13th May 2010, 10:46 PM
FirstObject Technologies Ltd (FIRSTOBJ) is a provider of integrated business, technology and process solutions on a global delivery platform.
As part of expansion and diversification strategy with which to expand its operating profit margins, FirstObject forays into e-education.
E-education entry of FirstObject comprises, Virtual classrooms that can be accessed from anywhere, with professional instructors functioning just like traditional education, diverse programs in a variety of disciplines, technical programs that provide real-time training, freedom to enhance skills , real-life application of classroom materials, greater comfort with interactive technologies and work/life balance. Online education is the fastest growing segment of the education field, Students are finding that they can improve their skills, finish their degrees, and improve their earning potential by taking classes from the comfort of home.
The company is headed by Dr. Vivek Hebbar as an independent chairperson, man behind success of other companies like Accentia Technologies Ltd.
The Company acquired 51% of equity stake in Tractel Solutions, Inc. as a part of FirstObject’s de-risking strategy for consistent revenues. This acquisition is going to add stable returns from telecom vertical.
FIRSTOBJECT TECHNOLOGIES LTD (http://www.firstobjectindia.com/
Mkt. Cap.: 55 Crores.
EPS (consolidated) : 6.04
PE : 4.8
Entry into Preschool space:http://www.bseindia.com/xml-data/cor...Ltd_130510.pdf
Keep this company on your Watch list.looks like a good story is developing here.