176 | Ashtech Infotech
During the year, Ashtech largely focused on professional and software services. The company initiated setting up of a division of software application and implementation center. With this the company looked at newer areas including virtualization and thin client solutions. It bagged a contract from Maharashtra Pollution Control Board for providing turnkey solution.

177 | RMSI
Geospatial data and software services company, RMSI, entered into a joint venture with US-based Risk Management Solutions to provide the latters clients with a central resource for the cleansing and enhancement of exposure risk data to increase the efficiency and accuracy of its RiskLink catastrophe modeling analyses. On the flip side, in tandem with the drop in revenues, the companys net profit for FY 07 cut down to less than half of previous years.

178 | Nihilent Technologies
The year saw Nihilent reinventing itself as a consulting player specializing in change management. Incidentally, the company patented the MC^3 change management framework for this purpose, and bagged SBI and IndusInd Bank as its Indian clients. Other domestic successes included four clients deploying its electronic feedback gathering system, CFS. Going ahead, the company intends to have an IPO sometime next year.

179 | SQL Star International
It can well be called a turnaround year for the company with revenues and profits appreciating. Over the year, it secured an order from Pitti Laminations for implementing e-business suite of Oracle, integrating manufacturing, financials, and order management and purchasing modules in two plants owned by Pitti. Meanwhile it also entered into an agreement with Chiron Panacea Vaccines for managing their IT based applications.

180 | Kale Consultants
Having added 20 new customer contracts the year saw Kale expanding its footprints in to newer service areas within travel and transportationespecially expanding its BPO offerings. Kale also initiated a new strategic plan called STRAT 2010. It expects to achieve annual revenues of Rs 220 crore in the next three years. This year saw Kale bagging contracts from British Midland International (BMI), TAP Portugal, SkyTeam, SOTC, SAS Cargo, EVA Airways Corporation, and Direct Logistics.

181 | Neilsoft
Pune-based Neilsoft has a stronger focus on construction with the sector accounting for 40% of its revenues. This focus led Neilsoft to foray into Qatars busy construction sector, with plans to use Doha as a springboard to spread into entire ME. The company partnered with the College of Engineering, Pune, BVB College of Engineering, Hubli, and MS University, Vadodara as part of Nasscoms work force development initiative.

182 | Mistral Software
Mistral opened a new development center in Hyderabad at an investment of Rs 10 crore. Involved in embedded software and hardware design work, this center expedited operations with a number of existing clients in Hyderabad. In addition, there was a slew of launches throughout the year, most notably WLAN solutions for TIs DaVinci platform in conjunction with Murata, Development Platform for TIs OMAP2430 Processor as well as the Blackfin based Hands-Free Car Kit.

183 | Value Momentum Software Service
Value Momentum, a global professional services firm assisting insurance carriers and lending firms, has a product-led approach to services. A high point last year was launching a new product called Decision Foundry PLM for insurance. It enables insurance carriers to rapidly rollout market-aligned products and keeps them constantly refreshed in response to market conditions. They increased their headcount by 18%.

184 | Prime Focus
Having got a strong foothold in Bollywood with some big films like Guru and Hanuman, Prime Focus looked at expanding its footprints down South. It launched its facility at Chennai, with an investment of over Rs 12 crore. The companys acquisition of 55% stake in London-based post-production company, VTR Group helped the company bag significant contracts. Prime Focus also handled the entire post-production work for the Hollywood film 28Weeks Later.

185 | FCG Software Services
FCG made its Indian operations a profit center with independent sales teams pitching for projects. It also started focusing on health insurance, health delivery, and life sciences, in addition to its traditional key vertical, ISVs. With the recent acquisition of Zorch, the company plans to provide regulated content management and collaboration for the life sciences industry. FCG also added BPO practice to its portfolio last year.

186 | SunTec Business Solutions
It has been a long journey for a company known for its telecom-billing product. SunTec has now penetrated deeply into BFSI. Last year, a major achievement was the beginning of a relationship with DBS Bank, a financial services firm based out of Singapore. DBS deployed SunTecs TBMS-F product suite to enhance its cash management services. In the US market, it won a deal with one of the top 10 banks again for the TBMS-F solution.

	Good traction for its TBMS product suite
	President & CEO: K Nanda Kumar l Start-up Year: 1990 l Products & Services: Software solutions for transaction billing l Address: 443, Nila Technopark, Trivandrum l Tel: 2539600 l   Fax: 2433578 l Website: www.suntecgroup.com

187 | KMG Infotech
SIDBI Venture Capital picked up 10% stake in Bangalore-based KMG Infotech during 2006-07 for an estimated $2.3 mn. It came in the wake of an 8% stake divestment in favor of Fairfax Financial Holdings last year. The fund helped in expansion plans, as the company looked beyond Bangalore and set up a 600-seater center in the Chandigarh Technology Park. Meanwhile, it focused on the domestic government sector, bagging its first e-Gov project.

188 | Choice Solutions
Choice Solutions forayed into data center practice by launching its Choice Datacenter Division. The services provided by the division were data center assessment, deployment, design, audits, and management services.The strong demand from this service came from the IT/ITeS vertical. In addition to this the company also extended its services to other core areas like structured cabling, captive power and precision A/C. The company also adopted a differentiated model, based on client centric and vendor neutral approach.

189 | Hitachi Data Systems India
The year was no exception for HDS, with a 6% market share by revenue (sixth in the overall pecking order), and 5% by shipped storage capacity (fifth in rankings). The SMB sector, however, witnessed some actions: the company launched mid-market solutions, and also executed the India Partner Plan to tap upcountry markets. It unveiled Indias first Application Optimized Storage lab in Bangalore.

190 | Polycom India
With the company looking at retail as the next big thing in its channel mix, the tie-up with Bharti Teletech was a key step in taking forward its retail initiative. Polycom entered into the partnership for distribution of its voice and video conferencing solutions through Bharti Teletechs retail network and through their 100 institutional distributors across the country. The company also inked a Rs 8-10 crore service provider partnership deal with Airtel for providing video conferencing services platform for installing in its network.

191 | Suntronic Systems
An Intel premier provider, Suntronic made a mark as an SI out of Kolkata with significant successes in government departments as well as SMBs. The government clients include West Bengal Industrial Commission, State Planning Board, Office of Customs Commissioner as well as Calcutta University, and Kolkata Municipal Corporation. SMBs like Aajkal Publishers, Sher-e-Punjab, and the DPS Corporate Club were also added to the client list.

192 | Lauren Information Technologies
Laurens evolution into an SI of note entered its next phase, culminating into major wins in banking, manufacturing, and retail. Lotus Notes messaging and collaboration solution was implemented for more than 8,000 Centurion Bank of Punjab and 2,500 Ambuja Cement users across India. Microsoft Exchange was deployed across the Hiranandani Group of companies. On the retail front, there was large-scale deployment of HP servers and storage across Pantaloon.

193 | Nelito Systems
This focused BFSI company added twenty new customers during the year. It launched a series of new banking products which included a fresh new banking software product, Fincraft-Core (Core banking software), which bagged four major deals. Also, it launched a niche product "SLiM" (Software Life Cycle Manager) to address the whole gamut of software development and delivery system solutions. The company strengthened its focus in ERP solutions space through Microsoft Dynamics Axapta.

194 | CashTech Solutions
Cashtechs image as an innovative financial product company just got stronger when it won the retail banking innovation award from FTs The Banker magazine for the third time in a row for its International Remittances product, Transact Remit. Its cash management product, Transact CashIn, too was in demand with TMB Bank in Thailand being one notable customer. Also, Cashtech introduced Global Pay Plus, the payment gateway solution from its US-parent Fundtech, in the Asia-Pacific market.

195 | Nortech Infonet
After a year of flat growth, Nortech Infonet posted impressive revenues with a top line growth of 61%. The company provides a slew of IT infrastructure management solutions in the realm of monitoring, remote management, performance, capacity planning, and on-site outsourcing solutions. The bulk of revenues came from systems, which clocked Rs 25 crore. The rest from peripherals, networking, and domestic services.

196 | SP Software
SP Software diversified its operation by entering into hardware manufacturing with an investment of Rs 12 crore. Consequently, a CD manufacturing plant was set up under a subsidiary company, SP Soft Digital Media. The company, in fact, expanded on all fronts, including opening a US office besides foraying into online corporate training, remote management services, and facilities management. Consequently, it won prestigious projects from large software companies including Satyam.

197 | Elitecore Technologies
In an effort to tackle the scale up in business, Elitcore transitioned its go-to-market strategy from direct selling to distributor model. It engaged a national distributor and twelve regional distributors in the Indian market. The company further expanded its reach in the international market as it made inroads into Middle East and APAC, setting up a base of thirty-five partners in these two markets.

198 | Ontrack Systems
Toward the year-end, Ontrack received the FIPB nod to complete the $6.94 mn acquisition of US-based Intellisys Group. Earlier, its flagship portal, Tendertimes.com, found an international customer in the National Center for Marketing and Price Study of the Belarus Foreign Affairs Ministry. At home too it was identified as a Microsoft Gold partner from the Eastern region, and selected for joint marketing campaigns for MS Dynamics Division.

199 | Onward Technologies
Engineering services remained the biggest driver for Onward Technologies yet again, contributing about 70% to its overall revenues. Onward added about 8-10 customers in this space. However, BFSI and IT have been sore points, with both contributing just about 1% each. After its exit from the Onward Novell JV, the company will continue to be Novells global outsourcing partner for the US and the UK.

200 | Secure Synergy
The government and BFSI sectors put together brought home almost half the revenues for Secure Synergy during FY 07. The company further reiterated its BFSI focus as it outlined cooperative banks as a major vertical area for eyeing growth from 2007 onwards. It also embarked upon a strategy to enhance its presence in smaller cities and the SMB space. During the fiscal, Secure Synergy also added Safends endpoint security solutions to its portfolio.

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