Taksheel Solutions Limited IPO in Detail

Incorporated in 1999, Taksheel Solutions Ltd is IT Solution Company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. Headquartered in Hyderabad, with an office in North America, they provide professional IT services to global clients. Taksheel Solutions offering Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance

Financial services provided by Taksheel Solutions includes wealth management to financial institutions such as Asset and Investment managers, Brokerage houses, Insurance, Hedge funds, Trusts and Family Offices. In Telecom Solutions, Taksheel offers Enterprise IP telephony Solutions, Carrier Switching & Billing Solutions, Contact Center Solutions, IVRS, SMSC, Voice & Video Conference solutions, Chat platforms, Content Delivery Platforms, Closed Private GSM network (CPMN) and In Information Technology services, Taksheel offers Enterprise Network Implementation(LAN,WAN,MAN), OS migration to open source, Data Storage Network(SAN,NAS)Software Development, Application customization, Managed IT services (Desktop, Server, Network, NOC support) Server Implementation and Support(Windows, Unix, Sun, Linux),Network & Data Security Solutions, Network Monitoring System, NOC support Systems, Data center and Disaster recovery center implementation, CRM solution and more.

Taksheel offers cost-effective solutions through its Onsite, Offsite and Offshore development methodology by leveraging its global delivery model and utilizing delivery centers based in Hyderabad, India, and New Jersey, USA. Some of their customers include Merryl Lynch and Bank of America.

See more at: Taksheel Solutions Limited

Mr. Pavan Kuchana

(Chairman and Managing Director)

Taksheel Solutions Limited: Private Company Information

Taksheel Solutions Limited is an India based Information Technology Company. The Taksheel Solutions company operates through a single segment and software development domain. Taksheel company is focused on developing software and consulting wealth management and financial services.   Our hands on experience and knowledge of several products, in the financial services environment enables us to deliver exceptional results to the clients in terms of implementation and customization of a third party modular or legacy systems.

We ability to integrate third party solutions and applications into our software frameworks such as "Integrated Wealth Management Frameworks" coupled with our global delivery model and ISO 2001 quality standards help us our clients to meet their requirements or business objectives, that to be in shorter period of time frames even under tighter  Information Technology budgets.

Address:                                          

Taksheel Solutions Limited                                       

8-3-833/22(Plat No:22), Ist Phase,                          
kamalpuri Colony, Adj. To Srinagar Colony,       Mr. Pavan Kuchana
Hyderabad- 500 073                                                Founder and CMD

                                          

Pavan Kuchana-NDTV

Taksheel Solutions Ltd is an ISO Standard IT Soutions and Wealth Management Solution company focused on providing technology based solutions and services for all the enterprises as well as financial service industry. Mr. Pavan Kuchana serves as the Chairman and Managing Director of Taksheel Solutions.

See more at: Pavan Kuchana(Chairman and Managing Director)

Interview with Latha Venkatesh and Ekta Batra of CNBC-TV 18-Pavan Kuchana

Below are some transcript of his interview with Latha Venkatesh and 

Ekta Batra of CNBC-TV 18.

Q 1: What are you raising in terms of a quantum? How will you utilize the funds? 

Answer: We are raising Rs 82 crore at the upper band and Rs 71 crore at the lower band. We are going to use around Rs 9.15 crore for Hyderabad development center, Rs 8.65 crore for Warangal development center and incremental working capital would be Rs 12.8 crore, Rs 22 crore for acquisitions. The rest is for general corporate purpose.

Q 2: Would that pose some kind of a risk because that is the country which is headed towards perhaps a recession or at least serious slowdown, are you likely to see that in a number of orders you book?

Answer: I just want to brief about the company. We are actually a technology company providing into the wealth management. That means any large financial institutions, which are looking to expand in the wealth management business and that is where we are coming deep domain expertise and providing the technology support to them. If you see from last decade, the wealth management industry is actually growing. Even if you see in India last five years it is growing. There it is a good opportunity. If you see all the financial institutions, traditionally they are making transaction based revenues and they are moving towards the fixed fee revenues. That was the major revenue stream for the financial institutions and they are spending on technology.

Q 3: Considering that you are so closely related to the financial space, are you seeing some amount of budget cuts coming across, loss in clients etc? 

Answer: Yes. Definitely, there will be a freeze or there will be little bit slowdown on the budget. Generally, we deal with fund managers, wealth managers. In our sector, what happens is whether the investment is in equities, mutual funds or fixed income products because the wealth management industry will not affect the way it will affect the rest of the sectors within the financial services.

Q 4: How are you planning to hedge yourself against this, considering that there has been some amount of concern coming in? Are you diversifying into new industries what is the plan going forward.

Answer:

No. There are two things. We have a telecom sector where we are nurturing. We do not have revenues right now in that space. But we are foreseeing that we are going to grow in that. In the wealth management, there is diversification . We are coming go the Asia pack and India and wealth management is still in nascent stage in India and it is going to grow. We are going to put our efforts to grow these regions.

Q 5:  Can you tell us how much of your business comes from top two, top five clients? 

Answer: Top two is around 28% and top five it is 60% and top ten it is 90%. 

To know more click here: Pavan Kuchana-CNBC TV-18

Pavan Kuchana- Taksheel Solutions to use part of IPO money for acquisitions

Taksheel Solutions Information Technology firm taksheel solutions Rs 80 crore IPO has opened.  In an interview to CNBC-TV18, Pavan Kuchana Chairman and Managing Director, Taksheel Company said, the taksheel company is raising Rs. 82 crore at the upper band and at the lower band Rs. 71 crore. Further, Rs 22 crore taksheel solutions will use for IPO proceeds for acquisitions. 

• For Hyderabad Development Center, we are going to use around Rs.9.15 crore.

• For Warangal Development Center, we are going to use around 8.65 crore.

• 12.8 crore is for incremental working capital.

Below are some transcript of his interview with Latha Venkatesh and Ekta Batra of CNBC-TV 18.

1. Your operating cash flows have been negative for the past several years, why is that? If you are making profits, why is it that the operating cash flows are negative?

 Answer: We as a company we are using the money for expansion. 

2. When do you see it becoming positive?

Answer : It is positive. It is positive from going on. 

3. Can you tell us who your top clients are?

Answer: The clients that we are working with are LFG, Merrill. But we work with channel partners. We work with their prime vendors, but our relationship with clients is direct and where we deal with their business guys, technology guys. That is where the domain in technology we use it. 

4. Can you tell us how much of your business comes from top two, top five clients? 

Answer: Top two is around 28% and top five it is 60% and top ten it is 90%. 

5. Considering that you are so closely related to the financial space, are you seeing some amount of budget cuts coming across, loss in clients etc? 

Answer: Yes. Definitely, there will be a freeze or there will be little bit slowdown on the budget. Generally, we deal with fund managers, wealth managers. In our sector, what happens is whether the investment is in equities, mutual funds or fixed income products because the wealth management industry will not affect the way it will affect the rest of the sectors within the financial services. 

Read more at: Taksheel Solutions Limited