Pavan Kuchana - Taksheel Solutions Ltd

Mr. Pavankumar Kuchana is the founder and Chief Managing Director of Taksheel Solutions Ltd. Taksheel is a leading provider of IT services, wealth management technology solutions to financial industry services. Mr. Pavankumar Kuchana started the company with a vision to build global organization and mainly focusing on delivering value to customers. He always focused on building crucial competency in financial services industry.

As a successful entrepreneur in the IT industry, Mr. Pavankumar brings significant vital expertise to the Taksheel Solution Team and guides them in developing "go to market" models. His skills meets important market opportunities, that helps the company in optimizing its financial resources to deliver technology solutions to the global markets where others find substantial enclosure to entry.

Mr. Pavan Kuchana holds B.E Degree in E&C branch from Nagpur University, India and completed MCA from City College of New York.

To know more information visit us at: Taksheel Solutions Ltd

Taksheel solutions Pavan kumar kuchana

Taksheel Solutions Limited: Mr. Pavankumar Kuchana has been a Managing Director and Chairman of the board of the Taksheel Solution. Taksheel company was set up in 1999 with a vision of simplifying Information Technology Services, Financial Services, Wealth Management Technology Solutions, Dataware housing, Application Development and Application Maintenance Services for your business.

Under the companies Act. 1956, our company is incorporated on 23rd Sep 1999 as IBSS Techno Park Pvt Ltd at Hyderabad, Andhra Pradesh. As a result, the name of the company was changed to Taksheel Solutions Ltd on 29th Nov 2006. After that our company is converted into a public limited company by passing the special resolution. Our company is engaged in the business solution of providing Wealth Management Services and Information Technology Service providers. 

Mr. Kuchana Pavankumar is the present Managing Director and Chairman of the company with a vision to carry forward and to build a global organization with a focus on delivering services to valuable customers. Our promoters are Mr. Ramaswamy Kuchana and Mr. Pavankumar(Individuals) and Lexicon Private Limited(Corporate Promoter).

Know more about pavan kuchana at :  Taksheel Solutions Ltd

All about pavan Kuchana Taksheel solutions

Taksheel Solutions Limited - Pavan Kuchana(Chairman and Managing Director)

1. How was the response to the IPO?

• The IPO was subscribed 2.95 times. The overall 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.
• Punjab National Bank(PNB) Investment services, a unit of PNB was the book running lead manager.
• Taksheel Solutions was planning to raise Rs. 800Mn via the IPO.

2. What is the revenue mix?

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

3. What are hiring plans?

Our client employee strength stands at 70. We already started Application Development and Application Maintenance centers at Hyderabad and Warangal that can seat up to 500 people.

Do you would like to know more about Mr. Pavan Kuchana visit us at: Taksheel Solutions Limited

Pavan Kumar Kuchana - taksheel solutions 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.

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

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