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Aurionpro Solutions Ltd.

BSE: 532668 Sector: IT
NSE: AURIONPRO ISIN Code: INE132H01018
BSE 13:47 | 20 Apr 182.20 0.45
(0.25%)
OPEN

182.00

HIGH

186.25

LOW

179.60

NSE 13:39 | 20 Apr 181.40 0.65
(0.36%)
OPEN

182.00

HIGH

186.85

LOW

180.00

OPEN 182.00
PREVIOUS CLOSE 181.75
VOLUME 20781
52-Week high 195.00
52-Week low 37.60
P/E 30.32
Mkt Cap.(Rs cr) 415
Buy Price 181.30
Buy Qty 11.00
Sell Price 182.30
Sell Qty 1.00
OPEN 182.00
CLOSE 181.75
VOLUME 20781
52-Week high 195.00
52-Week low 37.60
P/E 30.32
Mkt Cap.(Rs cr) 415
Buy Price 181.30
Buy Qty 11.00
Sell Price 182.30
Sell Qty 1.00

Aurionpro Solutions Ltd. (AURIONPRO) - Company History

Aurionpro Solutions Ltd is a leading provider of IP led IT solutions for the BFSI segment. The company provides solutions to corporate banking treasury fraud prevention and risk management Internet banking governance and compliance. They provide a balanced portfolio of Product Suites Domain Focused Implementation Services and Outsourced Product Development. The company is headquartered in Mumbai. Their clients include more than 100 banks across the globe.The company's dealPro is a Web-based online trading and distribution application built on an open technology platform. dealPro primarily caters to banks non-banking financial companies mutual funds insurance companies corporate treasuries and other financial institutions. Their payments solution enables financial institutions to streamline and accelerate payments across a range of networks and channels including automated clearing house Check 21 card processing/associations and mobile payments. Cash management provides products and services such as iCashPro collectPro divPro PDCPro mandatePro and currency chest management system to fit the needs of corporate clients. Financial supply chain management provides end-to-end management of the entire working capital management systemAurionpro Solutions Ltd was incorporated on October 31 1997 as a private limited company with the name Value Added Information Distribution Services Pvt Ltd. The company launched their first product for BFSI sector. In the year 1998 they developed offshore delivery model with development projects from Singapore and USA. In the year 1999 they executed their first order in banking. In the year 2000 the company laid foundation for CashPro with development of payment system for an large Indian bank. In the year 2001 they launched DivPro dividend warrant processing system. In April 30 2001 the name of the company was changed to VAIDS Technologies Pvt Ltd as 'VAIDS' is the acronym of 'Value Added Information Distribution Services'. In the year 2002 the company entered strategic partnership with Cyberlog Technologies Singapore IT partner for BDP Asia Pacific. Also they acquired additional key banking Clients in India. In the year 2003 the company entered strategic partnership with Aurionpro Services Pvt Ltd. They acquired Aurionpro Solutions Pte Ltd and extended their presence to Singapore. Also they entered marketing and sales partnerships in Asia. In September 18 2003 the name of the company was changed to Aurionpro Solutions Pvt Ltd in order to reflect Domain-based Solutions. In the year 2004 the company launched CashPro an integrated cash management product and BoursePro a treasury simulator product. They acquired Treasury product CSGL. They expanded their operations in USA by acquiring Agile Solutions LLC USA along with their clients. Also they acquired initial BFSI clients in Middle East and South East Asia. In the year 2005 the company received significant order from one of the largest banks in Asia Pacific. Also they acquired five new clients from UK and USA. In March 9 2005 the company was converted into public limited company and the name was changed to Aurionpro Solutions Ltd.During the year 2007-08 the company launched three new products year namely dealPro E2E order Routing/ Management Server and NostoRecon. They acquired two companies along with their subsidiaries namely E2E Infotech Ltd UK E2E Infotech Pvt Ltd Integro Technologies Pte Ltd Singapore and Integro Technologies SDN BHD Malaysia. They set up a branch office at Manila Philippines and representative offices at Bangkok Thailand and Jakarta Indonesia.During the year the company incorporated Aurionpro Solutions (Hong Kong) Ltd Hong Kong to expand their core business. They ventured into the business of NBFC and Insurance by incorporating wholly owned subsidiary namely Aurofidel Outsourcing Pvt Ltd. Also for the acquisition of SENA Systems Inc USA the company incorporated two subsidiaries in the USA namely Aurionpro I Acquisition Corporation and Aurionpro II Acquisition Corporation. Also Aurionpro Services Pvt Ltd was amalgamated with the company.During the year 2008-09 the company entered into a joint venture with IP Commerce to build payment enabled applications tailored to the needs of small and medium businesses in the US. Also two subsidiaries namely Coban Corporation USA and SPS Corporation USA got merged into Aurionpro Solutions Inc USA with effect from April 1 2009.During the year 2009-10 the company expanded their product range into the supply chain space by entering into an agreement with Arshiya International's technology subsidiary to acquire marketing rights along with all existing customers and hosting infrastructure of Cyberlog technologies in an all cash deal. The company through their wholly owned subsidiary E2E Infotech Ltd entered into a global partner agreement with Cameron Tec the financial industry's leading provider of FIX infrastructure and connectivity solutions.During the year the company incorporated two new subsidiaries namely Aurionpro Solutions PTY Ltd Australia and Aurionpro SCM Pte Ltd Singapore. Silicon Tech Corporation USA was amalgamated with Aurionpro Solutions Inc USA with effect from April 1 2010. Also SENA Systems Inc USA entered into an agreement with AurionPro Solutions Inc USA whereby the entire business and undertaking thereof was merged with AurionPro Solutions Inc with effect from July 1 2010. The company plans to merge their wholly owned subsidiaries namely E2E Infotech (India) Pvt Ltd India and SENA Systems Pvt Ltd India with the company.The company intends to leverage their relationships with banking organizations such as state and national banking associations and correspondent institutions such as bankers' bank and the correspondent area of Tier and II financial institutions. They propose to strengthen their treasury operations. They also propose to introduce products and services catering to equity and capital markets segment which would enable them to cover a larger spectrum of applications in the BFSI industry.

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