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iGate Global Solutions Limited
Sector:IT IT - Software - Large
Market Lot: 1Face Value: 4ISIN Demat: INE177B01016
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Business Profile
iGate Global Solutions (iGATE), headquartered in Bangalore, is the flagship company of the iGate Corporation. It was incorporated in 1993 as Mascot Systems Private Limited.

The company provides services such as consulting, IT services, process outsourcing services and contact center. Some of the major clients of the company are ING Vysya Bank, Kwik-Fit Insurance and Garlock Sealing Technologies. The company has global employee strength of 4800, 70% of whom work in India.

iGATE`s integrated technology and operations (iTOPS) model is a business solution where the service partner is responsible not just for the outsourced business process but also for the underlying technology components.

IT solutions of the company cover areas like IT consulting, enterprise solutions, application development and maintenance, business intelligence, data analytics, data warehousing and infrastructure management services. The company also provides process-outsourcing services to banks, insurance companies and financial services companies .

The company disclosed rise of 97.60% in consolidated net profit on y-o-y basis to Rs 288.50 million, while total income rose 1.01% y-o-y basis to Rs 2.13 billion for the quarter ended December 2007.

Recent Developments
iGate announced on Monday it has accepted Patni Computer Systems` delisting offer of Rs 520 a share.

Credit rating agency, ICRA has revised the issuer rating outstanding on iGATE Global Solutions (iGSL) from IrAA ??? to IrAA-. The rating has been removed from rating watch with negative implications.

iGATE has partnered with Newgen to use OmniFlow as its application platform for RTBA to manage its rental bond processes. OmniFlow an internationally proven product solution will provide RTBA with a comprehensive

In Brief

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