>R SYSTEMS INTERNATIONAL (SUNIDHI)

Company Description:
Incorporated in 1993, R Systems International is a New Delhi-based software product development company. It helps companies bring products and services to market quickly by using its different products and services comprising the pSuite framework, which is an execution framework for PLM (product lifecycle management) services.

Other than the two 100% subsidiaries, R Systems Inc California and R Systems in Singapore, it has acquired two companies, Indus and ECnet, to cater to the banking, finance and manufacturing and logistics verticals. Indus Lending Solutions Business products cater to the retail lending industry and the ECnet suite of products offer supply chain collaboration solutions. RSIL tapped the market in April 2006 at a price of Rs 250 per share aggregating Rs 70.6 crore.

Highlights:
Other services include building and supporting software products in diverse areas like Internet security, Internet music delivery, Internet IP TV, banking applications, supply chain management, ERP solutions, and knowledge management. These software products & services find application across industry verticals such as banking & finance, government, health care, high technology and software vendors.

A significant percentage of R Systems revenues are generated from exports. The development and service centres in Noida, Pune and Chennai are registered with the Software Technology Park of India in their respective areas as 100% Export Oriented Undertakings.

R Systems rapidly growing customer list includes a variety of Fortune 1000, government and mid-sized organizations across a wide range of industries including Banking and Finance and High Technology and Independent Software Vendors, Government, HealthCare, Manufacturing and Logistic. RSIL maintains 8 development and service centres and using its global delivery model it serves customers in the US, Europe, South America, the Far East, the Middle East and Africa.

RSIL had approved the buy back of its shares in September 08 at a maximum price of Rs. 150 per equity share and accordingly bought back nearly 6.4 lakh shares reducing its equity to Rs 12.87 crore in Q1CY09. It continues to buyback another 6.66 lakh shares, which would further reduce its equity to Rs 12.2 crore. During CY08 RSIL has set up branch offices in Netherlands and Japan.


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