Sunday, October 28, 2007

Bharat Forge exports grow by 42 per cent

Forge, originally uploaded by The Tenth Dragon.

Exports recorded a growth of 42 per cent on a YoY basis, despite continued softness in the US medium and heavy commercial vehicle industry and a strong rupee.

The exports growth adjusted for currency appreciation is 54 per cent.

According to Bharat Forge it was able to achieve this growth in spite of the rupee appreciation that resulted in a lower realization on the export earnings of the company to extent of about Rs 26 crores which was partially compensated by a net gain of Rs 10.8 crore on account of the revalorisation of foreign currency loans and deposits:
Bharat Forge exports grow by 42 per cent:

Thursday, October 25, 2007

e-Zest Solutions, one stop solution for software development, now along with Microsoft and Sun technologies offers Oracle technology solutions

E-zest Joins Oracle Partnership Network:

Pune, India -- (SBWIRE) -- 10/24/2007 -- e-Zest solutions has become a member of Oracle partnership network. The company will participate with Oracle in the Business intelligence product focus area and will have access to its exclusive benefits, tools, and resources. e-Zest will be involved in reselling, integrating and implementing Oracle Business Intelligence Solutions.

On this occasion Devendra Deshmukh, Executive Director and Founder of e-Zest, said, “We now proudly offer Oracle technology solutions to our existing and prospective clients. We have domain expertise in ERP, CRM and BI. With first hand Oracle technology knowhow we will be able to offer most updated services and solutions that will create value for our clients.”

e-Zest Solutions is an expert in Oracle business intelligence and develops products that are built on, integrate with, or embed Oracle products. Together, Oracle and e-Zest meet customers' needs with industry-leading solutions that are powered by Oracle technology or are tightly linked to Oracle Applications. When you choose e-Zest, you are deploying world-class Oracle products, plus the extended capabilities of a partner that works hand-in-hand with Oracle, and provides for specific functional area, market, or industry needs.

The news has come when the business development teams with its Executive Directors are in US for Outsource World New York exhibition.

e-Zest Solutions Ltd. ( is an ISO 9001:2000 certified offshore software outsourcing company with expertise and focus on outsourced product development/ product engineering solutions and enterprise custom software development. e-Zest has served 80+ industry leader clients in four continents about a decade with 150+ software professionals on board. e-Zest offers its services to ISVs/IT Services, Healthcare, Finance, Manufacturing, Legal, Education, Sports, HR & Travel business verticals with focus on CRM, BI and ERP solutions. e-Zest have dedicated Microsoft & Sun Competency Centers which focus on solutions and services on based Microsoft .NET (2.0/3.0) and Sun Java EE (2.0/5.0) respectively. e-Zest is Microsoft Gold Certified Partner, Sun Associate Partner and a member of Oracle partnership network. e-Zest is member of various industry associations like NASSCOM, Indo-German Chamber of Commerce and MCCIA. It is a 100% export oriented unit (EOU) registered with the Software Technology Parks of India (STPI) and has branch offices at London UK and San Francisco USA.

Arya Damle
Business development executive
e-Zest Solutions
+ 91 20 24463391

Japanese car maker Honda is planning to launch its hybrid Honda Civic in India

Honda Siel president and CEO M. Takedagawa said the company would launch its hybrid Civic in India. “The homologation process is going on at Arai (Automotive Research Association of India, Pune) and by next year we will introduce the vehicle in the country,”
Honda hatchback in two years: The Telegraph - Calcutta.

Friday, October 19, 2007

Sybase inaugurates Global SPS Centre in Pune, India

mobile, originally uploaded by buckaroo kid.

Sybase, Inc., the leading provider of enterprise infrastructure and mobile software, today announced the inauguration of Global Sybase Professional Services (SPS) Center at Pune. The facility was inaugurated by Tony Morrison, Vice President, Sybase Professional Services, Sybase, Inc.

With an aim to reinforce its focus on the Indian market, SPS will provide services to its customers from out-tasking to outsourcing. It will offer a comprehensive portfolio of onsite and offshore managed IT Services to help its customers optimize global talent availability and to curtail on their overall costs.

“Our entire service portfolio provides access to an exceptional knowledge base and is backed by our commitment to ensure customer success with Sybase products”, said, Morrison
: Moneycontrol India : (Sourced From: 20 : 20 Media Pvt Ltd)

Thursday, October 18, 2007

KPIT Cummins marches ahead in Q2: growth in major markets & practice areas- Automotive Electronics, Business Intelligence & Global Business Solutions

KPIT Cummins Infosystems Ltd (BSE: 532400; NSE: KPIT), an IT, engineering and BPO partner of first choice for global corporations , today announced its results for the quarter ended 30th September, 2007, showing strong growth in all major markets and practice areas-especially Automotive Electronics, Business Intelligence & Global Business Solutions.

Topline Growth

In US$ terms, revenues over the last quarter same year grew by 41.13% while sequential growth was 13.35%. Total revenues for Q2FY08 were Rs. 1492.42 Million, reflecting a 30.88% growth over the revenues in same quarter last fiscal and 10.31% growth over the revenues of previous quarter.

Profit Growth;

For Q2 FY08, the Company earned a Net Profit of Rs. 140.72 Million, a growth of 13.97% over the corresponding quarter in the previous fiscal and 10.94% over the preceding quarter.

Highlights of the Quarter

Overall performance:

Automotive & Semiconductor

Ø KPIT Cummins was chosen as a strategic partner by a top 10 Asian Tier-1 supplier in a global selection process to co- builds it’s advanced electronic systems for global vehicle platforms thus enabling faster time to market. This is a multi-year deal with annual revenue potential of US$ 10+Mn in next 24-30 months.

Ø KPIT Cummins partnered with a leading Automotive software company to co-provide high-end Hardware-in-Loop solution for world’s top 5 car maker.

Ø KPIT Cummins was selected to build an end to end FPGA (Field Programmable Gate Arrays) design solution for an Automotive Tier-1 supplier in Germany.

Global Business Solutions

Ø World’s leading middleware software company has engaged KPIT Cummins as a partner to provide multi-lingual Enterprise Software Support services from its Poland and India centers. This is a multi-year deal with annual revenue potential of US$ 5 + Mn in next 24 months.

Enterprise IT

1) Business Intelligence practice had a sterling quarter with several wins:

a. Signed a new contract with a leading French Corporation for building a financial reporting system.

b. Bagged a multi-year/multi-million dollar assignment from a top 5 customer for providing Business Intelligence Services & solutions

This quarter witnessed a lot of accolades & recognitions for KPIT Cummins

Customers & Markets

¨ Became the first and only Indian company to be invited to JASPAR (Japan Automotive Software Platform & ARchitecture) consortium. JASPAR is a consortium formed by leading Japanese Automotive corporations to define the standards for next generation in-vehicle electronic systems architecture.

¨ Electronica Machine Tools, a KPIT Cummins customer was selected among the top 100 innovative CIOs of the year by CIO magazine for demonstrating innovative application of IT for furtherance of business objectives. This was done for an innovative implementation of SAP by KPIT Cummins in a record time of 4 months.

¨ EFY (Electronics For You) TOP 100 survey ranked KPIT Cummins amongst top 100 focused providers of Electronics Systems & Solutions.

¨ An independent industry analyst recognized KPIT Cummins among the select Business Process Outsourcing services provider in the F&A (Finance & Accounting) domain for Investment Services firms.

Operational Excellence

Winner in Support category at the National level Lean and Six Sigma Excellence Awards 2007 jointly organized by Sakaal group of publication and Symbiosis Center Of Management and HRD (S C M H R D). KPIT Cummins was the only company among the 14 IT/ITeS contestants selected for this award. 81 companies across various industry verticals participated in this competition.

Corporate Governance

¨ Only IT company to be selected for the Golden Peacock award for excellence in Corporate Governance-by the World Council for Corporate Governance & Institute of Directors (UK & Delhi)

¨ KPIT Cummins has been recognized as one of India’s most investor friendly Companies, as endorsed by a study carried out by Business Today (Aug 2007 issue). KPIT Cummins stands in the Top 10 amongst 20 companies across sectors

¨ Chairman, Ravi Pandit was conferred the Rotary Excellence Award by Rotary Club of Pune, Kothrud

Commenting on Q2 performance:

Ravi Pandit, Chairman & Group CEO said:

“We had a very encouraging Q2 with lot of customer wins at higher rates, improvement in our operational efficiencies and double digit volume growth over the last quarter. Our Poland center registered its first major win this quarter. Our competitive positioning in the Automotive & Semiconductor verticals is strengthening every quarter as we sign up new accounts and expand our relationships with existing customers. In spite of the foreign currency depreciation, we have found our way to protect margins. We will continue to work on options to better them in forthcoming quarters.”

Kishor Patil, CEO & Managing Director expressed his pleasure

“Our investment in practices like Business Intelligence & Global Business Solutions (BPO) is paying off with several multi-year deals with US$ 10+Mn annual potential signed this quarter. Automotive Electronics & Semiconductor practices continue to demonstrate leadership in marketplace with significant wins. We have three US$ 10 Mn + deals in pipeline over next 4-6 months and we look forward to a strong performance in quarters to come. Europe & Asia-Pacific demonstrated sizeable wins. We have also experienced better price realizations in our new wins by a factor of 12-15%.”

Girish Wardadkar, President & Executive Director commented on robust operational performance

“Utilization has improved to 74% this quarter from 71% last quarter. We are effectively leveraging Six Sigma as a tool to improve our operational performance. Around 250+ engineers have joined us fresh out of campus and we will focus on their training + deployment in coming quarters. We hired 338 people this quarter. Annualized attrition at the end of H1 was down to 21% from 24% last year. As part of our innovation initiative-CREST, we filed our first patent this quarter. As we get into H2, we will continue to see success of several operational & technology initiatives launched in earlier quarters” : Adfactors Public Relations

Goldman Sachs, New York, invests $172 million for a majority stake in Indian metal castings maker Sigma Electric and its affiliated companies

Founded in 1982, Sigma is a high-quality, low-cost manufacturer of cast metal parts for the electrical, utility, durable goods and transportation markets with sales to the US and Europe.

The company focuses on low-volume, technically complex parts using a range of metals and fabrication processes.

Sigma Electric has its group company Semco Electric at Pune and Ultratech Metals India at Jaipur.

In Pune, the company has zinc, aluminium and copper alloy plants. It has another iron and copper alloy sand casting plant in Jaipur. Semco Electric serves various international markets such as the US, Canada and other western countries.
:Sigma Electric divests majority stake for $172m: The Economic Times

:Goldman Sachs, Sigma Electric announce US$ 172mn invt: Moneycontrol India

:Goldman pays $172mn for major stake in Sigma: Business Standard

Goldman to take control of Indian firm for $172mln: Reuters

Precision Automation and Robotics India, Pune, plans to launch first unit by March and complete the project in 4 years

Joint Venture:

“We have entered into a joint venture agreement with a French manufacturing company Cenetic to work on the final vehicle assembly solution. A Canadian company, Valient, has also entered into a joint venture with us for another project,”Ranjit Date, President, Precision Automation and Robotics India (PARI) said.

Joint Venture!!!, originally uploaded by aklanta.

Solutions and Mechanisms:

“We are already catering to automobile giants like Tata Motors, Mahindra International, Bajaj Auto, Hero Honda, TVS, General Motors and Ashok Leyland. We work with the companies to provide them solutions and develop manufacturing mechanisms for them,” said Govind Jha, Director, PARI.
:Pune to host `automation city: Business Standard

Related Story:
Precision Automation and Robotics India Ltd. unveils Automation City, based on the ‘Automation Alley’ in Detroit, USA, at Shirwal near Pune

Temptation Foods is close to acquiring the 'Everfresh' brand of frozen foods and vegetables from Chambal Fertilisers & Chemicals [FM8579-29]

Everfresh :

The Everfresh acquisition will give the company access to the brand's cold chain distribution network within the country. Everfresh is manufactured at Sonepat, Haryana.

Temptation Foods :

The acquisition will also expand Temptation Foods' product portfolio to include sweet corn, green peas and mixed vegetables. Currently, about 90% of the company's products are consumed in the exports market.

Temptation Foods was set up in 1991 on the outskirts of Pune, for Individual Quick Frozen (IQF) processing of fruits and vegetables. The company underwent a complete financial restructuring in 2006, making it completely debt free by raising approximately $3 million from international hedge funds and high net worth individuals.
Temptation set to buy Everfresh : The Times of India

Tuesday, October 16, 2007

Tata AutoComp Systems Ltd (TACO), Pune, would set up a passenger car airbag testing facility in partnership with Canada's Microsys Technologies

The facility, expected to be operational by December this year, would be configured with high-speed cameras capable of capturing 4,000 frames per second to analyse airbag deployment after a collision.

Microsys Technologies would provide its 'SureFire System' equipment for the new airbag testing facility which has over 60 installations across the globe, the statement said.

"As a prominent player in the components industry, Tata AutoComp has always strived to deliver world class products and services and set industry benchmarks. Microsys' solutions will allow us to launch our new facility within targeted timeframe," TACO chief excutive officer of interiors and plastics division Manoj Kolhatkar said in the statement....
Tata AutoComp to set up airbag testing facility : The Economic Times.

Monday, October 15, 2007

Global car makers such as BMW, Nissan, Toyota, and Honda plan to test cars in India

The Carbird, originally uploaded by Automania.

Global car makers such as BMW, Nissan, Toyota, and Honda are in talks with the National Automotive Testing and R&D Infrastructure Project (NATRIP) to avail themselves of its facilities for testing the durability and performance of their vehicles for the global market.

Funded by the Union Government, NATRIP’s Manesar centre began operations recently to carry out homologation tests. It also has centres in Chennai and Vehicle Research & Development Establishment near Pune. Going forward, the organisation plans to open three more centres in Silchar, Rai Bareily and Indore...
Global auto majors plan to test cars in India (The Hindu business Line)

The Government to study demand and supply of the manpower skill-set in electronics hardware manufacturing

Tecnologia / Tecnology, originally uploaded by Esdras Calderan.

The Government may rope in hardware association MAIT (Manufacturers Association for Information Technology) to undertake a comprehensive study that would project the manpower skill-set demand and supply in electronics hardware manufacturing space, including IT hardware, consumer electronics, components and strategic electronics.

Electronics Hardware :

Electronics hardware has been identified by the National Manufacturing Competitiveness Council (NMCC) as a thrust area and, as such, the sector is expected to generate a direct employment of 7 million and indirect employment of 14 million professionals by 2015.

Pune - Electronics Hardware Manufacturing Cluster :

The study would take up eight upcoming manufacturing clusters in the country including Delhi-NCR, Chennai-Pondicherry belt, Pune-Nashik-Mumbai belt, Uttarakhand, Himachal Pradesh, and Hyderabad and also look at the availability of educational infrastructure.....
Centre to study hardware manpower scenario

Saturday, October 13, 2007

When we have not entered the real estate sector in the last 40 years, why would we enter now? : Rahul Bajaj

hamara BaJaJ ..!, originally uploaded by rAmmoRRison.

"Nothing new is happening and the plant closure issue is not fully understood,"Bajaj said, adding that the workers would be employed at the company's Wagul, Chakan and Pantnagar facilities.

"We are also paying salaries to employees of Akurdi plant till they retire," he said.

"We don't require government permission to shut down the plant as we are paying full salary to our employees," he added.

Bajaj Auto's decision to shut down production at Akurdi had triggered a volley of protests from the employees, who have been accusing the company of wanting to commercially exploit the value of the land....
Attractive VRS for Akurdi workers

Precision Automation and Robotics India Ltd. unveils Automation City, based on the ‘Automation Alley’ in Detroit, USA, at Shirwal near Pune

robotic automation
robotic automation,
originally uploaded by goatopolis.

The automation city will comprise of large scale training setup, research and development setup, manufacturing process development center, prototyping labs, standardization and test facilities, quality related tests and measurements, showrooms, conference rooms and so on said joint managing director, Precision Automation and Robotics India (PARI) Limited, Dr Ranjit Date...
PARI unveils 'automation city' plans

Friday, October 12, 2007

I need your advice on how to match the current short-term goals of profits versus long-term goals of developing the company’s human resource assets

Problem :

My long-term goals are to reach Rs 50 crore revenues by 2010. My salary bill was Rs 70 lakh, when revenue reached Rs 10 crore. It would rise to Rs 1.6 crore at a revenue of Rs 18 crore, if I increase salaries in line with market trends and hire more staff. Should I focus on building the team now or try to meet the short-term objective of profitability?

Advice :

Wow! Yours is a successful startup! Congratulations on passing so many milestones in such a short time. You went from zero to Rs 10 crore in a little over a year and are looking to grow to Rs 18 crore in year 2 — that is spectacular growth. You are diversifying your client base from 90% exports to 66% exports and 33% domestic — that is a wise decision at a time when the US economy is showing signs of flagging! You have managed to keep your senior team together so far — and it was an important thing to do in the start-up stage because it lets you worry about the right things — your product, your markets....Ask the pros: Keeping the flock together