Summary
Datamatics Technologies (DTL) has been promoted by Dr Lalit S Kanodia, and Mrs Asha S Kanodia. Dr Kanodia 62, chairman, received his B. Tech (Hons), from IIT, Mumbai. He completed his MBA and then Ph.D. in Management from the Massachusetts Institute of Technology, US. He taught statistical decision theory at MIT during 1964-1965. He is an international consultant and has extensively traveled worldwide for over three decades. He has held the post of consultant to the Ford Motor Co and Arthur. D. Little, US. Prior to founding the Datamatics Group, Dr. Kanodia worked with Tata Consultancy Services and held overall charge of the organization during the period 1968 to 1969. DTL gets about 49% of its business from top five clients. Though this is lower compared to 72% and 63% in FY 2002 and FY 2003, respectively, the contribution from a single client has been on the rise. Cadmus, the companys top client, which accounted for 19% and 17% of the revenues in FY 2002 and FY 2003, respectively, was responsible for a phenomenal 26% rise in revenues for the nine months ended December 2003. The other four are Ford, Pearsol, Daimler Chrysler and Reedelservier. More than 90% of the sales come from the US. Dependence on a few, all from dollar country, is a matter of serious concern.In June 2003, DTL formed a joint venture with Cadmus (its largest client), called KGL. DTL holds only 20% stake in KGL, with Cadmus holding the balance 80%. The transition process of transferring the existing... Read More
Reports by Datamatics Global Services Ltd
Reports by Datamatics Global Services Ltd
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