PARADYNE INFOTECH: An aspiring and promising player

The company achieved a CAGR of 87 percent in the last six years both in top
and bottomlines, making them a significant player to watch out for in the future

Paradyne Infotech, made it to the Solution Provider's Silver Club for the
first time with a total revenue of Rs 87.88 crore for the financial year
2005-06. This is a growth of over 28 percent over the previous year's revenue
of Rs 68.57 crore. Year 2005-06 saw the company open its Initial Public Offering
(IPO) on September 30, 2005 and the issue closed on October 7, 2005. Paradyne
came up with the initial public offering of 33,00,000 equity shares of the face
value of Rs 10 each at a premium of Rs 32 per share aggregating to Rs 13.86
crore. Investors gave an excellent response to the issue, Over all the issue was
subscribed almost 45 times.

The company which focuses on end-to-end solutions for the enterprise, got
listed on BSE and NSE on November 10, 2005. On the day of listing its share
price closed at Rs 76.10.

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MD & CEO: Annand Sarnaaik
Highlights The company became a public listed company with its IPO in September Achieved a CAGR of 87 percent in the last six years Received the Deloitte Technology Fast 500 Asia Pacific 2005 award Was felicitated by Sun Microsystems and IBM

According to the company website, the company achieved a CAGR of 87 percent
in the last six years both in top and bottomlines, making them a significant
player to watch out for in the future.

The company specializes in the areas of e-commerce, business intelligence,
business process management and customer relationship management. According to
the company releases, these competencies are managed by experienced management
teams backed by a global advisory board consisting of legendary academic and
business luminaries.

During the year, the company offered its services to specific industries
verticals like banking and finance, education and research, e-governance,
manufacturing and retail, health care and telecom.

Paradyne also boasts of being empanelled by Government of Maharashtra along
with few selected major IT companies like IBM, TCS, Wipro, CMS and Tata Infotech.
During the year the company was awarded the Excellence in Sales award by Sun
Microsystems and was felicitated by IBM as Outstanding Business Partner.

Some of the major client who have contributed to Paradyne's success are JM
Morgan Stanley, SBI, IDBI, Mandvi Bank, Corporation Bank, Indian Navy, Hudco,
MTDC, MAHADA, Reliance, and Hughes Telecom.

In the month of December 2005, the company was also declared one of the
winners in the Deloitte Technology Fast 500 Asia Pacific 2005 program, which
acknowledges and honors fast-growing technology companies across Asia Pacific.
The high profile awards ceremony, which was held in Hong Kong, was attended by
winning companies from various countries.