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Omnitech Infosolutions Ltd share price today (on 17 December 2017).

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BSE: 532882 | NSE: OMNITECH | ISIN: INE810H01019 Market Cap: [Rs.Cr.] 201 | Face Value: [Rs.] 10 Industry: Computers - Software - Medium / Small

"Information Technology is a universal power, which enables and encourages every company and business to progress ahead globally. Omnitech empowers your organization to develop and evolve intelligent IT solutions that spell success. An ISO 9001:2008 certified company, Omnitech offers cutting technology and software solutions that customizes and fulfills your IT requirements. Since the company inception, we have been in the fore front for partnering with clients as their strategicThe company was incorporated on January 30, 1990 as Omnitech Business Machines Private Limited. The company name was changed to Omnitech Infosolutions Private Limited on January 9, 2001 and subsequently to Omnitech Infosolutions Limited on April 12, 2001. The company has initially being a third party service provider and computer assembling company.
The company has expanded the scope of activities by venturing into IT solutions and Technology services. The company has offering awide range of IT services and products such as business availability services, business continuity services, systems integration solutions, and framework solutions and products.
The company has a large client base across the globe in different industry segments like BFSI (Banking, Financial Services & Insurance), Manufacturing, Utilities, Services, Government bodies, etc. Prominent Client companies such as HDFC Standard Life Insurance Company Limited, CRISIL Limited, WorldSoft Technologies Inc., Ami Impex Co.Ltd and Emond bvba. In 2006, the company has acquired Edventure Systems Inc (ESI) vide Business Assets Purchase Agreement, whereby ESI would operate as a division of Omnitech. The company has received initial approval from the Ministry of Industry and Commerce in the Kingdom of Bahrain for incorporation of 'Omni Gulf Technologies WLL' and 'DRC Gulf WLL' for proposed business operations of the Company in Bahrain and other Middle East countries. In 2007, the company has incorporated Omnitech Technologies Inc., a wholly owned subsidiary of Omnitech InfoSolutions Limited, in the State of Delaware, United States of Amercia.
According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 57.95%, from INR 219.79 tens of millions to INR 347.15 tens of millions. Operating result increased from INR 67.65 tens of millions to INR 107.87 tens of millions which means 59.45% change. The results of the period increased 41.25% reaching INR 53.18 tens of millions at the end of the period against INR 37.65 tens of millions last year. Return on equity (Net income/Total equity) went from 22.20% to 24.21%, the Return On Asset (Net income / Total Asset) went from 16.72% to 16.00% and the Net Profit Margin (Net Income/Net Sales) went from 17.13% to 15.32% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 151.31% compared to 132.80% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.70 to 5.50 when compared to the previous year.

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