- Incorporated in 1993 as Maheshwara Computer Software Limited
but was inactive till 1998.
- Main activities include software development in E-commerce
applications, portal development, IT training and other internet related services.
- Has strategic alliances with many multinationals like Bowne
Global Solutions(USA), Panneill Kerr Forster (PKF) - Singapore, PRosoft.com Training
(USA), VUE Testing Centre and Maya Consultancy Inc., PG&LL.Net Inc., and Qubec Inc.,
Canada.
- Issue proceeds would be used for enhancing the
infrastructure facilities and software development capabilities and to augment the working
capital requirements.
- Mazar Pasha and Jameela Afreen, both well qualified and
having exposure to the IT industry, are the promoters.
- Total income has increased from Rs.7.06 lakhs in 1996 to
Rs.24.92 lakhs in 1999. Net profit for the same period has increased from Rs.0.01 lakhs to
Rs.0.68 lakhs. The 11 month period ending February 2000 closed with total income of Rs.
52.6 lakhs and net profit of Rs.2.88 lakhs.
- Total income is estimated to be Rs.575 lakhs and Rs.670
lakhs for FY2001 and FY2002 respectively. Net profit for the same period is expected to be
Rs.133 and Rs.145 lakhs. EPS for the same period is expected to be Rs.2.78 and Rs.3.11.
- Project appraised by Andhra Pradesh Industrial Development
Corporation (APIDC), which has extended a loan of Rs.50 lakhs.
- Investors can consider for short term
investing.
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