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 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

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 

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

Latest Taksheel solutions Limited Information

Welcome to Taksheel Solutions Limited! your ultimate destination for all wealth management, financial services, Data Warehousing, Application Development and Telecom Solutions. Taksheel Company is a leading Application Development and Application Maintenance company in Hyderabad, India. Taksheel Solutions is a right place to every application development problems. 

To start a new business and a solution to every business man's  worry about growing their business. Our aim is to provide you with one stop destination solutions for all your wealth management and software services. We at Taksheel Solutions have at your disposal leading edge telecom solutions ranging from highly advanced and most effective wealth management and application maintenance services to even small scale requirements. 

We offers offshore outsourcing, business intelligence which involves working on both easy and complex solutions. We provide offshore outsourcing , application development and infrastructure outsourcing services. 

For more information visit us at: Taksheel Solutions Limited

Pavan kumar Kuchana-Company History

Taksheel Solutions Ltd - Pavan Kumar Kuchana- 

Company History

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.

Taksheel Company Solutions and Services...

• Wealth Management Solutions
• Telecom Solutions
• Data Warehousing
• Application Development & Maintenance
• Business Intelligence & Offshore Outsourcing

Taksheel Solutions Company Events and Milestones.....

1. In 2000, IBSS Techno-Park Pvt Ltd was incorporated
2. Setting up of 150-seat capacity at Hyderabad 2001
3. Entered into Banking, Financial Services and Insurance (BFSI) Sector 2003
4.  Received ISO 9001:2000 certification 2005
5. Expansion of IBSS Techno-Park Private Limited to support US operations

See more at: Taksheel Solutions Ltd