Software Technology Group International Limited
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BSE Code:
532293
NSE Code:
SOFTTECHGR
Business Profile
Business Profile
Software Technology Group International (SOFTECHG) is a pioneer in the field of software consultancy and software training. It was incorporated as a private limited company on Apr. 24, 1992. Earlier known as AASHI Consultants, it became a public limited company with the present name in February 1994.
The ISO 9001 certified company offers services like white papers and case studies through its knowledge center; global sourcing through its state-of-the-art development centers across the globe; application integration, maintenance, development, and migration; online assessment systems including professional selection and testing, test content authoring, registration and scheduling, professional test delivery, and assessment systems for K-12 education; and business process outsourcing. It has a major presence across the verticals of banking, finance and insurance; eLearning and education; healthcare; telecommunications; energy management; transportation and travel. In FY07 it released the next generation of an online assessment system for corporates and educational institutions.
Software development centers are located at Gurgaon in Haryana and Kolkata. The company has strategic alliances with Oracle, IBM, GI, Red Hat, Infosys Technologies, Pearson VUE, and SUN Microsystems. MoUs were signed with Infotec Commercial Systems, a leading US-based learning solution major for complete offshore software development services, and Infosys Technologies, as a business alliance partner for implementation of Infosys banking solutions including Finacle, its flagship core banking solution. It has entered into strategic alliance with Red Hat to promote Linux education in India.
A newly formed alliance with Software Technology Group (STG) will make Global Institute of Intellectual Property training programs available through the company`s state-of-the-art training centers at Bangalore, Delhi, Kolkata and Mumbai. The client list includes Some PRI - UK, USIT, WHO, Wells Fargo Bank, AT&T, HP, Verifone, Ernst & Young, GAIL, Yuken India, Dentsply, and Microsoft among many others. Software Technology Group International Inc. at New Jersey and Software Technology Group Inc. at California in USA are subsidiary companies.
The registered office is located at G-31, Second Floor, Cellular House Kalka Ji, New Delhi-110019.
Financials
Software Technology Group International registered a profit of Rs 15.65 million for the quarter ended March 2008.
It recorded a net sales of Rs 115.07 million for the quarter ended March 2008.
Total income was Rs 116.14 million for the quarter ended March 2008.
Recent Developments
18-FEB-08
On Feb. 16, 2007, the board of directors allotted 500,000 convertible warrants at a price of Rs 22 per warrant to non-promoter strategic investors with an option to convert them into an equal number of equity shares of face value Rs 10 each at a premium of Rs 12 per share after the prevailing statutory lock-in period as per SEBI guidelines. Shareholders has given their consent on Dec. 31, 2007.
04-JAN-08
A newly formed alliance with Software Technology Group (STG) will make Global Institute of Intellectual Property (GIIP) training programs available through STG`s state-of-the-art training centers at Bangalore, Delhi, Kolkata and Mumbai. This was related to GIIP`s announcement on Jan. 04, 2008 of an association with University of Washington, Center for Advanced Studies and Research on Intellectual Property (CASRIP), to collaborate for imparting world-class education in field of Patents & IP in India.