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Kale Consultants surges as Siberia Airlines selects ‘Zero Octa’ services

20 Jun 2012 Evaluate

Kale Consultants is currently trading at Rs. 119.00, up by 1.40 points or 1.19% from its previous closing of Rs. 117.60 on the BSE.

The scrip opened at Rs. 121.00 and has touched a high and low of Rs. 123.95 and Rs. 119.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 152.75 on 11-Jan-2012 and a 52 week low of Rs. 62.10 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 125.30 and Rs. 117.00 respectively. The current market cap of the company is Rs. 178.13 crore.

The promoters holding in the company stood at 72.35% while Institutions and Non-Institutions held 0.01% and 27.64% respectively.

Kale Consultants - specialist audit subsidiary - Zero Octa, has been selected by Russia’s largest domestic air carrier, Siberia Airlines to provide passenger sales audit services. Zero Octa’s sales audit is aimed at helping airlines plug revenue leakages and significantly transform their balance sheets.

Complex fare structures, inability to manage large volumes of data, and inefficient controls necessitate an effective and comprehensive passenger sales audit service. This service is carried out by Zero Octa’s expert team of IATA graduates. Such a service can help recover around 1% of an airline’s agency sales through a comprehensive and complete audit which identifies and recovers errors related to fares, taxes and commission errors, as well as other errors and abuses in the system.

Siberia Airlines, also known as S7 Airlines, is Russia’s largest domestic air carrier and is based at three large air transport hubs - Moscow (Domodedovo), Novosibirsk (Tolmachevo) and Irkutsk.

Zero Octa, the specialist audit subsidiary of Kale Consultants, is a leading provider of revenue management, protection and revenue integrity solutions for airline clients in every continent.

Kale Consultants, part of the Accelya Group, is a leading solutions provider to the global airline and travel industry. Committed to innovation and excellence, Kale delivers world-class software products, technology, managed process, hosting and consulting services.

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