AN ENTREPRENEURIAL EPIDEMIC - PRAMATI TECHNOLOGIES
Article Abstract:
In a very short period of time Hyderabad has become a centre for computer software development services. Whether it is product development or bodyshopping or any software service, the mad rush can be seen everywhere in Hyderabad. In Bangalore, the software growth was basically due to American infotech (IT) majors setting up shop while Hyderabad's flourishing scenario is mainly due to people striving hard. They borrow from family and friends from overseas and invest into the business. The number of local units registered with the Hyderabad office of the Software Technology Parks of India (a unit which keeps record of exporters) has grown from 105 to 124 in last year. This has increased the value of exports from Rs133.95 crore to Rs283.59 crore. The number is expected to be 220 by 1998 end, increasing the corresponding value of exports to Rs500 crore which is a 76 percent growth over last year. One of the upcoming software company is Pramati Technologies started by Vijayaprasanna and his brother Jairaghavendra. They are into developing web application products. Pramati has developed a healthcare application software product which is being used by Blue Cross health insurance company in Pennsylvania. The company is marketing its latest product, Proton, in the US. The company has posted a turnover of Rs30 lakh in 1997 and expects to post a turnover of Rs1 crore this year. But the problem being faced by them is raising funds to launch their operations. They feel the need for recognition of intellectual property as security by the banks since banks in India still demand physical assets for the funds. (um)
Comment:
India: Hyderabad, India, has become a center for computer software development services in the country
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1998
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CMC LIMITED
Article Abstract:
CMC Ltd posted a net profit of Rs4.13 crore for the nine months ended December 1998 (Rs2.45 crore for the nine months ended December 1997) on a turnover of Rs215.98 crore (Rs170.80 crore). Bulk of its revenues is from its customer service division which has executed major orders including the Railway's nationwide passenger reservation system. Its systems integration division has implemented an online trading system, VECTOR for stock exchanges. It has entered into a strategic tie-up with Baan and NCR for marketing its banking packages and with Price Waterhouse Coopers for Web solutions. Its International Business division handles projects in Malaysia, Germany, Canada and Hong Kong. CMC's other divisions include Indonet and Educational Training division. CMC plans to focus on improving productivity, strengthening management processes and globalising its business. It intends to provide Internet services to corporate clients. The company has targeted ten percent of revenues from the education and training division and 50 percent from integration and software development. It has projected revenues of Rs750 crore by 2000 AD. (tsm)(vr)
Comment:
CMC Ltd posted a net profit of Rs4.13 crore for the nine months ended December 1998 (Rs2.45 crore for the nine months ended December 1997) on a turnover of Rs215.98 crore (Rs170.80 crore).
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1999
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SOFTWARE SOLUTIONS
Article Abstract:
Software Solutions of Chennai is a computer training company. It offers training on various RDBMS platforms. It plans to venture into product development. (tsm) (kvr)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1999
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