Aztec Software and Technologies  

For Bangalore-based Aztec, its highest ever-annual growth at 430% during the Y2K boom is a distant memory. After that, it has been downhill all the way with fiscal 04 showing third straight year of negative growth. The trauma of another leadership change as V Chandrasekaran took over in January was palpable, coupled with lack of reliable long-term clientele in the Internet middleware space. Profitability fell from 9% to just over 3%.