- An existing profit-making company.
- Main focus is on information technology training and
developing software.
- Microsoft Certified Solution Provider ( a direct System
Integration partnership with M/s. Microsoft Corporation, USA) and an education partner
with M/s.Novell Inc.,USA
- Ramabhadran and Chandra, having good exposure to the
industry, have promoted the company.
- Major clients include ITC, Malaysia Airlines, SAIL, Sanmar
Engineering, AME - Bangalore, ILEIA - Netherlands, M/s IFOAM - Germany.
- Total income has increased from Rs.124.56 lakhs in FY98 to
Rs.162.48 lakhs in FY2000 and net profit has increased from Rs.9.10 lakhs to Rs.14.16
lakhs in the same period.
- Issue proceeds would be used to set up an online web based
IT university, develop intranet and extranet services, develop E-commerce and web based
applications and to set up a software development centre.
- Projected total income of the company for the next three
years starting FY2001 stand at Rs.446 lakhs, Rs.825.5 lakhs and 1122.94 lakhs respectively
and net profit at Rs.31.44 lakhs, Rs.178.09 and Rs.224.11 lakhs respectively. EPS is
expected to be Rs.0.54, Rs.1.7 and Rs.2.23 respectively for the same period.
- Issue is for resident Indians only. NRIs are not eligible to
apply
- Scrip can be taken for short term.
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