Land records in urban areas will be digitized with GIS mapping, said FM Sitharaman.
The company had posted a profit after tax of Rs 7.86 crore in the year-ago period.
Rs 200 crore has already been invested in developing the 3D mapping technology, says Genesys Chairman and Managing Director Sajid Malik.
The Daly City, Calif., company is in initial talks with private equity firms and technology companies for a deal that could value it at more than USD 3.5 billion including debt Wall Street Journal reported.