ACCEL FRONTLINE (proposes to enter the capital market with an initial public offering of 5 million equity shares)

ACCEL FRONTLINE (proposes to enter the capital market with an initial public offering of 5 million equity shares). Check it out:

(India Business Insight Via Thomson Dialog NewsEdge) Accel Frontline of Chennai proposes to enter the capital market with an initial public offering (IPO) of 5 million equity shares of Rs10 each for a premium to be decided through the book building process.

Click here to learn more about e911 and its impact on VoIP

Click Here to Learn How You Can Profit from IP Communications. Live, in Person at INTERNET TELEPHONY Conference & EXPO West 2006 in San Diego.

IPTV is coming fast. Educated service providers will reap profits first. Learn how at FierceMarkets' IPTV Evolution Workshop this fall.

Get Your IMS Education from The Expert Team at INTERNET TELEPHONY Magazine and TMCnet. This Fall in San Diego at IMS Expo.

It proposes to utilise the proceeds from the issue to expand its global and regional operations, for acquisitions/alliances, to improve its enterprise software solution (ESS) and business processes outsourcing (BPO) infrastructure, for partial clearance of debts and for increasing its working capital. Accel Frontline, of the Accel group, is a provider of information technology (IT) services specialising in consulting, infrastructure, software applications and support services.

It operates through 4 strategic business units (SBUs) - information technology (IT) infrastructure solutions (IS), IT infrastructure management services (IMS), enterprise software solutions (ESS) and business processes outsourcing (BPO). Accel has entered into tie-ups with Oracle, IBM and Microsoft to offer services around their software.

It has its regional offices in Bangalore, Chennai, Mumbai, Kolkata, Ahmedabad, Delhi, Kochi, Hyderabad and Pune, and support centres at more than 100 places.

It has also set up 2 subsidiaries in Singapore and the United Arab Emirates (UAE).

It also has a presence in China, Malaysia, Thailand, Hong Kong, Taiwan and the Philippines. It made a turnover of Rs170 crore and a net profit of Rs8.99 crore in 2005-2006.

Copyright 2006 Silverline Information Systems Pvt. Ltd. Source : Financial Times Information Limited

The opinions and views expressed in comments, blogs, etc. are those of the authors alone and not necessarily those of TMC, TMCnet, or its editors. TMCnet reserves the right to edit, delete, or otherwise make changes to the content that appears on these pages at its own discretion and as it deems necessary.

September 23, 2006 6:30 AM

Listed below are links to sites that reference ACCEL FRONTLINE (proposes to enter the capital market with an initial public offering of 5 million equity shares):