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Swarnajyothi Agrotech and Power Limited
Sector:IT IT - Software - Small/Medium
BSE:90090NSE:NABloomberg:SWAPL@INReuters:SWRN.BO
Market Lot: 1Face Value: 10ISIN Demat: INE846A01026
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05-Mar-2012
Business Profile
Kushal Software (KUSHAL) is engaged in software development, information technology enabled services, contact center customer services and back office transaction services. It was incorporated as a private limited company on Jan. 12, 1994 and converted into a limited company on Apr. 02, 1996. Earlier known as Prarambh Finance & Leasing, it got its present name on Apr. 01, 1999.

Software development services include system design and architecture, product development life cycle management, database design and integration, business process automation, user interface, navigation and design, e-commerce, production/operations support, web hosting and website management; contact center customer services such as telephone and email, live chat support, inbound and outbound; back office transaction services including tracking of transaction processing, monitoring credit cards, bank transfer, e wallet and other payment methods, and risk management.

Based in Mumbai, some of the software developed include Project Maker, which provides full-fledged information to establish new projects; Pharma Soft, providing total solutions to pharmaceutical companies; Jewel Soft, developed for the small and medium-sized jewelry manufacturing and trading companies; and Autoiscool, a complete suite of applications to automate all aspects of school management.

The registered office is located at E-109, Crystal Plaza, New Link Road, Andheri (W), Mumbai-400053.



Financials
The company disclosed rise of 236.42% in standalone net profit on y-o-y basis to Rs 5.82 million, while total income increased 2.60% y-o-y basis to Rs 93.27 million for the quarter ended December 2010.

Recent Developments
05-MAR-12
Octant Industries has announced that the Orissa Pollution Control Board has given clearance for construction of the Biomass Power Project in Sambhalpur District, Orissa State.

01-FEB-12
Octant Industries today announced that the company has received clearance from various government authorities such as OPTCL for evacuation of power and permission from pollution control for establishing the power project.

06-JAN-12
Octant Industries today announced that it has received domestic order of Rs 10 million & export order of Rs 20 million for castor oil derivatives business recently. The future of castor business will be bright in this year and as well as FY 2012-13 since the area under castor cultivation in 2011-12 has increased to 8.11 lakh hectares from 5.19 lakh hectares which is up over 50% from the previous year.

22-DEC-11
Octant Industries is implementing the Biomass cum Thermal Power Project in the state of Orissa, Sambalpur District.

22-DEC-11
Octant Industries has announced that the company is implementing the Biomass cum Thermal Power Project in the state of Orissa, Sambalpur District. The company is taking all necessary steps and placing orders with various reputed agencies for fast implementation of the proposed power project.

08-DEC-11
Octant Industries has started its works for setting up of 10 MW Bio Mass Power Project in SambalPur District in Orissa State.

24-OCT-11
Octant Industries has announced that the company has bagged combined export orders for castor oil derivatives to the tune of Rs 50 million from its International Customers Rita Corporation of USA, National Oil Grease Company of Egypt, Meckong Petrochemical Joint stock Company of Vietnam and continental link of Canada.

25-APR-11
The commercialization of the project will be done under the strategy presented by Xavier Institute of Management, Bhubaneswar in coordination with Octant Industries and Shree Diagnostic & Research. The primary object of the model project proposed is to faciltate value additon of Mahua Products and standardize the process necessary for viability and commercialization.



In Brief

 
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