Jai Corporation

[ravi1967]

From the Desk of Gopinath Vijayaraghavan
*********************************
Detailed information about jai corp's kpo subsidery company ADVENTITY

ADVENTITY

Racing ahead: Deshpande (L) and Arora are aiming for $40-50 million in revenues this year Far-seeing: Mishra's mission is to take ICT to rural areas
Not Just Another KPO

NAME OF COMPANY: Adventity
YEAR OF FOUNDING: July 2003; Commenced operations in January 2004
FOUNDERS: Kumar Subramanian, Ulhas Deshpande, Niket Patankar, Jagdish Iyer and Vivek Arora
AREA OF OPERATION: BPO/ KPO
FUNDING: Undisclosed 'steel and
plastics' group in India ($10.5 million), Norwest Venture Partners ($20 million)
REVENUE: Roughly $25 million
SIZE OF TARGET MARKET: $17 billion (just the KPO bit)
KEY COMPETITORS: Amba Research and B2K Corporation

On its third birthday, Mumbai-headquartered KPO/BPO firm Adventity earned itself a nice gift. In mid-January, it bagged $20 million in second round of funding from us-based VC firm Norwest Venture Partners (NVP). For good reason. Adventity's rise has been meteoric. The company has raced to a headcount of 2,200 spread across India, North America and Europe. "By the end of the year, we hope to have 3,500 people, and by 2008, 5,000," says Vivek Arora, Director & co-founder, Adventity. Last year it had revenues of about $25 million, but hopes to do $40-50 million this year.

A brainchild of five Indian professionals with stints in banking, technology and consulting, Adventity was seed funded ($10.5 million) by a prominent 'steel and plastics industrial' group in India and focuses on research and analytics for global I-banks and asset management companies, besides other BPO-type outsourced services for the global financial services industry. "We plan to extend our mortgage-oriented services to the UK and Australian markets in the near future," says Ulhas Deshpande, coo and one of the co-founders of Adventity. To break into this space, the company acquired us-based home mortgage company Texas Mortgage Company in a deal valued at $2-3 million, and is looking for more acquisitions, besides an IPO in 2008 or early 2009.

 

[jnj333]

Jai corp's different Business plans may become more clear in coming months. Could prove to be a multi bagger. But a high risk High Return stock, caution suggested.

 

[jnj333]

Circuit Filter changed from 5% to 10%, Now the stock has become more dangerous/attractive. It will rise and fall at double speed.Take your own call.

 

[jnj333]

31 May important date for this stock as RIL NAVi Mumbai SEZ clearance will be discussed on that day by the BOA in which Jai corp also has a stake.

 

[ravi1967]

NEWS ITEM IN ECONOMIC TIMES E PAPER 12-05-2007

Induction of co-developers likely to delay Reliance SEZ



RELIANCE Industries’ mega SEZ project in Navi Mumbai may be further delayed following concerns expressed by government officials over the introduction of a handful of codevelopers, report Rajat Guha & Mayur Shekhar Jha in New Delhi. Government sources said the board of approvals may not give the clearance to the project until it is convinced about the logic behind the sudden introduction of seven entities, all of whom have no Reliance representative on the board of directors.
Reliance, in its application to the board, listed Urban Infotech Solutions, Urban Water Supply, Urban Communications Infrastructure, Urban Energy Transmission, Urban Energy Generation, Urban Infrastructure Constructions and Urban Energy Distribution as co-developers.

‘Co-developers have no expertise’


BoA is set to take up these applications soon, sources said.
It is understood that the revenue implications of inducting these codevelopers would be considered before a final decision is taken by the BoA. Initial screening indicates that these entities do not have any association with Mukesh Ambani or RIL, sources said. An RIL spokesperson declined to comment.
However, government sources emphasised that the need to introduce new entities as co-developers should be explained. Prima facie, they feel, these entities are shell companies that do not have any infrastructure expertise of their own.
“The company would be advised to turn more transparent on the origin and role of the seven co-developers. The BoA has not so far seen any project where seven co-developers apply in one go for clearance. If the SEZ company gets back with details, the proposal would be taken up at the BoA meeting on May 31,” government officials told ET.
BoA first discussed the proposal for the Navi Mumbai SEZ on March 17, 2006, but the final decision was deferred. “At that time, it was deferred as it was noted that the developer had finalised lease deed for only half the proposed project size. Then, the company was asked to approach the board after having the minimum prescribed quantum of land in their possession by way of ownership or lease,” the official said.
Of the seven co-developers who figure in the new proposal, Urban Infotech Solutions will operate in the areas of information, communication and entertainment services and Urban Water Supply will create water source and develop waste water system. Urban Communications Infrastructure, has sought the approval for taking and giving on lease, hire or let on hire on the business of running infrastructure for telecommunication.
Urban Energy Transmission has sought the BoA approval for developing, maintaining and operating power transmission system, while Urban Energy Generation plans to generate electric, thermal and hydro energy in the SEZ. Urban Infrastructure Constructions will primarily be the real estate developer for the project.
[email protected]

My comments:
All this URBAN ........ are Jai Corp entities.So watch out for the benefits from this project for Jai Corp, if the proposal is cleared.

 

[jnj333]

Locked on upper circuit 10%. It seems that the Navi Mumbai SEZ may get cleared on 31st May.Hoping for the best.

 

[ravi1967]

Locked on upper circuit 10%. It seems that the Navi Mumbai SEZ may get cleared on 31st May.Hoping for the best.

hai all,
i think that its pure market reaction to any news flow coming in.Beware of going long at this juncture as it can go either way.wait till it crosses 2300 levels
bye
ravi

 

[jnj333]

Next important date for this stock is 22 Jun when Navi Mumbai SEZ may be cleared.

 

[jnj333]

Again reached 3000 levels with up circuits. Next Fifteen days important for more picture to get clear for this stock.

 

[rajesh.sadhanala]

Again reached 3000 levels with up circuits. Next Fifteen days important for more picture to get clear for this stock.

It more looks like the previous pattern in the weekly charts, expecting to make more higher highs this time