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Trigyn Technologies Limited
Sector:IT IT - Software - Small/Medium
BSE:517562NSE:TRIGYNBloomberg:LES@INReuters:TRIG.BO
Market Lot: 1Face Value: 10ISIN Demat: INE948A01012
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19-Jul-2018
Business Profile
Trigyn Technologies (TRIGYNTECH) is a software-led solutions provider and systems integrator. It was incorporated on March 25, 1986, went public in January 1995, and got its current name on July 19, 2000.

The company offers products including Apollo, a network independent billing application; the Global Financial Trading Suite including StockPro (equities back-office product), Money Manager (execution of securities/instruments), Fx Manager (an inter-bank deals and other transactions system), and METRE (a real-time multi-exchange trading engine for broking houses); and Fundpro, a sophisticated package for investment management and accounting. The services offered in different delivery models include cost-effective software, outsourcing, staff augmentation, re-engineering and migration solutions, testing and engineering.

The ISO 9001:2000 certified company has attained CMM Level 4 status. With development centers in New Jersey, Bangalore and Mumbai and software professionals in the US, Europe, the Far East and India, the company offers products and services targeted to serve sectors like finance/insurance, pharmaceutical, telecom and media, manufacturing/logistics, technology and consultancy sectors. The company launched DotNetNuke Practice in July 2007 and will be offering services built around this open source web application framework. It bagged a two-year contract from Commonwealth of Massachusetts to provide IT staff augmentation services to authorities within the Commonwealth; and a multi-year contract by the United Nations Development Program (UNDP) in March 2007 for application development services to be delivered from the company`s offshore and onshore facilities to UNDP country offices around the globe.

Some of the clients include ABN AMRO Charles Stanley, Cigna/ACE-USA, Merrill Lynch, Standard and Poor, Telecheck, the United Nations, Belgacom, Bosch Rexroth Indramat among others. The registered office of the company is located at 27, SDF-1, SEEPZ, Andheri (East), Mumbai-400096.


Financials
The company announced fall of 32.03% in consolidated net profit on y-o-y basis to Rs 92.06 million, while total income dropped 2.75% y-o-y basis to Rs 1.68 billion for the quarter ended March 2017.

Recent Developments
19-JUL-18
Trigyn Technologies announced that its subsidiary, Trigyn Technologies Inc. with its partner Envision Innovative Solutions, Inc. (Prime Contractor) has been awarded a five year contract, to provide support services to the U.S. Army Software Engineering Center (SEC) located at Picatinny Arsenal,

15-JUN-17
Trigyn Technologies' subsidiary Trigyn Technologies Inc., has extended contract with the United Nations for 12 additional months. The contract is for Communication & IT support at the UN Missions and other UN offices.

11-MAY-17
Trigyn has entered into a long term agreement with a Leading Private Sector Bank in India for enhancing the safety and security through IP-based Surveillance, Fire & Intrusion Alarm Systems for its branches and onsite ATMs at multiple locations across India.

02-MAR-17
Trigyn Technologies, Inc., wholly-owned subsidiary of Trigyn Technologies has been awarded a twelve year indefinite quantity fixed price & time & materials, consulting & technical services IT contract by the State of Maryland's Department of Information Technology.

23-NOV-15
Trigyn Technologies Inc, a wholly-owned subsidiary of Trigyn Technologies (Trigyn) has been awarded been awarded an Agreement to provide IT strategic sourcing services by the State of louisiana, divisions of administration, office of technology services, the award is for an initial duration of one year, with an option by the State of Louisiana to renew in one year increments, up to a maximum of three years.

23-NOV-15
Trigyn Technologies, an innovative, software-led solutions provider and systems integrator, has entered into Memorandum of Understanding (MoU) with Iris Corporation Berhad, Malaysia to engage in the following areas of Implementation of smart card solutions for transportation and logistics, automated fare collection, passenger baggage verification system, etc.

15-SEP-15
Trigyn Technologies wholly-owned subsidiary, Trigyn Technologies Inc., has been awarded the Data Capture project by World Intellectual Property Organization (WIPO) (an intergovernmental organization) at Nigerian Register of Trademarks, Patents and Designs for digitizing the IP registrations, applications, etc.

15-SEP-15
Trigyn Technologies' wholly-owned subsidiary, Trigyn Technologies Inc, has been awarded an Enterprise Technology Staffing Support contract by the City of Baltimore, technologies Department of Finance, Bureau of Purchases. The award is for an initial duration of two years, with an option to renew for three additional one year periods. The award is subject to approval by the board of estimates.



In Brief

 
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