Fortune Informatics is now Intense Technologies

Eyes Rs 100cr revenues in 3 years

Hyderabad-based Fortune Informatics Limited, which has been rechristened as Intense Technologies Limited, is drawing up a road map to garner more than 10-fold increase in its revenues to Rs 100 crore in three years by leveraging on its suite of world-class products.

The company is an imaging, workflow, document and output management solutions provider.

Briefing mediapersons here on Thursday, CK Shastri, managing director of Fortune Informatics, said, "Our flagship product ReportSuite, a bill-formatting, reporting and customer contact management solution, has become the market leader in its space with a 70 per cent share in the domestic telecom market. We are now aiming at replicating this success globally through our partners including Xerox, Canon, HP and NRG. Besides, we are looking at adding new partners to address the 1,200-odd telecom operators worldwide. Plans to target other verticals like banking, insurance and healthcare for ReportSuite too are on the agenda."

Stating that the Right to Information Act would significantly drive the company's document management system (DMS) business in the days to come, which currently has a potential of $44 billion globally, he said that its another product 'eTaxFile', a comprehensive e-TDS solution, was expected to be the key growth driver of the company when e-filing would become mandatory in the country by 2008.

Gearing up to cash in on the mandate e-filing, Fortune Informatics has come out with eTaxFilePro, a certified programme, which will enable certified professionals to effectively install, maintain, troubleshoot and update eTaxFile in offices across the country.

"We have already tied up with eight institutions in Kolkata for the eTaxFilePro certified programme, and our idea is to enter into similar tie ups with at least 800 institutions across the country in the next one year. Talks with a few institutions are already on," Shastri said.

The University of Karnataka and the Dharwad University have already included the eTaxFilePro programme in their curriculum.

The company recorded revenues of Rs 5.84 crore in the last financial year, and expects to touch Rs 15 crore in the current fiscal.