Soffia Software

At #3, this small Chennai-based company is a surprise entrant in the Top 5

financial club. The company’s growth in sales, net profit and gross block on a

small base saw it clinch this high ranking. Soffia Software’s revenues stood

at a meager Rs 13.84 crore and the net profit at Rs 4.12 crore in the year ended

June 2000. However, these grew from a small base of Rs 2.42 crore and Rs 0.62

crore, respectively, notching up a stupendous growth of 472% in revenues and

564% in net profit, placing it in the #1 slot in these rankings. The company’s

gross block jumped by 308% to Rs 11.66 crore, earning it the #2 slot in the

gross block growth segment. Soffia Software improved its performance

exceptionally, more than doubling revenues in the first nine months of financial

year ended June 2001. The company provides services using client server

technology and undertakes projects on a turnkey basis. It has also developed a

number of products in the area of human resources, fixed-asset record

maintenance and mobile computing. While the company demonstrated its ability by

growing well on a small base, its future is challenging as it has to gear up to

effectively mobilize and utilize resources to sustain its fast pace.