Religare Technova Global Solutions Limited
Add to watch list to get report alerts
BSE Code:
530619
NSE Code:
RELIGLOBE
Business Profile
Business Profile
Asian CERC Information Technology (ASIANCE), incorporated on Sep. 29, 1994, is an IT-related company providing financial solutions. Earlier known as Tropicana Resorts Properties, it got its present name on Mar.31, 2000. Fortis Financial Services has a substantial stake in the company, which has now become a part of the Ranbaxy promoter group of companies including Fortis Healthcare, SRL-Ranbaxy Religare Enterprises, and Escorts Heart Institute.
The company operates under its strategic business units. In knowledge management services, it offers Insight, a one-stop storehouse of financial and non-financial data about companies and provides the tools to carry out extensive research and analysis. Financial Technology Solutions provides powerful analytical tools for processing vast volumes of information required for making investment decisions. Offshore Services & Support for IT and ITES related processes are provided on a 365/24/7 basis with its strong domestic presence and operational offices in USA.
An offshore development center has been set up at Mumbai in India, which will cater to clientele spread across the globe. The company offers solutions to cover the entire spectrum of IT, investment software products and finance. Financial technology solutions include commodities trading engine, trade anywhere and Mp-Unplugged. Recently in January 2008, the company launched a new dealer terminal (CTCL solution) - FastTrade, which supports both the BSE and NSE for equities and derivatives along with all the commodity exchanges in the country. The client list includes the Bombay Stock Exchange, R-Trade, UTI Securities, Geojit, IDBI Capital Markets and Rediff.
The registered office is located at 908A, Devika Tower, 6, Nehru Place, New Delhi- 110019.
Financials
Asian CERC Information Technology registered a profit of Rs 36.98 million for the year ended March 2008.
It recorded a net sales of Rs 219.63 million for the year ended March 2008.
Total income was Rs 236.83 million for the year ended March 2008.
The earnings per share of the company stood at Rs 3.04 for the year ended March 2008.
Recent Developments
22-JAN-08
The board of directors of the company at its meeting held on Jan. 22, 2008, approved the merger of Regius Infotech with the company.
14-JAN-08
On Jan. 14, 2008, the company launched a new dealer terminal (CTCL solution) - FastTrade. Fast Trade supports both the BSE and NSE for equities and derivatives, along with all the commodity exchanges in the country.