Oracle Financial Services Software Ltd


BSE: 532466 | NSE: OFSS | ISIN: INE881D01027 
Market Cap: [Rs.Cr.] 21,768 | Face Value: [Rs.] 5
Industry: Computers - Software - Large

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Board Meet

07-May-13 
Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 07, 2013, inter alia, to consider the following: 1. To approve audited standalone Indian GAAP Financials for the year ended March 31, 2013. 2. To approve audited consolidated Indian GAAP Financials for the year ended March 31, 2013. 3. To consider recommendation of a dividend, if any, on equity shares. Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2013, inter alia, did not recommend any dividend on equity shares for the financial year ended March 31, 2013. (As Per BSE Announcement Dated on 08.05.2013) 
20-Mar-13 
Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee will be held on March 20, 2013, to consider allotment of shares to the eligible employees who have chosen to exercise their options under prevailing Employees Stock Option Schemes of the Company. 
29-Jan-13 
Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 29, 2013, inter alia, to consider approval of unaudited standalone Indian GAAP Financials for the quarter and nine months ended December 31, 2012 (Q3). 
12-Dec-12 
Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company on December 12, 2012, have appointed Mr. Richard David Jackson, as an Additional Director of the Company. He will be a Non-Executive Independent Director. With this, the Company's Board comprises of 8 Directors, of which, 3 are Non-Executive Independent Directors. 
31-Oct-12 
Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2012, inter alia, to consider approval of unaudited standalone Indian GAAP Financials for the quarter and half year ended September 30, 2012 (Q2). 

AGM

17-Aug-12
Oracle Financial Services Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 11, 2012 to August 17, 2012 (both days inclusive) for the purpose of 23rd Annual General Meeting (AGM) of the Company to be held on August 17, 2012. Oracle Financial Services Software Ltd has informed BSE that the 23rd Annual General Meeting (AGM) of the Company will be held on August 17, 2012. (For more details kindly refer Corporate Announcements on www.bseindia.com). (As Per BSE ANnouncement Website Dated on 24/07/2012) Oracle Financial Services Software Ltd has informed BSE regarding the 23rd Annual General Meeting (AGM) of the Company was held on August 17, 2012 under Clause 35A. (As Per BSE Announcement dated on 17.08.2012) Oracle Financial Services Software Ltd has submitted to BSE a copy of Minutes of the 23rd Annual General Meeting (AGM) of the Company held on August 17, 2012. (As per BSE Announcement Dated on 13.09.2012)  
18-Aug-11
Oracle Financial Services Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 13, 2011 to August 18, 2011 (both days inclusive) for the purpose of 22nd Annual General Meeting (AGM) of the Company to be held on August 18, 2011. Oracle Financial Services Software Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on August 18, 2011, inter alia, have passed the following resolutions: 1. Adopted the audited Balance Sheet as on March 31, 2011, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2. Re-appointed Mr. Derek H. Williams and Mr. William T. Comfort, Jr., as Directors liable to retire by rotation. 3. Appointed M/s. S. R. Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM and authorized the Board to fix their remuneration. 4. Authorized the Board of Directors to appoint Branch Auditors of the Company. 5. Appointed Mr Chaitanya Kamat, Mr. S. Venkatachalam and Mr. Robert K. Weiler as Directors, liable to retire by rotation. 6. Approved the appointment and remuneration of Mr. Chaitanya Kamat as the Managing Director & CEO of the Company for a period of three years ending October 24, 2013. 7. Authorized the Board to pay Commission not exceeding 1% per annum of the net profits of the Company, to the Non-Executive Directors of the Company for a further period of five years from April 01, 2012 to March 31, 2017. 8. Authorized the Board to grant stock options to the present and future employees and Directors of the Company and its subsidiaries companies, which could give rise to equity shares of face value of Rs. 5/- each of the Company, not exceeding 12.5% of the issued and paid-up share capital of the Company at any given time. 9. Approved the resolution concerning the retirement of Ms. Dorian Daley and not filling in the vacancy at the current AGM. (As Per BSE Announcement Website dated on 18.08.2011) Oracle Financial Services Software Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on August 18, 2011, inter alia, have accorded to the following: 1. Adoption of the audited Profit and Loss Account for the year ended March 31, 2011, the Balance Sheet as at that date and the Report of the Directors and the Auditors thereon. 2. Re-appointment of Mr. Derek H Williams & Mr. William T Comfort, Jr., as Directors of the Company liable to retire by rotation. 3. Appointment M/s. S. R. Batliboi & Associates, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 4. Authority to Board to appoint Branch Auditors to conduct the audit of branch office(s) of the Company, whether existing or which may be opened hereafter, in India or abroad, in consultation with the Company's Statutory Auditors, any person(s) qualified to act as Branch Auditors within the meaning of Section 228 of the Companies Act, 1956, on remuneration terms & conditions. 5. Appointment of Mr. Chaitanya Kamat, Mr. S Venkatachalam & Mr. Robert K Weiler, as Directors of the Company, liable to retire by rotation. 6. Appointment of Mr. Chaitanya Kamat, as the Managing Director and Chief Executive Officer of the Company, for a period of three years with effect from October 25, 2010 to October 24, 2013, on remuneration terms & conditions. 7. Accorded to the payment of commission to the Directors of the Company (excluding the Managing Director and Whole-time Directors), not exceeding in the aggregate one per cent per annum of the net profits of the Company, which shall be calculated in accordance with the provisions of Sections 198, 349 and 350 of the Companies Act, 1956, such payment to be in such amounts or proportions and in such manner as may be decided by the Board of Directors or the Compensation Committee based on the attendance, participation and the contribution of the concerned Directors or on the basis of such other criteria as may be laid down by the Board of Directors or the Compensation Committee from time to time, and that such commission shall be paid by the Company to such Directors for a period of five years commencing from April 01, 2012 to March 31, 2017. 8. Authority to the Board to create, issue, grant, offer and allot at any time, or from time to time, to the present and future employees and Directors (Whole-time or otherwise) of the Company selected on the basis of a criteria prescribed by the Board in accordance with the SEBI Guidelines (hereinafter referred to as 'the Eligible Employees' which expression shall, unless repugnant to the context, mean and include the present and future Employees and Directors (whole-time or otherwise) of the Company), such number of options as the Board may decide which could give rise to equity shares of face value of Rs. 5/- each of the Company, not exceeding 12.5% of the issued and paid-up share capital of the Company at any given time, on the terms and conditions. 9. Authority to the Board to create, issue, grant, offer and allot at any time or from time to time to the present and future employees and Directors (whole-time or otherwise) of the Company's present and future subsidiaries selected on the basis of a criteria prescribed by the Board in accordance with the SEBI Guidelines (hereinafter referred to as 'the Eligible Employees' which expression shall, unless repugnant to the context, mean and include the present and future employees and Directors (whole-time or otherwise) of the present and future subsidiaries of the Company) such number of options as may be decided by the Board within the limits as prescribed in resolution no. 8 on such terms and conditions. 10. Ms. Dorian Daley, a Director of the Company, who retires by rotation at this Annual General Meeting and who has expressed her desire not to be re-appointed as a Director, be retired and not be re-appointed. (As Per BSE Announcement Website dated on 23.09.2011) 
25-Aug-10
Decided to convene the Twenty First Annual General Meeting (AGM) of the Members of the Company on August 25, 2010. Oracle Financial Services Software Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on August 25, 2010, inter alia, have passed the following resolutions: 1. Adopted the audited Balance Sheet as on March 31, 2010, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2. Re-appointed Mr. Y M Kale and Mr. William T, Comfort, Jr.. as Directors liable to retire by rotation. 3. Appointed M/s S. R. Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM and authorized the Board to fix their remuneration. 4. Authorized the Board of Directors to appoint Branch Auditors of the Company. 5. Appointed Mr. Frank Brienzi, Mr. Joseph John and Mr. William Corey West as Directors liable to retire by rotation. 6. Approved the appointment and remuneration of Mr. Joseph John, Whole-time Director of the Company, in pursuance of Sections 198, 269, 309, 310, Schedule XIII and any other applicable provisions of the Companies Act, 1956. 7. Approved the revision in remuneration of Mr N R Kothandaraman (NRK Raman), Managing Director and Chief Executive Officer of the Company, in pursuance of Sections 198, 269, 309, 310, Schedule XIII and any other applicable provisions of the Companies Act. 1956. 8. Approved the resolution concerning the retirement of Ms. Tarjani Vakil. (As Per BSE Announcement Dated on 25.08.2010) Oracle Financial Services Software Ltd has submitted to BSE a copy of minutes of the Annual General Meeting (AGM) held on August 25, 2010. (As Per BSE Announcement Website dated on 27.09.2010) 
25-Aug-09
Oracle Financial Services Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 22, 2009 to August 25, 2009 (both days inclusive) for the purpose of 20th Annual General Meeting (AGM) of the Company to be held on August 25, 2009. Oracle Financial Services Software Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on August 25, 2009, inter alia, have accorded to the following: 1. Adopted the audited Balance Sheet as on March 31, 2009, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2. Re-appointed Mr. William T Comfort, Jr., Mr. N R Kothandaraman (N R K Raman) and Mr. Derek Williams as directors liable to retire by rotation. 3. Appointed M/s S R Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM. 4. Authorized the Board of Directors to appoint Branch Auditors of the Company. 5. Appointed Ms. Dorian Daley as Director liable to retire by rotation. (As Per BSE Announcement Website dated on 26.08.2009) With reference to earlier announcement dated August 26, 2009 regarding Outcome of AGM, Oracle Financial Services Software Ltd has now informed BSE that the Annual General Meeting of the Company was held on 'August 25, 2009', and not on 'August 26, 2009', wherein the members of the Company: 1. Adopted the audited Balance Sheet as on March 31, 2009, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2. Re-appointed Mr. William T Comfort, Jr., Mr. N R Kothandaraman (NRK Raman) and Mr. Derek Williams as directors liable to retire by rotation. 3. Appointed M/s S. R. Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM. 4. Authorized the Board of Directors to appoint Branch Auditors of the Company. 5. Appointed Ms. Dorian Daley as Director liable to retire by rotation. (As Per BSE Announcement Website dated on 27.08.2009) Oracle Financial Services Software Ltd has submitted to BSE a copy of the minutes of the Annual General Meeting (AGM) of the Company held on August 25, 2009. (As Per BSE Announcement Dated on 21.10.2009) 
22-Aug-08
i-flex Solutions Ltd has informed BSE that the 19th Annual General Meeting (AGM) of the Company to be held on August 22, 2008. i-flex Solutions Ltd has informed BSE that the members at the 19th Annual General Meeting (AGM) of the Company held on August 22, 2008, inter alia, have accorded to the following: 1. Adopted the audited Balance Sheet as on March 31, 2008, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2. Re-appointed Mr. Y M Kale, Ms. Tarjani Vakil and Mr. Charles Phillips as directors retiring by rotation. 3. Appointed M/s. S R Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM. 4. Authorized the Board of Directors to appoint Branch Auditors of the Company. 5. Appointed Mr. Sergio Giacoletto Roggio as Director liable to retire by rotation. Further, Mr. S P Bharucha, who held office as a Director of the Company till the conclusion of this Annual General Meeting and retired by rotation, did not offer for re-appointment and has ceased to be a Director of the Company with effect from on August 22, 2008. (As per BSE Announcement dated on 22/08/2008) Oracle Financial Services Software Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on August 22, 2008. (As Per BSE Announcement Website dated on 20.10.2008) 

EGM

11-Aug-08
i-flex Solutions Ltd has informed BSE that the Board has approved the change of name of the Company from 'i-flex solutions Ltd' to 'Oracle Financial Services Software Ltd' subject to the approval of the members and other necessary approvals. For this purpose, an Extra Ordinary General Meeting of the members of the Company is convened on August 11, 2008. i-flex Solutions Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on August 11, 2008, inter alia, to change the name of the Company from "i-flex solutions Ltd" to "Oracle Financial Services Software Ltd" and that the name i-flex solutions Ltd wherever it appears in the Memorandum and Articles of Association of the Company and other records be substituted by the new name "Oracle Financial Services Software Ltd". (As Per BSE Announcement Website Dated on 18/07/2008) i-flex Solutions Ltd has informed BSE that at the Extraordinary General Meeting (EGM) of the members of the Company held on August 11, 2008, have unanimously approved the special resolution for change of name of the Company from "i-flex solutions Ltd" to "Oracle Financial Services Software Ltd", subject to the approval of the Central Government and other authorities, as may be required. (As per BSE Announcement Website dated on 11/08/2008) i-flex Solutions Ltd has informed BSE regarding the minutes of the Extra Ordinary General Meeting (EGM) of the members of the Company held on August 11, 2008. (As per BSE Announcement Website dated on 18/08/2008) 
12-Sep-06
I-Flex Solutions Limited has submitted to the Exchange a copy of the Notice of an EGM of the Company to be held on September 12,2006. i-flex Solutions Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on September 12, 2006, have authorised the Board to offer, issue and allot 4,447,418 Equity Shares of the Company of face value of Rs 5/- each ("Shares"), (by proposed preferential allotment of 4,447,418 Equity Shares, the total percentage of shares held by the Promoter shall result into increase of 2.61%, i.e., from present shareholding of 40,148,312 Equity Shares (52.46%) to 44,595,730 (55.07%)), on a preferential basis, for cash at a price of Rs 1,307.50 per Equity Share calculated in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (the "SEBI Guidelines"), ranking pari passu in all respects with the existing Equity Shares of the Company, to Oracle Global (Mauritius) Ltd. ("Promoter"), and on such other terms and conditions as the Board may deem appropriate in its absolute discretion, subject to necessary provisions and approvals. (As Per BSE Bulletin Dated on 22/08/2006) i-flex Solutions Ltd has informed BSE that the members at the Extraordinary General Meeting (EGM) of the Company held on September 12, 2006 have approved the resolution for issue and allotment of 4,447,418 equity shares of face value of Rs 5/- each of the Company for cash at the price of Rs 1307.50 aggregating to 5,814,999,035/- on a preferential basis to Oracle Global (Mauritius) Ltd., the Promoter of the Company. (As per BSE Annocement website dated on 12/09/2006) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
TCS 287,708.40 23.90 8.86 18.37 44.6 53.7 0.00
Infosys 134,768.39 15.58 3.74 10.93 27.7 37.5 0.00
Wipro 82,918.58 14.68 3.42 14.72 20.5 23.1 0.22
HCL Technologies 51,283.30 17.59 7.77 11.74 31.3 32.3 0.17
Oracle Fin.Serv. 21,767.76 21.15 2.99 11.51 16.2 23.1 0.00
Satyam Computer 12,915.53 11.72 3.09 4.78 35.7 26.6 0.01
Tech Mahindra 12,224.32 18.73 3.14 12.21 14.9 14.5 0.34
MphasiS 9,236.70 15.07 2.54 9.36 17.4 20.2 0.07
Patni Computer 7,006.46 14.73 2.08 8.41 15.8 18.7 0.00
Polaris Finan. 993.51 5.95 0.91 5.96 19.4 23.0 0.05
Hewlett-Packard 0.11 0.00 0.00 0.00 15.5 19.6 0.00

Futures & Options Quote

 
Expiry Date
2591.15 70.95  [2.7]%
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 2,670.70
Average Price: 2,590.06
No. of Contracts Traded: 202,500
Open Interest: 537,500
Underlying: OFSS
Market Lot: 125
Previous Close: 2,591.15
Day’s High | Low: 2,670.70 | 2,560.05
Turnover (Cr.): 52.45
Open Int. Change: 3,750.00 (0.7% )
View detailed F& O quotes >>

Key Information

Key Executives:

Derek H Williams , Director  

Y M Kale , Director  

Hoshi D Bhagwagar , Company Secretary  

William Corey West , Director  


Company Head Office / Quarters:
Oracle Park Goregaon (East),
Off Western Express Highway,
Mumbai,
Maharashtra-400063
Phone : 91-22-67183000
Fax : 91-22-67183001
E-mail : investors-vp-ofss_in@oracle.com
Web :
http://www.oracle.com
http://financialservices
Registrars:
Link Intime India Pvt Ltd
C-13 Pannalal Silk
Mills Cmpd LBS Marg
Bhandup West
Mumbai - 400 078

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