Mega Channel Computers Ltd.

• Chennai based Software Company, engaged in custom-made software in the areas of Internet and e-commerce application.

• Main aim of the issue is expansion of software development facility, development of industry- specific software solution and augmentation of working capital.

• One of the core promoter is T.Bhaskaran. Overall management of the company is vested into board of directors. Everybody is well experienced and has good IT background.

• Out of the total project cost of Rs.979.11 lakhs, Rs.300 lakhs is for software development and Rs.210 lakhs is for office building.

• Present business operations are organized into four strategic divisions: project, product, engineering consultancy and e-commerce.

• Has software development center in Chennai and marketing offices in Bangalore, Cochin, Hyderabad and Madurai.

• Business partners in USA, Middle East and Asia Pacific. Operations will start from April 2000.

• Plans to open software development center at Bangalore, Cochin, Hyderabad and Chennai.

• Profit of Rs.26.10 lakhs for the period ending 15/01/2000 as against Rs.21.81 lakhs in FY99.

• NRIs can apply on repatriable as well as non-repatriable basis.

• Investors are advised to be cautious.

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