BUSINESS SEGMENTS:
Vedavaag is not only an IT player but also conducts business in various sectors such as:
- E-Governance Solutions:-
- Knowledge Center Solutions
- Citizen Service Delivery Platform Management
- New Services e-Integration
1) Local body management solutions:-
VEDAVAAG delivered its Panchayat solutions to over 25 Panchayats in Andhra Pradesh and other Nagar Palikas in Madhya Pradesh. VEDAVAAG developed IT solutions for Mandal Parishad Development Office (MPDO) that helps in administration and control of various government sponsored schemes management. The application has been suggested for nation wide distribution by the Registrar General of India to MCD.
2) Employment Exchange Solutions:-
VEDAVAAG has designed the directorate of employment exchange portal for Ministry of Labour and Empoyment, Government of Delhi. VEDAVAAG is executing the facilities management contract since 2005.
3) Tourism & Transport solutions:-
VEDAVAAG has been a pioneer in e-ticketing/pass solutions for state road transport undertakings. VEDAVAAG has rendered these services for 6 years to Delhi Transport Corporation. Similar services have been rendered to North West Karnataka Road Transport Corporation, North East Karnataka Road Transport Corporation, Metropolitan Road Transport Corporation, Chennai, Thane Municipal Transport Corporation (TMT) and Navi Mumbai Municipal Transport Corporation. VEDAVAAG developed online reservations portal for Delhi Tourism and Transport Development Corporation (DTTDC).
> Under knowledge Center Solutions Vedavaag is operating in 3 segments:
1) Infrastructure Management Solutions:-
VEDAVAAG is executing IT Infrastructure management services contract for MCD teachers training since four years. VEDAVAAG is now taking up an order for e-learning infrastructure creation for over 600 schools in Bihar. The project will get a support price of Rs 21,000 per month per school for a period of 3 years from Govt. of Bihar that translates into revenue of over Rs 40 Crs.
2) Content Delivery Management Services:-
VEDAVAAG is launching education content delivery and testing solutions to serve the K1-K12 student community and leverage its market presence. The company by virtue of its CSC project has access to over 16 districts covering 8000 schools that gives tremendous opportunity to advance the e-learning solutions to the rural students.
VEDAVAAG has partnered with Microsoft and it is offering digital literacy solutions through its CSCs in Haryana and Bihar. VEDAVAAG already registered Rs 1000 per month per center computer education income in Haryana from its centers.
3) Pre-Employment Training Solutions:-
VEDAVAAG's reach to rural unemployed youth and its solutions for employment exchanges has offered a unique business opportunity of pre employment training solutions.
> Under Citizen Services:
1) Abhee- services at the door step:-
VEDAVAAG has setup citizen service bureaus to render municipal e-governance services through these centers in Delhi. VEDAVAAG has setup 38 centers in Delhi and now expansion plans are afoot to increase this to 100 plus centers.
VEDAVAAG received the mandate under National E-Governance program to setup 700 centers in Haryana and 1300 centers in Bihar. Already 1500 centers have been rolled out and the rest are in progress. These centers are being promoted as rural delivery platform for G2C, B2C and b2B services enablement in rural India.
Many service providers from Insurance (Birla Sunlife, HDFC, ICICI Pru, ICICI Lombard), Banking (SBI), Telecom (Idea, Airtel,BSNL) Education(Microsoft) and Retail sectors have evinced interest and made tie-up with VEDAVAAG.
VEDAVAAG has launched Agri Trading services through these CSC. It has deployed its transport to facilitate timely movement of material from/to farmers. The service has been greatly appreciated by the forming community. Now these services are being expected to all the centers from the pilot scale.
VEDAVAAG is launching health care services also from these CSCs that covers eye and ear care apart from the diagnostic services using mobile medical van.
> Now coming to e-integration:-
- Books
- Journals & Periodicals
- Newspapers
- Digital Archiving
- Scanning OCR
- Type Setting
- Forms Processing
- PDF & Other Conversion
- Chairman: JSR Durga Prasad, FCA and AICWA
- Managing Director: J Murali Krishna, MBA
- Director: V Umapathi, FCA
- Director: Dr. G T Murthy
- Director: B Locabhiram
- Director: J Sujatha
Now saying this, I am mentioning VEDAVAAG is a HIGH BETA STOCK, having a BETA of 1.22with sensex!! Its a stock which means HIGH RISK, HIGH RETURN! The co. has no pledged shares, but saying this I will mention as of now the stock is fairly valued or has a value of 32-34 max!! But considering the future growth and their expansions, its a sure-shot a minimum 2-bagger from CMP 29...
As mentioned in the previous post, the co. is planning to expand more and more! Recently they acquired Synaptic Systems Private Limited - a software product development and implementation services company with primary focus on Primary Agricultural Coop Societies. More info will be shared as and when time arrives!
UPDATE 24th July, 2018:-
Vedavaag earlier rallied from 29 to 84 giving nearly 2bagger returns and is now back to pavilion... Scrip again available around 30, a value buy! The only issue that remains is low promoter holding! Overall a decent bet.Also Porinju is no longer holding vedavaag, he exited in Q2FY2017-18. A risky bet, but it's worth the risk!
Disc:- All the info are based on the writer's own research/gathered from public domains. The writer of this Blog is neither any advisor nor related to any brokerage houses!! The writer might be himself invested in the stock after his own research so the views might be biased. Please do your own research before investing. The writer of this blog won't be held responsible for any of your profit/loss in your investment/trading career!
goood effert
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