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AJEL Limited
Sector:IT IT - IT Enabled Services
BSE:530713NSE:NABloomberg:AJEL@INReuters:AJEL.BO
Market Lot: 1Face Value: 10ISIN Demat: INE229B01015
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17-Nov-2010
Business Profile
Choksh Infotech (CHOKSHIN), incorporated in 1994, offers business process outsourcing (BPO) services. Earlier known as Choksh Securities Company, it got its present name on Nov. 13, 1997.

The company has revamped its business with the acquisition of Ajel Technologies India and its subsidiary in USA, Ajel Technologies Inc. This has enhanced capabilities in software development, system integration and outsourcing. It has infrastructure to offer BPO services and is targeting non-voice areas including medical billing, financial accounting and related international projects.

The registered office is located at 106, Mhada Commercial Complex, Oshiwara, Jogeshwari (West), Mumbai-400102.


Financials
The company reported rise of 102.76% in standalone net profit on y-o-y basis to Rs 0.05 million, while total income rose 220.60% y-o-y basis to Rs 7.47 million for the quarter ended September 2010.

Recent Developments
12-AUG-10
Avantel has received an order worth Rs 133.70 million from Bharat Electronics, Hyderabad for supply and service of electronic products worth .

02-AUG-10
Avantel announced that it has received an order worth Rs 111.6 million from Antrix Corporation, department of space, Government of India (GoI) for supply, commissioning and installation of satellite communication terminals.

10-MAY-10
Avantel announced that it has got an order from Antrix Corporation, Department of Space, for supply of satellite communication equipment worth Rs 132 million.

29-APR-10
Avantel today announced that its board has approved the formation of a subsidiary company for the purpose of power project.

03-MAR-10
Avantel, engaged in offering telecom products and software solutions has bagged an order from defense ministry worth Rs 14.8 million.

27-AUG-10
Borosil Glass Works aanounced that its Board of Directors at their meeting held on Aug. 27, 2010 have decided to sell its property at Marol, Andheri to Neepa Real Estate (P) at a price of Rs 8.3 billion and are taking steps for its implementation.

10-AUG-10
Borosil Glass Works, engaged in the business of low expansion borosilicate glassware Borosil Glass Works, engaged in the business of low expansion borosilicate glassware

10-AUG-10
Borosil Glass Works, engaged in the business of low expansion borosilicate glassware Borosil Glass Works, engaged in the business of low expansion borosilicate glassware

29-APR-10
Avantel today announced that its board has approved the formation of a subsidiary company for the purpose of power project.

03-MAR-10
Avantel, engaged in offering telecom products and software solutions has bagged an order from defense ministry worth Rs 14.8 million.

23-NOV-09
Century Extrusions today announced that its directors have approved the grant of various credit facilities to the company and renewal-cum-enhancement of working capital facilities by State Bank of India, Industrial Finance Branch, Kolkata in consortium with Axis Bank.

18-NOV-09
Credit rating agency, CRISIL has revised its rating outlook on Century Extrusions (CEL`s) term loan to Stable from Negative, while reaffirming the rating at BB+.

10-AUG-10
Borosil Glass Works, engaged in the business of low expansion borosilicate glassware Borosil Glass Works, engaged in the business of low expansion borosilicate glassware

29-APR-10
Avantel today announced that its board has approved the formation of a subsidiary company for the purpose of power project.

03-MAR-10
Avantel, engaged in offering telecom products and software solutions has bagged an order from defense ministry worth Rs 14.8 million.

20-JUL-10
Ajel Infotech announced that board meeting that was suppose to be held on July 20, 2010, is now adjourned to July 22, 2010. The board in this meeting will consider merger of RTEngines (P).

12-JUL-10
Ajel Infotech has signed separate business contracts with Talitha Global, U.A.E. and JASH Consultants, Singapore to provide eCRM mobility solutions to help streamline their customer relationship management on the go.

10-AUG-10
Borosil Glass Works, engaged in the business of low expansion borosilicate glassware Borosil Glass Works, engaged in the business of low expansion borosilicate glassware

29-APR-10
Avantel today announced that its board has approved the formation of a subsidiary company for the purpose of power project.

03-MAR-10
Avantel, engaged in offering telecom products and software solutions has bagged an order from defense ministry worth Rs 14.8 million.



Future Plans
Choksh Infotech is fully geared up to meet the demand in the BPO section mainly into non-voice area. The company is targeting medical billing, financial accounting and related international projects. It is ready to commit resources only on agreement for business on long-term basis with an assured return.


In Brief

 
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