Onward Technologies Limited - Company Capsule by ICDResearch

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									Onward Technologies Limited

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Onward Technologies Limited - Company
Capsule

Reference Code: BR0674CC
Published Date: April 2011




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Onward Technologies Limited - Company Capsule                                       Page 1
Onward Technologies Limited

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Onward Technologies Limited - Company Overview

Onward Technologies Limited (OTL) is an India based company offers engineering design services, IT services and IT
driven banking products & financial services. The service portfolio of the company includes product design, engineering
analysis, engineering documentation and maintenance, manufacturing solutions, training, application development and
maintenance, software product development, software testing, identity management solutions, infrastructure
management, professional consulting and Branch Bricks. The industries served by the company are Automotive, Off
highway, Aerospace, Industrial Equipments & Consumer Goods, and Building Structures and Construction. The company
operates its business through two reportable segments, namely, Professional Services & Consultancy, and Software
Products – Resale. The company operates in India, the US, the UK and Germany. OTL is headquartered in Mumbai,
India.


Financial Performance

The company reported revenue of INR 855.1 million during the fiscal year ended 2010. The company's revenue grew at a
CAGR of 3.61% during the period 2008-2010 with an annual decline of 9.46% over fiscal year 2009. During the fiscal year
2010, its operating margin was -4.9% as against the operating margin of -10.15% in fiscal year 2009. During the fiscal
year 2010, the company registered a net margin of -3.22% as against the net margin of -13.73% in the fiscal year 2009.




Onward Technologies Limited - Key Facts

Onward Technologies Limited, Key Facts

                                  Sterling Centre, 2nd floor,
                                                                    Ticker Symbol, Stock          517536 (Bombay Stock
Corporate Address:                Mumbai, , 400 018, India                                        Exchange)
                                                                    Exchange



Telephone                          + 91 22 29426570                 No. of Employees              N/A



Fax                                + 91 22 24926549                 Financial Year End            March



URL                               www.onwardgroup.com               Revenue (in INR Million)      855.10


                                  Technology and
Industry                          Communications
                                                                    Revenue (in USD Million)      17.25



Locations                         India, Germany, United Kingdom, United Arab Emirates, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Onward Technologies Limited - Company Capsule                                                                            Page 2
Onward Technologies Limited

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Onward Technologies Limited - Major Products and Services

Onward Technologies Ltd offers engineering design services, IT services and IT driven banking products and financial
services. Key products and services offered by the company include the following:

Onward Technologies Limited, Major Products and Services
Products:

SERVE Brick

SYNC Brick

XIM Brick

Services:

Engineering Design Services:

Product Design

Engineering Analysis

Engineering Documentation & Maintenance

Manufacturing Solutions

Training

IT Services:

Application Development & Maintenance

Software Product Development

Software Testing

Identity Management Solutions

Infrastructure Management

Professional Consulting

Banking Products & Financial Services:

Bank Bricks - Core Banking

Retail Branch Automation

Inter-branch Reconciliation (IBR)

Internet Banking

Mobile Banking

Information Kiosk

Tele Banking
Source: Annual Report, Company Website, Primary and Secondary Research




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Onward Technologies Limited - Company Capsule                                                                   Page 3
Onward Technologies Limited

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Onward Technologies Limited - Key Competitors

The following companies are the major competitors of Onward Technologies Limited:

Compulink Systems Limited

RCM Technologies, Inc.

AXIS-IT&T Ltd

Dassault Systemes Simulia Corp.

Engineering Documentation Systems

Accel Frontline Limited

Compucom Software Limited

Tera Software Ltd.

Trigyn Technologies Limited




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Onward Technologies Limited

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Onward Technologies Limited - Key Employees


Onward Technologies Limited, Key Employees


           Name                            Job Title                      Board Level     Since   Age


Arun P. Meghani            Director                                 Non Executive Board


Atul Wad                   Director                                 Non Executive Board


Harish S. Mehta            Managing Director, Chairman              Executive Board


                           Senior Vice President - Operations
Hitendra Kale                                                       Senior Management
                           (Americas)


Jigar Mehta                Chief Operating Officer                  Senior Management


Pradip Dubhashi            Director                                 Non Executive Board


Samir Desai                Director                                 Non Executive Board


Shaila H. Mehta            Director                                 Non Executive Board


Vijay Kanbur               Senior Vice President - Corporate HR     Senior Management

Source: Annual Report, Company Website, Primary and Secondary Research




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Onward Technologies Limited - Company Capsule                                                       Page 5
Onward Technologies Limited

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Onward Technologies Limited - Locations and Subsidiaries

Head Office

Onward Technologies Limited
Sterling Centre, 2nd floor
Mumbai
Zip: 400 018
India
Tel: + 91 22 29426570
Fax: + 91 22 24926549



Other Locations & Subsidiaries

Onward Technologies Limited, Subsidiaries


                                                                    Onward Technologies GmbH.
                                                                    Hagenauer Strasse 59
Onward eServices. Ltd.
                               
								
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