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Fortune Infotech Ltd |
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Executive Summary |
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| Business | ||||||||||||||||||||||||
Fortune Infotech Ltd. was originally incorporated in the name of Chimanlal Maneklal Fortune Fiscal Ltd. on 3rd Feb 1998, later on changed to the present name on 15th Dec 1998. The company is currently involved in :
The company has promoted wholly owned subsidiary company Fortune Infotech (USA), Inc., to take care of the marketing operations of the Medical Transcription Company. The US company will enter into an agreement with different US hospitals for rendering Medical Transcription Services. The company is promoted by Mr.Kantilal K Patel, Mr.Jayesh R Shah and Mr.Nitin Shah. |
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| Industry Scenario | ||||||||||||||||||||||||
With the emerging strengths in the areas of cost effectiveness, high quality, high reliability, rapid delivery and state-of-the-art technologies, India is fast emerging as a leader in IT business. The Indian software industry has seen considerable growth over the past several years with CAGR of 56% between 1994-1995. The growth has largely been fueled by certain competitive advantages, with regard to the international Software business. |
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| Financials | ||||||||||||||||||||||||
The company's
income has been rising at a CAGR of 365 percent and the net profit at 369 percent.
Weighted average EPS of the company is Rs.9.01.
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| Project Analysis | ||||||||||||||||||||||||
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| Critical Success Factors | ||||||||||||||||||||||||
The company aims at exploring new avenues by utilizing the power of technology to provide cost effective solutions to its global clients. The company with its US business partner, is actively involved in development of a highly automated and flexible end to end solution for all transcription related needs of the healthcare industry. The product is presently under testing and will be commercially launched in India. This unique solution uses latest technology. The company recruits and trains Medical Transcriptioners for its own unit and also for its franchises. It also provides turnkey project consultancy to its franchise members. It has already entered into franchise agreement with two entities for setting up MT units where the company will provide total consultancy for the project and provide job work to them. |
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| Competitive Position | ||||||||||||||||||||||||
| The company is focusing on the latest technology, emerging markets and futuristic trends which provided it with its niche market segment in the global IT industry. This niche market includes customised software development, off shore software development etc., The company already has 12 international customer and has clear business plan for international and domestic IT market. | ||||||||||||||||||||||||
| Market Scenario | ||||||||||||||||||||||||
| Medical Transcription has now become a specialised discipline with people, needing adequate training. Information and communication technologies are used to send the voice recordings on satellite lines to far-off, low cost locations, where these recordings are transcribed into reports. Turnaround time is often as low as two hours which is better than when done all of it in-house. | ||||||||||||||||||||||||
| Recommendation | ||||||||||||||||||||||||
| The company started its business in 1998. It is only two years that the company is into its present business. The PE ratio of the company at the current price of Rs.10/- and weighted average EPS of Rs.9.01, is 1.1 while the average PE ratio for the Computer Software Industry is 30.00. | ||||||||||||||||||||||||
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