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Transtream India.Com Ltd.

BSE: 532258 Sector: IT
NSE: N.A. ISIN Code: INE981A01013
BSE 05:30 | 01 Jan Transtream India.Com Ltd
NSE 05:30 | 01 Jan Transtream India.Com Ltd

Transtream India.Com Ltd. (TRANSINDIACOM) - Chairman Speech

Company chairman speech

ANNUAL REPORT 1998-2000 SHRI MM SOFTEK LIMITED Dear shareholder, Message from the Managing Director Greetings to you, from all of us at SHPI MM SOFTEK LTD, Bangalore. I consider it a privilege and pleasure to share with you the progress made by the Company till date. We can call them-the little steps towards a great future. Software Division: Marking an important Milestone in the growth of the Company was the launch of iSMART, the e-business software for global retail industry on January 19, 2000 at Bangalore. The product was developed using the latest technology and skill. It has many unique features like integration of B2B, B2C and C2C facilities, coupled with back office operations including business intelligence, multi- lingual use interface, multi-currency transactions etc. The product was at display at IT.COM NASSCOM and at INTEL sponsored symposium, wherein it was well received and as a strategic move the Company plans to come out with new versions like iSMART+ for pharmaceuticals, iSMART tex for apparel industries etc. This will not only establish the,Company as a major IT industry but will also accord a wide market reach, across diverse business industries in the future. Training Division: It is a moment of pride that the training division has completed a successful decade, largely crowned with growth and achievements. Established in the year 1990, the division has grown into 6 centres - including 3 franchise units, which Offer the latest and most competitive computer education for Students, Professionals and Corporates. Many of the students who have passed out from this institution work in reputed IT Companies in India and abroad. The decinial celebration was marked with a range of sports and cultural activities that showcased the talents of Students and Faculty Members. I am sure this division would achieve many more milestones in the years to come. 100% Export Oriented Unit: The 100% EOU at STPI - Keonics Electronics city, Bangalore commenced operations from February 22, 1999. This state of art software development centre with highly skilled software professionals, contributed approximately fifty million in rupee terms by means of software exports in the very first year of operation. Its clientele extend to the United States, Canada, Europe, Singapore, Middle East and Afro-Asian countries. Incidentally, by virtue of excellent market reach coupled with high quality work, INTEL-Asia of India has recognised the Company as an E-business Solution Provider(EBSP). Domestic Software Division: Software projects and Software products developed at the SDC (Software Development Centre) serve a host of industries, Co-operative Banks and Financial Institutions. The expertise gained herein, helped create MM BANCS, the state of art banking software. with bi-lingual user interface and it is to the credit of the Company, that this happens to be the maiden effort in Karnataka. Achievement gained in the field of multi-lingual software is in line with the growing global trend of encouraging the use of local language software for Internet, E-commerce and ERP requirements. Further, a full fledged intranet software MMNET has been built to serve the needs of different organisations like hospitals, institutions for WEB designing, hosting and related services. The Road Ahead: The challenges of the new millennium, with new technologies and skills required to exploit the existing and emerging markets in the field of global IT, are to be met in the days to come. The tie-up with a strong hold technology based Company like Transtream Inc. USA will not only bring the in valuable technology "eNETCOM" but also, the global market setup and strategies where the market potential is perceived in infinite terms. The symbiosis will strengthen the Company in the years to come. As I said earlier, the Company has taken small steps towards a great future and with continued co-operation from Members/Shareholders, Employees, Customers, Media and the General Public, the organisation will continue to scale greater heights. Thank you, With warm regards, Place : Bangalore M MAHABALA BHAT Date : May 5, 2000 Managing Director