Tera Software : Government To The Rescue

Tera Software registered a 17 percent growth in 2008-09, thanks to the kitty
of government orders it bagged. Since the government sector is the key focus for
the company, during the election phase, the company faced some issues due to
lack of orders.

However, it managed to post revenues of Rs 82 crore over Rs 70 crore last
year. One of the key financial strengths for the company lies in the fact that
most of the orders are five to six years long.

The company attributes its modest growth rate to longer period contracts,
negligible employee attrition rate, and funding support from banks.

Currently, Tera Software is working on e-governance projects in 11 states,
and plans to widen its reach across the nation. In consortium with Electronics
Corporation of India (ECIL), the company has bagged the Kerala State Road
Transport Corporation (KSRTC) contract for complete automation of the
department. The total order value is worth Rs 48 crore. In addition, the
company, partnering with ECIL, has also bagged a project worth Rs 1.25 billion
from the Maharashtra Sales Tax Department for automation outsourcing, which
includes the designing of IT, architecture, execution of outsourced processes
and application software development and maintenance.

In its home state, Tera Software has bagged an order from the Civil Supplies
Department, Government of Andhra Pradesh for capturing beneficiary information
and printing of biometric ration cards. The value of the order is Rs 12 crore.
The company has also signed contracts for executing land registration projects
in Karnataka and Andhra Pradesh.

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SILVER CLUB RANK (2007-08): Newcomer
PROFILE
CEO: Gopi Chand Start-up year: 1995 Employees: 1,700 Collaborations: ECIL, HP, IBM, TVS-E, Wipro, Epson, D-Link, Cisco, EMC, etc Address: 8-3-113/2B, Kesava Nagar, Sri Nagar Colony, Hyderabad - 500073 Tel: 23730553 Website:www.terasoftware.com
HIGHLIGHTS Bagged Rs 1.25 billion order from Maharashtra Sales Tax Department Bagged Rs 48 crore order from KSRTC

The company's customers include the most prominent state governments in the
e-governance space. They include the National Remote Sensing Agency (Department
of Space, Hyderabad), Hospital Services Corporation Consultancy (Noida),
Inspector General of Registration and Commissioner of Stamps (Karnataka),
National Informatics Centre (New Delhi), National MST Radar Facility (Tirupathi),
Naval Physical and Oceanographic Lab (Kochi) and Zee Telefilms (Mumbai).