Pick of the Week - 24-Jan-08

STOCK OF WEEK: Prithvi Info

BUY BUY BUY Prithvi Info

Equity: 18.08 Cr(BSE: 532675 | NSE: PRITHVI | ISIN: INE700C01013)

BSE: 274.20 1.25 (0.46%)
NSE: 269.50 -0.40 (-0.15%)

BUY : PRITHVI INFO @ 274: 275 TGT 292: 294


Prithvi was incorporated under the name Prithvi Information Solutions Private Limited on July 24, 1998 with the Registrar of Companies, Hyderabad, as a private limited company. In 2000, Prithvi was converted to a public limited company. The registration number assigned to Prithvi is 01-29831 of 1998-99. The Registrar of Companies, Hyderabad, issued a fresh certificate of incorporation on April 27, 2000. Prithvi Information Solutions Ltd is a provider of Technology and Process Outsourcing services that strategically harness the power of Information Technology to help clients maximize their business value. Since its inception in 1998, Prithvi has grown consistently and has served over 85 client relationships in US and India. Prithvi is one of the fastest growing companies in its field and has achieved a compounded annual growth rate of 84.16% since its inception.


The Company is a global provider of customized IT solutions and software services to clients and having the bulk of its operations in USA. It was promoted in 1998 by Ms V. Madhavi (based in Pittsburgh) and Mr. V. Satish Kumar (based in India). The company provides software solutions across a host of technologies and platforms. They have software solutions design / development centres and marketing offices in Pittsburgh U.S.A., Springfield VA, Lewis Center Oh, Sugar Land TX, San Ramon CA, Durham, Singapore and Offshore Delivery Centres in Hyderabad and Bangalore, India. Prithvi started its business in 1998 with outsourcing contracts for offshore software development and has, over the years, evolved into a solution provider with a number of services that meet most of its client�s outsourcing needs. Prithvi provides clients with smart solutions that enable them to derive strategic benefits, apart from operational and tactical advantages from deployment of technology. It was this guiding principle that made Prithvi tailor all its processes to understand and solve business problems faced by the client rather than the technological issues, and perform a rootcause analysis before suggesting a solution.


Prithvi�s solutions are characterized by innovation, and in order to convince Engagement Patrons and Decision Influencers in client organizations to implement forward-looking solutions, Prithvi has had to demonstrate exceptional flexibility in designing client work contracts to de-risk the engagement from the client�s point of view. This philosophy of sharing risks and rewards has helped Prithvi forge strong client relationships. The Company�s strong domain skills and customer-centric approach, has resulted in several strategic client relationships. The Company has invested in building a strong sales team and has a core team of 20 sales personnel covering the offices in USA. Several of the Company�s senior executives are based in client geographies and are focused on developing client relationships at senior levels. Sales and NP for year ended 06 � 07 were 1054.27 Cr & 100.96 Cr. Sales and NP for latest Quarter 291.73 Cr & 28.4 Cr. On YOY basis NP has increased by 25 % & based on quarter latest its increased by 22 %