- Existing profit making and dividend playing company.
- Main areas of activity include high-end training and
software development.
- Has a wholly owned subsidiary, Giri Inc. in USA.
- Has a project and consulting division Lambent, operating in
the area of platform migration, facility management, 3-tier Client-Server implementation
and Web site portals design.
- Customer list includes Alcatel, Britannia, Medimix,
Murugappa Group, Citibank and many others.
- Promoted by Mr. S. Giridharan and Gita who are well educated
and have an experience of over 15 years in the IT Industry.
- Total income increased from Rs 10.42 lakhs in FY98 to Rs
768.46 lakhs in FY2000. Net profit increased from Rs 1.42 lakhs to Rs 219.7 lakhs during
the same period.
- Issue proceeds would be used to set up training centers
across the country and overseas, and to establish software development centers in
Bangalore, Hyderabad and Pune.
- Total income for the next three years is estimated to be Rs
3198.64, 7776.23 and 10042.22 lakhs and net profit to be Rs 540.82, 1388.07 and 1671.58
lakhs respectively. EPS for the same period is estimated to be Rs.9.24, Rs.23.71 and
Rs.28.55.
- NRIs can apply on a non-repatriable basis.
- 4,60,000 shares are allotted to MFs.
- Investment can be considered for short to medium term.
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