Aurionpro Solutions Limited
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BSE Code:
532668
NSE Code:
AURIONPRO
Business Profile
Business Profile
AurionPro Solutions (AURIONPRO) is a provider of software solutions for the banking, financial services and insurance (BFSI) sector. It was incorporated on Oct. 31, 1997 as a private limited company. Earlier known as VAIDS Technologies, it was converted into a public limited company with the present name on Mar. 09, 2005.
The ISO 9001:2000 certified company offers cash management solutions for private sector and foreign banks operating in India. These solutions handle over 500,000 transactions daily clocking volumes of over USD 17 billion every year. Leveraging on enhanced domain competencies, a trading simulator has been built to establish a niche in the area of treasury. It offers information technology services including product implementation, offshore delivery and technology adoption with a focus on the banking domain.
The company has been the sole development provider for XTS, a US-based innovator of enterprise management analytics software for planning and managing Citrix and other virtualization platforms. Through Aurionpro Solutions, its wholly owned subsidiary in USA, it is to acquire a strategic stake in XTS. As a part of the partnership, it has extended the offshore long-term contract which has been instrumental in creating an award-winning, enterprise-class reporting and analytics solution for a growing customer base throughout the world.
Earlier in November 2007, it acquired 100% control in Integro Technologies, a leading banking product company headquartered in Singapore, offering products in the areas of loan origination, collateral management for Basel II compliance and internet banking. Investing in a strategic stake in Denver-based PaySimple, a leading provider of payment management solutions for businesses across the United States, it will develop develop PaySimple solutions. Aurionpro Solutions, Singapore; SPS Corporation, USA; and Aurionpro Solutions SPC, Bahrain are other subsidiaries.
The registered office is located at 404, 4th Floor, Winchester, Hiranandani Busines Park, Powai, Mumbai-400076.
Financials
On a standalone basis, AurionPro Solutions registered a profit of Rs 175.12 million for the year ended March 2008.
It recorded a net sales of Rs 596.48 million for the year ended March 2008.
Total income was Rs 611.93 million for the year ended March 2008.
The earnings per share of the company stood at Rs 14.01 for the year ended March 2008.
On a consolidated basis, the company registered a profit of Rs 340.22 million for the year ended March 2008.
It recorded a net sales of Rs 1,710.17 million for the year ended March 2008.
Total income was Rs 1,727.46 million for the year ended March 2008.
The earnings per share of the company stood at Rs 27.16 for the year ended March 2008.
Recent Developments
31-MAR-08
The company decided to acquire a strategic stake in Maryland-based XTS, an innovator of enterprise management analytics software for planning and managing Citrix and other virtualization platforms through Aurionpro Solutions, its wholly owned subsidiary in US.
Being the sole development provider for XTS since 2004 has enabled the company to create an award winning, enterprise-class reporting and analytics solution for a growing customer base throughout the world. As a part of partnership, it extended the offshore development contract for a longer term.
01-FEB-08
Aurionpro Solutions has made preferential allotment of 105,337 shares on conversion of warrants at a price of Rs 252 a share, including a premium of Rs 242. The above allotment was made by the board of directors of the company at its meeting held Jan. 31, 2008.