Key Quantitative Figures
- Contract Tenure: 5 years
- Monthly Service Charges: ₹7.50 lakh, inclusive of applicable GST
- Base Contract Value: ₹45 crore, inclusive of GST, over 5 years
- Annual Escalation: 10% as per agreed commercial terms
Parties Involved
- Purple Wave Infocom Limited (BSE SME-listed company)
- Vexto Commercials Pvt. Ltd. (Counterparty)
- Project Location: Neo Square, Sector 109, Gurugram, Haryana
Purpose and Scope
The agreement represents a Digital Screens-as-a-Service (DSaaS) engagement where Purple Wave Infocom will undertake:
- Supply, installation, commissioning, operation and maintenance of integrated technology infrastructure
- Specific components include: Indoor LED display screens, Outdoor LED display screens, Lift-lobby display screens, Hygi Air systems for washrooms/restrooms, Digital automated vending kiosk at reception, and Cloud-based content management and monitoring software
- Additional services: Technical support, preventive and corrective maintenance, content management support, and remote monitoring of deployed systems
Strategic Significance and Business Impact
The agreement strengthens the company's focus on developing recurring-service and technology-as-a-service business models in the Professional AV segment. The DSaaS model enables the combination of hardware, software, deployment, operations and lifecycle maintenance services into an integrated offering for commercial properties. The five-year engagement provides long-term service relationship and recurring monthly revenue opportunity.
Management Commentary
Mr. Manoj Kumar Singh, Chairman & Managing Director, stated: "We are pleased to enter into this five-year Digital Screens-as-a-Service engagement with Vexto Commercials Pvt. Ltd. The agreement represents an important step in strengthening our service-led business model and expanding our recurring-revenue opportunities. By combining Professional AV infrastructure, digital signage, software and lifecycle support, we aim to provide integrated technology solutions that address the evolving requirements of modern commercial spaces."
Company Background
Purple Wave Infocom Limited is engaged in Professional Audio-Visual and technology solutions business, providing integrated solutions across digital display and signage, LED display solutions, content management and technology-enabled facility solutions.