value Smart card as well as QR code, Mobile and NFC based ticketing. We are proud to be recognized by the Rail Analysis India".

Shares of DATAMATICS GLOBAL SERVICES LTD. was last trading in BSE at Rs.97.6 as compared to the previous close of Rs. 100. The total number of shares traded during the day was 5570 in over 79 trades.

The stock hit an intraday high of Rs. 101.7 and intraday low of 97.5. The net turnover during the day was Rs. 548056.


Source: Equity Bulls

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