Genesys International soars 4% on tie-up with Survey of India for 3D mapping

Shares of Genesys International Corporation Limited surged over 4 percent to Rs 378 in the morning trade on November 23 after the company announced it tied up with Survey of India (SOI) to “revolutionise” India’s map content.

This strategic partnership aims to create digital twins of major cities and towns, leveraging SOI’s recently launched CORS network, which allows for real-time high-precision positioning data.

“This collaboration is aligned with India’s National Geospatial Policy 2022, promoting self-reliance in geospatial data production and usage,” the company said in a release on November 22. “This comprehensive dataset forms the bedrock for creating detailed and accurate urban representations.”

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SOI’s Continuously Operating Reference Stations (CORS) network comprising 902 stations across all states and union territories provides real-time and high-precision positioning data.

Genesys International has garnered acclaim for developing accurate, fully navigable road datasets encompassing 8.5 million kilometers, 40 million Points of Interest (POIs) and addresses, along with 1 million kilometers of 360-degree panoramic imagery across Indian towns and cities.

Surveyor General of India Hitesh Kumar said, “The 3D Digital Twin aimed to be created will be used by government departments for various new initiatives. The integration of our CORS technology with surveying expertise of private sector will enhance the usability and reliability of geospatial data.”

At 110.07 am, the stock was trading at Rs 360.75 on National Stock Exchange, down 0.19 percent from the previous close.

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