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Agnite Education Limited
Sector:IT IT - Software - Small/Medium
BSE:32358NSE:TELEDATAGLBloomberg:TLDI@INReuters:TDIL.BO
Market Lot: 1Face Value: 2ISIN Demat: INE480B01022
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22-Feb-2011
Business Profile
Incorporated in 1990, Chennai-based Tele Data Informatics (TELEDATA) is promoted by Capt K. Balasubramanium (chairman), K. Padmanabhan (managing director), and N. Sakthivel. It is a global software solutions company providing enterprise-wide solutions for the education and utility sectors.

With its operations managed from 48 countries, Tele Data Informatics provides software technology solutions for the education, communication and networking, technology, and agro-biotech industries. The company has established its software development and day-to-day support from its development center in Chennai. Teledata Informatics has received certificate of approval for ISO 9001-2000 from LRQA. It has been appraised at CMMI SW/SE Maturity Level 5. TELEDATA is recognized and registered as a software developer by World Bank.

The marine solutions division and technology solutions division have been demerged from the company into Teledata Marine Solutions and Teledata Technology Solutions, which will be listed separately. Its marine products are installed in over 1000 ships. Subsidiaries are Hopway, Hypersascom, Teledata Education Management Systems in education; i-Max, Voicetec, Insoft Systems, Kryptos, Net Eng Tel Co. in communication and networking; and To Be One Technologies. Teledata Informatics has also acquired a 100% stake in Soltius, Singapore and a majority stake in eSys Technologies, Singapore. TELEDATA and eSys Technologies is to set up a PC manufacturing unit in Himachal Pradesh and a total business offshoring (TBO) unit in Chandigarh.

Major clients include Chartworld Shipping Corporation, MSC Ship Management HK, Qatar Shipping Co., Chapel Hill-Chauncy Hall School, Masterbulk and Salamis Tours. Some of its partners in distribution are Lenovo, IBM, Wipro, HP and etc. Tele Data Informatics?s registered office is at Chennai, India.


Financials
The company reported fall of 130.81% in standalone net profit on y-o-y basis to Rs 22.05 million, while total income dropped 79.45% y-o-y basis to Rs 208.86 million for the quarter ended December 2010.

Recent Developments
29-JUL-10
Marksans Pharma announced that it has entered into a Business Transfer Agreement with Kores (India) for sale and transfer of its Active Pharmaceutical Ingredient (API) business together with the manufacturing facilities located at Daund district in Pune, Maharashtra as a going concern on the terms and conditions as set out in the agreement.

29-DEC-09
The board of directors of Marksans Pharma at its meeting held on Dec. 29, 2009, has decided to conduct postal ballot to seek approval of the members of the company to raise capital through issue of equity shares and/or equity shares through depository receipts and/or foreign currency convertible bonds and/or any other convertible bonds / securities upto an amount not exceeding USD 125 million

23-NOV-09
Teledata Informatics today announced that it has initiated legal action against Vikas Goel and Esys Technologies (P), Singapore for the breach of the terms of share subscription agreement dated Nov. 29, 2006.

29-DEC-09
The board of directors of Marksans Pharma at its meeting held on Dec. 29, 2009, has decided to conduct postal ballot to seek approval of the members of the company to raise capital through issue of equity shares and/or equity shares through depository receipts and/or foreign currency convertible bonds and/or any other convertible bonds / securities upto an amount not exceeding USD 125 million



Future Plans
Teledata Informatics will split this year into separate entities focusing on specific businesses. The de-merged entities will be Teledata Marine Solutions, and Teledata Technology Solutions.

In Brief

 
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