Silverline Technologies Ltd

Key Stats

₹2.16
Day's Price Range
₹2.28
₹0
52-Week Price Range
₹2.28

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 109
-219
EPS
Rank 111
₹-0.01
BVPS
Rank 96
₹24.55
Dividend Yield
Rank 53
ROE
Rank 159
Price To Book Ratio
0.08
Debt To Asset
Rank 158
0.09

Company Information

Silverline Technologies previously known as Silverline Industries is an international software development and integration services firm with over 1800 software professionals worldwide. Silverline provides a comprehensive set of eBusiness consulting and IT services including strategic consulting creative design technology integration and implementation as well as management and maintenance of Internet and legacy applications. Silverline focuses primarily on Global 2000 clients in key industry sectors such as automotive/discrete manufacturing financial services healthcare/insurance technology and telecommunications. The Company also has extensive experience in technologies such as mobile and wireless applications ePayments and enterprise information portals as well as in business processes such as customer relationship management CRM eProcurement and online marketplaces channel management and employee enablement. Silverline delivers its services through a global network of software development centers. At the heart of the network are core offshore centers in Chennai Hyderabad and Mumbai in India and Cairo Egypt. These centers support regional development facilities located close to clients throughout North America Europe and Asia Pacific. With SEI CMM Level 4 and ISO 9001 certified processes Silverline uses this Global Delivery Model to provide superior service accelerated delivery and significant cost savings to clients around the world. Silverline Technologies Inc. a subsidiary of Silverline Technologies Limited announced on 20th Sep. 2002 that it has received an offer from Cognizant Technology Solutions US Corporation to acquire certain assets of a business unit of Silverline Technologies Inc. that provides information technology services to a fortune 100 financial services company. This business unit was acquired as part of the acquisition of SeraNova Inc. an eBusiness consulting services company that was acquired by Silverline in March 2001. Cognizants proposal is nonbinding and is subject to among other things satisfactory completion of due diligence negotiation and execution of mutually satisfactory definitive agreements and the approval of Cognizants Board of Directors. The proposed transaction is part of Silverlines overall financial restructuring plan. Earlier Silverline Technologies appointed Dr.Nirmal Jain as the new Vice Chairman and CEO for the company. The company also announced the reconstitution of the board wherein Dr. Nirmal Jain and Mr. Prem Rajani have been added while replacing Mr.Kulathu Subramanian Mr.S.V Mony Mr.George Zoffinger and Mr.Shankar Iyer. This announcement is in line with its earlier decision to shift operational management function to India to enable it to more effectively position its services better manage its costs and enhance profitability. Silverline plans an expansion program to address emerging opportunities in the areas of IT Software Solutions and Information Technology Enabled Services. New initiatives in the areas of Business Process Outsourcing BPO Enterprise Solutions among others are planned in the immediate future through Business Combinations Joint Ventures strategic alliances etc with established players in the international arena. Silverline had made a public offering in the US during Jun.00. The company had issued 4.35 million American Depository Shares ADSs representing 8.7 million equity shares at a price of US 25 per ADS. The company raised a sum of 108.75 million Rs 500.25 crore. The ADSs were listed on the New York Stock Exchange NYSE in Jun00.Silverline was the first Indian software services company to use its American Depository Receipt ADR issue proceeds for a highvalue acquisition in the US. It had acquired Seranova Inc a US based eBusiness consulting and integration services company in Oct.00 for a consideration of 99 million Rs 455.4 crore. Silverline has a technical alliance partnership with BEA for ebusiness infrastructure. The company has also tied up with Siebel Systems a leading provider of eBusiness applications and software as a consulting and implementation partner. Clarify a Nortel Networks company is a consulting partner of Silverline for services in customer relationship and virtual Internet marketplaces. Silverline is also a developer partner of Sun Microsystems.In line with companys business expansion plan in US the company had issued 4500000 ADRs for acquisition of CTC Corp and its subsidiaries.The company had raised its Authorised Share Capital by Rs.25.00 crores during the year 2002.Also the paid up Equity of the company has been increased by Rs.22.20 crores and as a result of this increase in Paid up Equitythe total Paid up Equity stood at Rs.107.85 crores at the end of financial year 2002.
OrganisationSilverline Technologies Ltd
HeadquartersMumbai
IndustryIT - Software