Company Profile For Financial Technologies (India) Limited

Financial Technologies (India) Limited (FITE.BO) (Bombay Stock Exchange)

sector: Financials · industry: Investment Services ·

As of 1:17pm IST

1,391.00INR

Price Change

+13.25

Percent Change

+0.96%

Analyst Recommendations

Overview

Financial Technologies (India) Limited is an India-based company. The Company offers technology intellectual property (IP) and domain expertise to create financial markets that are transparent and liquid, across all asset classes including equities, commodities, currencies and bonds. The Company has network of 10 exchanges connecting the economies of Africa, Middle East, India and Southeast Asia. The business of the Company is structured into three streams, including STP technologies/solutions, exchange based revenue and storage and allied services. Its subsidiaries include IBS Forex Ltd., TickerPlant Ltd, National Spot Exchange Ltd. and Global Board of Trade Ltd. In February 2009, the Company incorporated a wholly-owned subsidiary, Boursa India Ltd.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Financial Technologies (India) Limited's revenues increased 19% to RS3.16B. Net income decreased 72% to RS2.46B. Revenues reflect an increase in income from STP technologies and storage & allied services segments of the group. Net income was offset by an increase in employee costs, a rise in depreciation expense, higher rental expense and a decrease in other income.

Company Address

Financial Technologies (India) Limited
Boston House, 6th Floor
Suren Road, Chakala
Andheri ( East)
Mumbai 400 093
P: +9122.67099600
F: +9122.67099066