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Zylog Systems Limited
Sector:IT IT - IT Enabled Services
Market Lot: 1Face Value: 5ISIN Demat: INE225I01026
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Business Profile
Zylog Systems (ZYLOG) is a global services provider delivering technology-driven business solutions. It was incorporated as a private limited company on Jun. 01, 1995 and was converted into a public limited company with the current name on May 11, 2000.

The 100% export-oriented company provides IT outsourcing services, application development, application integration, business intelligence and data warehousing, infrastructure management, QA and testing services, and BPO services. It offers ZConnect, a software program which provides alerts and notifications over SMS; ZPRISM, a world-class wireless transactional server designed to provide end-to-end mobile solutions; RTGS PayManager, an intra-day liquidity manager; a claims management system for insurance claim agents/brokers; check truncation system, a data and image-capturing application; and the AML-Detector, a complete anti-money laundering solution.

The ISO 9001:2000 certified company has four leased facilities in Chennai, an 80,000 sq. ft. facility in Sholinganallur, Chennai and an offshore center at its New Jersey office. It has signed a memorandum of understanding in 2007 for acquiring Ewak Creative Compusoft and Chennai & Anodas Software in UK. The Company`s subsidiary Zylog Systems (India) entered into a collaboration agreement with BCSIS, Singapore to implement and market the Cheque Truncation System in India. Other subsidiaries include Vishwa Vikas Services, Zylog Systems (Uk), And Zylog Systems Asia Pacific. The company has business partnerships with Sun and HP, a certified partner of Microsoft, Orange and IBM. The company has sales offices in New York, Virginia, Illinois, Georgia, California, and Texas in USA and Mumbai in India. It has developed over 259 clients in 2006-2007.

The registered and corporate office is located at No. 82/40, First Main Road, CIT Nagar, Nandanam, Chennai-600035.

The company reported fall of 410.09% in standalone net profit on y-o-y basis to Rs 2,211.59 million, while total income fell 77.93% y-o-y basis to Rs 1.24 billion for the quarter ended March 2014.

Recent Developments
Zylog Systems reported a decline in consolidated net profit for the quarter ended March 2013. During the quarter, the profit of the company fell 98.87% to Rs 6.33 million from Rs 558.42 million in the same quarter previous year.

Zylog Systems announced that the board of directors appointed Venkateswaran, company secretary and compliance officer from June 01, 2013.

Zylog Systems announced in its GDR committee meeting that, the company has accepted exercise of over allotment option under the information memorandum and issue 1,450,000 GDSs (4,350,000 equity shares) at a price of USD 2.76 aggregating to USD 4,002,000 of the company.

ICRA Online has assigned the Fundamental Grade 3 and the Valuation Grade B to Zylog Systems (ZSL). The fundamental grade 3 assigned to ZSL indicates that the company has??? good fundamentals.` The valuation grade B implies that the company is ???moderately undervalued??? (as on the date of the grading assigned).

Zylog Systems has posted consolidated net profit of Rs 545.31 million for the quarter ended December 31, 2011 as compared to Rs 383.92 million for the quarter ended December 31, 2010, reflecting an increase of 42.04%.

Zylog Systems a Chennai based leading technology solutions company and software service provider, today announced that Sthithi Insurance Services one of the promoters of the company, has increased its holding in Zylog by 2.78%,

Zylog Systems a Chennai based leading technology solutions company and software service provider, today announced that it has been included in the Talkin`

Zylog Systems India announced the launch of its Wi5, Broadband services in Puducherry, offering high speed, unlimited download and highly affordable internet experience to the people of the union territory.

In Brief

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