This Mumbai-based IT education major and software services company slips 11 notches, from #10 rank to #21 this year. One of the leading players in the IT education segment, Aptech provides the entire gamut of software training services, starting from the very basic to the high-end, including courses on graphics. The company also provides software services in the area of Internet and e-commerce. It has launched IT training on the Net and an ASP portal, BconnectB.com. Aptech reported revenues of Rs 466.34 crore in the year ended December 2000, 27% higher than the previous year. Net profit spurted 60% to Rs 81.54 crore, while gross block was Rs 269.34 crore, up 79%. Aptech retained the #8 position in sales, while being ranked at #11in profits and #7 in gross block. Its modest growth rate in revenues, profits and gross block was largely responsible for the fall in ranking. Aptech is ranked at #42 in sales growth, #30 in profit growth and #18 in gross block growth. The company is currently restructuring operations by hiving off software services into a separate company and merging it with group entity Hexaware. Post-restructuring, the software services and education would become two different entities trading. The move is aimed at better valuation and increased focus on software services. The company raised $75 million via the GDR route and acquired US-based Specsoft Consulting.