Sellwin To Acquire Majority Stake in Dubai’s GMIIT

22 Aug 2025 CW Team

Sellwin Traders Limited (BSE: 538875) has signed a Memorandum of Understanding (MoU) with Dubai-based Global Market Insights IT Services LLC (GMIIT) to form a strategic partnership aimed at strengthening and expanding GMIIT’s operations in the Gulf region.

As part of the agreement, Sellwin Traders will acquire a controlling stake of more than 51 per cent equity in GMIIT through an investment of around USD 1 million (approximately Rs 85 million), thereby making it a subsidiary. The partnership represents a significant step in Sellwin’s diversification strategy while providing GMIIT with the financial and strategic support needed to scale its regional presence. Sellwin expects an annual return on investment of 7 per cent or more.

The MoU will remain valid for six months or until the signing of a definitive agreement. Both companies will jointly focus on expanding IT services, consulting, market research, and digital solutions across the Gulf. The partnership also envisions joint branding and marketing initiatives to strengthen visibility and client engagement in the region.

The investment may be structured through cash, kind, or share swaps, subject to mutually agreed terms and due diligence. Sellwin will also gain the right to appoint a majority of directors to GMIIT’s board, with key management positions finalised collaboratively.

Monil Vora, Director of Sellwin Traders Limited, said:

“This strategic investment reflects our vision to enter high-growth, future-ready sectors. The Gulf is a hub for digital transformation, and through this partnership, we aim to deliver innovative IT and consulting solutions for global clients. GMIIT already operates platforms in India, Qatar, Canada, the UK, and Saudi Arabia.”

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