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Mindteck (India) Limited
Sector:IT IT - Software - Small/Medium
BSE:517344NSE:MINDTECKBloomberg:HDTI@INReuters:MDTK.BO
Market Lot: 1Face Value: 10ISIN Demat: INE110B01017
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20-May-2016
Business Profile
Mindteck India provides software services globally, with its particular strengths being in embedded software, ERP and e-commerce. In addition to development centres at Bangalore, Calcutta and Mumbai, the company has operational centers in USA, UK, Bahrain, Singapore and Malaysia.
The company has subsidiaries in USA, UK and Singapore. Its US subsidiary had also recently acquired ISS Consultants of USA.

The company`s registered office is at Bangalore and M G Ved is the chairman of the company controlled by Mauritius-based Embtech Holdings Ltd.


Financials
The company announced fall of 0.65% in standalone net profit on y-o-y basis to Rs 31.91 million, while total income increased 13.22% y-o-y basis to Rs 214.12 million for the quarter ended September 2015.

Recent Developments
10-MAR-16
Mindteck, a global technology company, has entered into an alliance with Intel that will provide scalable, interoperable solutions to accelerate the deployment of intelligent devices and end-to-end analytics.

21-DEC-15
Mindteck (India), a global technology company, signed a memorandum of understanding with Alafdaliyah Group.

05-JAN-15
Mindteck (India), a global technology company, announced the appointment of Avneet Gupta as chief operating officer (COO) effective Jan. 02, 2015. Avneet will report directly to Yusuf Lanewala, chairman & managing director.

04-OCT-13
Mindteck (India), a global technology company, has appointed Meenaz Dhanani as executive director.The appointment of Meenaz Dhanani effective from Oct. 4, 2013.

29-AUG-13
Mindteck, a global technology company, appointed Jagdish Malkani as non-executive independent director on August 8, 2013.

09-AUG-13
Mindteck (India) swung to a profit for the quarter ended June 2013. During the quarter, the company reported a profit of Rs 32.57 million compared with a loss of Rs 25.34 million in the same quarter last year.

12-JUN-13
Mindteck (India), a global technology and talent consulting company, today announced that Yusuf Lanewala, will serve as CEO and managing director until such time that the board identifies and appoints a person to fill the role vacated CEO & MD.

11-NOV-10
The company`s profit after tax (PAT) for the quarter was Rs 32.8 million, as against Rs 05.2 million in the corresponding quarter in the previous year, registering a increase of 6.3 times. Its consolidated revenues stood at Rs 688.1 million for the quarter, as against Rs 559.6 million during the same quarter last year 2009.



In Brief

 
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