Aptech

This Mumbai-based IT education major and software services

company slips 11 notches, from #10 rank to #21 this year. One of the leading

players in the IT education segment, Aptech provides the entire gamut of

software training services, starting from the very basic to the high-end,

including courses on graphics. The company also provides software services in

the area of Internet and e-commerce. It has launched IT training on the Net and

an ASP portal, BconnectB.com. Aptech reported revenues of Rs 466.34 crore in the

year ended December 2000, 27% higher than the previous year. Net profit spurted

60% to Rs 81.54 crore, while gross block was Rs 269.34 crore, up 79%. Aptech

retained the #8 position in sales, while being ranked at #11in profits and #7 in

gross block. Its modest growth rate in revenues, profits and gross block was

largely responsible for the fall in ranking. Aptech is ranked at #42 in sales

growth, #30 in profit growth and #18 in gross block growth. The company is

currently restructuring operations by hiving off software services into a

separate company and merging it with group entity Hexaware. Post-restructuring,

the software services and education would become two different entities trading.

The move is aimed at better valuation and increased focus on software services.

The company raised $75 million via the GDR route and acquired US-based Specsoft

Consulting.