Tricom India Limited
Add to watch list to get report alerts
BSE Code:
531675
NSE Code:
TRICOM
Business Profile
Business Profile
Mumbai-based Tricom India (TIL) is a non-voice business process outsourcing company. TIL has been serving overseas clients in the private and government enterprises in financial and banking, legal, insurance, pharmaceutical, logistics sectors. Tricom has customers spanning across USA, UK, Ireland, Canada & Australia. TIL has set up a wholly owned US subsidiary namely, the Tricom Document Management.
Financials
TIL showed an impressive performance during the second quarter ended Sep. 30, 2006. The company reported a 55.14% growth in net profits for the quarter ended Sep. 2006 to Rs 38.77 million as against Rs 24.99 million during the corresponding quarter last year. Sales for the same quarter increased 9.38% to Rs 73.24 million as against Rs 66.96 million last year. Net profit for FY06 stood at Rs 88.71 million as compared with Rs 40.94 million in FY05. Net sales for FY06 stood at Rs 237.04 million as compared with Rs 125.47 in FY05. The EPS for FY06 stood at Rs 19.57.
Recent Developments
02-MAY-08
Tricom India announced on Friday the board of directors of the company approved acquisition of Godrej Global Solutions (GGSL), a subsidiary of Godrej Industries. The acquisition will be completed in due course subject to approval from the shareholders.
20-FEB-08
Tricom India announced that the Tricom Document Management, a specialist in electronic management solutions for active and legacy document globally, has signed a memorandum of understanding (MoU) with ONSITE3, a global litigation support and electronic evidence solutions for law firms and corporations. This alliance has provided Tricom a platform to provide ONSITE3 eView review to its worldwide clientele under its Attorney Document Review service offerings for document review and repository hosting services.
24-SEP-07
Tricom India, signed a Memorandum of Understanding (MoU) to acquire assets of the US based - Apex Document Solutions, a full service provider of litigation support services for legal practitioners for USD 2 million. The acquisition has been funded through internal accruals and finance from the banks and institutions.
Future Plans
The company is planning to set up a data processing centre in Nashik and hire 1,500 employees there.