The 5-year analysis of Firstobject Technologies Ltd's performance infers:
We analysed the performance of Firstobject Technologies Ltd share prices over the last 10 years. Here is what we found out:
FirstObject Technologies (FTL) was incorporated as IQMS Software Limited on March 3, 2000 as a public limited company, under the provisions of the companies Act, 1956. The company obtained certificate for Commencement of Business on 13th March, 2000.
The company is a provider of integrated business, technology and process solutions on a global delivery platform.
In the year 2000, the company went for and Initial Public Offering (IPO). FTL is today listed on the Bombay Stock Exchange
In the year 2000, the company went for and Initial Public Offering (IPO). FTL is today listed on the Bombay Stock Exchange (BSE) Mumbai enjoys B Group Listing on BSE.
FirstObject as a management consulting, technology services and outsourcing company, combines unparalleled experience, comprehensive capabilities across all industries as well as business functions, and extensive research on the world's most successful companies. It collaborates with clients to help them become high-performance businesses.
India, Middle East and USA IT business units of FirstObject are one of the fastest growing companies. The business units offer a 360 degree service portfolio spanning the entire IT life cycle. This includes Consulting, Business Solutions, System Integration, Infrastructure, Application Management and Total Outsourcing services where we service all IT needs of a customer, end-to-end.
During the period between 2001 and 2003, the company was into development and implementation of software under the Enterprise Resource Planning (also know as ERP) and in the course had taken up ERP consulting and development of proprietary application software for the implementation of ERP. Though the business of ERP kick started well, but due to the recession in USA during 2001 and 2003, the consulting business of the company got affected. Subsequent to which the product development business also got affected.
From 2003 to 2007, the company went into the stage of cash flow crisis and on course non maintenance of staff and developers and all the projects remained unattended and unfinished. The promoters and directors could not find any good scheme to revamp the organization and bring back the company from the situation that it was in between 2003 and 2007.
The company in the financial year 2007-08, with the help of strategic investors and restructuring advisors, with the induction of fresh equity through preferential issuance has been brought back into stream of the business. FTL has piloted the projects successfully and able to get some good clients and the company has turned around for the first time during 2007-08.
The company added many reputed and established personalities on to its board under whose direction and guidance the company has achieved its Turn Around in 2007-08.
The company also added its consolidated strength through its subsidiary by name Tractel Solutions Inc, USA and entered into various strategic alliances with leading companies in the world for business verticals and added to its forte the worldâ€™s leading clients through its KPO division.
FirstObject as a part of its business restructuring and strengthening process has entered into a strategic alliance with Object Xperts Inc, USA.
FirstObject Technologies has minority stake in Octant Interactive Technologies Limited. Whose, interactive technology based emergency medical care IPRâ€™s are awaiting the commercial launch on a grand scale and the company is poised for bidding High Value Contracts for these specialized services.
FirstObject offers deep industry expertise for: