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Cressanda Solutions Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 1ISIN Demat: INE716D01033
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Business Profile
Formerly known as Cressanda Commercial and Financial, Cressanda Solutions (CRECOMFI) offers a host of IT, new media, and IT-enabled services. The company helps in revenue growth, productivity improvement and cost reduction by leveraging cutting edge technology to enhance the quality, context and flow of information between clients and their key constituents. The IT-enabled division provides an array of consolidated data management and managed services. Clients include NASSCOM, Epos, Nereus Infotek and ITL. The company has partnered with Ishi Systems to facilitate an outsourced environment for software engineering and developing cost-effective, end-to-end enterprise level solutions. The partnership presently has presence in the UK. Some other partners are Invention Submission Corporation and Sherwoods BPO.

The company disclosed rise of 88.89% in standalone net profit on y-o-y basis to Rs 0.01 million, while total income dropped 0.00% y-o-y basis to Rs 0.00 million for the quarter ended December 2012.

Recent Developments
Cressanda Solutions said on Wednesday that its 39th annual general meeting (AGM) will be held on Saturday, Sept. 7, 2013.

Cressanda Solutions announced on Monday that the board has recommended splitting of 30.36 million fully paid-up equity shares of face value of Rs 10 each into 303.57 million equity shares of face value of Rs 1 each.

Cressanda Solutions said on Monday that its board to approve the split of equity shares on July 6, 2013.

Cressanda Solutions said that its board to approve the date, time, venue of the Annual General Meeting (AGM).

Future Plans
The company will continue to leverage its technical expertise as it seeks business from software product companies in the international market. Also, the company has initiated in providing software solutions to certain vertical markets.

In Brief

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