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.”

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..