ABM Knowledgeware Ltd - 38.00 Rs

Promoted by Mr. Prakash Rane in 1993, ABM Knowledgeware Ltd’s (ABM) core competency lies in providing solutions for e-governance and systems integration. Being one of the earliest private sector companies in India to focus on e-governance, ABM possesses over 600 man-years of experience with in-depth domain expertise in computerization of diverse areas like secretariats, administrative offices, urban & rural local self-government bodies like municipal corporations, district administrations etc. The various areas that these solutions cover include file tracking and registry management, grievance redressal & management, utility billing, accounting systems, citizen services etc. This has endowed ABM with a microscopic view of the functioning of government officials right from Patwaris & Gram Sevaks to Chief Secretaries and Ministers. Moreover it has now got an in-depth understanding of the grass-root needs of citizens as well as administrators. Notably, ABM is having presence in Maharashtra, Goa, Gujarat, Karnataka, Andhra Pradesh, Madhya Pradesh, Delhi (North India) in India and Middle East, South Africa overseas

Today ABM boasts of executing several e-governance project right from conceptualization to implementation and ensuring its continuity. Company has pioneered the concept of Citizen Facilitation Centre (CFC™) in the state of Maharashtra by successfully providing time bound service delivery to citizens in municipal corporations, district collectorates and zilla parishads. It is also one of the few companies in India that has developed ready-to-deploy, customizable e-governance products / solutions for vital generic functions. Its suite of e-governance products and solutions offer an excellent opportunity to administrators for rapid implementation of e-governance solutions. Some of its popular, successful & award winning products are:

· ABM MOIS 2000 ™ : for monitoring & tracking movement of any file/letter in Govt/Semi-Govt offices.

· ABM CARE ™ : helps any organization to monitor the status of complaints received by them as well as ensuring time bound Redressal of the same

· ABM MAINET ™ : flag ship product for complete computerization of Municipal Corporation & Councils.

· ABM CFC ™ : e-governance solution for rendering more efficient & effective service to citizens in Municipal Corporations, Collectorates, Zilla Parishads, Hospitals, PSUs etc.

· ABM AQUA ™ : for Water Billing, Receipt & Accounting, useful for Water Boards & Local Bodies like Municipal Councils/Corporations.

· ABM SWS ™ : for time bound processing & delivery of various certificates / Licenses / Permits at District Collectorates & Tehsils

One of the mainstays of ABM's products and solutions is their total bilingual nature i.e. solutions which not only have bilingual user interfaces, but provide the functionality of data entry, capture, storage, retrieval and display of all data in bilingual mode, across a variety of technology platforms. It has been awarded the ISO 9001:2000 certificate for quality management system in design, development, implementation, maintenance and technical support of software. To address the growing need for security in software solutions and on-line transactions, ABM has tied up with Verisign, the global leader in e-security solutions. Besides it has partnered with leading technology companies like Microsoft, Oracle, IBM, Sun-Solaris, SCO, Unix, Safescrypt etc.

Apart from generic e-governance solutions, ABM is developing Strategic Business Units focused on revenue earning areas like urban administration, utility and ERP by inducting experienced professionals and laying down quality processes. The need for ERP has also been increasingly felt by the e-governance customers due to several advantages of the packaged software like ERP over the be-spoke software development approach. Hence, ABM has effectively leveraged its domain expertise by working closely with SAP and Oracle for developing this market. To sum up, ABM’s strength as a e-governance solution provider lies in software development, project management, domain knowledge, citizen service delivery experience, institutionalization of IT & systems integration. On the back of bold initiatives and huge allocation/spending on e-governance by various govt bodies, the future prospect of ABM is very encouraging. Considering the stunning performance for the first three quarters and robust order book position, ABM is expected to register a topline of around Rs 30 cr and bottomline of around Rs 7 cr. This works out to an EPS of Rs 7 on equity of Rs 10 cr. Investors are advised to buy at declines for a price target of Rs 60 (i.e. 50% return) with in a year.

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