2011/02/03

Saksoft (SAKSOFT) was established in the year 2000. Autar Krishna is the founder promoter of Saksoft. Saksoft delivers software applications to customers in the banking and financial services sectors. The company develops applications in the areas of retail, corporate, and investment banking. In addition, Saksoft provides business application testing and automated testing services, as well as resource augmentation services, including onsite and offsite services.

The company has been assessed at CMMI Level 5 indicating a commitment to excellence in quality in every aspect - from addressing customer needs, ensuring predictable delivery, minimizing error rate, to providing defect-free software.

Saksoft is based in Chennai, India with additional offices in the United States, the United Kingdom, Germany, and Singapore. Aditya Krishna is its managing director of the company at present.

Financials
The company reported rise of 371.95% in standalone net profit on y-o-y basis to Rs 8.22 million, while total income increased 11.12% y-o-y basis to Rs 115.31 million for the quarter ended December 2010.
Traded @ BSE/NSE (590051)

Target : 90+