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NSE SYMBOL :ACROPETAL
DATE OF LISTING : April 25, 2001
FACE VALUE :10
ISIN NO :INE055L01013
Acropetal Technologies Ltd., was founded in 2001 and is recognized as a global leader in Information Technology (IT) outsourcing services. At Acropetal, we offer comprehensive enterprise solutions to our clients in Engineering Design Services, Healthcare, and Energy and Environment sectors. Our solutions offer our clients great efficiency and excellent quality for their varied strategic business interests.
Acropetal Tech Ltd was incorporated on April 25, 2001 under the provisions of the Companies Act, 1956 as public limited Company with its registered office at 28, 1st Main BHCS, Layout, BTM 2nd Stage, Bannerghatta Road, Bangalore - 560 076 and received certificate of commencement of business on May 2, 2001 from RoC, Karnataka, Bangalore. The Promoter of our Company is Mr. D. Ravi Kumar. As on date, our Company has 101 members. We offer a broad spectrum of Engineering Design Services and IT and ITES. We acquired 10 shares of 1,000 AED each of Vision Info Inc. on January 27, 2009 from Mr. Sudhir Sivadas, pursuant to which Vision Info Inc. became our wholly owned subsidiary. We were awarded the prestigious STPI award for 'High Growth in Small and Medium Business Unit' by the Software Technology Parks of India (STPI) and Department of Information Technology, Biotechnology & Science Technology, Karnataka for the year 2008- 09 and 2006-07.
According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 72.31%, from INR 201.6 tens of millions to INR 347.37 tens of millions. Operating result increased from INR 76.82 tens of millions to INR 85.81 tens of millions which means 11.70% change. The results of the period increased 34.55% reaching INR 44.98 tens of millions at the end of the period against INR 33.43 tens of millions last year. Return on equity (Net income/Total equity) went from 11.01% to 12.63%, the Return On Asset (Net income / Total Asset) went from 7.89% to 9.47% and the Net Profit Margin (Net Income/Net Sales) went from 16.58% to 12.95% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 76.52% compared to 44.84% of last year.
Major events in the history of our Company
2001 Incorporated with its identity as Acropetal Technologies Limited
2002 Procured first large customer in Saudi-Oger to build a small offshore Development Centre (ODC).
2003 Received approval for setting up 100% Software Export Oriented Unit under the Software Technology Park Scheme
2004 Commenced IT services business with small projects in the web services and portal development areas.
2005 Received order worth Rs.420 lacs from Data Assured
2008 Investment in Binary Spectrum Softech Private Limited
2009 Commenced a vertical unit in emerging sector of Healthcare
2009 Purchased shares of Vision Info Inc. at Ras Al Khaimah Free Trade Zone Authority, UAE pursuant to which it become our wholly owned subsidiary.
Awards and recognitions
2006-07
"Fastest Growing SME in Karnataka"
2008-09 "High Growth SMB" 2010 Asia-Pacific HRM congress for Global HR Excellence Award 2010:
* Acropetal Technologies Limited - for the organization with innovative HR practices * D. Ravi Kumar - CEO of emerging organization
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