HCL Technologies

 

The Indian IT market has been overflowing with players from all over - be it domestic or overseas. HCL Infosystems Ltd is one of the leaders in the Indian IT market, which was established in the year 1976. For more than twenty five years, they have developed and applied solutions to different market segments, spanning across a wide range of Indian technologies. They have always taken the lead for bringing in new technologies and solutions in the IT market.


Alliance & Partnerships of HCL Infosystems Ltd

HCL Infosystems Ltd has the capability of providing rich world-class solutions and services to all its customers and that have been all the more possible with alliances and partnerships with leading global IT companies.

Alliance partners of HCL Infosystems

Intel
AMD
Microsoft
IBM
Bull
Toshiba
Nokia
Sun Microsystems
Ericsson
NVIDIA
SAP
Scansoft
SCO
EMC
Veritas
Citrix
CISCO
Oracle
Computer Associates
RedHat
Infocus
Duplo
Samsung
Novell

Alliances with these global IT majors have enabled HCL to get access to the best of technology & products. The product portfolio gets enhanced on the other hand.

Strengths of HCL Infosystems Ltd

They understand the business of the customer and provide the apt technology to them
They have a long committed relationship with their customers
The support provided by the company is pan India
Customers get their value for money
They are the leaders in technology

HCL Infosystem's leadership initiatives

They gave the country's first DeskTop PC - BusyBee in 1985.
India’s first branded home PC – Beanstalk was launched in 1995 by HCL
HCL also gave India’s first Pentium 4 based PC at a sub 40k price mark
They also boast of providing India’s first Media Center PC

Financial highlights of HCL Infosystems for the third quarter of 2009

1.HCL Infosystems has registered a consolidated revenue of ` 3027.5 crore (USD 632.8 Million) for the quarter ended September 30, 2009.

2.The consolidated services revenue for the same quarter was ` 146.7 crore (USD 30.7 Million), growing at12% on a Y-o-Y basis.

3.The consolidated profit before tax for the third quarter for the company was ` 83.0 crore (USD 17.3 Million).

4.Consolidated profit after tax for the same quarter was ` 59.0 crore (USD 12.3 Million).

5.Computer Systems business generated revenue to the tune of ` 817.4 crore (USD 170.9 Million) for the third quarter.

6.Profit before interest & taxes for Computer Systems business for the September quarter, 2009 was ` 48.3 crore (USD 10.1 Million).

7.Telecommunication and Office Automation business generated revenue which amounted to ` 2221.6 crore (USD 464.4 Million), for the third quarter, growing at a marginal rate of 2%.

8.Profit before interest & taxes for Telecommunication and Office Automation business was ` 55.6 crore (USD 11.6 Million) for the same quarter.


Financial overview of HCL Infosystems Ltd for a span of five years:
(Rs/ Crore)

Particulars
 (year ended
June 30)    2008    2007    2006    2005    2004

Total Revenue    12605    11855    11455    7787    4412

PBIDT    489    454    396    308    238

Depreciation    19    15    12    15    18

Profit
before Tax    430    429    385    296    211

Provision for
Tax        130    113    105    68    36

Profit after Tax
(PAT)        300    316    280    228    175

Profit available
 for

appropriation    904    792    640    491    352


Contact details of HCL Infosystems Ltd
Corporate Office
E-4, 5 & 6, Sector 11
NOIDA 201 301, UP
India
Tel: +91 120 2526518/19, 2520977
Fax: 2550923 

infosys bangalore campus

Infosys Mysore

Infosys Technologies Ltd

Infosys Technologies Ltd is one of the biggest names in the Indian IT industry. This multinational IT services company with offices in 22 countries and development centers in India, Japan, China, Australia, UK and Canada, is headquartered in Bangalore, India. Currently (as of September 30, 2009), Infosys has 105,453 employees in its payroll. From a mere US$ 250 company in 1981, Infosys Technologies Ltd. has come up a long way to become a global leader with revenues of more than US$ 4 billion.

Infosys Technologies Ltd. "defines, designs and delivers technology-enabled business solutions" to its clients worldwide. It leverages its domain and business expertise as well as the strategic alliance with leading technology providers while developing its business solutions.

One of the major initiatives of Infosys Technologies Ltd. is its Global Delivery Model (GDM). It came forth as a disruptive force that leads to the rise of offshore outsourcing. Infosys has also made a mark in the software industry by its highly innovative solution for the banking industry - "Finacle".


Brief History

Infosys Technologies Limited started its journey on July 2, 1981 when N R Narayana Murthy along with six others, Nandan Nilekani, Kris Golapakrishnan, N S Raghavan, S D Shibulal, Ashok Arora and K Dinesh launched a software development company, called "Infosys Consultants Pvt. Ltd." with N S Raghavan being the first employee of the organization. The company started with a capital of INR 10,000 which Mr. Murthy borrowed from his wife Sudha Murthy. The operation started in the house of Raghavan in Model Colony in north-central Pune, which was the registered office of the organization. However, the office shifted to Bangalore next year, which became the headquarters of the organization soon.
The Growth

It's the year 1993 when Infosys went public. The IPO of Infosys was undersubscribed, which was later bailed out by Morgan Stanley, when it took up 13% of its equity (at the offer price of ` 95 per share). In 6 years, the price of the share soared up to ` 8,100 to make it the costliest share in the market in 1999. It came into the list of 20 biggest companies on NASDAQ in terms of market capitalization, leaving behind the big names like Adobe Systems, Lycos and Novell.

The sales and earnings of Infosys Technologies Ltd, since the listing on BSE till 2000, compounded over 70% a year. In 2000, the then US President Bill Clinton praised India for its accomplishments in high-tech areas referring the example of Infosys.

Awards and Accolades

As the company started growing at a higher pace, honors and accolades also started pouring in. In 2001, Business Today rated it as "Best Employer in India". Hewitt Associates also rated it the best employer to work for in the three consecutive years in 2000, 2001 and 2002.

Infosys Technologies Ltd. was also the only Indian company to win the prestigious Global MAKE award for the three consecutive years in 2003, 2004 and 2005. It also found place in the Global Hall of Fame for that.

Infosys was adjudged among world's 5 best performing companies in software and services sector by Forbes in April 2009. In the same year, the organization was rated amongst the "50 Most Innovative Companies" by Business Week.
Offerings

Infosys offers a range of solutions to its global customers. It offers solutions to wide array of industries. It provides various services like IT services, Engineering services, BPO services and consulting services etc.

Industries

Infosys Technologies offers services to the following industries:

Aerospace and Defense
Airlines
Automotive
Banking and Capital Markets
Communication Services
Consumer Packaged Goods
Discrete Manufacturing
Education
Energy
Healthcare
High Technology
Hospitality and Gaming
Insurance
Life Sciences
Logistics and Distribution
Manufacturing
Publishing
Resources
Retail
Studios and Networks
Utilities

IT Services

The IT Services offered by Infosys include the following:
Application Services
Architecture Services
Enterprise Quality Services
Independent Validation Services
Information Management Services
Infrastructure Services
Knowledge Services
Packaged Application Services
SOA Services
Systems Integration Services

Engineering Services

Infosys offers concept-to-market R&D and engineering services, which help its clients to improve their product operations. The services focus on the complete engineering value chain of different industries. Following engineering services are offered:

Lifecycle Management
Manufacturing Process and Plant Solutions
Product Engineering


Consulting Services

The consulting services offered by Infosys are meant to make its clients stronger and more competitive and also make them capable to manage global business more efficiently. Following consulting services are offered:

Core Process Excellence
Information & Technology Strategies
Learning & Complex Change
Next Generation Commerce
Product Innovation


BPO Services

Infosys Technologies Ltd. has a strong BPO division that delivers world-class process outsourcing.

Offerings by Industry
Aerospace and Automotive
Banking and Capital Markets
Communication Service Providers
Energy and Utilities
Healthcare
Insurance
Life Sciences
Manufacturing
Media and Entertainment
Retail and Consumer Packaged Goods
Services
Transportation and Services
Offerings by Function
Business Platforms
Customer Service Outsourcing
Finance and Accounting
Human Resource Outsourcing
Knowledge Services
Legal Services
Order Management
Sourcing and Procurement Outsourcing

Products

Infosys has got the following products and platforms that offer holistic and integrated transformation approach.

Collaborative Analytics
Infosys ActiveDesk
Infosys iProwe
Infosys mConnect
Infosys Unified Communications and Collaboration (UC)

Finacle Solutions

Finacle solutions are meant for the banking industry. Following are the solutions provide:
Core Banking
e-Banking
Mobile Banking
Treasury
Finanz Tools
CRM
Alerts
Wealth Management

Address

Infosys Technologies Ltd.
Plot#44
Electronics City
Hosur Road
Bangalore 561 229
Karnataka, INDIA
Tel: +91-80-28520261 / 351 / 363
Fax: +91-80-28520362
Web: www.infosys.com

Wipro Technologies

Azim Premji, chairman

 

 

 

 

Wipro Infotech is a part of US$ 5 billion Wipro Limited with US$ 24 billion market capitalization. Wipro is known for its quality. It is the first global software company to attain Level 5 SEI-CMM as well as the first IT Company in the world to achieve Six Sigma and Level 5 PCMM. Wipro has 13 regional offices across India. It also has offices in different places across the world including Egypt, UAE, KSA and Bahrain.

Brief History

Wipro Ltd. started its journey in 1947 as a vegetable oil trading company (Western India Palm Refined Oils) in Amalner, Maharashtra, India. It was M. H. Premji, father of its current Chairman Azim Premji, who founded Wipro. After his death in 1966, his son, a Stanford University graduate in Electrical Engineering, took the onus of leadership at the age of 21. Azim Premji repositioned the company into a consumer goods company and started producing hydrogenated cooking oils, laundry soap, wax and tin containers. Later Wipro Fluid was set up, which started manufacturing hydraulic and pneumatic cylinders.

In 1977, after IBM left Indian IT sector, Wipro entered into the market. It started developing its own computers. Within a couple of years, Wipro Ltd. started selling finished products. It licensed technology from Sentinel Computers in U.S. Wipro is also the manufacturer of India's first mini computers.

In 1980, Wipro Ltd. moved towards software development, when they started providing customized software to their hardware customers. This was just a beginning of a new era for Wipro. It spread its roots off shore in U.S. in 1992. By 2000, Wipro Ltd. managed to get enlisted on the New York Stock Exchange.

Financials

Wipro Limited saw a whooping growth in terms of its revenue which soared up by 450% from 2002 to 2007. In the quarter ended September 30, 2009, the IT Services business of Wipro Ltd. reported revenue of ` 49.96 billion with a growth rate of 5% YoY. It also recorded PBIT of ` 11.87 billion with a growth rate of 19% YoY. During the quarter, the operating income to the revenue was 23.8%.

During the quarter, Wipro Ltd. also added 37 new clients to its list. Currently (as of September 30, 2009), Wipro has employee strength of 97,891.

Products and Services

Wipro Ltd. offers a range of products and services to its clients. Moreover, its business solutions cover a wide array of domains.

Services
Following services are offered by Wipro Ltd.
 
System Integration
Platform Integration
Network Integration and Security
Storage Integration
Security Services
Enterprise Management Services
Contact Centre Technology Integration
Data Centre Integration
Business Continuity Planning and Disaster Recovery
Retail Automation
Telecom Integration
 
Managed Services
 
IT Service Desk
End User Services
Data Centre Services
Contact Centre Technology Management Services
Application Management
Managed Security Service
Business Service Management
 
Total Outsourcing
 
Consulting Services
Technology Infrastructure Services
Enterprise Application Services
Banking and Finance
Retail
ITES
Airline
 
Application Development and Portals
 
New Application Development
Existing Application Enhancement
Portal Development
Content & Document Management
Application Migration
Application Integration Services
Real time Solution – In Memory Database
SOA Solution
 
Business Transformation Services
 
Business Process Management System (BPMS)
Business Process Improvement
Integrated Quality Management System (IQMS)
 
Security Governance
 
Security Advisory Services and Assurance Services
Identity Management Services
Technical Risk Assessment
Compliance
 
Data Warehousing and Biz Intelligence
 
DW / BI Consulting
DW / BI Architecture
DW / BI Integration
DW / BI Management
ERP Analytics
CRM Data Warehouse
E-business Intelligence
 
Availability Services
 
24x7 Toll-free Contact Centre
SimpleConnect
ExpertConnect
Field Support

Products
 
Wipro Ltd. offers following products.
 
Wipro Computing Products
 
UltraLight Notebook
Performance Desktops
Wipro's Enterprise Servers
 
Technology Alliance
 
Enterprise Products
Enterprise Platforms
Networking Solutions
Data Storage
Enterprise Information Security
Enterprise Management
Emerging Technologies
Contact Centre Infrastructure
 
Packaged Software
 
Enterprise Applications (SAP, PeopleSoft, MS Dynamics, Oracle)
Solutions for fast emerging business
Application Development and Portals
Application Maintenance
Third Party Testing
Data Warehousing / Business Intelligence
Point Solutions

Domains

Wipro Ltd. offers solutions in the following domains.
 
Banking and Finance
 
Web Services Migration / Reengineering Services
Maintenance Services
Legacy Modernization Services
Business Integration
Business Intelligence
Portal / eChannel Integration
 
Application Development and Maintenance
Reference Data Integration
Single Customer Window
 
Telecom
 
Strategy Consulting
System Integration
Application Development and Maintenance
Packaged Applications
Infrastructure and Testing
Operations
 
Healthcare
 
Hospital Information System
Clinical Information System
Laboratory Information System
Retail Pharmacy Solution
 
Government
 
E-Governance Advisory Services
E-tendering
Departmental Applications
Infrastructure Services & Solutions

Enterprise
 
Energy
Utilities
Manufacturing
Retail

Address

Wipro Ltd.
Doddakannelli
Sarjapur Road
Bangalore – 560 035
India
Tel: +91-80-2844-0011
Fax: +91-80-2844-0256

Tata Consultancy Services

 

Tata Consultancy Services, the key player in the IT services and business solutions area has attained for themselves a quality that none can match. Their services are mainly consulting based, with an integrated IT and ITes portfolio. They have a unique Global Network Delivery Model – which is supposed to be the yardstick of superiority in software development.

Tata Consultancy Services is a part of the Tata group (the largest industrial conglomerate of India). They are spread across 42 countries with more than 130,000 IT consultants. They had registered consolidated revenue of USD 5.7 billion for the FY 2007-08. With its excellence in service, TCS has been listed on the National Stock Exchange and Bombay Stock Exchange in India.

Services and Solutions

TCS has always helped the clients optimize the business processes to get maximum efficiency. TCS offers the following solutions:
IT services
IT infrastructure services
Enterprise solutions
Consulting
Business process outsourcing
Business intelligence and performance management
Engineering and industrial services
IT and business solutions for SMEs

Industry verticals

The competition in the Indian IT industry is fierce. But TCS has been able to direct their goals in a manner that their business targets are achieved. Some industries that TCS serves are:
Banking and financial services
Insurance
Telecom
Media and information services
Government
Healthcare and life sciences
Energy and utilities
Retail and FMCG
Travel, transport and hospitality
Manufacturing
High-tech and professional services

Subsidiaries

Direct subsidiaries:
AP Online (India)
C-Edge Technologies (India)
CMC (India)
Diligenta (UK)
Exegenix Canada Inc (Canada)
Tata America International Corporation (USA)
Tata Consultancy Services Asia Pacific Pte (Singapore)
Tata Consultancy Services Belgium SA (Belgium)
Tata Consultancy Services Deutscheland GmbH (Germany)
Tata Consultancy Services France SA (France)
Tata Consultancy Services Netherlands BV (Netherlands)
Tata Consultancy Services Sverige AB (Sweden)
Tata Consultancy Services Switzerland Ltd (Switzerland)
Tata Infotech (Singapore) Pte (Singapore)
Tata Infotech Deutscheland GmbH (Germany)
TCS FNS Pty (Australia)
TCS Iberoamerica SA (Uruguay)
WTI Advanced Technology (India)

Indirect subsidiaries:

CMC Americas Inc (USA)
Swedish Indian IT Resources AB (Sweden)
Tata Information Technology (Shanghai) (China)
Tata Consultancy Services Solution Center SA (Uruguay)
TCS Argentina SA (Argentina)
TCS Brazil S/C (Brazil)
Tata Consultancy Services de Mexico SA De CV (Mexico)
TCS Inversiones Chile (Chile)
Tata Consultancy Services de Espana SA (Spain)
Tata Consultancy Services Do Brasil SA (Brazil)
Tata Consultancy Services Chile SA (Chile)
TCS Italia SRL (Italy)
Tata Consultancy Services Japan (Japan)
Tata Consultancy Services Malaysia SDN BHD (Malaysia)
Tata Consultancy Services Luxembourg SA Capellen (GD de Luxembourg)
Tata Consultancy Services Portugal Unipesoal (Portugal)
Tata Consultancy Services Chile (Chile)
Comicrom SA (Chile)
Sisteco SA (Chile)
Syscrom SA (Chile)
Pentacrom SA (Chile)
Pentacrom Servicios SA (Chile)
Custodia De Documentos Intres (Chile)
Financial Network Services (Holdings) Pty (Australia)
Financial Network Services Pty (Australia)
Financial Network Services (Facilities Management) Pty (Australia)
Financial Network Services (Europe) plc (UK)
Financial Network Services Malaysia Sdn Bhd (Malaysia)
TCS Financial Network Services (Indonesia)
Chong Wan Investments (Hong Kong)
Financial Network Services (Africa) Pty (South Africa)
Financial Network Services Chile (Chile)
Financial Network Services (HK) (Hong Kong)


Financial highlights (for quarter ended September 30, 2009)

Q2 revenues stood at Rs 7,435 crore; up 6.9% Y-o-Y
Q2 Net Profit touched Rs 1,642 crore; up 29.2% Y-o-Y
Q2 saw 30 new clients being added
Around 5,530 employees joined TCS in Q2
Attrition was observed at 11.4% LTM (including BPO)
The quarterly dividend was Rs 2 per share
EPS was at Rs 8.38 in Q2


Contact details


TCS House
Raveline Street
21 DS Marg
Fort, Mumbai 400 001
Phone: +91 (22) 6778 9999
Fax: +91 (22) 6778 9000
Email: corporate.office@tcs.com
Website: www.tcs.com 

Airtel Company Profile

AIRTEL OWNER SUNIL BHARTI MITTAL

Name
Bharti Airtel Limited.

business description

Provides GSM mobile services in all the 22 telecom circles in India, Srilanka, Bangladesh and now in 16 countries of Africa.
Provides telemedia services (fixed line and broadband services through DSL) in 87 cities in India.
Provides an integrated suite of Enterprise solutions, in addition to providing long distance connectivity both Nationally and Internationally.
We also offer DTH and IPTV Services

established

July 07, 1995, as a Public Limited Company

ISIN

INE397D01024

proportionate revenue

Rs. 162,654 million (ended March 31, 2011-Audited)
Rs. 107,491 million ( ended March 31, 2010-Audited)
As per IFRS Accounts

proportionate EBITDA

Rs. 54,496 million ( ended March 31, 2011 - Audited)
Rs. 40,829 million ( ended March 31, 2010 - Audited)
As per IFRS Accounts

shares in issue

3,797,530,096 as at March 31, 2011

listings

Bombay Stock Exchange Limited (BSE)
National Stock Exchange of India Limited (NSE)

stock exchange symbol

NSE – BHARTIARTL
BSE – 532454

market capitalisation


customer base

India & South Asia: 167,713,000 GSM mobile, 3,296,000 Telemedia customers and 5,663,000 Digital TV Services
(status as on March 31, 2011)
Africa: 44,206,000 GSM mobile customers.
(status as on March 31, 2011)


registered office

Bharti Airtel Limited
(A Bharti Enterprise)
Bharti Crescent, 1 Nelson Mandela Road,
Vasant Kunj, Phase II,
New Delhi - 110 070.
Tel. No.: +91 11 4666 6100
Fax No.: +91 11 4666 6411
 

Hyundai's new verna-cular

 

The premium midsize segment (Rs 6.5-10 lakh) has always been a tricky one for all car manufacturers. City was the first to crack it, though Honda’s flagship model has been facing some speed bumps of late, prompting last month’s decision to cut prices by as much as Rs 66,000.

The previous Hyundai Verna, showcased in India four years ago and positioned as a natural progression from the hugely successful Accent, also didn’t exactly set the midsize car sales charts afire.
Enter the new Verna Fluidic, which was launched in the middle of last month. the latest Verna, which looks nothing like its predecessor, was responsible for shoring up Hyundai’s fortunes in May in a market that saw almost all car majors posting a steep decline in sales.

According to data provided by SIAM, 4,357 Vernas were sold by the end of May, which was a terrific figure in the context of the sub-2000 reported by other midsize car makers. The only other model, which has been a reasonable success, is Volkswagen Vento at 3,000 units a month.

Can the new Verna continue its initial dream run? Skeptics rightly point out that one swallow doesn’t make a summer and it would be wrong to jump to any conclusion based on sales in the inaugural month where buyer curiosity plays a big role. Maruti’s SX4 and General Motor’s Aveo, for example, also started with a huge promise (though their initial sales figures were nothing compared to the new Verna’s), but failed to live up to the hype.

Hyundai admits the scale of the initial exuberance took even the company management by surprise. Arvind Saxena, director, marketing and sales, Hyundai Motor India, says, “We had very high expectations from the new Verna although we didn’t foresee such high number of bookings in the first month”. Hyundai has already received 20,000 bookings for the car and is looking at ramping up production to cut the waiting period. The company had set a target of selling 45,000 units of the new Verna within a year of its launch. This means nearly half of that has been achieved in just one and a half months.

The management is thus confident that the Verna will be able to sell nearly twice the old variant last year. That means an average 4,000 units per month, which is more or less the same as Honda City’s average monthly sales.

Priced in the range of Rs 6.99 lakh - Rs 10.7 lakh, the new Verna is cheaper than Honda City whose entry model costs Rs 7.49 lakh even after the latest price cut. This clever pricing is a key reason for Hyundai’s confidence, the other being the “fluidic design” with its sculpted waistline and swoopy headlamps and tail lamps. Besides, Hyundai has indeed pulled out all the stops for the car and has launched the new Verna with no less than 10 options, including a pair of 1.4 and 1.6 engines (both petrol and diesel).

The diesel option could be a winner in a segment that is now 150,000-unit strong growing at 20-25 per cent and is awaiting the launch of several more models from Skoda, Ford Fiesta, Nissan and General Motors. Other models presently fighting for share in this segment are Mitsubishi Lancer Cedia, Volkswagen Vento, Tata Manza, Fiat Linea and Chevrolet Optra Magnum.

While preferences such as comfort usually top the charts for compact car buyers, a growing number is increasingly becoming conscious about the running cost. The earlier deterring factors such as higher maintenance costs and unclean emissions have been removed through better technology.

That is where the diesel option plays a critical role, which the new Verna provides and the Honda City doesn’t. Maruti SX4 had set the tone recently by coming up with a diesel engine. But City can’t break into this space as Honda Siel does not have a diesel engine in its portfolio.

“At this point 78-odd per cent is diesel for the Verna. While petrol is widely accepted, diesel is increasingly becoming the preferred choice in the market because of obvious reasons. We eventually expect the ratio to settle at 70:30 in favour of diesel when the market steadies a bit”, Hyundai’s Saxena adds.

Honda admits the disadvantage. Jnaneswar Sen, senior VP sales and marketing, Honda Siel, says due to the high diesel subsidy, there is as shift in the demand pattern. “It’s true that we are not able to cater to that segment due to the absence of a diesel engine in our portfolio".

But how does the new Verna compare with Volkwagen’s Vento which also has a diesel option? According to BS Motoring, the Verna’s new-generation engine is far quieter and smoother than the Vento’s gravelly motor that gets boomy past 3,000 rpm. Besides, the Verna is more efficient, delivering 16.1 kpl overall to the Vento’s 15.3 kpl.

The Verna’s trump card of course is its price-to-performance-to-features ratio. That is exactly what most buyers in the premium C-segment tend to look at, and the Verna has more bases covered here. At Rs 10.53 lakh, the loaded SX (O) costs nearly a lakh more than the Vento TDI Highline at Rs 9.49 lakh. But there’s also the Verna SX without the extra airbags and some other features, at Rs 9.8 lakh (all prices ex-showroom, Mumbai).

These are the reasons why Saxena expects the new Verna to increase Hyundai’s share in the premium mid-size segment to 25 per cent from about 18 per cent now.

Nano in Nepal: 352 cars booked within 10 days of launch

 

Three hundred fifty two Tata Nano cars have been booked within ten days of its launch here.

Nepal is the only market abroad after Sri Lanka where Nano is being sold.

Nano standard which cost NRs 7.98 lakh or Rs 5 lakh in Indian currency, is the cheapest car so far offered to Nepalese customers.

However, only 45 percent of the customers here favoured Tata Nano standard while 55 percent favoured

Tata LX (higher cost with more facilities) and Nano CX (moderately high cost) cars, according to Sipradi Trading Pvt Ltd, the authorised distributor of Tata Nano in Nepal.

Besides, 35 percent customers booked the high priced Tata LX while 20 percent booked moderately priced Tata CX.

Sipradi Trading offered Tata Nano at the introductory pricde of Rs 7.98 lakh for the first ten days since its booking started on June 26. Those wishing to book the car need to deposit Rs 10,000 and pay Rs 11,111 in monthly installments for the cheapest car.

Some 8,000 queries have been made within two weeks by the customers, according to the Sipradi.

The cars will be made available by the end of July to those who have booked the vehicles, according to Sipradi.

Sundaram BNP Paribas Home finance Rs 1800cr

Sundaram BNP Paribas Home Finance Ltd is eyeing Rs 1,800 crore business this year, of which Rs 412 crore has been already clinched in the first quarter, a top company official said here today.

Sundaram Housing Finance maintained 63 per cent growth rate year-on-year. Last year, the company disbursed Rs 1,210 crore as against Rs 743 crore the previous year (year ended March 31, 2010).

In Q1, aggregate business of Rs 412 crore is monumental as it was just Rs 250 crore in Q1 last year," Srinivas Acharya, MD, Sundaram BNP Paribas Home Finance told PTI.

S Rajagopalan, General Manager and Head (Operations), said the company is looking for major expansion this year. "Before this fiscal end,we will have presence in 75 locations as against 60 now. With the exception of Kolkata which was unveiled recently, all branches are located only in South."

Currently there are 40 branches and 20 spokes in four Southern states and Puducherry. This year plans are on to open branches in Nashik , Bhopal and Bhubhaneswar . Besides, 11 new branches are on the anvil, including in locations like Theni and Perambulur in Tamil Nadu, Nizamabad in Andhra Pradesh and a second branch in Kochi.

Acharya said the recovery portfolio was very comfortable and net NPA was "an industry best in class" at 0.09 per cent. The company was maintaining consistent 10 per cent growth on its deposit base. Last fiscal total deposits had gone up to Rs 516 crore, comprising about 22 per cent of total borrowings.

Sundaram Finance (50.1 per cent) and BNP Paribas (49.9 per cent) are the two stakeholders in the company.

Rajagopalan said book size is currently Rs 3,200 crore and is expected to increase to Rs 4,000 crore before this fiscal-end.

Of the total business, Tamil Nadu contributed 50 per cent, followed by Andhra Pradesh with 25, Kerala with 14 per cent and Karnataka 11 per cent.

"This mix may get changed with penetration into Maharashtra, Orissa and West Bengal. Into the next fiscal, the company expects to penetrate other towns in Orissa and Maharashtra," Acharya said.