ASM TECHNOLOGIES LTD
Add to watch list to get report alerts
BSE Code:
526433
NSE Code:
ASMTEC
Business Profile
Business Profile
A S M Technologies (ASMTL) is in ERP consulting since 1994, working on feasibility studies, development and customization services and implementation services of various off the shelf ERP packages, such as control, coda financials, Oracle applications, Peoplesoft and BaaN.
The services provided by the company are enterprise solutions, embedded systems, system software, networking and telecom and business process outsourcing.
The company has offices in UK, Chicago and Detroit. Its development centers are located in Bangalore, Singapore and USA. It`s products are used in manufacturing, oil and gas, telecom and other industries.
It has two subsidiary companies, namely, Pinnacle Talent, USA and Advanced Synergic. The company serves the market of India, Singapore, US, UK, Middle-East and Japan. Its client includes RIL, Bharat Petroleum, Sony, Unicef, Tata Technologies, IBM, Toyota, Deliotte and many more.
The company has entered into partnership with Enterprises Software technology in 1998. It has collaboratively worked on various SAP, ERP and IT projects for clients of ESR. It also provides services to ESR`s clients through offshore offerings and other support systems.
The company`s maximum revenue comes from USA, India and followed by Singapore.
Financials
The company reported increase in revenue by 9.48% from Rs 65.31 million in September 2005 to Rs 71.5 million in September 2006. It posted increase in net profit by 67.50% from Rs 3.6 million in September 2005 to Rs 6.03 million in September 2006.
During the year ended March 2006, it`s turnover amounted to Rs 258.74 million, as against Rs 179.47 million in 2005, resulting in a increase of 44.16%. It registered increase in net profit by 190.43% from Rs 5.54 million in 2005 to Rs 16.09 million in 2006.
Recent Developments
29-NOV-07
ASM Technologies signed a definitive agreement to acquire 100% stake in Enterprise Software Resources (ESR) an US- based firm in an all cash deal.
Future Plans
The company plans to provide RFID (Radio Frequency Identification) mobility solutions for the enterprise applications for large corporations.
It plans to provide enterprise application and infrastructure support to the SMEs through remote support thereby making it a viable proposition
The company is moving towards building expertise and practice in providing PLM solutions tightly integrated with the enterprise applications.