MRSS Singapore obtains EPU S8 certification

BSE Listed Majestic Research completed the acquisition of Market Probe Asia Pacific last month. MRSS also has set in motion the integration process with a new leadership team announced last week. Now, MRSS Asia Pacific has received the EPU S8 certification which would be valid for the next 3 years.

The EPPU is the Expenditure and Procurement Policies Unit, which is in charge of evaluating whether suppliers of goods and services have sufficient financial resources to undertake Government contracts. The various levels start from EPU S1 and go upto a maximum of EPU S10.

 EPU S8 allows MRSS Asia Pacific to bid for multiple Singapore Govt. tenders up to SGD 10 million each annually with various ministries. There are only a handful of market research agencies in Singapore who have this grading.

 Swee Woon Tan, MD of MRSS Asia Pacific commented “ EPU S8 will be a strong competitive advantage for us. We will look deeper into opportunities of providing our services to the public sector (i.e. Government ministries, departments, institutions, statutory boards, and other public sector organisations) building a stronger presence “

 Raj Sharma, Chairman – Majestic Research added “The renewal of EPU S8 will propel the

organic growth of the Singapore unit.  We will to attaining maximum capacity utilization of this opportunity in the coming 12 months. Currently we have S8 certification of EPU, however in future we will look to achieve S10 certification as well that will allow us to bid for multiple Govt. project worth more than SGD 30 mn each”