Mascon Global Limited
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BSE Code:
531131
NSE Code:
Business Profile
Business Profile
Mascon Global (MASCONGLO) is a provider of information technology (IT) services. Established in 1998, the company is listed on the Mumbai and Luxembourg stock exchanges.
The company offers a blend of products, services and delivery models to help clients build, deploy and maintain technology-based solutions to accomplish their business strategy. Focused service offerings in the areas of manufacturing, financial services, retail, telecom and wireless, media/publishing and healthcare and life sciences have provided the company a strong market differential in attracting and nurturing clients. Across these vertical offerings, the company provides highly specialized technology and practice centric services such as enterprise resources planning (blue printing, implementation, upgrade and maintenance) covering Oracle, SAP, JD Edwards and PeopleSoft; product outsourcing and lifecycle management; telecom and wireless technologies (supporting the OEMs and service providers); Java and Microsoft .NET based application solution services; quality assurance and compliance solutions offering; life sciences practice with product and services offerings in the area of healthcare and computational biology.
Mascon Global is ISO 9000: 2001 assessed and is certified under the SEI CMMi Level 5 assessment for its software engineering and support services. The company is a reputed global Tier-II player with development and delivery centers in USA, Mexico and India. It has achieved the Microsoft Gold Partnership based on its capabilities in delivering the products and services using Microsoft platforms. It has an excellent global client base ranging from fortune 500 companies to start-ups across diverse industry segments.
The registered office of the company is at Sri Rama Building, First Floor, New No. 38 (Old No. 159), Greams Road, Chennai -600006 and corporate office at B-8/10, Vasant Vihar, New Delhi-110057.
Financials
On a consolidated basis, Mascon Global swung to a loss of Rs 31.4 million for the quarter ended June 2007.
Net sales rose 30.18% to Rs 337.3 million for the quarter ended June 2007 from Rs 259.1 million for the quarter ended June 2006.
Total income rose 2.99% to Rs 338.1 million for the quarter ended June 2007 from Rs 328.3 million for the quarter ended June 2006.
The company posted an EPS of Rs 0.1 for the quarter ended June 2007.
Recent Developments
23-MAR-08
London-based investment firm, Greater Pacific Capital has recently made a strategic investment in Mascon Global (MGL) on Mar. 18, 2008, as part of its continued commitment to providing capital and expertise to knowledge- based businesses in India and China, the company said on Sunday
12-MAR-08
The board of directors of Mascon Global, at its meeting held on Mar.11, 2008, considered and approved the acquisition of Jass & Associates, USA, which is engaged in providing ERP solutions to fortune 100 clients and SDG Corporation, USA, which is engaged in providing Identity management solutions, digital media and broadcast to fortune 100 and fortune 500 clients.
24-SEP-07
The shareholders gave approval for increasing the authorized capital of the company from Rs 3,600,000,000 to Rs 4,500,000,000.