Aftek Limited

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BSE Code: 530707       NSE Code: AFTEK

Business Profile
Business Profile
Aftek Infosys was incorporated in 1986, as a private limited company, in the name of Aftex Business Machines. The company is engaged in providing solutions for home and industrial automation, product and application design and development, offshore application development services and outsourcing services for engineering and testing activities. The company is a certified solutions partner of Computer Associates and Hewlett Packard.

The company manufactures network and telecom products like wireless and VIO-PSTN gateways. It has also developed a ticketing machine and a distributed application software for multi-location electronic ticketing and a power management solution for complete monitoring, control and management of UPSs in an intranet environment. The solution comes with PDA and mobile phone interfaces for remote management. Apart from manufacturing, the company is engaged in application design and development, offshore application development, outsourcing of engineering and testing services and development of dedicated offshore development centers for extension of their clients` home operations. It has also started a BOLT model for development of offshore development centers. Products contribute 11% of the revenues, while services account for 86%.

The company`s strategy is to move up the value chain, create IPRs and achieve global level scalability. It has identified knowledge management and energy management as high potential growth areas. Its American subsidiary, Opdex, will soon focus on creating products and solutions for the energy management sector.

Financials
Aftek registered a decline in net profit to Rs 260.02 million for the quarter ended March 2007 from a profit of Rs 261.39 million for the quarter ended March 2006. Net sales for the quarter rose 19.80% to Rs 861.86 million for the quarter ended March 2007 from Rs 719.40 million for the quarter ended March 2006. Total income rose 13.58% to Rs 870 million for the quarter ended March 2007, from Rs 766 million for the quarter ended March 2006. The earnings per share (EPS) of the company stood at Rs 2.98 in the quarter ended March 2007.

Recent Developments
06-JUN-07
The equity shareholders of Aftek has approved the scheme of amalgamation of C2Silicon Software Solutions and Elven Micro Circuits with the company.

22-MAR-07
Aftek has entered into a strategic tie up with BDT of Germany, world leaders in data storage systems. Under the terms of the tie up, Aftek`s 100% German subsidiary Arexera will license its state-of-the-art search technology for BDT`s new data storage device the Gingcom Appliance.

Other Information
Annual Reports for Aftek Limited
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2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
1999-00
1998-99
1997-98

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