Tera Software, an e-governance solutions company, to fund its expansion plan is eyeing to raise up to Rs 200 crore by January. The company has not yet decided the route through which it will raise the money. However, the company is in talks with couple of advisers on this issue. The company is also mulling options such as qualified institutional placement of shares, private equity funding, and foreign currency convertible bonds for raising the funds.
Further, the company which is engaged with the national prestigious projects of Unique Identification Authority of India (UIDAI) and NPR Projects, needs capital of around Rs 60 crore to service the current order book. It also has to buy more systems and other equipment for ‘Aadhaar’ project.
Recently, the company had completed 1 crore enrollments and now stands as the third largest in the league with a contribution of 7.06% in the AADHAAR generation. The company had commenced the UIDAI enrollments in the states of Andhra Pradesh, West Bengal, Karnataka, Maharashtra, Delhi, Goa and Kerala.
Tera Software provides complete solutions from proof of concept to wide area replication in many e-governance verticals like education, registration, utilities, transportation, health, distribution, administration, co-operatives and agri-marketing; total turnkey system integration and networking solutions for banks, PSUs, defense, and research organizations.
Company Name | CMP |
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TCS | 3822.60 |
Infosys | 1421.10 |
HCL Tech. | 1367.55 |
Wipro | 462.30 |
Tech Mahindra | 1261.95 |
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