Valuemart Info Technologies Limited (formerly known as GDR Software Limited) was incorporated on October 31, 1997 and commenced business in Bangalore in October 22, 1998. Its initial focus was on GIS solutions and the company went public in March 2000, to ramp up its infrastructure, resources and overseas offices. GDR Software was re-named as Valuemart Info Technologies in September 2004 to reflect its new business focus and activities. It brought in a fresh set of investors and new management team on board to revive and restructure the company. In-line with its contemporary business offerings, the company dropped the name GDR, which was the name of its original promoter.
Valuemart is currently in the process of expanding its business operations and has recently, brought in a new set of management talent. It is also raising additional resources to fund its operations for the next two years, which it will complete by March 2010. It currently has in excess of 16,000 shareholders and is widely held. Valuemart shares are listed on BSE and BgSE. Valuemart has a software development and BPO facility in Bangalore with 300 seats and will be expanding its operations through its own and subsidiary offices to multiple work locations in India and the US over the next six months.
Over the last 18 months, Valuemart has made strategic investments to strengthen its market presence as well as established viable lines of business. In pursuit of this Valuemart acquired Tejas Infoscripts, a legal BPO services company and Datatalk Services, a call center company. Valuemart’s own business lines consist of practices built on BPM based agile development and enterprise solutions and a set of BPO services for the financial services vertical. All of the practice areas will be fully-operational by the first quarter of FY 2008-09. Its US market presence will be leveraged through strategic tie-ups and in India it will have offices in Bangalore, Hyderabad and Mumbai. Its facility in Bangalore currently has 300 seats and is being expanded to about 600 seats by March 2008. Valuemart Info Technologies is an IT and BPO services company that works with contemporary and unique tools and technologies to develop and deploy customer centric business solutions across select industry verticals such as banking, financial services, insurance and manufacturing. Valuemart is listed on BSE (Bombay Stock Exchange) and BgSE (Bangalore Stock Exchange).
2000 - The company had allotted 1,13,17,200 fully paid-up equity shares of Rs 10 each including the allotment of 29,79,100 shares in the public issue on 15th May.
2001 - The board has decided to issue and allot 35 lakh equity shares of Rs 10 each to V Chandrasekhar and Meditech Software Ltc's associate group in a swap ratio of seven shares of the company for every one of MSL held for acquiring the said company. Bangalore-based GDR Software has proposed to acquire Hyderabad-based Meditech Software, which is engaged in development of software products for the healthcare industry, in an all-equity deal.
2005 - Valuemart Info Technologies has acquired a 74% stake in Tejas Infoscripts a Bangalore-based BPO Valuemart Info acquires 51% stake in HVO Technologies
IT services and solutions: -
Valuemarts technology solutions are built around various business themes offering ROI within 6-12 months on technology, improve business controls, retain software IPR and process assets within the organization, ensure data integrity and security and offer business continuity. Valuemarts’ focus is on enterprise business and commercial applications.
Valuemart has sourced a new generation software specification platform that is US patent pending. Valuemart uses this unique technology to specify enterprise solutions with minimal or no coding and also uses industry standard development platforms from leading technology vendors for any additional traditional programming needs/enhancements.
BPO Services & Solutions: -
VITL has launched its shared services platform using a BPM approach wherein the software platform for the service is specified based on the customer need and created rapidly from the base template repository of different business processes. VITLs' shared service platform currently offers the following services mainly targeted at the CFO function and business support. While going forward, VITL will be building similar platforms to target other functional areas such as human resources, logistics, supply chain, etc. most of which form business support functions for any organization. The platform can be tailored to any user needs very quickly using VITLs unique application specification environment built on a US patent pending technology.