Saven Technologies Ltd Company Summary

Saven Technologies Limited was initially incorporated as Pennar Infotech Limited on May 10, 1993. It was subsequently changed to Saven Technologies Limited in the year 2000-01. The Company offers a full range of software services from end to end development of new software and web solutions, Enterprise Application Services, to re-engineering and enhancement of legacy applications, application integration and ongoing maintenance.In 1998-99, it setup a Sun Authorized Java Training Center.

To undertake onsite software projects, it has entered into Joint Ventures in USA and UK. Also, various offshore projects in Visual Basic, C++, VC++, smalltalk and java have been executed.Saven Technologies is coming out with a public issue of 36 lakhs equity shares of Rs 10/- each at par opening on 7th Dec. 2000.

The company in order to expand its operations has planned to setup Software Development Centers in USA and UK. The offshore development center at Hyderabad is also being upgraded by infusing state-of-the art infrastructure. The Joint Venture in USA will be mainly focusing on E-Commerce Application products in Finance and Trading.

The total project cost is estimated to be Rs 7.59 cr.Presently the company is working in the area of wireless applications and is developing software for mobile phone dialing, voice synthesis and activation. For its expertise in Visual Basic and its object orientation with COM and DCOM, it has achieved the status of Microsoft Solution Provider.For the year ended Mar. 2000, the company earned a Net profit of Rs 1.15 cr on a Sales of Rs 6.95 cr and for Mar.

1999, it earned a Net Profit of Rs 0.80 cr on a sales of Rs 3.08 cr respectively.A U K based Traning Partner Symbian Ltd was selected by the company to provide training in developing products and applications for the Symbian wireless platform. The company made joint ventures namely, Saven Technologies U S and Penrillian Ltd U K,and these joint ventures will now focus on promoting and enhancing the Companys presence in areas such as Internet Application, Client Server Technology, Application Maintenance, Embedded Systems, Systems Integration Software, Onsite/Offshore Development of Projects/Products, Wireless Technologies and other activities in the global market.During year 2001-02, Saven Technologies, Inc. U.S.A., became a subsidiary of the Company.

Penrillian Limited, a Joint Venture in U.K. between the Company and TriReme International Limited, U.K., and a renowned technologist was set up for carrying on the business of software development for wireless information devices. The Company implemented Mobile Computing Solution for one of the Unit Offices in 2003-04.

Saven Technologies Inc., ceased to be the subsidiary of the Company since the FY 2014-15 the Company had disinvested its entire holdings in the subsidiary.During the year 2024-25, Company has commenced developing a Software kit for Fintech companies.