GSS Infotech

Last updated

GSS Infotech
Company type Public
BSE:  532951
NSE:  GSS
Industry Information technology
Founded(1999)
Headquarters Hyderabad, India
Area served
Worldwide company
Key people
  • Bhargav Marepally (CEO|Chairman)
  • J.R.Nagajayanthi Das, Padmarao G.S. Lakkaraju, A.Prabhakara Rao ,Ram Babu Kaipa, Saikiran Gundu(Directors)
Number of employees
103 (March 2021 - Annual Report 2020 - 2021)
Website gssinfotech.com

GSS Infotech (formerly "GSS America") was established in 1999, as an information technology company headquartered in Hyderabad, India. The company provides services related to cloud computing, remote infrastructure management, virtualization, application management, and other services.

Contents

GSS Infotech has offices in Connecticut, New Jersey and Hyderabad.

History

GSS Infotech was formed in 1999 as "GSS America". On 10 March 2011, the company was renamed "GSS Infotech". [1] [2] GSS Infotech offers services primarily to telecommunication, banking and financial services, insurance, healthcare, retail, and government organizations. In 2006, the company established a Global Delivery Center in Hyderabad, India and became a CMMI Level 5 company in 2011.

In November 2010, GSS America Infotech Ltd. acquired US based companies with revenues of $30 million to increase its portfolio. [3] [4]

In GSS Infotech's annual meeting in December 2010, the company passed the resolution to raise around Rs 337.50 crore ($75 million) by means of foreign currency convertible bonds, American Depository Receipts or other instruments. [5]

Revenue

GSS Infotech net profit rose by 0.40% to Rs 2.50 crore in the quarter ended December 2010 as against Rs 2.49 crore during the previous quarter ended December 2009. The sales increased by 71.88% to Rs 17.79 crore in the quarter ended December 2010 in contrast to Rs 10.35 crore during the previous quarter ended December 2009. [6]

GSS Infotech net profit rose by 70.73% to Rs 2.80 crore in the quarter that ended March 2011 as against Rs 1.64 crore during the previous quarter. [7]

Acquisitions

Recognition

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References

  1. ↑ oneindia. "GSS America - Change of Name of the Company".[ permanent dead link ]
  2. ↑ capital4. "GSS America Infotech changes its name". Archived from the original on 28 March 2012.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ↑ Sulekha Money. "America Infotech to buy 30 million revenue companies in US".[ permanent dead link ]
  4. ↑ NDTV Profit. "GSS America Infotech buying 30 million revenue companies in US".
  5. ↑ The Hindu Business Line. "GSS Infotech gets nod to raise Rs 337 crore".{{cite web}}: |author= has generic name (help)
  6. ↑ edelweiss. "GSS America Infotech net profit rises 0.40% in the December 2010 quarter".
  7. ↑ edelweiss. "GSS Infotech net profit rises 70.73% in the March 2011 quarter".
  8. ↑ Infospectrum Consulting Inc. "GSS America acquires Infospectrum Consulting".[ permanent dead link ]
  9. ↑ Free Press Release. "Infospectrum Consulting Adopts GSS Infotech Brand".
  10. ↑ Capital Market. "GSS America Infotech - Acquisitions drive growth". Archived from the original on 28 March 2012.
  11. ↑ Bloomberg. "ATEC Group to Contribute to Growth of Capital Region Economy".
  12. ↑ The Business Review (11 November 2009). "Global software company acquires Colonie's ATEC Group".{{cite news}}: |author= has generic name (help)
  13. ↑ R K Global. "Investment Strategy: Importance of siblings". Archived from the original on 28 March 2012.
  14. ↑ Velocé. "Velocé Group has become GSS Infotech".
  15. ↑ Businessline (15 October 2018). "GSS Infotech acquires Nexii Labs".{{cite web}}: |author= has generic name (help)
  16. ↑ TheHinduBusinessline (6 December 2021). "GSS Infotech to acquire Polimeraas for ₹250 crore".{{cite web}}: |author= has generic name (help)
  17. ↑ The Economic Times (11 September 2009). "20 Indian cos in Forbes 'Best Under A Billion' list". The Times Of India.
  18. ↑ Hindustan Times. "20 Indian companies in Forbes 'Best Under A Billion' list". Archived from the original on 25 January 2013.
  19. ↑ Forbes (1 September 2010). "Asia's 200 Best Under A Billion". Archived from the original on 3 March 2016. Retrieved 28 August 2017.
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