@tech_mahindra to make ground system for @Bombardier aircraft

Tech Mahindra will develop the Aircraft Ground Support System (AGSS) for Bombardier's Aircraft Health Management System (AHMS) for the C Series family of aircraft. This will facilitate real-time and post-flight recorded data management, fault notification and diagnostic reporting. By leveraging the large amount of data recorded and transmitted from C Series aircraft, the AHMS will allow operators to make sound decisions on aircraft performance and maintenance.

#TechMahindra to make aircraft ground system for #Bombardier pic.twitter.com/Qa3c8zENpV

— Press Release Watch (@PrReleaseWatch) October 5, 2015

“Together with Tech Mahindra, we are developing a system that will optimize aircraft availability and lower maintenance costs,” said Rob Dewar, Vice President, C Series Program, Bombardier Commercial Aircraft.
Tech Mahindra’s digital solutions for the AHMS will leverage cutting-edge Cloud Computing, Sensor, Internet of Things (IOT) and Big Data technologies to perform deep analytics of the aircraft's health status.
Financial details of the deal has not been disclosed.
Headquartered in Montréal, Canada Bombardier is the world’s leading manufacturer of planes and trains.

#Tech Mahindra included in the Dow Jones Sustainability Index

Tech Mahindra is one amongst the only three Indian companies to make it to the DJSI World Index.The Dow Jones Sustainability Indexes (DJSI) launched in 1999, are a family of indexes evaluating the sustainability performance of the companies. Dow Jones assesses companies on both financial as well as non-financial parameters of the company.

"The credence granted by the Dow Jones Sustainability Indices is not only an honor for us but also testimony that we have successfully translated sustainability from a boardroom vision to a shop floor reality”, Commented CP Gurnani, MD & CEO Tech Mahindra.

Tech Mahindra Continues to Invest in #Philippines

Sujit Baksi, Chief Executive, Tech Mahindra Business Services Group (BSG) said “The Philippines region is key to our growth strategy, over the past few years we’ve invested heavily in developing capability to serve the transformational needs of our customers arising from the influx of digital. With the addition in Cebu around 14% of our global workforce is now concentrated in the region. We have grown over 400% taskforce since 2008.”

Tech Mahindra Continues to Invest in #Philippines pic.twitter.com/5sHq4AZ0sV
— Press Release Watch (@PrReleaseWatch) April 22, 2015

“These are very exciting times for our business, we’re experiencing growing demand of digital transformation from our customers, our investments in people and technology are higher than ever and we continue to assess opportunities for organic & inorganic growth” he added.



“We’re not only using the region for supporting our global clients but also for business originating in the Philippines.  This allows us to utilize locally skilled resource and create jobs across a wider socio-economic spectrum. We’re particular about upskilling and developing local talent by providing employees an opportunity to work across global locations” added Anand Achuthan, Delivery Head Philippines, Tech Mahindra, Business Services Group (BSG).

#TechMahindra and #Bosch Software to create Internet of Things Ecosystem

Tech Mahindra will work together with Bosch Software Innovations to develop an ecosystem to enable innovative solutions for the connected world and connected enterprises.
 “Tech Mahindra is delighted to be associated with Bosch Software Innovations in this exciting journey of Internet of Things,” says CP Gurnani, MD & CEO, Tech Mahindra. “With Tech Mahindra’s expertise in various verticals such as Telecom, Big Data, and Analytics we are confident of providing customer centric solutions for creating tomorrow’s connected world.”
“Just in time decision making is something that Internet of Things applications needs to enable. With innovative software development methodologies and flexible data models of Bosch and the innovation ecosystem of Tech Mahindra we believe we have the right skills to develop and deliver connected applications to this connected world,” said Dr.Ing. Rainer Kallenbach, chairman of the board of management of Bosch Software Innovations.
By 2022, approx. 14 billion devices are expected to be connected directly or indirectly with the internet. Tech Mahindra’s Digital Enterprise Solutions group, headed by Dr. Rishi Bhatnagar will work with Bosch Software Innovations to develop proof of concepts and solutions that will focus on developing connected solutions for smart cities, enterprises and smart homes.

#Tech Mahindra to provide engineering solutions to #Bombardier

Tech Mahindra to provide engineering solutions to Bombardier.Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the Montréal region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years.

“This is a major win for Tech Mahindra,” said Lakshmanan Chidambaram, Head – North America, Tech Mahindra. “Our deep domain expertise in Aerospace and Engineering coupled with the ambition of growing Canada as an Aerospace headquarters will be beneficial for our North American and Global customers.”


“Tech Mahindra has been a supplier for Bombardier for many years now. Bombardier is happy to develop its relationship with Tech Mahindra,” said Kristopher Pinnow, Vice-President, Chief Procurement Officer of Bombardier Aerospace. “Our focus shall be on supporting more efficiently the existing platforms while developing newer products in a cost effective manner.”

Tech Mahindra has recently announced its plans to create jobs in Canada and aims to develop an eco-system to grow local economy. The company is present in the region since 2005 and has been servicing key clients across North America. 

#Tech Mahindra Q1 net profit at Rs.631 crore,down 8%

Tech Mahindra Q1 net profit falls 8% to Rs.631 crore from Rs.686 crore in the same quarter last year.

Financial highlights for the quarter (INR)
Revenue at INR 5,122 crore; up 24.8% YoY and 1.3% QoQ
Operating profit (EBITDA) at INR 928 crore; down 13.4% QoQ
Consolidated PAT at INR 631 crore, up 2.7% QoQ
Earnings per Share (EPS) was INR 27.0 for the quarter ended June 30, 2014

Financial highlights for the quarter (USD)
Revenue at USD 855 mn; up 18.1% YoY and 3.6% QoQ
Operating profit (EBITDA) at USD 155 mn; down 11.9% QoQ
Consolidated PAT at USD 105 mn, up 4.3% QoQ

Other Highlights
Total headcount at 92,729; adds 3,288 professionals during the quarter
Software headcount stood at 64,095; BPO at 21,936
Debt at INR 86 crore as of June 30, 2014; repaid debt of INR 277 crore during Q1
Cash and Cash equivalent at INR 3,669 crore as of June 30, 2014
Active Client count stood at 632 in Q1 vs 629 in Q4FY14

“The growth momentum for Tech Mahindra continues to be powered by strategic investments and capability building. Our agility to perform in rapidly changing economic conditions speaks volumes about the trust shown by our customers in us. The results are aligned favorably towards us becoming a ‘partner of choice’ for developing transformational solutions and making enterprises future ready.” Said, Vineet Nayyar, Executive Vice Chairman, Tech Mahindra.

“Our robust performance during the quarter sets the tone for rest of the year,” said CP Gurnani, MD & CEO, Tech Mahindra. “Our customers have shown a remarkable appetite for the “connectedness revolution” and are readying themselves for the disruptions in future. Tech Mahindra with Telecom as a horizontal differentiator augurs well with the customers in this potentially disruptive landscape.” CP Gurnani added.

Key Wins:
Entered into a managed services agreement with a Tier 1 telecom operator in European region for complete IT and Infra transformation. Tech Mahindra would help the client evolve as a digital enterprise by keeping pace of change, sustain business demand and improve customer experience in a highly competitive market

Won a global applications development deal from a European food and beverage major. Tech Mahindra will develop global and regional applications enabling client to adopt an end to end managed services model ensuing optimized cost

Selected by one of largest US devices and software firm to provide Applications Support Services on managed outcome model facilitating automation along with process and cost optimization

Chosen by a leading telecom provider in UK to provide design, development and testing support in the IP VPN (Virtual Private Network) domain.

Won a Business Intelligence data foundation deal from a Fortune 10 Global Oil major

Engaged by a leading telecom equipment manufacturer to provide Global Infrastructure Support Services. Tech Mahindra will provide seamless support to scale the business needs of the client.

A leading European Telco has chosen Tech Mahindra for its Digital Online Transformation. The deal encompasses digitalization of online channels and consolidation of its multiple portal interfaces

Selected by an American Technology Multinational Corporation for providing customized supply chain planning and solutions to manage its new product portfolios.

Chosen by a leading US Telco for its Infrastructure Management support services.

Won a deal from a Leading Utilities Company in Middle East for a Oracle based Transformational project on Utility application Systems and Enhancement

A Dutch diversified wellbeing Company has chosen Tech Mahindra in area of Structural analysis of its integrated landscape, facilitating risk analysis manageability and maintainability of its ICT backbone.


Won a deal from a leading Indian information service provider company in the area of providing Inbound Voice Services, Data as a Service, and Project Consultancy.


Won a SAP Maintenance and Support deal from a leading Brazilian Company in Chemicals & Agro business industry


Selected by a leading Global telecommunications Company for its M2M Machine to Machine) deployment and System Integration support

Engaged by a leading UK fashion retailer for its software testing services

Business Highlights:
Announced opening of second near shore delivery center in Antwerp, Belgium. The new facility has a capacity of 120 work stations and would bring the company closer to some of its key customers in the Benelux region

Tech Mahindra and Informatica announced Global Alliance to bring value to customers through its new data management services. This alliance will offer Platform-Based Solutions for the Informatica’s Intelligent Data Platform

Announced a strategic global services alliance agreement with HPS, the market-leading provider of mission-critical solutions to the cards and payments industry. The alliance will enable Tech Mahindra’s financial institutions and payment processing customers of all sizes to improve their cards and payments businesses by replacing legacy hardware and software with a single, flexible and cost processing effective platform

Launched the next generation Internet of Things (IoT) Lab in Noida. The well-equipped lab will be used to showcase Tech Mahindra's competency in Internet of Things (IoT) and machine-to-machine (M2M) capabilities

#Tech Mahindra Announces Expansion Plans for Korea

Tech Mahindra has announced its plans to significantly expand in Korea.The move represents another major investment by the India’s Mahindra Group which is the owner of Ssangyong Motor and already one-of-the largest foreign investors in Korea.

"Korea’s growth and rise encourages us to explore its potential to connect with the world market today. Our relationship with Korea goes back a long way through Mahindra Auto and we are committed to creating local infrastructure and knowledge base to address the needs of Korean businesses globalize their operations,” said CP Gurnani, MD & CEO, Tech Mahindra.

Tech Mahindra in Korea will offer an array of innovative solutions and consulting services focused on meeting the needs of customers in various industries such as Manufacturing, Auto, Aerospace & Defense, Telecom, Oil & Gas, BFSI, Healthcare, Engineering Services, Device Engineering, Telecom and EBS.
The company will establish partnerships with local universities, business schools and trade bodies to enable creation of 300 jobs in the next 3 years.
Tech Mahindra aspires to be the largest Indian Based System Integrator in Korea by 2017. The company believes that localization is the key to achieve this target and plans to run as a local Korean company in partnership with a Korean conglomerate.

“This plan by Tech Mahindra underscores the Group’s commitment to the Korean market,” said Dilip Sundaram, Senior Vice President and Country Director, Mahindra Korea. “This is a market that nobody can ignore and we look forward to further strengthening our partnership.”
Tech Mahindra first set its foot in Korea in May, 2002. Since then, the company has undertaken multiple projects across industries. The company’s Korean operations have strong capabilities in IT system development and IT service management with service delivery optimization through local delivery centers onsite and offshore.

#Tech Mahindra signs MoU with Wichita State University

Tech Mahindra has signed a Memorandum of Understanding (MoU) with Wichita State University (WSU), a state educational institution of Kansas in the areas of aerospace engineering, certification, information technology and automotive testing.

Tech Mahindra will collaborate with WSU and its National Institute for Aviation Research (NIAR), the largest academic aviation R&D institution in the United States, on multiple areas of engineering including composites, advanced materials and structural testing.

Tech Mahindra plans to invest in equipping the engineering talent available in the region to enhance their employability in the Wichita aerospace community. This investment will enable Tech Mahindra to provide end-to-end solutions from design, to testing and certification for global aerospace & automotive customers and prospects in the region. The collaboration will not only ensure that Tech Mahindra has a local pool of trained aerospace, information technology and automotive engineers available to service their global network of clients; but will also facilitate cooperative initiatives in the area of innovation and R&D projects including possible involvement with WSU’s Innovation Campus.


The partnership will enable WSU to further expand its footprint into the automotive industry, and provide WSU students an opportunity to develop industry skills through involvement in Tech Mahindra research and testing projects.

Krishna Balasubramaniam, Head of Americas, Aerospace & Defense, Tech Mahindra said, “We are eager to leverage local talent pool by working with WSU’s National Institute for Aviation Research as it takes a leadership role in supporting the global aviation industry with its research, development, testing, certification and training services. I strongly believe that this synergy can help reach the next level of solution offerings to our marquee customers addressing their custom needs and industry specific requirements in the areas of certification and testing”

“Collaboration between WSU and Tech Mahindra will provide unique advantages for both entities,” said John Tomblin, WSU’s vice president for research and technology transfer. “WSU will get firmly connected to the automotive and industrial sector, allowing students to gain real-world engineering skills in a unique sector; and Tech Mahindra will gain access to WSU’s extensive research and test lab capabilities and the opportunity to train students before they enter the workforce.”

#HPS signs strategic global alliance agreement with #Tech Mahindra

HPS, the market-leading provider of mission-critical solutions to the cards and payments industry, today announces that it has entered into a global services alliance agreement with Tech Mahindra, a leading $3.1bn specialist provider of connected solutions to the connected world.

HPS’ flagship PowerCARD payments technology will now be available to Tech Mahindra’s customers worldwide. The alliance will enable Tech Mahindra’s financial institutions and payment processing customers of all sizes to improve their cards and payments businesses by replacing legacy hardware and software with a single, flexible and cost processing effective platform.

PowerCARD is a comprehensive suite of electronic payment solutions that covers the entire value chain of issuing, acquiring and switching in one single payments platform. This enables payments innovation by allowing new products to be brought to market more easily and changes to be implemented faster and at lower cost. The PowerCARD software does this using a modern and flexible technology architecture that is increasingly being seen as the future for the payments industry.

Abdeslam Alaoui, Managing Director, HPS, said: “Tech Mahindra benefits from a truly global network, and its expansion plans are very much in line with our own strategy. The collaboration between HPS and Tech Mahindra has been excellent and HPS will continue working with Tech Mahindra to deliver modernization programs in electronic payment for any financial institution that is looking to win market share or escape the technology legacy trap and we look forward to working with Tech Mahindra closely.”

Niraj Vedwa, Global Head –Banking, Payments and Cards, Tech Mahindra, added: “Our mission is to deliver highest quality products, solutions and services to our existing and future customers that add value to their businesses and customers. HPS is undoubtedly the leader in payments software and this strategic partnership is extremely important for our market strategy and value proposition as it allows us to introduce a world-class payments processing platform to our customer base around the world.”

Tech Mahindra is a multinational provider of IT solutions with business operations in more than 51 countries. The company focuses on application development and management, infrastructure management services, business intelligence, testing, business process management, enterprise content management and Big Data; and for Core Banking, payments, cards, treasury, trade finance, asset management, CRM, channels, customer centricity, MDS, and mobile money.

L V Prasad Eye Institute and Tech Mahindra Foundation join hands for CSR activities

Centres of L V Prasad Eye Institute, together with Tech Mahindra Foundation, have announced their new project - Community Based Rehabilitation in the urban slums of Ranga Reddy District, Hyderabad. Indira Munjuluri, Vice President and Global Head for Retail, CPG, Transportation and Logistics business, Tech Mahindra, inaugurated the project on Friday, June 7th.

The project aims to provide comprehensive rehabilitation intervention in areas of health, education, economic independence, social inclusion and independent skill development to people with blindness, low vision and the multi-handicapped. A team of trained community field workers and rehab professionals including special educator, physiotherapist and speech therapist will provide door-to-door intervention to the needy people. The project will be implemented in the urban slums of Madhapur, Chandanagar, Hafeezpet, Lingampalli, Kukatpalli and Borabanda areas covering a population of 1,50,000.

Speaking on the occasion, Mr VC Kumar, COO, Tech Mahindra Foundation said, “Our association with LVPEI has been rewarding and we are positive that the CBR project will be very successful, given their high levels of commitment, experience and passion in the field of vision rehabilitation. We are glad to be able to contribute our bit to society through this project.”

Dr Gullapalli N Rao, Founder and Chair, L V Prasad Eye Institute said that through this community out-reach project Tech Mahindra Foundation and LVPEI are looking forward for long-term commitment to accomplish collaborative projects for the welfare of the society in eye care and rehabilitation. The CBR program seeks to mobilize disabled people and their families to facilitate their widest possible involvement in mainstream rural and urban development.

Dr Beula Christy, Head, Dr PRK Prasad Centre for Rehabilitation of the Blind and Visually Impaired, L V Prasad Eye Institute, said that through its Rehabilitation Centres, LVPEI has been rendering services to empower people with low vision and blindness so they become important contributing members of the society.

Premium Credit teams up with #Tech Mahindra for IT Services

Tech Mahindra Ltd. a specialist provider of connected solutions, today announced that Premium Credit Limited, the No.1 Insurance Premium Finance Company in the UK and Ireland, has selected it to deliver front and back office application services.

Tech Mahindra will provide operational support and maintenance services, as well as development and implementation. It was selected because of its domain expertise in the insurance and financial services, and a strong local footprint.

Gopi Chelliah, Chief Operating Officer at Premium Credit, said “Our partnership with Tech Mahindra is integral to the delivery of all aspects of our strategy. Our partnership gives us access to deep systems knowledge, professional resources and decades of financial systems expertise, enabling us to innovate with confidence.”

Vikram Nair, Head – Europe (Enterprise), Tech Mahindra, concluded: “We are bringing both development and support capabilities to bear on a complex environment. High volumes of transactions and mission critical, customized legacy systems typify financial technology in lending institutions. These must be effectively integrated with both a consumer front end and business management tools. It’s an environment to which we are excited to bring specialist professional expertise to bear. We are working together to develop Premium Credit’s financial infrastructure as a connected, flexible business platform that will continue to support the business’s growth.”


The BFSI (Banking, Financial Services and Insurance) practice area is one of the largest contributors to revenue at Tech Mahindra. Clients include one of the top 3 retail banks in the US, Canada, UK, Australia and India, 1 of the top 3 insurers in US, Europe, Australia, India and 8 of the top 10 in global asset and wealth management. Europe is home to some of Tech Mahindra’s largest clients and constitutes 32% of the company’s global revenues.

#TechMahindra FY14 PAT at Rs. 3,029 crore (up 55%)

Tech Mahindra Ltd., an enabler of future digital enterprises today announced the audited consolidated financial results for its fourth quarter and year ended March 31, 2014


Financial highlights for the quarter (INR)

·         Revenue at INR 5,058 crore; up 34.3% YoY and 3.3% QoQ

·         Operating profit (EBITDA) at INR 1,072 crore; up 39.0% YoY

·         Profit after Tax (PAT) at INR 614 crore

·         Earnings per Share (EPS) was INR 26.4 for the quarter ended March 31, 2014



Financial highlights for the quarter (USD)

·         Revenue at USD 825 mn; up 18.2% YoY and 4.3% QoQ

·         Operating profit (EBITDA) at USD 176 mn; up 22.8% YoY, margins at 21.3%

·         Profit after Tax (PAT) at USD 101 mn, PAT margin at 12.2%



Financial highlights for the year (INR)

·         Revenue at INR 18,831 crore; up 31.4% YoY

·         EBITDA at INR 4,184 crore; up 36.6% YoY.

·         Profit after Tax (PAT) at INR 3,029 crore; up 54.9% YoY.

·         Earnings per Share (EPS) was at INR 130.25 for the year ended March 31, 2014

·         The Board of Directors has proposed a dividend of INR 20/- per share (200%) for FY14.

Financial highlights for the Year (USD)

·         Revenue at USD 3,098 mn; up 17.7% YoY

·         EBIDTA at USD 687 mn; up 22.1% YoY. EBITDA margin at 22.2%

·         Profit after Tax (PAT) at USD 498 mn; up 38.6% YoY. PAT margin at 16.1%



Other Highlights

·         Total headcount for the year at 89,441; adds 6,333 professionals during the year

o   Software headcount stood at 60,997, BPO at 21,830 and Support at 6,614

·         Debt at INR 363 crore as of March 31, 2014; repaid INR 796 crore in FY14

·         Cash and Cash equivalent at INR 3,599 crore as of March 31, 2014

·         Active Client count stood at 629 vs 516 in FY13



Vineet Nayyar, Executive Vice Chairman, Tech Mahindra, said "This has been a landmark year for Tech Mahindra with the creation of an integrated entity through one of the largest mergers in India. Our superior execution capabilities and ability to offer expanded service lines to our customers will help in aiding our future growth”



C P Gurnani, Managing Director & CEO, Tech Mahindra said. "Our result this year is a reflection of our commitment towards growth and our passion to help our customers deal with the needs of a dramatically changing world, fuelled by hyper connectivity, and decisions at the speed of thought. I want the world to know that TechM is well tuned to these aspects of modern business and we look at this a differentiator for growth”.



Key Wins:

·         Tech Mahindra won a landmark deal with Volvo Car Corporation, one of the leading automotive companies in Nordics to manage its end to end IT infrastructure. Deal encompassed providing operational excellence, delivering key projects successfully to support growth and business value realization



·         Engaged by one of the top financial services company based in USA to provide managed services in areas of customer operations support, customer implementation services, security and testing.



·         A leading European aerospace and defense Company has chosen Tech Mahindra for its after-market services. Tech Mahindra’s offshore customer services center would facilitate management of multiple suppliers of customer while achieving cost optimization this aiding growth.



·         Selected by a leading mobile service provider in New Zealand for implementation and managed services of its Business Support System (BSS). Tech Mahindra will help streamline customers systems, functionalities and cost; thus enabling it to achieve a competitive edge in a saturated market.



·         A state-level government agency in the United States chose Tech Mahindra to implement its Motor Vehicle Enterprise System (MOVES), a configurable Microsoft Dynamics CRM-based solution. The solution will help replace and modernize the organization’s existing legacy system.



·         Entered into a managed services agreement with a leading UK based telco for managing its Information Communication Technology (ICT) operations. Tech Mahindra as a Technology partner will operate and enhance the legacy ICT stack.



·         Engaged by a fortune 25 Global Conglomerate to provide infrastructure support. Tech Mahindra will provide seamless support to all the businesses within the client organization by consolidating the infrastructure, processes, tools and vendors, helping instill end to end ownership, automate processes and high service delivery.


·         A Fortune 500 Healthcare products Company selected Tech Mahindra for Managed Services of its Operations, Project management and Change management services encompasses enabling business change, continuous improvement and IT enabled transformation projects.



·         A global Australian resources company has selected Tech Mahindra to provide Support Services for its integration middleware enterprise software.


·         Chosen by a Fortune 500 organization and one of the largest banks in ANZ region, to implement FATCA Solution to help them observe complex regulatory requirements and meet stringent timelines as set up by government agencies.


·         Selected by a Fortune 500 Banking and Investment Group to implement Enterprise Datawarehouse on Microsoft BI Technology using iDecisions.



Business Highlights:



·         Tech Mahindra GmbH, Düsseldorf, a wholly owned business subsidiary of Tech Mahindra, signed an agreement with BASF Business Services Holding GmbH to acquire its business with third party customers. The acquisition will help strengthen Company’s footprint in Germany



·         Tech Mahindra Ltd has entered in to an agreement to acquire a majority stake in Fixed Stream Networks Inc (FSNI), a technology startup company

 

·         Launched a new branch in Istanbul. The branch will serve as a hub for Turkey and Central Asia and aims to provide specialized services to Tech Mahindra’s customers from this near shore center.



·         Announced the opening of a new Belgian delivery center in Antwerp. This new facility is an important milestone in the growth journey of Company with its emergent presence in the European markets.



·         Launched Reference Data Management Solution in, a fully managed end-to-end reference data management Business Process as a Service (BPaaS) solution for the financial services industry in North America.



·         Inaugurated Texas Instrument lab in Bangaluru. The lab will allow Tech Mahindra to launch innovative solutions based on the concept of Internet of Things (IoT) in Industrial, Medical and Automotive sectors.



·         Launched Near Field Communication (NFC) Testing Lab which marks TechM’s foray into Enterprise Device Testing. The lab will cater to the fast-growing needs of chipset manufacturers, OEMs, Service Providers, Acquires and Issuers from the banking industry



Awards and Recognitions:

·         Tech Mahindra won the Best ICT Delivery Partner – Land Transport excellence Award 2014. The award recognizes industry partners and individuals who have played a pivotal role in developing and transforming Singapore’s transport system.



·         Tech Mahindra won ‘Voice and Data Top Telecom Software company of the year'.



·         Netgear honored Tech Mahindra BSG (vCustomer) with ‘Best Supplier Award’ of the Year.



·         Recognized with ‘Top Telecom Software Company of the Year’ award by Amity.



·         Recognized as Indian Most Admired Knowledge Enterprise (MAKE) Winner for the year 2013.

 Audited consolidated financial results for the quarter and year ended March 31, 2014 drawn under India GAAP Consolidated Income Statement

Particulars	Quarter Ending			Year Ending
	Mar-14	Dec-13	Mar-13#	Mar-14	Mar-13#
Revenue from services	50,581	48,985	37,673	188,314	143,320
Cost of Services	32,470	30,012	23,968	117,001	90,006
Gross Profit	18,111	18,974	13,705	71,313	53,313
SGA	7,393	7,610	5,992	29,476	22,681
Operating Profit	10,718	11,363	7,714	41,837	30,633
Other Income	(867)	(457)	381	1,130	2,122
Interest Expense	97	236	253	798	921
Depreciation	1,429	1,396	1,207	5,222	3,896
Profit before Tax	8,325	9,274	6,635	36,948	27,937
Provision for taxes	2,092	264	1,461	7,524	6,479
Non Recurring / Exceptional Items	-	1,200	1,340	1,200	(1,601)
Minority Interest	(91)	(111)	(137)	(336)	(301)
Profit after tax	6,142	10,099	6,377	30,288	19,556
EPS (Rs) – including exceptional items
Basic	26.44	43.47	27.54	130.25	84.45
Diluted	25.80	42.41	26.86	126.78	82.36