Press Release
VIS Reaffirms Entity Ratings of DWP Technologies (Pvt) Limited
Karachi, June 24, 2026: VIS Credit Rating Company Limited (VIS) reaffirms entity ratings of DWP Technologies (Pvt) Limited at ‘A-/A2’ (Single A minus/A two). Medium to long term rating of ‘A-’ indicates Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy. Short term rating of 'A2' indicates Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors. Outlook on the assigned ratings remain ‘Stable’. Previous rating action was announced on July 18, 2025.
Incorporated on February 19, 2003, DWP Technologies (Pvt) Limited (‘DWPTL’ or ‘the Company’) is principally engaged in execution of Industrial I.T and Digitalization contracts for public and private sector with major demand emanating from government entities, Banks, and Telecom sector. The head office of the Company is located in Lahore, while a registered office is situated at Mandviwala Chamber, Talpur Road, Karachi.
The assigned ratings reflect the Company's moderate business risk profile, supported by its presence in the fast-growing IT solutions and services sector, long-standing relationships with leading multinational technology vendors, and a strong customer base. The Company has demonstrated steady growth in revenues and profitability over the years, which remains supported by a healthy order pipeline and favorable demand dynamics driven by increasing digitalization and automation across industries. The financial risk profile remains sound, characterized by comfortable capitalization, healthy liquidity, and adequate debt servicing capacity.
For further information on this ratings announcement, please contact on 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria:
Industrial Corporates
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf