Taksheel Solutions Company hyderabad

100% ISO 9001:2000 certified company, Taksheel Solutions Limited is an leading IT company in Hyderabad. Taksheel offers application development, financial services, business intelligence and maintenance, offshore outsourcing management services. Taksheel solutions a IT company vision is to simplify the Information Technology for your business. In the year 2000, Taksheel solutions has expended their business activities to support US based operations. We already set up 150 seat capacity center at AP, Hyderabad.

Some of the achievements and growth of Taksheel Solutions Company

• In the year of 2001, Taksheel Solutions has entered into Insurance, financial and banking services. Taksheel Solutions Company received 100% ISO 9001:2008 certification. 

• In the year of 2006, Taksheel Company has acquired 100% share holding in IBSS Inc.

• In the year 2006, Taksheel Company was converted into public limited company in the name of Taksheel Solutions Limited.

• In the year 2007, Taksheel Company has acquired Business Intelligence and Data Warehousing management services.

With all the company strengths, we are in the process of expanding the business operations world wide and mainly we are expanding business operations across the Middle Eastern Countries and in Asia Pacific Markets.

To know more about Taksheel achievements and services, please visit Taksheel Solutions Limited

a visit to ibss taksheel software solutions

Taksheel Solutions Ltd was incorporated on September 23, 1999 as IBSS Techno-Park Pvt Ltd in Hyderabad. The company was established with a vision of simplifying Information Technology for business. In the year 2000, the company expanded their activities to support US operations. Also, they set up a 150-seat capacity center at Hyderabad.

In the year 2009, the company set up a new SEZ unit at Lanco Hills Technology Park Pvt Ltd (SEZ) Hyderabad. Also, they acquired Telecom Software products from Verisoft Business Solutions Pvt Ltd. In the year 2010, the company divested 100% shareholding in their subsidiary, International Business Software Solutions (IBSS) Inc, New Jersey, USA.

In November 29, 2006, the name of the company was changed from IBSS Techno-Park Pvt Ltd to Taksheel Solutions Pvt Ltd. In December 28, 2006, the company was converted into a public limited company and the name was changed to Taksheel Solutions Ltd. In the year 2007, the company acquired Business Intelligence and Data Warehousing business of Dataformix Technologies Inc., USA. 

In the year 2011, the company received ISO 9001:2008 certification. In February 15, 2011, they opened a branch in Singapore as 'Taksheel Solutions Ltd Singapore Branch'. In June 29, 2011, they started a non SEZ software development center in Warangal, India.

The company is in the process of expanding their operations geographically. They propose to expand their operations in Asia-Pacific markets and Middle Eastern countries.

Know more about financial services at : Taksheel Business Solutions

TAKSHEEL SOLUTIONS LTD. (TAKSHEEL) - COMPANY HISTORY

Taksheel Solutions Ltd is a 100% EOU and ISO 9001: 2008 certified company. The company is comprehensive IT Solution Company focused on providing products and services for the companies engaged in financial services industry & Telecom, which are driven by technology all over the world. The company is headquartered in Hyderabad, with an office in North America.

The company's solutions/services, in general technical areas, include Wealth Management Solutions, Telecom Solutions, Application Development & Maintenance, Data Warehousing & Business Intelligence and Offshore Outsourcing.

In the year 2001, the company entered into Banking, Financial Services and Insurance (BFSI) Sector. In the year 2003, they received ISO 9001:2000 certification. In the year 2005, the company acquired 100% shareholding in International Business Software Solutions (IBSS) Inc., New Jersey, an IT and ITES Solutions providers and thus International Business Software Solutions (IBSS) Inc became the wholly owned subsidiary of the company.

Taksheel Solutions Ltd was incorporated on September 23, 1999 as IBSS Techno-Park Pvt Ltd in Hyderabad. The company was established with a vision of simplifying Information Technology for business. In the year 2000, the company expanded their activities to support US operations. Also, they set up a 150-seat capacity center at Hyderabad.

In the year 2009, the company set up a new SEZ unit at Lanco Hills Technology Park Pvt Ltd (SEZ) Hyderabad. Also, they acquired Telecom Software products from Verisoft Business Solutions Pvt Ltd. In the year 2010, the company divested 100% shareholding in their subsidiary, International Business Software Solutions (IBSS) Inc, New Jersey, USA.

In November 29, 2006, the name of the company was changed from IBSS Techno-Park Pvt Ltd to Taksheel Solutions Pvt Ltd. In December 28, 2006, the company was converted into a public limited company and the name was changed to Taksheel Solutions Ltd. In the year 2007, the company acquired Business Intelligence and Data Warehousing business of Dataformix Technologies Inc., USA. In the year 2011, the company received ISO 9001:2008 certification. In February 15, 2011, they opened a branch in Singapore as 'Taksheel Solutions Ltd Singapore Branch'. In June 29, 2011, they started a non SEZ software development center in Warangal, India.

The company is in the process of expanding their operations geographically. They propose to expand their operations in Asia-Pacific markets and Middle Eastern countries.

Know more about financial services at : Taksheel Business Solutions

pavankumar kuchana chairman and managing director taksheel solutions

Taksheel Company was set up in 1999 with a vision of simplifying Information Technology for business. Our company has expand to emerge as a specialized in Information Technology Solutions offering Telecom Solutions, Wealth Management Solutions, Data Warehousing and Application Development and Maintenance.

Taksheel Company was incorporated on 23rd Sep 1999 as IBSS Techno-Park Pvt Ltd at Hyderabad, Andhra Pradesh. On 29th Nov 2006, the name of the company was changed to Taksheel Solutions Pvt Ltd. Later, the company is converted into a Public Ltd Company by passing the Special Resolution in the Extra-Ordinary general meeting held on 06 Dec 2006 and Register of Companies, Andhra Pradesh, Hyderabad had issued fresh certificate of incorporation consequent on such conversion on 28th Dec 2006. Taksheel Company is engaged in the business of providing Information Technology services to Wealth Management Service Providers. 

Our Promoters are Mr. Kuchana Ramaswamy and Mr. Kuchana Pavan Kumar(Individuals) and Lexicon Pvt Ltd(Corporate Promoter). Mr. Kuchana Pavan is the present Chairman and Managing Director of the company with a vision to carry forward and build a global organization with a focus on delivering value to customers.

Know more about financial services at : Taksheel Solutions

All about financial services of Taksheel solutions Pavan Kuchana.

Taksheel Solutions Limited is an India based Information Technology Solution Company. Mr. Pavan Kuchana (CMD) operates through a single segment, software development for taksheel solution company. Mainly, Taksheel Solutions concentrating on developing software as well as financial services and it also provides develops software and consulting services.

Financial Services in India:

For public purpose, many companies are hitting stock market against the expansive investor sentiment. The positive approach and robust management structure of the Indian Information Technology and Financial services that helps to stand the financial services in Banking sector. Usually the bank have been able to furnish growth of owing simple products and efficient regulations. Insurance, Mutual Finds and Investment banking are presently witnessing slow growth of owing to weak global sentiments. 

The financial service industry manages the money for corporations and individuals. It comprises in such organizations as investment banks, credit card companies, commercial, insurance  company , accounting agencies, consumer finance firms and brokerage firms. The financial service industry's are primarily related to banking and insurance services, investments, accounting, foreign exchange and in assets management.  

Coming to financial service industry, Taksheel Solutions plays a major role in the field of economic growth and development industry. We facilitate the setting up of small and big businesses. Employment and entrepreneurship are created with the help of financial services and enable people to earn and save.

Our range of financial services show the poor ways out of defects and of leading better lives. Financial Services offers opportunities to make money grow.  Know more about Financial Services

Pavankumar Kuchana, Chairman and Managing Director, Taksheel Solutions - Information

Pavankumar Kuchana, Chairman and Managing Director, Taksheel Solutions, Information or Old story.

Pavankumar Kuchana, Chairman and Managing Director, Taksheel Solutions, holds Bachelor's Degree in Electronic and Tele-communications from Nagpur University and Masters in Computer Science from City College of New York. Prior to joining the company, he founded IBSS Inc in New Jersey in 1995. In the year 2000, he became Director of the company and in the year 2006, he was appointed as the Managing Director.

 

Taksheel Solutions Limited (TSL) is a comprehensive IT Solution Company focused on providing products and services for the companies engaged in financial services industry & Telecom. Headquartered in Hyderabad, with an office in North America, the company provides professional IT services to global clients. The Company than evolved to emerge as a specialized solutions provider offering Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance.

 

Speaking with Yash Ved of IIFL, Pavankumar Kuchana says, “We have earmarked Rs 220mn for acquisition of mid-sized IT firm in the wealth management space in US.”

 

How was the response to the IPO?

The IPO was subscribed 2.95 times. The total bids received stood at 16,430,220 shares as against the total issue size of 5,500,000 shares.

 

The Company had fixed the price band at Rs 130 to Rs 150 per share. 

 

PNB Investment Services, a unit of Punjab National Bank (PNB), was the book running lead manager.

 

The company was planning to raise Rs 800mn via the IPO. 

 

Brief us about your expansion plans?

The Company plans to use the IPO proceeds for setting up of a new software development centres at SEZ inHyderabad and Warangal, acquisitions and other strategic initiatives, financing the incremental working capital requirements and to meet the general corporate and issue expenses.

 

Tell us about your geographic spread?

The company already has presence in India and New Jersey. It is now planning to expand operations in Asia-Pacific markets and Middle-East countries.

 

What are your acquisitions plans? 

We have earmarked Rs 220mn for acquisition of mid-sized IT firm in the Wealth management space in the US. 

 

What is the revenue mix?

About 50% of our revenue comes from Wealth Management Solutions and remaining 50% comes from Data Warehousing & Business Intelligence.

 

Brief us about the financials?

For the year ended 31st March, 2011, the turnover was at Rs 1472.6mn, while the net profit was stood at Rs 274.1mn.

 

The Pre-issue Net worth as on March 31, 2011 was Rs 906mn and the Earning Per Share (EPS) as on March 31, 2011 was Rs 16.51.

 

What are your hiring plans?

Our current employee strength stands at 70. We are planning to create development centers in Hyderabad and Warangal that can seat up to 500 people.

Know more about Mr. Pavan Kuchana at : Taksheel Solutions.  

Source: IIFL