Geodesic was founded, by Mr. Pankaj Kumar, Mr. Kiran Kulkarni, Mr. Prashant Mulekar and Mr. Mahesh Murthy, in the year 1999. Geodesic operates in a niche area of developing various innovative products in the information, communication and entertainment space.
Geodesic's product-list is versatile and all-encompassing when it comes to offering choice of communication and collaboration solutions to its users, whether it is the inherently simple hand-held Simputer to web-based mobile & wireless applications to the intricately complex Engage Spyder applications.
Geodesic's mix of innovative products and high performance solutions has driven the company to profit right from it's first year. Focusing its inventive capabilities across all aspects of communication and collaboration the company is widely recognized for its pioneering universal instant messaging system (www.mundu.com).
The company offers its products and services under the "Mundu brand name for the retail segment. Geodesic is widely recognized for its scalable content, contact management, presence, real-time communication and collaboration platform. The company has effectively used the above platform to build and deploy innovative front-end applications, viz. Mundu Instant Messenger(IM), Mundu Radio, Mundu Speak, Montage, etc., for the retail segment. Mundu IM has been recognized as one of the top 10 applications and has been used by more than 7% of the iPhone users.
Interestingly, the same platform has been used to build and deploy enterprise applications viz. Content indexing and referencing, Customer Alignment Relationship Management(CARM) and real-time communication and collaboration. Geodesic has built all of these products across desktops and mobile phones.
Geodesic's commitment to integrate different aspects of electronic communication is reflected in the line of products and their utility value to consumers: |
Geodesic has been on an acquisition spree over the last three years. In 2005 alone, it acquired three companies, Picopeta Simputers, a Bangalore-based company, Engage Solutions, a Hong Kong-based company and a majority stake in Clangula IT of Sweden. Geodesic acquired a web developing company, E Dot Solutions and a 60 year old children magazine - Chandamama, in 2007.
Moreover, in January 2008, the company raised USD125 mn, by issuing FCCBs, to fund future acquisitions. Geodesic's current customer base consists of more than 95 enterprise customers and over 8.2 lac retail customers.
Geodesic is all set to contribute significantly to the wave of Convergence by launching innovative world class products such as the Geodesic IP phone that operates across different platforms of landlines, mobile phones & desktops/laptops that will work on all prevailing internet connections and will help users save 75-80 % on long distance calls.
Geodesic's talented staff of more than 400 employees ensures innovation, utility and ease of use. The combination of a highly competent team and state-of-the-art tools enhance the development of future-proof, useful business solutions.
Geodesic is a proud recipient of several international awards including Deloitte Touché Tohomatsu Fast 500 Asia Pacific for four consecutive years, Deloitte Touché Tohomatsu Fast 50 India in 2005 and Red Herring 'Top World 100' small cap technology companies for 2005.
Geodesic is a publicly traded company on both India's major Stock Exchanges: the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). In its quest to attain market leadership, Geodesic has also set up offices in the US, UK, Sweden, Mauritius, Germany and Hong Kong with the head quarters in Mumbai, India. |
REVIEW OF OPERATIONS AND FUTURE OUTLOOK Your company had a successful fiscal 2008 and directors are pleased to report excellent performance for the year under review. We continued to build exceptional market opportunities, broadened customer base and exerted to create a global community without barriers across platforms, devices and operating systems as best we can. The year gone by was very dynamic and encouraging. Your Company has been privileged to be associated with MIO Technology Limited, a leading maker of GPS devices as the latter has opted Mundu IM to be pre-loaded onto the Mio Digiwalker A702 GPS PDA Phone which was launched in September 2007. During the year under review, your Company along with Gothenburg Post, Sweden has launched GP-Qrir, an interoperable Instant Messenger on the desktop and mobile platform. The evolved capabilities of Mundu IM V4 has been introduced on Windows Mobile based Pocket PC devices, popular Sony Ericsson phones and iPhone Edition for the Apple iPhone and thus enable its users to have access to seamless chat across leading IM services AIMr, MSNr. Yahoor, and Google Talkr - all through a single chat window. Geodesic Mundu Radio scaled new peaks by achieving Symbian Signed status for latest Nokia Smartphones. Geodesic signed an agreement with loWorld Media, one of the worlds largest internet radio stations to offer access to Internet radio stations as presets on its Mundu Radio. The synergy with to World Media will not only allow Mundu radio users to enjoy high quality mobile music experience but also bestow on them a large selection of music leading to a new era in mobile entertainment. Geodesic along with IDEA Cellular jointly launched "IDEA Radio" - a breakthrough technology, designed and optimized tor mobile operations, enables IDEAs 20 million subscribers to seamlessly tune into a range of exciting entertainment channels. AWARDS AND RECOGNITIONS Your Company has won several accolades and recognition during the fiscal 2008. Its Mundu Radio won the CNET "Webware 100" Award for the Mobile Category. Winning this award in the Company of high caliber nominees such as google and yahoo proves the merit of our products. Additionally, PC Magazine-a renowned technology Magazine has rated Mundu IM V4 as one of the top 1 2 mobile applications in 2007. Munduspeak won Product of the year awards 2007-for innovative communication solutions awarded by TMCnet-Technology Marketing Corporation. Geodesic has reoriented itself to stay focused on providing users the power to communicate with family, friends and colleagues, efficiently over cost effective and preferred medium, access to data at home, office or on the web or simply tune into more than one lakh music streaming channels. Your management feels that the ensuing year will be full of ventures and adventures. The time to come should assure us in our business growth as well as creating an international brand.
it has an equity of 18.44 cr and posted netprofit of 211 cr for nine months and paid 40% interiam dividend. currently it is 50rs . and company is going to buy back of 25%equity. public holding 8.5% expecting 250 cr for full year (135e.p.s) face valu 2.rs i.e (27 e.p.s)
BUY FOR A TARGET OF 75RS IN A TWO MONTHS TIME
| Toonz to give life to Chandamama Stories |
| Technopark based Toonz Animation India Pvt Ltd and Chandamama India Limited has decided to join hands in producing a full-length animated feature film based on a prime property from the library of Chandamama. Toonz will undertake the entire production based in its state-of-the-art studio in Technopark and will finance 100% of the production cost. The estimated budget of the film is pegged at around 20 Crores.
“Chandamama stories still linger in the minds of generations. The beauty of these stories lies in their simplicity and the socio cultural values they try to communicate. The animated film will be a perfect platform to provide today’s youth both engaging and educative entertainment,” quipped P.Jayakumar, CEO of Toonz Animation.
Legendary filmmakers B. Nagi Reddi and his friend Chakrapani conceptualized Chandamama in early 1947 and since then the company has been publishing stories in print as well as electronic media in 14 languages. The library of Chandamama has over 15,000 exclusive stories.
Commenting on the relationship with Toonz, L Subramanyan, CEO of Chandamama said, “Over the last 60 years, millions of Indians have grown up with Chandamama. The Association with Toonz and the proposed animated film will help us reach out to the current and future generations of young people and deliver the message across the new and emerging platforms”.
About Toonz Animation
Toonz, a major provider of animation to the top US and European producers, is South Asia’s most admired animation studio and part of the international business conglomerate, Comcraft Group, based out of Geneva. Founded in 1999, the client list of Toonz includes the biggest names in media and entertainment industry like Marvel, Hallmark, Paramount, Disney, BBC and Cartoon Network. Toonz Animation offers its world-wide clientele end-to-end animation services including 3D animation, 2D animation (digital and traditional), Flash, Stop Motion and VFX on a full spectrum of media platforms. The Animation Magazine has heralded the company as one of the top-ten multimedia studios in the world. The sprawling, 18,000 sq ft state-of-the-art studio is based in the electronic city of Technopark in Trivandrum. Over 500 artists work in this facility staffed with top creative professionals from across the world, including Philippines, Singapore, Canada, USA and India. Toonz also runs its animation training division ‘Toonz Academy’ in Mumbai, Delhi, Hyderabad, Nagpur, Indore, Ahmedabad, Calicut and Trivandrum.
About Chandamama
Chandamama was conceptualised by legendary filmmakers B. Nagi Reddi and his friend Chakrapani. Their reason for launching Chandamama was to familiarise the post-Independence generation with Indian tradition, folklore, mythology and history in the form of stories. From its inception in 1947, Chandamama has created over 15000 stories and is the only magazine published simultaneously in over 12 different languages, including Sanskrit and Santhali.
Chandamama has recently been acquired by the Bombay-based Geodesic. Incorporated in 1999, Geodesic is a publicly traded company with offices in the US, UK, Sweden and Hong Kong. The company has developed the popular universal instant messaging system Mundu www.mundu.com). The Mundu products successfully combine AIM, Google Talk, ICQ, MSN and Yahoo. Over six million users worldwide communicate through the various mundu products. Geodesic is the only Indian company to be included in the Red Herring Small Cap 100 list. Chandamama announces the launch of 'Ramayana', an epic journey The Board has approved the proposal of buy back Company´s USD denominated Zero Coupon Convertible Bonds.
Q3- NOTES :-
. The Board has also approved the proposal to buyback of 25% of the Equity capital of the company through open offer through stock exchanges. The Board has authorized a committee consisting of members of the Board to take steps to implement the buy back.
. Geodesic launched a Beta version of Mundu SMS – an IP based two way SMS service for a wide range of mobile handsets and desktops/laptops. Mundu SMS can be used in India, Asia-Pacific, Europe and South America and saves
messaging costs between 60% - 90%.
. During the third quarter, Geodesic signed a teaming agreement with ITI Ltd to promote Video/Voice over IP on desktops, IP phones, mobile phones and Amida10K Simputer to cater to various State Government E-Governance projects in India.
. Glodyne Technoserve Ltd and Geodesic Ltd have signed a teaming agreement to include Geodesic´s Amida 10K Simputer as part of Glodyne´s solution for Public Distribution System for various states in India.
The company has added diverse customers during the third quarter in the space of portals, Banking and Financial services, System Integrators, Portals and Publishers and Telecom Carriers including, Edelweiss Capital Ltd,
Systematix Shares and Stocks (I) Ltd, First Global Stock Broking Pvt Ltd, Business Standard- a leading financial publication in India, Dialog Telekom - Sri Lanka Plc, one of Japan’s large Telecom Carrier.
. Geodesic added 223700 users for Mundu products and clocked an average of 60,000 minutes a day during the last quarter.
. During the third quarter, the marketing expenses to create a retail brand have risen and are expected to rise further in the coming quarters owing to new products & services being launched in the retail space. Geodesic has
signed with a Global Creative Agency - Wieden + Kennedy and are head quartered in the US.
Geodesic Holdings Ltd, wholly owned subsidiary of Geodesic Ltd has signed a Share Purchase Agreement to acquire 100% of a privately held software company, headquartered in Uruguay. The company focuses on developing advanced messaging and collaboration solutions for Telcos and have implemented their solution across 12 carriers in Latin America, South Africa and Asia.
During the quarter, Chandamama India Ltd (Chandamama), a subsidiary of the Company had a rights issue of 36,95,325 equity shares of Rs 10/- each at par and the same was subscribed 95.53%.
During the quarter, Chandamama launched Ramayana by Swami Sukhabodananda. The launch signifies the first time the Ramayana is being published in an illustrated book format as a single book.
Chandamama has signed MOU with Technopark based Toonz Animation India Pvt Ltd for producing a 70 minute, full-length animated feature film. |
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Please suggest the very short time gain shares
ReplyDeletewhat will be the fate of geodesic?
ReplyDeletedo you still recommend a buy?