Blue Star Infotech Ltd - BLUE STAR INFO. Share Price

Summary

Blue Star Infotech Ltd., a part of Blue Star Group, a Rs.7,500 Million conglomerate that has interest in airconditioning and refrigeration and distribution of hi-technology professional electronics equipment, is in the business of providing software services. Originally Blue Star Infotech Ltd.(BSIL) commenced its software services business operations in 1983 as a division to support Hewlett-Packards computer business for which it was the exclusive distributor for India. Based on its initial success, it attracted many Fortune 500 and hi-technology clients. In 1990, the division acquired a marketing entity in Silicon Valley in the U.S., USIN International Inc., to sell its software services. This initiative led to the development of a number of long-term business relationships with North American customers. The $160 million company enjoys technical alliances with world leaders like HP,York International,Heatcraft,Juniper Networks,Kopak,Tenney all US based companies. Toward the end of the nineties, with the growing success of the Indian software industry, it started becoming increasingly challenging to retain talented consultants in a software activity within a large conglomerate. Hence management decided to spin off this business into a separate company. Blue Star Limiteds International Software Division was thus spun off in April 2000, and rechristened Blue Star Infotech Limited.BSIL, now has several Fortune 500 and hi-technology clients and has been providing services... Read More