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Datasoft Applications Software (India) Ltd.

BSE: 526443 Sector: IT
NSE: N.A. ISIN Code: INE072B01019
BSE LIVE 15:14 | 29 Nov 1.24 -0.06
(-4.62%)
OPEN

1.24

HIGH

1.24

LOW

1.24

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.24
PREVIOUS CLOSE 1.30
VOLUME 1863
52-Week high 1.48
52-Week low 1.24
P/E 4.13
Mkt Cap.(Rs cr) 0.39
Buy Price 1.36
Buy Qty 2000.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.24
CLOSE 1.30
VOLUME 1863
52-Week high 1.48
52-Week low 1.24
P/E 4.13
Mkt Cap.(Rs cr) 0.39
Buy Price 1.36
Buy Qty 2000.00
Sell Price 0.00
Sell Qty 0.00

Datasoft Applications Software (India) Ltd. (DATASOFTAPPLICA) - Chairman Speech

Company chairman speech

DATASOFT APPLICATION SOFTWARE (INDIA) LIMITED. ANNUAL REPORT 1999-2000 CHAIRMAN'S REPORT Chairman's strategic overview, The year 1999-2000 represents awatershed in the history of our company. DASIL Will never be the same again. We have taken initiatives to bridge the distance between the training provider (itself) and the users, Our initiatives will help in bringing training to the users. The initiatives taken during the year promise to transform our small company into a growth-led organisation. The one initiative with far reaching consequences was the issue of shares to angel investors. The resulting inflow of Rs. 32.40 cr. is now expected to help DASIT pack its innovation with financial solidity. We expect that the combination is expected to unleash the latent potential within the company aggressively over the coming months. This is our rationale for optimism. Even though the growth of the IT training market in India has led to the mushrooming of the training institutes in the country, they collectively address only 15 per cent of the existing market. There is a reason for this under-penetration of IT training : the duration, content, cyberphobia and inconvenience. Better explained, most Indians do not want to visit an IT institute since it is not always conveniently near besides, inevitably the course content and duration do not address user needs. To reverse this phenomenon and accelerate the penetration of IT training within the country, your company has taken initiatives to bridge the distance between the training provider (itself) and the users. Our initiatives will help in bringing training to the users. Besides, we have made the delivery user-friendly : our courses cover the short-term and career oriented, are informative and tailor-made to the specific requirements of users. Besides, the mobile academy, being introduced for the first time in India, is likely to be geographically dispersed with business affiliates having been appointed not only in Mumbai, but also in the remote areas of Andhra, Tamil Nadu, Indonesia and the UAE. The company also sees a big opportunity in developing physical support and the delivery systems to support a virtual environment and that is physical requirement, not virtual. DASIL is setting up a global network to provide logistics solutions by setting up four office, at Dubai, Singapore, UK and USA by June 2001. The company expects to increase its presence to 12 countries by 2002 and to 20 by 2003. The goal : selling anything anywhere, anytime. Among the other growth initiatives, the company has launched a 10 module integrated business solution. This package addresses user concerns of inflexibility, the need for BPR as well as financial constraints in one comprehensive solution. The DASIL integrated business solution provides tailor-made and customised solutions. The other advantages : the time taken to Implement is shorter, the integrated business solution addresses various financial bud of users, and provides room for scaling up the implementation from one module to many. We expect that these changes will restructure the business of your company for good. In more senses than one. H.J. Shah Chairman

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