Subex Systems

Bangalore-based Subex Systems is ranked #30. The telecom-focused product and services company has gradually improved performance as its products have begun to penetrate the market. Subex reported revenues of Rs 70.01 crore and a net profit of Rs 9.64 crore, up 18% and 116% respectively over the previous year. The gross block declined 1% to Rs 16.93
crore.

Subex is ranked #35 in sales, #29 in profit, #15 in sales growth and #5 in profit growth. It provides services in the areas of telecom applications, network management, quality of service measurement, switch interface, call simulation and other systems software. Its major product, launched two years back, is a fraud management software called Ranger. According to the company, Ranger has the second-largest installed base globally with 26 customers and 59 networks. While its services business is mostly onsite and is expected to report marginal growth, the company’s product business is expected to drive profitability. Subex expects 14% topline growth and 80% bottomline growth in fiscal 2004, which would certainly takes its rankings higher.