PALRED TECHNOLOGIES Share price

History of the CompanyFour Soft Limited (FSL) was established initially as Four Soft PrivateLtd. in December 1999 at Hyderabad in the State of Andhra Pradesh(India) by Mr. Palem Srikanth with an objective to build theenterprise software/IT solutions in supply chain process managementusing advanced web technologies. FSL's unit at Hitec City Hyderabad isregistered as 100% Export Oriented Unit under Software Technology Parkscheme of the Govt. of India. FSL was converted into a Public LimitedCompany in April 2003.While focusing on the development of software products for Supply-ChainProcess Management FSL offers software development and consultancyservices in the same field of Supply Chain Process Management in theglobal marketplace. It launched the first software product eSupply SPin 2001 and the product eSupply EP is under implementation and expectedto go live in September 2004. These products are web-centricenterprise applications for Supply Chain Process Management and arebased on the J2EE technology.In 2001 FSL has set-up a wholly owned subsidiary Four Soft LLC SanFrancisco (USA) to support implementation of its products in the USAmarket. In 2002 FSL also has set up a Joint Venture company Four SoftInternational Inc. San Francisco (USA) to look after businessdevelopment and marketing activities in the North American market.Currently FSL has operations in Europe Asia-Pacific and NorthAmerica and is in the process of setting up branch/marketing officesin these regions.FSL presently employs over 140 personnel. Its operating revenue hasgrown from Rs 6.5 lacs in FY2000 to Rs 732 lacs in FY2003 and Rs.1043Lacs for nine months ended 31st December 2003. FSL is a consistentprofit and dividend paying company since inception. Its' net profitgrew from (approx.) Rs.2 lacs in FY2000 to Rs288 lacs in FY2003 andRs.563 Lacs for nine months ended 31st December 2003. As at31/03/2003 networth of FSL is Rs 788 lacs and Rs.2157 Lacs as at 31stDecember 2003.