- Main business was computer assembling and hardware but
recently shifted into software development.
- Had a partnership with Godrej Trading & Services Ltd.
The company was a distributor for Intel, HP, Panasonic.
- Client list includes the major educational institutions like
Osmania University, Hyderabad Central University and Andhra University.
- Total project cost estimated at Rs.950 lakhs.
- Project appraised by Karnataka Bank, which has extended a
loan of Rs.100 lakhs.
- Total revenue has increased from Rs. 476.6 lakhs in 1998 to
Rs. 775.36 lakhs in 2000. Net profit for the same period increased from Rs. 5.83 lakhs to
Rs. 51.9 lakhs.
- Estimated revenues for three years 2001, 2002 and 2003
stands at Rs 1618.44, Rs 2379.82 and Rs 2880.46 lakhs respectively. And the net profit for
the same period stands at Rs 184.24, 371.81 and 534.63 lakhs respectively.
- Issue proceeds will be used to improve the infrastructure
facilities for software development.
- Shri Achutuni Sundar and Lakshmi are the promoters. They
have over a decade of experience in totally unrelated areas.
Investors are advised to be cautious.
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