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Palred Technologies Limited
Sector:IT IT - Software - Small/Medium
Market Lot: 1Face Value: 10ISIN Demat: INE218G01033
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Business Profile
Four Soft, incorporated in 1999, is a software company which develops software products and provides IT consultancy services for the logistics and supply chain management marketplace.

The ISO 9001:2000 certified company provides readymade and tailor-made solutions and products for freight forwarding, shipping, customs brokerage, contract and warehousing logistics, shipper logistics, and business intelligence. The product portfolio includes enterprise product suite namely 4S eTrans, 4S Visilog, 4S eConnect and 4S IDrive and the newly rolled out 4S eLog, Four Soft`s warehouse management application. While delivering integrated software products to customers, it also provides consulting, customization, implementation, and training services. It has 10 development centers across the world with a global center in Hyderabad.

The company has signed deals with several companies like Yusen Air & Sea Service, a Japanese transportation and logistics giant; Fedex Trade Networks, a global transportation and logistics arm of Fedex; and Samudera Shipping Line, a Singapore-based company, to implement various solutions. IAL group, a leading shipping and logistics organization, has selected 4S eTrans to support their multi-modal freight forwarding operations in India.

The client list includes Fortune 1000 companies, including some logistics and transportation majors like Fly Jac Logistics, Roton Vander, S-Net Freight (Holdings), WT Group Companies, TNT Freight Management, and other companies. It has technology alliances with Oracle, Sun Microsystems and IBM Software. Four Soft B.V, Netherlands; Four Soft Singapore; Four Soft Malaysia; and Four Soft Nordic A/s, Denmark are direct subsidiaries. Four Soft Netherlands B.V, Netherlands; Four Soft UK; Four Soft Germany; Four Soft USA Inc.; and Four Soft Japan are step down subsidiaries. In FY07, Transaxiom Holding A/S, Denmark and FWL Technologies, UK were acquired to consolidate operations.

The registered office is located 5, Q1, A3, 5th Floor, Cyber Tower, Hitec City, Madhapur, Hyderabad-500081, Andhra Pradesh.

The company reported rise of 52.91% in consolidated net profit on y-o-y basis to Rs 32.15 million, while total income rose 16.61% y-o-y basis to Rs 104.54 million for the quarter ended September 2016.

Recent Developments
Palred Technologies (PTL) announced that its Board, in the Meeting held on April 11, 2017, approved investment of Rs 300 million in its subsidiary Palred Online Technologies Private which owns and operates, lndia's largest e-tailer for mobile accessories. Post this investment, will be valued at Rs 2.25 billion.

22-DEC-15, India's No. 1 Tech Accessories online store is receiving additional funding of Rs 200 million from its existing investor, Palred Technologies (PTL), bringing in a total investment

Palred Technologies announced that the company has acquired 74% stake in Palred IT Services, consequent to which, the Palred IT Services is a subsidiary of the company.

Palred Technologies announced that the company has invested in equity shares of Palred Online Technologies (POTPL) for acquisition of 74% of equity share capital, consequent to which POTPL is subsidiary of the company.

Palred Technologies (formally known as Four Soft) said on Wednesday that its board of directors has approved the merger proposal of Palred Media and Entertainment and Pal Premium Online Media with the company

Paired Technologies (formerly known as Four Soft) said that its board of directors will meet on Jan. 08, 2014, to consider and approve proposal of merger of Paired Media and Entertainment and Pal Premium Online Media with the

Four Soft announced that it has completed the sale of the business and investments in foreign subsidiaries for a rupee equivalent of USD 22.50 million and the company's entire shareholding in its wholly owned foreign subsidiaries for a rupee equivalent of USD 20.90 million.

Four Soft announced that the board of directors approved the acquisition of business and certain investments o Four Soft by Transport I.T. Solutions, a Kewill Group

Future Plans
Keeping in line with the expansion plans, the company is adding a workspace of over 25,000 sq ft with a sitting capacity of about 350. The company is also very keen to expand in the domestic market. With the two full sales managers based out of its offices in Mumbai and Hyderabad focusing exclusively on the domestic market, the company is in the process to get on board a senior regional head for India region.

In Brief

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