Virtual Dynamics Software Limited

• 3-year-old company engaged in consulting services both domestic and overseas, executing software development projects at customer location to supplement their in-house resources and IT enabled services.

• Project appraised and term loan assistance provided to the extent of Rs.40 lakhs by Canara Bank.

• Expansion project of the company includes setting up of an overseas branch office at USA for expansion of business activities.

• Approved-business partner of IBM Global services India Private Limited, Wipro Systems Ltd., Digital Equipment India Ltd and Compaq in software development activities.

• Received on-site consulting services and off-shore development orders from SSSI and apsbrowser.com.

• Leading Mutual Funds like Sun F&C Mutual Funds, Jardine Fleming, Kotak Mahindra and Reliance Mutual Fund have a stake.

• The company, however, has been making losses since inception in 1996.

• NRIs cannot apply.

• This is the first issue of the company. The promoters are first generation entrepreneurs with vast industry experience. The company has strong fundamentals. Can be considered for short term.