VIRINCHI Share price

COMPANY MANAGEMENT AND PROJECTHISTORY & PRESENT BUSINESS AND MAIN OBJECTS OF THE COMPANY : Thecompany originally incorporated on 13th March 1990 as VirinchiConsultants Private Limited with Registrar of Companies AndhraPradesh and subsequently converted into Virinchi ConsultantsLimited on 22nd January 2000. The Company is in the businessof providing consulting services in the area of IT andinfrastructure.Virinchi is managed by a team of Engineers and ManagementGraduates from reputed Institutes like the Indian Institute ofTechnology and Indian Institute of Management with expertise inthe fields of engineering and management.Virinchi has over the years gained a wealth of experience invarious aspects of business and industry in the areas ofconceptualisation packaging and structuring of projects andproviding advisory services for project development. Thecollaborative style of working enables Virinchi's IT servicesare aimed at providing value addition to is clientele.Virinchi's IT services combines well with the promoterscapabilities to handle high end consulting services whiledealing with knowledge based industries.Virinchi has four Strategic Business Units to tap the hugemarket potential in B2B E-commerce Enterprise Wide ResourcePlanning Solutions Networking and for Services for theimmediate future. Virinchi's entry into each of these businessareas is based on a comprehensive business plan developed by thecompany for having synergies in operations.B2B E-Commerce : Virinchi's entry into B2B E-commerce solutionwith a unique offering called the "Virtual Commodity Exchange"and electronic market placed product which will neatly fit intothe demand for commodity exchange world wide. The exchange iselectronic with all the associated advantages of on-line tradingwhich makes it a better proposition than the regular brick andmortar version. Although initially Virinchi will concentrateon providing an electronic market place for chemicals it willsoon venture into other commodities providing an electronicplatform for all buyers and sellers of commodities.E-commerce or e-business is business conducted through the netespecially buying and selling of goods and services.The precursor of the present day from of e-commerce was actuallya process called electronic data intercharge (EDI) whichoccurred between business partners suppliers and vendorsthrough private networks.The system transmitted standardized data that streamlinedprocesses reducing paper work and human intervention.