Nexxoft Infotel Ltd - Stock Valuation and Financial Performance

Nexxoft is a premier manufacturing solutions company focused on enabling materials handling efficiency, supplier and customer collaboration, and increased demand planning accuracy. Today, manufacturers around the world face global competition and need to update their businesses to compete effectively. Accordingly, Nexxoft solutions are targeted to serve this important need. Nexxoft’s mission is to help manufacturers excel in their business by providing them with state-of-the-art enterprise software solutions, which drastically improve their business performance, while at the same time bringing them closer to their customers and suppliers.

Nexxoft, started in 1991, as a manufacturer of industrial valve systems. In 2000, the company changed its mission to developing advanced software systems for the Indian and US markets. Today, it capitalizes on its manufacturing heritage, to provide advanced manufacturing technology solutions for its clients. Recent years have seen a very significant shift in the manufacturing base from their traditional first world locations in US, Europe, and Japan, to eastern regions, such as China, India, Taiwan, Korea and South-east Asia. This is largely happening because companies can capitalize on the labor savings that can be realized in these countries.

The manufacturing sector in these eastern countries in turn is trying to cope with this massive shift in manufacturing volumes, and the increasingly complex requirements of their worldwide customers. In addition, the financial and logistical reasons for customers to continue to stick with a particular manufacturer are rapidly disappearing due to advances in technology and communications. Competition among manufacturers is becoming fierce forcing them to provide the highest possible cost advantage, quality, responsiveness, and dependability to their customers. In other words, they have to upgrade their processes and practices to be globally competitive. This is where Nexxoft comes in.

In the year 2007, Nexxoft Infotel, set up base in Mumbai by acquiring 100% of the business of Mumbai based software company eZeesoft.  eZeesoft, deals in software consultancy, software manufacturing, designing and  development, customized and off-the-shelf ERP, CRM, SCM, B2B and B2C solutions. Through this acquisition, the company will not only take over the entire existing business of eZeesoft but will also absorb the current staff strength of 25 besides operating out of the premises of eZeesoft.

Divisions:

• Remote server & application management • 3D Interactive training & simulations • ERP/ SCM/ CRM solutions • RFID & Data Retrieval Solutions

Clients:

• RCS • Cambridge•  HP Invent• Valuemart • Wipro • Perot Systems • Sapient • General Motors • Bharat Electronics Limited • Tata Interactive Services • Satyam/Tech Mahindra • Caster Racing Taiwan • NOKs technologies Israel • MVP Online • Kuju Entertainment UK • IRCA Global • US Air Force training schools • Jivanta Technologies