Systems Limited
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| SYS | |
| Company type | Public |
| PSX: SYS KSE 100 component KSE 30 component | |
| ISIN | PK0109001013 |
| Industry | Software |
| Founded | 1977 |
| Founder | Aezaz Hussain |
| Headquarters | , |
Area served | World Wide |
Key people | Aezaz Hussain (Chairman & founder) Asif Peer (CEO) |
| Revenue |  Rs. 53.44 billion (US$190 million)[1] (2023) |
| Rs. 8.69 billion (US$30 million)[1] (2023) | |
| Total assets | Rs. 14.754 billion (US$51 million)[1] (2022) |
Number of employees | 5,320 (2022) |
| Subsidiaries | TechVista Systems, TechVista Qatar, Systems Arabia, NdcTech, Visionet |
| Website | systemsltd.com |
Systems Limited (SYS) is a Pakistani software development firm headquartered in Cantt, Lahore with local offices Karachi, Islamabad, Faislabad, and Multan, and offices/subsidiaries in Australia, Singapore, Malaysia, Saudi Arabia, Bahrain, Qatar, UAE, Egypt, South Africa, and Kenya. [2]
Systems is publicly listed on the Pakistan Stock Exchange with market capitalization of USD 559 million as of 19 May 2025.[3]
The firm is also engaged in services related to digital consulting, data and analytics, cloud operations, cybersecurity, emerging technologies, and business process outsourcing.[2]
It serves as the parent company of the Techvista Systems (United Arab Emirates), Systems Arabia (Saudi Arabia), Systems Misr (Egypt), and Techvista Qatar (Qatar), as well as NdcTech.
History
[edit]Systems Limited was established in 1977 as Pakistan's first software development firm.[4][5][6]
The company began its operations in the United States in 1997 and then in the United Arab Emirates in 2013. In the same year, Asif Peer was appointed as the CEO of Systems.[7]
The company went public with an initial public offering (IPO) on December 4, 2014 and is listed on the Pakistan Stock Exchange.[8] 13 million shares were initially listed on the Karachi, Islamabad, and Lahore exchanges.[9][10]
In September 2021, the share price of Systems Ltd reached Rs. 740.93 and the company's market capitalization rose to PKR 102 billion, making Systems Ltd the first Pakistani technology company to achieve a market valuation of PKR 100 billion.[11]
In August 2022, Systems Limited created a new subsidiary in Johannesburg, South Africa, becoming the first Pakistani technology company in Africa.[12]
In April 2025, Systems Limited reported a 28% year-on-year revenue growth, driven by continued expansion in the Gulf region and rising demand for enterprise digital services. The company also announced its strategic entry into the Central Asian market, targeting fintech and digital transformation projects.[13]
Awards and recognition
[edit]In 2019, Systems was recognised by the Pakistan Software Export Board's IT Export Awards, receiving the Platinum Awards in Top IT Export 2019 and Top IT Consultancy Services Exporter.[14] In 2020, the company was one of 200 companies internationally to be included in Forbes Asia's "Best Under a Billion" list.[15][16][17] In light of its recognition by Forbes, Systems was awarded federal recognition by Pakistan's Federal Minister for Information Technology & Telecommunication, and was also honoured by the Pakistan Stock Exchange in an awards ceremony.[18]
See also
[edit]References
[edit]- ^ a b c "SYSTEMS LIMITED". MarketScreener. Retrieved 19 June 2023.
- ^ a b "Company Overview | Systems Limited". www.systemsltd.com. Retrieved 19 May 2025.
- ^ "SYS - Stock quote for Systems Limited - Pakistan Stock Exchange (PSX)". dps.psx.com.pk. Retrieved 19 May 2025.
- ^ "Pakistan's Tech Giant Systems Ltd. Makes it to Forbes Asia's 200 Best Under A Billion". brecorder.com. Business Recorder. 20 November 2020. Retrieved 31 January 2021.
- ^ Dawn.com (4 December 2020). "2 Pakistani firms make it to Forbes' coveted 'under $1bn' list". DAWN.COM. Retrieved 31 January 2021.
- ^ "2 Pakistani companies in Forbes' coveted 'under $1 billion' list". gulfnews.com. 5 December 2020. Retrieved 31 January 2021.
- ^ "Asif peer appointed as MD of systems Ltd". Pro Pakistani. 9 January 2013. Retrieved 14 September 2021.
- ^ Khan, Mutaher (25 January 2021). "Systems Ltd: leading the tech wave". DAWN.COM. Retrieved 14 September 2021.
- ^ "Systems Ltd offer initial public offering". 3 December 2014. Retrieved 14 September 2021.
- ^ "These were top stocks at PSX 2020". 28 December 2020. Retrieved 14 September 2021.
- ^ "Systems Limited Becomes The First Pakistani IT Company To Cross Rs. 100 Billion Market Value | The Pakistan Post". ThePakistanPost.net. 3 September 2021. Retrieved 14 September 2021.
- ^ "Systems Limited expands into South Africa". Lahore Herald. 14 August 2022.
- ^ "Systems Limited announces Q1 results, expands into Central Asia". Business Recorder. 30 April 2025. Retrieved 5 May 2025.
- ^ "Systems Ltd bags two at PSEB IT exports awards 2019". 24 August 2020. Retrieved 14 September 2021.
- ^ "Forbes Asia Best Under A Billion 2022". Forbes. Retrieved 1 November 2022.
- ^ "Asia's 200 Best Under A Billion". Forbes. Retrieved 14 September 2021.
- ^ "PSX marks Searle, Systems, Feroz1888's Forbes moment". www.thenews.com.pk. Retrieved 14 September 2021.
- ^ "System Ltd awarded federal recognition for its achievements". Technology Times. 4 January 2021. Retrieved 14 September 2021.
