Hyderabad-based IT company and has wide
presence in the overseas market.
Has a marketing tie up with Merant
Solutions Pvt Ltd. The tie-up with M&R Consultants Corporation, USA is for supplying
software products to the latter.
RSL’s client list includes TISCO,
Lafarge, CMC Ltd., Visaka Industries Ltd. and Bull Power Systems Ltd.
Promoted by Mr. Krishna Vemuri,
Mr.Ramaiah V. Rao and Mr.Ramachandra Rao, who have good experience in the IT industry.
Projects worth Rs 140.85 lakhs on hand.
Total income increased from Rs.51.80
lakhs in 1997 to nearly Rs.62.27 lakhs in FY99 and the net profit during the same period
increased from Rs.0.77 lakhs to Rs.1.54 lakhs. During the eleven month period ending 15th
February 2000, the total revenue earned was Rs. 112.21 lakhs and the net profit was Rs.
17.39 lakhs.
Has plans to set up a new development
center in Hyderabad and a branch office in US. Estimated capital expenses for project is
Rs 247.88 lakhs.
Estimated total revenues of Rs. 458.98,
Rs.734.37, Rs.1174.99 lakhs for the financial years ending 2000, 2001 and 2002
respectively. Net profit for the same period estimated at Rs. 125.47, 163.83 and 263.66
lakhs respectively. Estimated dividend and RONW are 30%, 35%, 40% and 31.41%, 38.49% and
49.57% respectively for the same period.
NRIs can apply only on a non-repatriable
basis through NRO accounts.
Investment can be considered for short to
medium term.
