GSS AMERICA INFOTECH LTD.

GSS America Infotech Ltd.

GSS America Infotech Ltd.532951 GSSAMERI Group (B)52wk H/L (Rs) 508.35 - 400.00Last traded 500.65 Change 100.65 (25.16%)Time 07 Mar, 16:41 Volume 13978784Prev Close 400 Day's H/L (Rs) 508.35 - 400.00Mkt Cap (Rs Cr) 490.64

About Us
GSS America Infotech Ltd is one of the fastest growing IT consulting and Software Development company. Since 1999, GSS America has been a leading Global IT Services company, focused on providing scalable and cost-effective IT solutions using Global Delivery Model.

We emphasizes on acquiring an in-depth knowledge of the customer's context and needs, and designs solutions fine-tuned to those needs. GSS America's ideas and services have resulted in technology-intensive transformations that have met the most stringent international quality standards.

We are driven to attain our customer's highest satisfaction by providing business experts with underlying delivery expertise in Enterprise Technology, Methodologies, and Implementations. Our core competencies are designed to effectively deliver results to our customers.

The GSS America Promise

We believe in long-term client and partner relationships built on investment in innovative solutions, delivering more value than the competition and a commitment to excellence; We believe in growth and profitability and building meaningful scale; We believe each of us is ultimately responsible for our own career development and has a commitment to mentor others; We believe that GSS America has an obligation to invest in our consultants' training and education; We believe the best career development comes on the job; and We love challenging new work opportunities.

Our Vision and Mission Our Vision:To become world’s leading provider of innovative IT Services and Business Solutions of Superior Quality.Our Mission:To provide innovative, high quality and best-in-class IT services to our customers, enabling them to achieve their business objectives.


Careers - Overview
"There is work that is work and there is play that is play; there is play that is work and work that is play. And in only one of these lie happiness."challenging yet A fun filled working environment Once you are a part of the GSS America family we envision your progress and with you, we move ahead. The challenge of being at the forefront of cutting edge technologies will be yours. You get to work with fortune 1000 clients. You have freedom to initiate and to realize your goals. As you go ahead, we stand hand in hand to reap the benefits of our good work. Our energy, our free spirit and our involvement to every growth aspect of our people have played a significant role in our success story so far. We imbibe these very qualities into every new entrant to our family. Active, unhindered participation brings us closer to each other and to our own selves, making work fun.A window to learn and expand your horizons GSS America has a strong corporate culture that is built on the key values of customer centricity, transparency, flexibility and commitment. We mix our fast-paced environment with a culture that challenges your entrepreneurial spirit, encourages your innovative ideas and allows you to have fun. We seek team-oriented people experienced in the many facets and disciplines of the IT industry. If you have a passion for excellence and are motivated by challenge, come explore career opportunities with us.


Different Industry, Different Needs

GSS America understands that every industry is unique and has its own unique requirements and challenges. The priorities of manufacturing companies are completely different from insurance companies; and consumer products companies face challenges that are non-existent in the energy industry.GSS America's experts possess wide range of industry experience in key verticals. We built IT solutions designed specifically for the business and the customers we worked with. Over the years, based on our experience in various industries, we have developed highly effective systems, methodologies and best practices. The unrivaled ability of our team of experts in customizing IT solutions to meet the needs of each different company in each different industry; including Financial Services, Insurance, Manufacturing, Retail & Consumer Products and so on; is always well appreciated.


IT ServicesAt GSS America, we understand that most organizations are too busy to keep up with all of the latest IT trends and innovations. We offer Professional Services and IT Solutions to help you stay current. GSS America’s complete range of IT Services and solutions addresses the needs of both technology and business requirements to help organizations leverage leading-edge technologies for business improvement.GSS America takes charge of the IT needs of the entire enterprise. The gamut of services extends from Enterprise Application Services to Managed Services. GSS America’s Enterprise Solutions have served and continue to serve clients from a range of industries including Healthcare, Energy and Utilities, Finance, Telecom, Insurance, Banking, and Media and Entertainment.

Titagarh Wagons Limited IPO

Titagarh Wagons Limited IPO

Incorporated in 1997, Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. It is in the business of manufacturing railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc.They also manufacture other products for the Indian defence establishment, such as special purpose wagons, shelters and other engineering equipments. They had approximately 16.9% market share in the wagon manufacturing segment in Fiscal 2006, which has further increased to approximately 22.1% in Fiscal 2007.

Titagarh Wagons Limited are the only private sector company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India. Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector. They operate two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal.

Objects of the Issue:

1. The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to: Set up an EMU manufacturing facility at our Uttarpara unit;

2. Modernise and expand our existing facilities at our Titagarh and Uttarpara units;

3. Set up an axle machining and wheelset assembly facility at our Uttarpara unit;

4. Construct a corporate office and a design cum research and development office;

5. Strategic acquisition or investments;

6. Brand building exercise;

7. General corporate purposes.

Titagarh Wagons Limited IPO Information»» Public Issue Open: March 24, 2008 to March 27, 2008»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)»» Public Issue Size: 4,063,158 Equity Shares of Rs. 10/-»» Face Value: Rs. 10/-»» Public Issue Price: Rs 540/- to Rs 610/-»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-»» Listing: BSE, NSE»» Lead Manager: Kotak Mahindra Capital Company Ltd

Profile

Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. We are young company incorporated in 1997-98 which is primarily engaged in the business of manufacturing Railway Wagons, Bailey Bridges, Heavy Earth Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.As an “Industry Partner” to the Defence Research and Development Establishment, Ministry of Defence (“DRDO”), we also manufacture other products for the Indian defence establishment, such as special wagons, shelters and other engineering equipments.We believe we are the only private sector company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India.

Vision and Mission

Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector, to be known as a dependable and preferred partner for growth in line with a national perspective plan.Titagarh Wagons is also committed to create maximum value for all its stakeholders.

Milestones

1997 - Year of Incorporation : Development of the Proto Type of BOXN Wagon

1998 - 1st Order from the Indian Railways [For BOXN & BCNA Type Wagons2000 - ISO:9002 Certification from Lloyds UK

2000 - Addition of new type of wagon (BOBYN) in the order book

2001 - Bailey Bridge Division : Only Pvt. Sector Unit Registered with the Ministry of Defence,Government of India.

2001 - Commencement of Manufacturing BOBRN Type Wagon

2002 - Recognition from the Minstry of Defence, Government of India as an ‘Industry Partner’ for wagons and Bridges

2002 - First order for manufacture and supply of Bailey Bridge

2002 - Upgradation of Quality Certification to ISO: 9001-1994 from Lloyd’s Register Quality Assurance, United Kingdom

2002 - Despatch of the first set of components for Bailey Bridge

2003 - Commencement of two new types of wagons BOST and BFNS in the order book

2003 - First order received for supply of Container Flat wagons from CONCOR

2003 - First order for supply of Special Purpose Wagons for the Ministry of Defence

2003 - Upgradation of Quality Certification to ISO: 9001-2000 from Lloyd’s Register Quality Assurance, United Kingdom

2003 - Recognition of In-House R&D unit by the by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. Of India

2003 - Registered Supplier for United Nations Procurement Division for the manufacture and supply of fabricated engineering items

1997 - Year of Incorporation : Development of the Proto Type of BOXN Wagon

1998 - 1st Order from the Indian Railways [For BOXN & BCNA Type Wagons2000 - ISO:9002 Certification from Lloyds UK

2000 - Addition of new type of wagon (BOBYN) in the order book

2001 - Bailey Bridge Division : Only Pvt. Sector Unit Registered with the Ministry of Defence,Government of India.

2001 - Commencement of Manufacturing BOBRN Type Wagon

2002 - Recognition from the Minstry of Defence, Government of India as an ‘Industry Partner’ for wagons and Bridges

2002 - First order for manufacture and supply of Bailey Bridge

2002 - Upgradation of Quality Certification to ISO: 9001-1994 from Lloyd’s Register Quality Assurance, United Kingdom

2002 - Despatch of the first set of components for Bailey Bridge

2003 - Commencement of two new types of wagons BOST and BFNS in the order book

2003 - First order received for supply of Container Flat wagons from CONCOR

2003 - First order for supply of Special Purpose Wagons for the Ministry of Defence

2003 - Upgradation of Quality Certification to ISO: 9001-2000 from Lloyd’s Register Quality Assurance, United Kingdom

2003 - Recognition of In-House R&D unit by the by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. Of India

2003 - Registered Supplier for United Nations Procurement Division for the manufacture and supply of fabricated engineering items

2004 - Received registration from the Ministry Of Defence, Government Of India to be a licensed manufacture of Integrated Field Shelter (NBC Shelter)

2004 - 1st Export Order from Africa

2005 - Order for the MGR Type Wagon from NTPC

2005 - Commencement of Manufacturing BRNAHS Type Wagon

2005 - 1st Private Sector Order of BOXN-HS wagon under OYWS

2005 - Execution of BTA with Hyderabad Industries Limited for Acquisition of Heavy Engineering Division

2005 - Investment in Equity Share of the Company by Strategic Venture (Mauritius) Limited

2006 - Investment in Equity Share of the company by 2i Capital PCC

2006 - Investment in Equity Share of the company by Goya Limited

2006 - Received Quality Certification from ISO: 9001-2000 from Indian Register Quality System (Indian Register of Shipping) for the Heavy Engineering Division

2006 - Roll out first ever wagon manufacture under WIS2006 - First order from Private Sector for supply of Food Grain Wagon

2006 - First order under Privatisation of Container Freight Traffic for Supply Container Flat Wagon

2006 - Addition of new type of wagon (BOXN-LW) in the order book

2006 - First order for supply of tank wagons (BTPN)

2006 - Entered into a memorandum of understanding with M/s Kawada, Inc, Japan, for development of double lane modular bridges, called Kawada System Truss Bridges

Products & Services

Wagon ManufactureOur product range covers a wide variety of wagonsSpecial ProjectsTWL is the premier Organisation for manufacture and supply of BridgesHeavy Earth Moving & Mining EquipmentTWL have the capability to manufacture the various types of Mining EquipmentsFoundry DivisionThe steel foundry division of TWL is capable of producing Liquid MetalRail Coach TWL has drawn out plans to foray into the EMU and Metro Coach Business.

Careers At Our Company

Titagarh Wagons Limited work culture is marked by positive energy, teamwork and performance ethics.We are committed to build an open work environment and result oriented meritocracy.With attractive compensation packages and productive work environment and challenging assignment we are striving to get the best out of our most valuable assets – It’s People.We reward the will to succeed and the desire to compete with the best in the world and to fulfil this we provide various perks to our employees along with a structured system, reward performance and delivers opportunities continuously.

Titagarh Wagons IPO opens on March 24

Titagarh Wagons Limited (“TWL” or the “Company”), a private sector railway wagon manufacturer in India, primarily engaged in the business of manufacturing railway wagons, heavy earth moving and mining equipment, bailey bridges, steel and SG iron castings, is entering the capital market with its initial public offering (“IPO”) of 23,83,768 equity shares of Rs 10 (the “Equity Shares”) for cash at a price to be determined through 100% Book Building Process (the “Issue”). The Issue will open on March 24, 2008 and will close on March 27, 2008. The Price Band has been fixed between Rs 540 and Rs 610 per Equity Share.The Issue comprises a fresh issue of 20,68,111 Equity Shares and an offer for sale of 3,15,657 Equity Shares by Mrs. Rashmi Chowdhary and Strategic Ventures Fund (Mauritius) Limited (the “Selling Shareholders”). The Issue consists of a net issue of 23,68,768 Equity Shares (the “Net Issue”) and a reservation of up to 15,000 Equity Shares for subscription by eligible employees. The Net Issue will constitute 12.8% of the post issue capital of the Company.At least 60% of the Net Issue will be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”). Further, 5% of the QIB portion will be available for allocation to mutual funds only and the remaining QIB portion will be available for allocation to the QIB bidders including mutual funds. Further not less than 10% of the Net Issue will be available for allocation on a proportionate basis to non-institutional bidders and not less than 30% of the Net Issue will be available for allocation on a proportionate basis to retail investors.

The objects of the Issue are to utilise the proceeds of the Fresh Issue towards the purposes of a) Setting up an EMU manufacturing facility at Uttarpara unit, b) Modernising and expanding the existing facilities at Titagarh and Uttarpara units, c) Setting up an axle machining and wheelset assembly facility at Uttarpara unit, d) Constructing a corporate office and a design cum research and development office, e) Strategic acquisition or investments, f) Brand building exercise and g) General corporate purposes.

Titagarh Wagons Limited operates two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal. The Uttarpara unit functions as its second manufacturing plant for wagons, in addition to manufacturing heavy earth moving and mining equipment. As an “Industry Partner” to the Defence Research and Development Organisation, Ministry of Defence (“DRDO”), the Company also manufactures other products for the Indian Defence establishment, such as special purpose wagons, shelters and other engineering equipments.

The Company has also entered into the field of manufacturing and marketing special purpose wagons to suit the varying needs of its customers, such as the Merry-Go-Round (“MGR”) wagons, special wagons for the Indian Defence establishment. It has designed the Wheel-on-Wheels (“WoW”) to enable it to carry various types of trucks, catering to the needs of the logistics industry by providing a Roll-on– Roll-off service. The Company has acquired the Heavy Engineering Division of Hyderabad Industries Limited which includes a manufacturing unit at Uttarpara, West Bengal with a steel foundry, fabrication cum machining facility and access to a rail siding.

The order book of the Company stands at Rs 7,531.1 million with the rolling stock division constituting nearly Rs 6,693.9 million as on January 31, 2008. The Company is structured along three broad business lines: a) wagon manufacturing division, b) special projects division (includes defence, bailey bridges and other fabricated equipment) and c) heavy earth moving and mining equipment division.

Since Fiscal 2003, the Company’s total income and PBT have grown from Rs 471.7 million and Rs 47.1 million respectively to Rs 2,840.5 million and Rs 448.0 million respectively in Fiscal 2007, which represents a CAGR of 57% and 76% respectively, during this period. The wagon dispatches of the Company have increased from 644 wagons in Fiscal 2003 to 2,073 wagons in Fiscal 2007.

The Company proposes to list its Equity Shares on the Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). The Book Running Lead Manager (“BRLM”) to the Issue is Kotak Mahindra Capital Company Limited and the Co-Book Running Lead Manager (“CBRLM”) is JM Financial Consultants Private Limited.

Private sector railway wagon manufacturer, Titagarh Wagon is entering the capital market with its initial public offering of 23,83,768 shares of Rs 10 for cash at a price to be determined through 100 per cent book building process. The issue opens on March 24 and closes March 27. The price band has been fixed between Rs 540 and Rs 610 per share. The issue comprises fresh issue of 20,68,111 shares and an offer for sale of 3,15,657 equity shares by Rashmi Chowdhary and Strategic Ventures Fund (Mauritius). The issue consists of a net issue of 23,68,768 shares and a reservation of up to 15,000 shares for subscription by eligible employees. The net issue will constitute 12.8 per cent of the post issue capital of the company. At least 60 per cent of the net issue will be allocated on a proportionate basis to qualified institutional buyer, 5 per cent of the QIB portion will be allocated to mutual funds, and the remaining will be allocated to the QIB bidders including mutual funds. Further, not less than 10 per cent of the net issue will be allocated on a proportionate basis to non-institutional bidders and 30 per cent to retail investors. The company plans to utilise the proceeds for - a) Setting up an EMU manufacturing facility at Uttarpara unit, b) Modernising and expanding the existing facilities at Titagarh and Uttarpara units, c) Setting up an axle machining and wheelset assembly facility at Uttarpara unit, d) Constructing a corporate office and a design cum research and development office, e) Strategic acquisition or investments, f) Brand building exercise and g) General corporate purposes. Titagarh Wagons operates two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal. As an “Industry Partner” to the Defence Research and Development Organisation, Ministry of Defence, the company manufactures special purpose wagons, shelters and other engineering equipments.

The company also manufactures and markets special purpose wagons to suit the varying needs of its customers, such as the Merry-Go-Round wagons, special wagons for the Indian Defence establishment. The company has acquired the heavy engineering division of Hyderabad Industries which includes a manufacturing unit at Uttarpara, West Bengal with a steel foundry, fabrication cum machining facility and access to a rail siding. The order book of the company stands at Rs 753.11 crore with the rolling stock division constituting nearly Rs 669.39 crore as on January 31, 2008. The company is structured along three broad business lines: a) wagon manufacturing division, b) special projects division (includes defence, bailey bridges and other fabricated equipment) and c) heavy earth moving and mining equipment division. Since fiscal 2003, the company’s total income and profit before tax have grown from Rs 47.17 crore and Rs 4.71 crore respectively to Rs 284.05 crore and Rs 44.80 crore respectively in fiscal 2007, which represents a CAGR of 57 per cent and 76 per cent respectively, during this period. The wagon dispatches of the company have increased from 644 wagons in fiscal 2003 to 2,073 wagons in fiscal 2007. The stock will be listed on the Bombay Stock Exchange and National Stock Exchange of India. The lead manager to the issue is Kotak Mahindra Capital and the co-book running lead manager is JM Financial Consultants.

Nasdaq to enter Indian market
he BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) could soon face international competition in their backyard.Nasdaq, one of the leading exchanges in the US, is planning to enter the Indian equity exchange space by integrating the networks of regional stock exchanges in the country.According to sources, Nasdaq has recently made presentations to five regional stock exchanges (RSEs) - Ahmedabad, Bangalore, Kochi, Chennai and Vadodara - for setting up a national level equity exchange.Nasdaq, which operates through a 'quote driven trading system', is planning to introduce the same trading system in the country by integrating RSEs.Under this system, market makers are obliged to give two-way quotes to the system.As against this, the country's premier bourses - NSE and BSE - have an order driven system that accepts bids and orders from buyers and sellers. It retains all bids and order in the order book on a price time priority basis.So, what is the fundamental difference between both systems? Markets work on a simple premise. If you intend to sell a stock, for instance, the assumption is, there will be a buyer. What happens when there are no buyers? In a stock market, if the situation persists, illiquidity can persist.To get around the problem, stock exchanges like Nasdaq employ market makers. When there are no buyers for a stock, for instance, the market makers step in and compete among themselves to buy the stock. It works the other way around too.If there are no sellers for a stock and demand is rising, market makers sell the stock from their own reserves.Market makers make a profit by maintaining a difference at which they buy and sell their stocks. This, in exchange lingo, is called buy-ask spread.

Of course, the risk of taking losses is a very real one. To get around that, these players employ fairly complex hedging options that attempts to insulate them from the attendant risks.Nasdaq's contention is that a trading platform like this, is a more compelling proposition that the one that is employed by most stock exchanges.Sources said various options are being considered for setting up the national level platform. One of the options is to set up two separate companies for providing common settlement system and technology support. Nasdaq might take a majority stake in these companies.Another option is Nasdaq may acquire some stake in regional exchanges and develop the system."As the regulatory provision does not allow any entity to pick more than 5% stake in stock exchanges in the country, the option of setting up two separate companies for common clearing and settlement and technology seems to be loking more viable," said sources at the Ahmedabad Stock Exchange.When contacted by TOI, Ghanshyam Das, MD, Asia Pacific region, Nasdaq, declined to comment.Sources said entry through RSEs is the only option left with Nasdaq as both NSE and BSE have other exchanges as investors.While NSE has sold a stake to NYSE, BSE has given equity stake to Deutsche and Singapore exchanges.