Powersoft Global Solutions Ltd Stock Analysis

Powersoft Global Solutions Limited (PGSL) was originally incorporated on November 4, 1992 as Bhandari Food Flavours Limited under Companies Act 1956 at Bangalore and the name of the company was changed to Powersoft Global Solutions Limited (PGSL) with effect from March 13, 2000. The company came with a public issue in 2006.

Powersoft Global is a leading Business Technology Software, GIS and Engineering Solutions provider aiming to develop technology to address customized requirements of global corporations. Headquartered in the US, Powersoft Global has its development centers both in the US as well as India.

Bhandari Food Flavours Limited was promoted by Mr.G.Ashok Bhandari with the object of setting up of a project for the manufacture of food products including coconut based food products and mineral water. To part finance the cost of the project, the company had come out with a public issue in the year 1996. However, the company did not receive amount due on calls on the shares issued and thereby the project could not be fully funded and hence the same was not implemented. The shares of the company are listed on the Stock Exchanges at Bangalore, Madras and Ahmedabad.

Subsequently the main objects of the company were changed through a special resolution, altering the provisions of its memorandum of association with respect to its objects at an Extra-ordinary General Meeting held on 29/6/1998. The Registrar of Companies has given effect to the alteration of the objects, with the main object being inter-alia to carry out software development business.

Consequent to the changes in the object clause of the company, the company was taken over by the present promoter Rajkumar Gulecha by acquiring shares from the original promoters. The necessary formalities relating to the SEBI (SAST) Guidelines were complied with. Rajkumar Gulecha was co-opted as director of the company on March 15, 2000. The company is having a refined approach towards complex issues of software outsourcing and offshore software development that enables them to deliver high quality and cost-effective solutions to their customers.  Their Global engagement model (OptiShore) ensures the best-fit for their client problems. They connect with their customer's business goals and challenges and provide the software, services, and ideas that allow them to get on with their business.  Their efficient, professional and results-driven approach to every opportunity enables them to maintain very high levels of client satisfaction.  As a complete end-to-end technology solutions company, they place great importance on understanding their client's businesses and core concerns. Because they know that successful relationships are built on understanding and trust, over a long period of time.

The company has four business units catering to different services, viz

• Software Services:  It adopts global delivery models in providing value-based solutions and professional services to customers worldwide.
• GIS Solutions :  It can help to harness the power of GIS technology to accomplish state of the art organization of resources. 
• Engineering Solutions : From conceptualization to CAE, PLM they assist customized design needs. 
• RFID : Single window solution for all customer's RFID needs.

Services offered by the company:

Software Services

• Oracle
• Java / J2EE
• SimplyFive
• BI & DW
• Content Management

GIS

• GIS requirements analysis and needs assessment
• Database design consultation, development and implementation
• GIS application design, development and implementation using open source GIS Software
• Digital cartographic production and publishing

Engineering Services

• Product Design
• Industrial Design
• Tool Design
• Tool Manufacturing
• Engineering Design
• CAD
• CAM
• CAE
• CAD Customisation & Automation
• Multimedia & VRML Applications