Advent Computer Services Ltd

Key Stats

Day's Price Range
52-Week Price Range
1 Year Return42.42 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 156
Rank 158
Rank 114
Dividend Yield
Rank 53
Rank 159
Price To Book Ratio
Debt To Asset
Rank 166

Company Information

Advent Computer Services Ltd ACSL was incorporated as a 100 EOU on 22 Feb.84 in Madras and was promoted by Michael Arul an exIBM technocrat Jennifer Arul and their associates. Electronics Corporation of Tamil Nadu ELCOT a Government of Tamil Nadu undertaking subsequently joined in the project of the company on a 50:50 basis.ACSL was set up to primarily export business application software designed to run on IBM S/38 computer systems that had been introduced in the market at that time by IBM. One of the key objectives of the company was to develop a world class software for the wholesale distribution industry for IBM S/38 users.ACSL succesfully launched ADS 400 a comprehensive distribution management system designed to run on IBM AS/400 system. The initial beta site for ADS 400 was established in Melbourne Australia in 1991 as a US 20 bln multinational conglomerate viz. Bunge Corporation for use by one of its Australian subsidiaries M/s Don Small Goods Pty Ltd which is one of the largest food maufacturing and distribution companies in Australia. In Nov.95 ACSL chalked out a major expansion programme to enter the U.S. the largest and most lucrative market in the world for such application software and is currently focusing on the European market.During the year 19981999 the company established a major breakthrough in its positioning by establishing a strategic alliance with CCG GmbH Munich Germany who are providing both technology and knowhow as well as marketing arrangements for the companys products and services.The has company acquired two unlisted companies during the year 2000 Ibhar Software Private Ltd and Softsolutions Privatein a all stockswap deal at a total valuation of Rs.62 crore.
OrganisationAdvent Computer Services Ltd
IndustryIT - Software