nucleus software exports limited ( nse : nucleus ) is an indian global it products and solutions company serving the banking and financial services sector for the past 27 years .

it offers wide range of it solutions and consultancy services serving a variety of sectors of the banking industry .

it is listed on the bombay stock exchange and the national stock exchange of india .

the company has its headquarters in noida , uttar pradesh , india , and it operates in more than 50 countries .

nucleus software exports

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nucleus software exports ltd recommends dividend of rs . 8 . . . . . .
you can view full text of the director ' s report for nucleus software exports ltd .
nucleus software exports limited ( consolidated ) includes the parent company , nucleus software exports ltd . ( the company ) and its subsidiaries and branches worldwide , collectively referred to as group .
the company history page lists out the major events in chronological order for nucleus software exports ltd .
nucleus software : nucleus software announces q3 fy 2018 results , revenue grew at 13 . 8 % yoy
nucleus software exports disclosures under reg . 29 ( 2 ) of sebi ( sast ) regulations , 2011
nucleus software exports ltd board to consider first quarter results on july 17 , 2018 . . . . . .
nucleus software is a provider of lending and transaction software for banks and financial institutions . nucleus software was founded in 1986 . nucleus software ' s headquarters is located in noida , uttar pradesh , in 201307 . nucleus software ' s ceo , vish . . .
2014 nucleus software win the asian banker technology implementation awards 2014 for
best lending platform implementation . nucleus software exports ltd won the best corporate governance – india – 2014 .
management ' s discussion and analysis of financial condition and results of consolidated operations of nucleus software exports ltd . and subsidiary companies
* nucleus software exports ltd - sept quarter net profit 136 . 8 million rupees versus profit 45 . 4 million rupees year ago
nucleus software is a provider of lending and transaction software for banks and financial institutions . nucleus software is a public company . vishnu r . dusad is the ceo of nucleus software and has an approval rating of 63 from owler members . nucleus software ' s main competitors are nextgen , rubik and sandstone technology . nucleus software has 1 , 996 followers on owler .
nucleus software exports limited is an indian global it products and solutions company serving the banking and financial services sector for the past 27 years .
nucleus software ' s ceo , vishnu r . dusad , currently has an approval rating of 63 % . nucleus software ' s primary competitors are
2012 nucleus software ' s finnone ranked best selling lending solution across the globe . nucleus software ranked the best for online annual report by ir global rankings
owler has collected 10 screenshots of nucleus software ' s website since may 2014 . the latest nucleus software website design screenshot was captured in jan 2018 .
nucleus software exports limited ( standalone ) which excludes the performance of subsidiaries of the company has been discussed in the earlier part of this annual report .
nucleus software exports limited ( consolidated ) including performance of subsidiaries of nucleus software , discussed in this chapter . this consolidated presentation is more relevant for understanding the overall performance of the group especially as intercompany transactions are eliminated being contra .
nucleus software currently has 804 followers on twitter . as of december 2014 nucleus software had 426 followers . that ' s a 88 percent increase in 3 years
nucleus software exports limited ( standalone ) which excludes the performance of subsidiaries of the company , has been discussed in the earlier part of this annual report .
nucleus software conferred the best independent software vendor ( isv ) partner ( north india for 2008 ) award by ibm .
nucleus software awarded for being the fastest growing isv in 2007 by oracle corporation .
nucleus software ' s q3 net soars 90 % at rs 23 . 38 cr
nucleus software ' s q2 net up 8 % at rs 10 . 94 crore
nucleus software recognized under “best practices” for performance management system by nasscom , 2008 .
software exports limited ( consolidated ) which also includes performance of subsidiaries of nucleus software . this consolidated presentation is more relevant for understanding the overall performance of the group especially as intercompany transactions are eliminated being contra .
nucleus software ' s q1 net profit up 4 % at rs 11 . 65 crore
nucleus software limited , india . 10 , 000 , 000 equity shares of 10 each
less : provision for diminution in value of investment in nucleus software inc . , usa
nucleus software currently has 5 , 212 fans on facebook . as of february 2015 nucleus software had 3 , 605 fans . that ' s a 44 percent increase in 3 years
2011 nucleus software wins gold shield for excellence in financial reporting , 2010 by institute of chartered accountants of india ( icai )
.
nucleus software ' s finnone is world ' s no . 1 leading software for the third consecutive year
nucleus software ranked amongst top 5 indian companies for corporate governance
nucleus software recognized under
best practices
for performance management system by nasscom , 2008 .
nucleus software japan kabushiki kaisha , japan . 200 equity shares of jpy 50 , 000 each
nucleus software blog
frictionless
onboarding for corporate customers - reality or a . . .
nucleus software blog revised payment services directive ( psd2 ) : pipeline to european . . .
nucleus software exports ltd . , incorporated in the year 1989 , is a small cap company ( having a market cap of rs 1120 . 83 crore ) operating in information technology sector .
nucleus software ranked amongst india ' s top 15 exciting emerging companies to work for by nasscom .
nextgen is the biggest rival of nucleus software . nextgen is headquartered in north sydney , new south wales , and was founded in 1993 . nextgen generates 28 % the revenue of nucleus software .
* nucleus software exports ltd - sept quarter total income from operations 956 million rupees versus 846 . 8 million rupees year ago source text - ( urltoken ) further company coverage : ( bengaluru newsroom )
software exports limited ( standalone ) which excludes the performance of subsidiaries of the company , has been discussed in the earlier part of this annual report .
nucleus software conferred with oracle partner of the year award in fusion middleware category at an apac level .
nucleus software netherlands b . v . , netherlands . 4 , 000 equity shares of euro 100 each
nucleus software , a leading lending and transaction banking solutions provider , today announced that . . . .
nucleus software , the leading provider of lending and transaction banking solutions to the global fin . . .
nucleus software announced its financial results for the quarter and nine months ended 31st december , . . .
nucleus software australia pty . ltd . , australia . 100 , 000 equity shares of aud 1 each
nucleus software solutions pte . ltd . singapore . 625 , 000 equity shares of s $ 1 each .
nucleus software , the leading provider of lending and transaction banking solutions to the global fi . . . .
( the paypers ) nucleus software has announced the latest version of its transaction banking solution c . . .
nucleus software inc . , usa . 1 , 000 , 000 shares of us $ 0 . 35 each
nucleus software limited , india . 10 , 000 , 000 equity shares of rs . 10 / - each
less : provision for diminution in value of investment in nucleus software netherlands b . v . , netherlands .
nucleus software adjudged as one of the fastest growing companies in asia pacific under deloitte technology fast 500 - 2007 .
nucleus software inc . , usa . 1 , 000 , 000 shares of us $ 0 . 35 cents each
nucleus software blog is the bank back office the key to unlock the next wave of growth and . . .
nucleus software solutions pte . ltd . , singapore . 625 , 000 equity shares of s $ 1 each .
nucleus software is the stock in focus after they reported a strong set of q3 numbers . in an intervie . . .
nucleus software exports provides innovative and pioneering products and software solutions since 1986 . it provides software solutions to the banking , financial services industry ( bfsi ) . for over 20 years , it has developed solutions spanning from retail banking to corporate banking , cash management , internet banking and credit cards . finnone , the flagship product of nucleus software is a comprehensive suite for retail banking applications comprising modules like customer acquisition system , loan management , delinquency and recovery management , deposits and finance against securities .
nucleus software exports ltd . key products / revenue segments include software development ( domestic ) which contributed rs 199 . 68 crore to sales value ( 66 . 70 % of total sales ) and software development ( overseas ) which contributed rs 99 . 66 crore to sales value ( 33 . 29 % of total sales ) for the year ending 31 - mar - 2017 .
hdfc bank , nucleus software customer , won the prestigious celent 2010 model bank award for its loan origination system , finnone tm .
rubik is nucleus software ' s # 2 competitor . rubik is a public company that was founded in sydney , new south wales in 2007 . rubik is in the diversified financial services industry . rubik has 1 , 511 more employees vs . nucleus software .
nucleus software has employees and is the first highest among it ' s top 10 competitors . the top 10 competitors average 224 .
in the midst of technological advances , financial companies are struggling to match ambitious customer expectations without first partnering with software solution providers . nucleus software believes that cross - industry programs are key to profit building
the buyback offer from nucleus software exports will open on august 16 and end on august 31 . the company plans to buy back up to 33 . 43 lakh equity shares at a price of ₹350 a share via tender offer . the company had fixed june 30 as record date to identify eligible shareholders to participate in the buyback . the promoters / promoter groups of the company do not intend to participate in the proposed buyback . shares of nucleus software exports slipped 0 . 7 per cent at ₹280 . 25 on the nse .
sandstone technology has been one of nucleus software ' s top competitors . sandstone technology ' s headquarters is in north sydney , new south wales , and was founded in 1996 . sandstone technology competes in the banks field . sandstone technology generates 37 % of nucleus software ' s revenue .
nucleus software ranked 13th in dataquest top 20 best employers survey 2006 . survey was conducted by idc - dataquest amongst 200 it employers across india .
nucleus software ' s revenue is the second highest among it ' s top 10 competitors . the top 10 competitors average $ 7 . 7m .
forrester research , a leading independent analyst firm , recognized nucleus software as an industry vertical specialist in their report
working with tier two offshore providers
.
the company was incorporated on january 9 , 1989 as nucleus software exports private limited with its registered office at 33 - 35 thyagraj market , new delhi , india . subsequently in october 1994 , it was converted into a public limited company . in august 1995 , nucleus made an initial public offer and is currently listed at national stock exchange of india ltd . , and bse ltd .
software development expenses primarily consist of compensation to our software professionals , expenses on travel to execute work at client site , direct consultancy charges , cost of software purchased for delivery to clients , bandwidth and communication expense and proportionate infrastructure charges .
nucleus software netherlands b . v . ( nsbv ) is based in amsterdam , the netherlands . it was incorporated in 2006 for enlarging business presence in the european market . nsbv is a business development and sales hub for nucleus in europe .
nucleus softwar closes above 50 - day moving average of 386 . 78 today .
nucleus softwar closes above 30 - day moving average of 370 . 08 today .
nucleus softwar closes above 50 - day moving average of 431 . 44 today .
nucleus softwar closes below 50 - day moving average of 430 . 68 today .
nucleus softwar closes above 30 - day , 50 - day moving average today .
nucleus softwar closes above 150 - day moving average of 414 . 96 today .
nucleus softwar closes above 150 - day moving average of 410 . 83 today .
nucleus softwar closes below 30 - day moving average of 448 . 36 today .
nucleus softwar closes above 30 - day moving average of 457 . 43 today .
nucleus softwar closes below 30 - day moving average of 524 . 24 today .
nucleus softwar closes above 30 - day moving average of 517 . 79 today .
nucleus softwar closes above 150 - day moving average of 292 . 69 today .
nucleus softwar closes above 30 - day , 200 - day moving average today .
nucleus softwar closes below 30 - day , 200 - day moving average today .
nucleus softwar closes below 150 - day moving average of 291 . 62 today .
in the previous year due to additional hiring of professionals for software development work .
paid - up share capital of the subsidiaries as on march 31 , 2011 is given below . as 100 % of the share capital of the subsidiaries is held by nucleus software exports limited and nominees ; on consolidation of accounts , these amounts are contra with investments in subsidiaries amounts in the accounts of the parent company .
revenue from software projects and services segment during the year is rs . 76 . 91
nucleus’ operations are managed through parent company based in india and well - networked subsidiaries in india , japan , netherlands , singapore and usa . all major software development takes place in
the ipo page of nucleus software exports ltd . captures the details on its issue open date , issue close date , listing date , face value , price band , issue size , issue type , and listing date ' s open price , high price , low price , close price and volume . it also captures the holding period returns and annual returns .
cimb malaysia , our customer , powered by nucleus software ' s finnone tm implementation , has received the process excellence award for collection and debt management at the prestigious bpa trailblazer awards .
vietnam prosperity bank ' s loan origination system , powered by nucleus software ' s finnone cas , lms and collections was recognized with model bank award by celent ( march 2013 ) .
the decrease in operating and other expense for fy 2015 from fy 2014 is primarily due to decrease in software and other development charges , cost of software purchased for delivery to clients .
nucleus software japan kabushiki kaisha ( nsjkk ) is based in tokyo , japan . it was incorporated in 2001 to expand business in the country . nsjkk operates as a business development and sales hub for japan . additionally the subsidiary provides software development services , to the local customers in japan .
nucleus software is the leading provider of mission critical lending and transaction banking products to the global financial services industry . its software powers the operations of more than 150 customers in 50 countries , supporting retail banking , corporate banking , cash management , internet banking , automotive finance and other business areas .
nucleus provides software solutions to the banking and financial services industry . for over 20 years , we have developed solutions spanning from retail banking to corporate banking , cash management , internet banking and credit cards .
nucleus softwar closes above its 30 - day , 150 - day , 200 - day moving average today .
nucleus software awarded the “d & b - ecgc indian exporters’ excellence award” by dun & bradstreet india ( d & b india ) and export credit guarantee corporation of india ltd ( ecgc ) for the year 2007 .
nucleus software australia pty . ltd . ( nsa ) is based in sydney , australia . it was incorporated in 2014 for tapping the growing business opportunities in anz region . nsa operates as a business development and sales hub for the region . additionally the subsidiary provides software development services , to the local customers in australia .
nucleus software inc . ( nsi ) is based in new jersey , usa . it was incorporated in 1997 for providing business presence in the americas . nsi operates as a business development and sales hub for the region .
nucleus software solutions pte . ltd . ( nss ) is based in singapore . it was incorporated in 1994 to expand the company’s business in south east asia . currently , it is the central entity for asia - pacific excluding japan and australia with responsibility for business development , sales and software development services for customers in the region .
the company has seven subsidiary companies , all over the world , all of which are wholly - owned . as 100 % of the share capital of the subsidiaries is held by nucleus software exports limited and nominees ; on consolidation of accounts , these amounts are contra with investments in subsidiaries amounts in the consolidated accounts of the parent company . paid - up share capital of the subsidiaries as on march 31 , 2015 is as per the below table
nucleus software awarded the
d & b - ecgc indian exporters’ excellence award
by dun & bradstreet india ( d & b india ) and export credit guarantee corporation of india ltd ( ecgc ) for the year 2007 .
finnone tm , the flagship product of nucleus , is an integrated lending software suite designed to support part or all of the end - to - end lending process of banks , finance companies , captive auto finance companies and retail businesses .
software services rendered by the company , classified under this segment , typically consist of development of software to meet specific customer requirements consisting of application development & maintenance , testing services , consulting and infrastructure management services with a strong banking domain focus .
the company has six subsidiary companies , all over the world , all of which are wholly - owned . there is also a step down subsidiary at singapore . as 100 % of the share capital of the subsidiaries is held by nucleus software exports limited and nominees ; on consolidation of accounts , these amounts are contra with investments in subsidiaries amounts in the accounts of the parent company . paid - up share capital of the subsidiaries as on march 31 , 2013 is as per the below table .
nucleus software south africa pty . ltd . ( nssa ) is based in johannesburg , south africa . it was incorporated in 2015 for tapping the growing business opportunities in south african region . nssa operates as a business development and sales hub for the region .
“nucleus software delivers value and end - to - end solutions , enabling its customers to get to the markets faster . we have extremely strong relationships with our customers . going forward , we will continue working on expanding our base in new and select markets . the company comprises of an extremely passionate and diverse group of people who are working to bring cutting edge financial software products to the market . ”
provision for leave encashment represents provisions made by the company based on actuarial valuation . during the year , the company has made contributions to nucleus software employees group gratuity assurance trust , which has made further contributions to employees group gratuity scheme of life insurance corporation of india .
the top 10 competitors in nucleus software ' s competitive set are nextgen , rubik , sandstone technology , polaris , misys , sopra , intelligent environments , cloud lending solutions , cr2 and newgen . together they have raised over 56 . 1m between their estimated 17 . 5k employees .
forrester recognized nucleus as a “global pursuer” and stated it “regained traction in 2010” . based on the number of deals and regions covered , nucleus was ranked among top banking platform providers . source : global banking platform deals 2010 , forrester research , inc . , 31 march 2011 .
, the flagship product of nucleus , is an integrated suite of applications designed to support the business offerings of banks and financial services companies .
information technology is one of the most dynamic , fast - changing and fiercely competitive industries in the world , characterized by relentless cycles of innovation and commoditization . the indian it industry has been primarily identified with software services , while the software products segment has mostly remained in the background . more recently the world is observing a change in this segment growth . emerging technologies present a range of exciting new opportunities for it firms in india . according to the software product think - tank ispirt , software products could be a $ 100 billion industry in india by 2025 . this affirms our faith that a new generation of indian software products will have a sizeable impact on improving productivity and the way businesses are run .
your company has set up nucleus software foundation , a trust for the purposes of undertaking csr activities of the company . this foundation , established in 2014 as a section 25 company , works towards its stated mission : “empowering underprivileged with essence of education and thereby better livelihood and better life” .
forrester recognized nucleus as a
global pursuer
and stated it
regained traction in 2010
. based on the number of deals and regions covered , nucleus was ranked among top banking platform providers source : global banking platform deals 2010 , forrester research , inc . , 31st march 2011
- bob finance and finnone™ win the banking technology award 2016 , bob finance ag , a financial service company in switzerland deployed nucleus software’s finnone™ for offering an innovative and completely digitized loan service . this implementation won the banking technology award 2016 - highly commended for best use of it in lending .
forrester recognized nucleus as a
global pursuer
and stated it
regained traction in 2010
. based on the number of deals and regions covered , nucleus was ranked among top banking platform providers source : global banking platform deals 2010 , forrester research , inc . , 31 march 2011 .
nucleus selected as one of forbes asia ' s 200 best under a billion companies , for the second consecutive year , list released in september 2008 .
the profits / losses of the subsidiary companies are fully reflected in consolidated accounts of the company and subsidiaries . the share capital of nucleus software netherlands b . v . , increased due to additional investment of € 100 , 000 by the company , by way of subscribing to the equity share capital of the subsidiary .
software services rendered by the company , classified under this segment , typically consist of development of software to meet specific customer requirements . these services consist of application development & maintenance , testing , consulting and infrastructure management services with a strong banking domain focus . software projects and services revenue for the year is 97 . 52 crore , 27 . 62 % of the total revenue , against 108 . 26 crore , 31 . 27 % of the total revenue in the previous year .
software services rendered by the company , classified under this segment , typically consist of development of software to meet specific customer requirements . these services consist of application development & maintenance , testing , consulting and infrastructure management services with a strong banking domain focus . software projects and services revenue for the year is 31 . 23 crore , 11 . 19 % of the total revenue , against 14 . 03 crore , 5 . 82 % of the total revenue , in the previous year .
nucleus software is embarking on a makeover which will take it to the next level . this endeavor demonstrates our passion for perfection and relentless commitment to deliver world class products to our customers . in this journey , we have been honoured and feel grateful for having received various accolades , a few of them to list would be :
it companies have been working closely with financial services to deliver cost - effective and profitable solutions to the connected consumer , which predominantly started in india . world finance spoke to ravi pratap singh , president and head of global product management at nucleus software exports ltd , to discuss how in india , financial - related it companies are playing an essential role in bringing these services to the masses . “these are exciting and challenging times for the indian banking industry . india is definitely an important market in the global banking scenario . customers are redefining the agenda , and excellent customer service has replaced financial stability as the primary reason for maintaining banking relationships . ”
virstra i - technology services ltd . is based in pune , india . it was incorporated in 2004 to provide software development services , targeted at the japanese market .
software services rendered by the company , classified under this segment , typically consist of development of software to meet specific customer requirements . these services consist of application development & maintenance , testing , consulting and infrastructure management services with a strong banking domain focus . revenue from software projects and services has grown for the year to 96 . 07 crore , 32 . 70 % of the total revenue for fiscal 2013 against 77 . 26 crore , 27 . 37 % of the total revenue for fiscal 2012 .
nucleus software ltd . ( nsl ) has operations in jaipur with registered office in new delhi . it was incorporated in 2008 for facilitating delivery to larger clients through operations in a special economic zone . nsl acquired 17 . 41 acre of land in the mahindra world special economic zone , jaipur and has co - developed a 250 - seater facility .
spearheading international coverage the company has been a leading player in the it products and services sector for nearly three decades , and is internationally renowned for being one of the early pioneers to have cemented india’s high standing in the it space . “nucleus software is committed to providing efficient and cutting edge software solutions for the banking and financial services industry across the globe . for over 27 years , we have been developing path - breaking it products and solutions for retail and corporate banking , auto finance , islamic lending , cards and cash management , ” says singh . “we are aware of not just the it products and software solution requirements , but of the overall expectations of our customers and the changing dynamics of the technology environment . ”
outsourced technical services expense have reduced due to lower outsourcing of technical work for software development . it is 10 . 71 crore against 19 . 88 crore in the previous financial year .
nucleus operations are managed through parent company based in india and well - networked subsidiaries in india , japan , netherlands , singapore and usa . all major software development takes place in development centres in india and singapore ; the subsidiaries above and branch offices in india . korea , philippines , uae and uk provide an effective front - end of customer acquisition and servicing . at the parent company level , global responsibilities for software delivery , quality assurance , product and account management , sales and marketing , finance and human resources have been defined to achieve the objectives .
. in august 1995 , nucleus made an initial public offer and is currently listed at national stock exchange of india ltd . , bombay stock exchange ltd . and madras stock exchange ltd .
your directors would like to place on record their gratitude for the co - operation received from the government of india , state governments of delhi , uttar pradesh and rajasthan , customs and excise departments , department of scientific and industrial research ( ministry of science and technology ) , software technology park - noida , software technology park - pune , special economic zone authorities and other government agencies .
lower cost of software purchased for delivery to customers is an effect of corresponding decrease in trading revenue . it is 5 . 59 crore against 7 . 89 crore in the previous financial year .
the immediate challenges for financial firms , according to nucleus software , are various , but can be broken down broadly into five major areas . “financial institutions of all shapes and sizes are going through a period of strategic transformation . these institutions are attending to a wide range of issues simultaneously – some more visible and fast moving , others more fundamental and long - term , ” says singh .
if those in the financial services industry are to enhance operational efficiencies and enable profitable growth , they must first realise the importance of an improved upon it infrastructure in cutting costs and streamlining processes . it’s clear that it companies will play a large part in the sector as it marches on into the digital age . the importance of companies much like nucleus software , therefore , should not be underestimated .
during the year . these are primarily old furniture and fixtures , office equipment personal computers and software no longer in use . this retirement of assets has a small charge of rs . 5 . 95
has been our ethos , and with this in mind , nucleus chose the path of investing heavily in product , which positioned us globally as a “product company” and a ‘leader’ in the global lending landscape .
ranked for the third consecutive year as the ‘world’s no 1 selling lending software product’ ( for year 2010 ) by ibs publishing , uk | 2011 & ranked third in global sales across all banking products .
south asian federation of accountants ( safa ) adjudged nucleus’ annual report as the recipient of the merit position for the best presented accounts and corporate governance disclosures award 2008 under the category of corporate governance disclosure .
we are a product software company and making products is quite different from delivering services ; it requires a distinctive mindset , capabilities and environment . in fy 2015 nasscom estimates that the indian it industry will account for revenues of usd 146 billion , an increase of 13 per cent over the previous year . industry exports will be more than usd 98 billion , a growth of 12 . 3 per cent , while the domestic segment , which has benefited from the inclusion of ecommerce and mobile app industry , is estimated to touch usd 48 billion . software products , engineering research and development ( er & d ; ) and product development segments together have over 16 per cent market share ( source : nasscom strategic review 2015 ) . this makes us hopeful of the future and we work towards building a great product company .
nucleus software also expects to see new service orientated architecture emerge in banking , including cloud computing , as firms seek to identify the most effective mechanisms for componentised , service - orientated it . what’s more , the age of universal banking will soon come to an end , as basic banking activities will be split from riskier corporate and investment counterparts , and no longer share the same funding resources , liquidity and capital base .
through these efforts we continue to build a robust brand nucleus with business from all global markets , creation of an effective distribution network through partnership’s , alliances and acquisitions , seamless and high quality delivery with a high customer satisfaction rating .
currently , there is only one esop scheme prevalent in the company ; esop scheme - 2015 ( instituted in 2015 ) . as per esop scheme 2015 , equity shares would be transferred to eligible employees on exercise of options through nucleus software employee welfare trust , which is established to carry out activities for the benefit and welfare of its employees by launching various schemes in accordance with the securities and exchange board of india ( share based employee benefits ) regulations , 2014 .
annual report for the year ended march 31 , 2012 won the platinum award for excellence within the technology - software industry and ranked 22nd amongst the top 100 annual reports in the vision awards by the league of american communications professionals ( lacp ) , usa .
through these efforts we continue to build a robust brand nucleus with business from all global markets , supported through the creation of an effective distribution network of partnerships , alliances and acquisitions to achieve seamless and high quality delivery resulting in a high level of customer satisfaction .
your company’s flagship product finnone neo™ was launched on cloud and is already a success in the domestic market . by providing finnone neo™ on cloud , we are making one of the best lending software more affordable , quickly deployable and scalable as per our customer’s business requirements .
nucleus operates through integrated and well - networked subsidiaries in india , japan , netherlands , singapore , usa and australia . since 1995 , product development has been our forte and the company has chosen to exclusively develop products and further add value through dedicated research and development initiatives .
the industry continues to face challenges from an hr perspective in hiring , managing and retaining talent in the current environment . only a strong global team can drive excellent performance – especially in a challenging business environment . your company’s hr function continued its focus in the strategic direction of enhancing competency and talent development for the employees . strong emphasis was laid on attracting , developing and retaining talents across the globe , through specifically designed programs . at the same time , we have also been continuously improving and strengthening our leadership team to foster a unique performance culture at nucleus software .
nucleus softwar is in the computers - software medium & small sector . the current market capitalisation stands at rs 1 , 120 . 83 crore . the company management includes janki ballabh - chairman , vishnu r dusad - managing director & ceo , s m acharya - ind . non - executive director , ritika dusad - non executive director , prithvi haldea - ind . non - executive director , elaine mathias - ind . non - executive director , trilochan sastry - ind . non - executive director , r p singh - executive director , n subramaniam - ind . non - executive director . it is listed on the bse with a bse code of 531209 and the nse with an nse code of nucleus . its registered office is at 33 - 35 , thyagraj nagar market , , new delhi , delhi - 110003 . their registrars are karvy computershare private ltd .
finnone tm is flagship product for the lending business from nucleus software . finnone tm was developed more than a decade back to serve lending need in bfsi . cash @ will tm , our existent product was developed about a decade ago to serve cash management needs of the banks while serving their corporate customers . in past few years technology & business needs have changed rapidly . to mitigate the risk of obsolescence and align with market needs , the company decided to initiate new product development ; finnone tm pro gold in the lending vertical and finnone - transaction banking system in the cash management verticals of the banking space .
there are fresh additions of 7 . 88 crore during the year , including 2 . 38 crore of computer hardware and 4 . 56 crore of software purchases . the net fixed assets after depreciation are 50 . 69 crore as on march 31 , 2013 against 48 . 91 crore as on march 31 , 2012 .
there are fresh additions of 9 . 72 crore during the year , including 5 . 96 crore of computer hardware and 1 . 96 crore of software purchases . the net fixed assets after depreciation and including capital work in progress are 58 . 95 crore as on march 31 , 2015 against ` 61 . 90 crore as on march 31 , 2014 .
we , at nucleus , believe that good and effective corporate governance is critical to achieve corporate vision and mission of the organization ; it is more of an organizational culture than a mere adherence to rules and regulations . law alone cannot bring changes and transformation , and voluntary compliance both in form and in substance plays an important role in developing good corporate governance .
in india and singapore ; the subsidiaries above and branch offices in india , korea , philippines , uae and uk provide an effective front - end of customer acquisition and servicing . at the parent company level , global responsibilities for software delivery , quality assurance , product and account management , sales and marketing , finance and human resources have been defined to achieve the objectives .
the increase in operating and other expense for fy 2015 from fy 2014 are primarily due to increase in outsourced technical service expense , legal and professional expense , information technology expense , advertisement , business development and promotion , insurance expense and contribution to csr activities , which is partially offset by a decrease in cost of software purchased for delivery to clients , provision for bad debts and other expenses .
finnone tm , the flagship product of nucleus , is an integrated suite of applications designed to support the business offerings of banks and financial services companies . finnone tm provides solutions for both the asset as well as the liability side of the business , core financial accounting and customer service . finnone tm caters to the business needs of banks , financial institutions , captive auto finance companies and retail businesses .
as technology continues to evolve rapidly and permeate more layers of business operations , digital solutions have become an integral component of the growth roadmaps for most enterprises . packaged software was the fastest growth segment ( 6 . 2 % ) in 2016 . investments are being done on applications that facilitate enterprise and it operations , such as enterprise resource management and operations & manufacturing applications , collaborative applications , saas , etc .
operating and other expense primarily consist of expenses on travel to execute work at client site and for other related activities , cost of software purchased for delivery to clients , bandwidth and communication expense , infrastructure charges , expenses on account of brand building activities , training and recruitment costs , legal and professional charges , repairs and maintenance charges , insurance , provision for doubtful debts , contribution to csr activities and others .
senior members in global delivery , sales and marketing and human resources were hired during the year . total manpower numbers stood at 1 , 503 at the end of the year . through these efforts we continue to build a robust brand nucleus with business from all global markets , creation of an effective distribution network through partnership ' s , alliances and acquisitions , seamless and high quality delivery with high customer satisfaction rating .
finnone neo tm , launched in 2014 , is a brand new lending software suite based on many of the principles of finnonetm but developed from the ground up using new java technology and a services oriented architecture ( soa ) . it is cloud ready , meaning that customers can choose whether to deploy it on their own servers ( ' on premise ' ) , in a private cloud or via a public cloud .
our revenues from software development comprise of income from time and material and fixed price contracts . revenue from time and material contracts is recognised as the services are rendered and revenue from fixed price contracts comprising of license , related customization and implementation is recognised in accordance with the output method based on percentage completion . revenue from annual technical service contracts is recognized on a pro rata basis over the period in which such services are rendered .
to be known as a global company a diverse workforce that unites different cultural backgrounds and work experience is an important success factor . we are happy to share that we actively manage diversity and have made significant progress over the past years . with greater focus on goals based high performance culture and a clear performance and career growth plan for each employee , the next financial year will see employee learning at nucleus move up the curve substantially .
our revenues from software development comprise of income from time and material and fixed price contracts . revenue from time and material contracts is recognised as the services are rendered and revenue from fixed price contracts comprise of sale of license , related customisation and implementation and is recognised in accordance with the output method based on percentage completion . revenue from annual technical service contracts is recognised on a pro rata basis over the period in which such services are rendered .
your company continues to retain its debt - free status and maintains sufficient cash and cash equivalents to meet future strategic initiatives . the company has been conservative in its investment policy over the years , maintaining a reasonably high level of cash and cash equivalents which enable the company to completely eliminate short and medium term liquidity risks , and at the same time also help scale up operations at a short notice . the goal of cash management at nucleus is to :
operating and other expenses primarily consist of expenses on travel to execute work at client site and for other related activities , consultancy charges , cost of software purchased for delivery to clients , bandwidth and communication expense , infrastructure charges and expenses on account of brand building activities . other expenses included here are training and recruitment costs , legal and professional charges , repairs and maintenance charges , insurance , provision for doubtful debts , bad debts , finance costs and other miscellaneous charges .
operating profit decreased primarily reflecting decreased revenue . decrease in software development expense by 6 . 51 % was more than offset by increased sales and marketing expense and general and administrative expense . investments in people , products and sales and marketing have also contributed to this decline . we continue investing in new markets for growth and this increase in sales and marketing expenditure is as planned . at the same time there is continued pressure on employee remuneration due to industry opening up post - recession and increased attrition rates .
total bank it spending across north america , europe , and asia - pacific will grow to us $ 196 . 7 billion in 2015 , an increase of approximately 4 . 6 % over 2014 , as mentioned in a celent report . this upward shift is definitely an encouraging indicator . the future is bright and we believe that with our vision for growth , we have the potential to achieve growth with our specialized software solutions . we have strong branding and an established customer base and need to market and sell more effectively to increase shareholder value .
with increased salaries in india and with cost pressures worldwide , the cost differential as an advantage to indian it is evaporating quickly . now , the mantra to excel is ‘value for each penny spent’ . nucleus believes that the only way to survive and bring value in this context to the customers is to deliver quality and innovative solutions . we believe growth in terms of numbers is a by - product of doing right things and contributing to the society and through our customers , changing the lives of billions of people . abiding by a futuristic approach with innovative
tax , in comparison to 13 . 40 % of profit before tax for the previous year . your company had two units registered under “software technology parks” in india during the year which were entitled to an income tax exemption as per applicable laws . despite numerous industry representations , there has been no extension of tax holiday enjoyed by units in stp / ftz under section 10a of the it act beyond 31 march 2011 and there is additionally increase in the rate of minimum alternate tax ( mat ) from existing 15 % to 18 % ( plus applicable surcharge and education
depreciation on fixed assets is 11 . 97 crore , 3 . 39 % of revenue for the year , against 7 . 93 crore , 2 . 29 % of revenue in the previous year . it has increased due to depreciation , on hardware / software additions of 7 . 92 crore during the year . pursuant to the companies act , 2013 , the company revised depreciation rates in respect of computers and data processing unit ( end user devices such as desktop , laptops etc . ) as per the useful life specified in the part “c” of schedule ii of the act .
depreciation on fixed assets is 10 . 66 crore , 3 . 82 % of revenue for the year against 6 . 76 crore , 2 . 80 % of revenue in the previous year . it has increased due to depreciation on hardware / software additions of 7 . 25 crore during the year . pursuant to the companies act , 2013 , the company revised depreciation rates in respect of computers and data processing unit ( end user devices such as desktop , laptops etc . ) as per the useful life specified in the part
c
of schedule ii of the act .
an active and well - informed board is necessary to ensure highest standards of corporate governance . at nucleus , a well qualified board consisting of seven members manages the company with mr . janki ballabh as the chairman and mr . vishnu r dusad as the managing director & ceo . five out of seven members of the board are non - executive , independent directors . these independent directors provide valuable contribution in the deliberations and decisions of the board with their diverse knowledge and expertise . as an effective board , it develops and promotes the vision , culture and values of the company and provides entrepreneurial leadership to the company within a framework of prudent and effective controls .
the are pleased to present your company’s twenty eighth annual report , together with the audited statement of accounts , for the year ended march 31 , 2017 .
the financial statements of the company have been prepared in accordance with the generally accepted accounting principles in india ( indian gaap ) to comply with the accounting standards specified under section 133 of the companies act , 2013 , read with rule 7 of the companies ( accounts ) rules , 2014 and the relevant provisions of the companies act , 2013 ( “2013 act” ) , as applicable and guidelines issued by the securities and exchange board of india ( “sebi” ) . accounting policies have been consistently applied except where a newly issued accounting standard , if initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use . management evaluates all recently issued or revised accounting standards on an ongoing basis . the company has nine subsidiary companies across the globe . the company discloses stand - alone audited financial results on a quarterly and annual basis , consolidated un - audited financial results on a quarterly basis and consolidated audited financial results on an annual basis .
revenue from consolidated operations for the year was rs . 372 . 39 crore , as compared to rs . 348 . 70 crore in the previous year . as the company continued its focus on strategic initiatives for new products , focused sales and market development and hiring of senior experienced personnel to help drive transformation , the overall operational expense for the year continued to be high at rs . 320 . 64 crore , against rs . 318 . 51 crore in the previous year . the operating profit ( ebitda ) was at rs . 51 . 75 crore , 14 % of revenue , against rs . 30 . 19 crore , 9 % of revenue , in the previous year . profit after tax for the year was higher at rs . 62 . 69 crore , 17 % of revenue , against rs . 32 . 47 crore , 9 % of revenue , in the previous year .
revenue from the standalone operations for the year was rs . 299 . 35 crore against rs . 278 . 17 crore in the previous year . total operational expense for the year was rs . 266 . 38 crore against rs . 265 . 24 crore in the previous year , an increase of 0 . 4 % .
operating profit ( ebitda ) for the year was at rs . 32 . 97 crore , 11 % of revenue , against rs . 12 . 93 crore , 5 % of revenue , in the previous year . profit after tax for the year was at rs . 47 . 82 crore , 16 % of revenue , against rs . 44 . 66 crore , 16 % of revenue in the previous year .
a detailed analysis on the company’s performance , both consolidated and standalone , is included in “management’s discussion and analysis” report , which forms part of this annual report .
the paid - up share capital of the company , as on march 31 , 2017 , is 32 , 383 , 724 equity shares of rs . 10 each , similar to the paid - up share capital as on march 31 , 2016 .
the shares of the company are under compulsory dematerialization ( “demat” ) category and are available for trading on both the depositories in india viz . national securities depository limited ( nsdl ) and central depository services ( india ) limited ( cdsl ) . out of the entire paid up shares , i . e . 32 , 383 , 724 shares , 99 . 59 % are in dematerialized form as at march 31 , 2017 . the international securities identification number ( isin ) allotted to the company’s shares is ine096b01018 .
your company is listed at national stock exchange of india ltd . and bse ltd .
national stock exchange of india ltd . ( nse ) w . e . f . december 19 , 2002
a . use cash to provide sufficient working capital to manage business operations of the company to be able to add value to all our stakeholders and continuously enhance the same .


shopnow is a local shopping directory provider founded in 2009 based in san carlos , california .

the shopnow service lists consumer retail stores for all locations in the united states via branded ' shopnow ' mobile applications offered for the apple iphone and google android mobile platforms .

shopnow llc was granted registered trademark status on the term ' shopnow ' by the us patent and trademark office on 2/2/2010 .

in the late 1990s , ' shopnow ' was associated with a different company and website , prior to that company changing its company name to network commerce , then later discontinuing operations of the urltoken site in 2001 .

shopnow

shopkins shoppie gemma stone magical diamond part 2 investigation by shopnow . who took the diamond ?
shopnow is developing a platform that effortlessly converts a retailer ' s local merchandising into mobile marketing .
shopnow® is a consumer - focused online guide to local stores that connects mobile consumers with local retailers .
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this bra has changed my life . it is comfortable and so very supportive without an underwire .
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“it would be wryly interesting if in human history the cultivation of marijuana led generally to the invention of agriculture , and thereby to civilization . ” – carl sagan . # cbd # cbdoil # hemp # hempoil # health # healthbenefits # shopnow # anxiety # depression # organic # colorado # mmj urltoken
sexy push up retro vintage bikini set . get 1 now at my etsy shop . link in bio # sirenelemarcin # retwitter # follo4follo # bikinibody # bikiniday # swimwear # swim # losangeles # california # fashion # style # online _ deals # etsy # shopnow # etsysellers # tweetme # bikinis urltoken
special girl like you deserve the best . hautecouture by yasmin . follow me now or check my etsy shop to see more . link in bio # hautecouture # retweeet # onlinestore # etsy # yasminlemarcin # fashionable # style # dresses # weddingdress # shopnow # follome # likes # losangeles # glamour urltoken
“you either make it illegal , in which case you support a huge underground economy or you tax it within the limits people can afford . ” – kevin o’leary # cbd # cbdoil # hemp # hempoil # health # healthbenefits # shopnow # anxiety # depression # organic # colorado # california # stressreliever urltoken
seventeen - you make my day ( meet / follow / set the sun ver . ) release date : july 17 , 2018 prices : rm81 wm / sm rm84 em / ss + rm5 for rolled poster dm me for any inquiries ! # kpopshopmalaysia # kpopshopmurah # sayajualkpop # sayajualmurah # buynow # shopnow # twitshop urltoken
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this is a mini series featuring my custom boy shoppie bernie bowler and his shoppie girl friends . bridie , polli polish , rosie bloom , gemma stone and lippy lulu are all friends of bernie . these shoppies all think that bernie is so super cute . this series will feature many episodes that fit together into a little mini series . it is best to watch them in order of the playlist so that the story line fits together .
new boy shoppie bernie bowler customized in a season 7 package . cookieswirlc inspired shopkin videos
cookie swirl c birthday cake diy . in this videos i show you how to make this awesome shopkin cake 10
cookie swirl c theme shoppie doll diy video . made from a shopkins cocolette shoppie
shopkin videos boy shoppie bernie bowler was very sick . inspired by cookie swirl c
back in 2011 , when people were hopping from one store to another for best bargains on an overall household’s monthly bill , sandeep aggarwal ( the founder & mastermind of shopclues ) was realizing his vision of a budget - friendly online bazaar in india . urltoken was then given a shape and strategy in 2012 as the india’s first & largest fully managed marketplace .
‘what you think is what you get’ isn’t just a saying at shopclues . with over 8 . 5 million products , you can get just about everything that you can imagine at shopclues . from usual products in electronics , fashion , home & kitchen , to unusual products like cow dung cakes , knife sharpeners , etc . shopclues tops in everything . so , you see what we mean when we say aflatooni products ? shopclues has revolutionized the conceptual online shopping in india with initiatives such as ghar wapsi sale , bigger than the biggest thank you sale , # ekzerokum sale , etc . amongst many other shopping sites , shopclues is the leader in unstructured categories like daily utilities , garden needs , hardware , kitchen storage , and others .
every day , shopclues delights millions of discount - hunters with paisa - vasool shopping experience with prices as low as re . 1 . we are the first ones to introduce the idea of ‘sab kuch wholesale ke rate par’ on an online platform with shopping options to both wholesale as well as retail seekers .
shopclues brings the experience of india’s flea markets online , in the form of its two weekly properties - sunday flea market , and wednesday super saver bazaar . another property capturing the essence of regional indian shopping is called nrh ( national regional heritage ) , which gives a sneak - peek into india’s cultural gullies at very reasonable prices . these online markets showcase products with range so wide , and prices so low , that they beat the real neighbourhood markets of india . the concept especially works incredibly well with the middle class population habituated in tier 2 & 3 cities .
working as a marketplace , shopclues has been well - supported by a bourgeoning community of certified merchants in india . unlike various other online shopping sites , shopclues has achieved the largest merchant base of over 3 . 5 lakhs . this online shopping website is creating history by empowering local and regional merchants , primarily from tier 2 & 3 cities and making them a national enterprise at shopclues .
, is launched in order to ensure a hassle free shopping experience for its customers . this premium service is in addition to the shopclues buyer protection program which ensures an extensive 5 point quality check of the products in order to give customers a seamless shopping experience . in order to make it user - friendly , the platform marks out the rating of the products classified into ‘best buy’ , ‘great buy’ , ‘value buy’ or ‘brand authorized’ . this allows the customer to make an optimal purchase decision while shopping on the platform .
get rewards every time you shop ! join the vip club and enjoy get 5 % cashback on every order . that ' s not all ! with free membership , no hidden costs & no registration procedures , get exclusive benefits on grofers , lenskart , food panda & hi care pest control services .
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