PVP Ventures Limited
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BSE Code:
517556
NSE Code:
PVP
Business Profile
Business Profile
Software Solution Integrated Limited (SSIL), promoted by K S Suresh, was incorporated in 1991 as Software Solution Integrated Pvt. Ltd. The name was changed to the present one in 1994. SSIL`s business includes software training, software development services for large corporates and product marketing activities, with software training contributing to 90% of the turnover.
SSIL also has a placement division that helps students take up appropriate jobs. SSIL has been ranked as the third largest software education company in India by Dataquest magazine for the second consecutive year. SSIL enjoys over 15 per cent market share, followed by NIIT and Aptech which together account for over 50 per cent of the Rs 1,500 crore industry. In FY99, the company set up SSI Technologies, its dedicated software development and consulting division. SSI Technologies was successfully assessed for SEI SW-CMM Level 5 in August 2001. Thus the company joined a select list of 27 Indian companies (as per a Nasscom survey) to have achieved this quality landmark.
During FY 2001, SSIL completed acquisition of AlbionOrion LLC - USA and issued 6,38,236 shares in SSIL to the shareholders of AlbionOrion. In exchange, it acquired intangible assets valued at $51.381 million. The North American operations of SSI Technology (including those of AlbionOrion) are now being integrated into a new subsidiary SSIT North America Inc. A number of new clients including Wilson`s Leather, Cargill Salt, Baxter healthcare Appleton Paper, etc., were added during the year.
Financials
S S I swung to a loss for the quarter ended in March, 2007. During the quarter, the company witnessed loss of Rs. 16.62 million, from a profit of Rs 115.28 million during the corresponding quarter in the previous year. Total income dipped 93.69% to Rs 9.21 million, from Rs 146.05 million for the quarter ended March, 2006. The loss per share of the company stood at Rs 0.29 for the quarter ended March, 2007.