- Hyderabad based Software Company engaged in software
solutions through its four business divisions.
- Promoted by C. Prabhakar Rao, Dr.M.Sri Rama Murthy and
T.Gopi Chand. The first two resigned in due course of time from the board of directors.
Gopi Chand is an M.Tech, with 18 years of experience in the IT sector.
- Main aim of the issue is expansion of existing integrated
solution, software development, setting up of overseas office and augmentation of working
capital.
- Out of the total project cost of Rs.87.91 million for the
period 1999-2001, Rs.22.00 million is allocated for short-term deposit of capital expense
and Rs.26.00 million is allocated for advance for capital expense.
- Proposed project cost for 2000-01 is Rs.80.50 million out of
which Rs.24.59 million is allocated for hardware and software.
- Project is appraised by Bank of Maharashtra and it grants a
loan of Rs.8.5 million.
- Authorized Reseller of Gateway 2000, Malaysia for Computer
Hardware and for Smart Storage, USA for its SmartCD software.
- Authorized seller for Digital Equipment India Ltd. for
Compaq Range of products and authorized accredited reseller of Hewlett-Packard India Ltd.
for PC, servers and all peripheral products.
- Exclusive distributor for Microboards of America, USA for
selling DataWrite 500 disc CD ROM jukebox system.
- Technical collaboration agreement with Transoft Networks Inc
and Suvaj-Soft Inc of USA.
- Marketing tie-up with Smart.Com Marketing &
Communications, Dubai and Reliance International Inc, USA.
- Setting up branches in New Delhi, Mumbai and Chennai.
- The clientele includes Election Commission, Department of
Space, Government of India and Defense Metallurgical Research Laboratory.
- Net profit of Rs.1.53 million for the period ending 31/12/99
as against Rs.0.43 million in FY99.
- Net profit projected at Rs.9.39 million by 31/03/2001 and a
whopping Rs.47.68 million by 31/03/2002.
- Of the entire issue, 7,00,000 equity shares are reserved for
NRIs and OCBs. NRIs can apply on
repatriation basis in NRE/FCNR account.
- Investment can be considered for medium term.
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