Rolta's Nine Months' Consolidated Revenue Grows 59.7% and Net Profit 37.2%

The Company has won multi-million dollar projects for establishing 3D digital models for Dubai, the Sultanate of Oman, the path-breaking $25 M project for Abu Dhabi, and recently another large contract in Saudi Arabia.  With these significant wins, Rolta has established an enviable track-record for creating 3D City Models, and has developed a library of its own software tools, work-flows and specialized skills to effectively address this rapidly evolving multi-billion dollar market for e-governance and security.  

Rolta offers services and solutions for the complete lifecycle to implement Engineering Information Management solutions by leveraging its unique combination of engineering know-how, IT expertise and IP to win multi-million dollar contracts, at times even in the face of competition from the major consulting companies.  For example, the Company won a path-breaking project from Sadara, an alliance between the Saudi Arabian Oil Company and The Dow Chemical Company. The scope of work for this prestigious project, perhaps the largest of its kind, includes implementation and integration of 30 engineering applications to support all aspects of engineering work processes in all 26 plants of Sadara. The Company is now finalizing a multi-million dollar follow-on order for additional scope. This has opened a large market for the Company, and Rolta is working with several major companies to define the scope for similar upcoming projects.

Enterprise IT Consultancy, BI and Big Data Analytics 

Rolta has established itself in the BI and Big Data Analytics space by leveraging its large repository of sophisticated IP, notably Rolta OneView™, and industry expertise. The Company has worked on numerous ambitious projects in all markets. For example, for a US Healthcare company, Rolta is implementing an enterprise-level BI solution which analyses operational, financial and product data to provide actionable insights. Rolta delivered a comprehensive solution to a Middle East company for upstream O&G operations covering parameters for operational and asset integrity, planning and maintenance effectiveness, to provide predictive risk analysis. Rolta developed a solution using Predictive Analytics for a Utility company to analyze historical parameters and predict future consumption and capacity utilization. Rolta has also won projects in North America and Dubai in the Transportation segment. For example, in Canada, an analytics solution to provide congestion analysis, network capacity planning, and asset maintenance is being deployed. Many companies around the world have engaged Rolta to define their strategies for enterprise-level BI and Big Data Analytics, which are expected to yield large orders for the Company.

Rolta's Enterprise IT consultancy continued to grow with several multi-million dollar projects, including multi-year contracts for Managed Services. For example, in a $5 M engagement, Rolta designed the infrastructure configuration for a global automotive supplier to support the upgrade of their SAP environment, with responsibility for ongoing managed services. In the BFSI sector, a major Bank engaged Rolta for effecting financial transformation by unifying ALM, Financials and Risk Management Systems, bringing together accounting, finance and risk data to comply with regulatory requirements. A path-breaking engagement was by Flambeau, a North American diversified manufacturing company to carry out planning, design and implementation of the latest Oracle Fusion-based Cloud-ERP suite. This was one of the first deployments in the world of Oracle's new technology. Oracle expects that 60% of its ERP deployments in the next couple of years will be on this platform, and is working closely with Rolta as its implementation partner. In India, Rolta is working on major "Rural Livelihood" projects for two States to build transactional and reporting systems for access at the village level. This track record positions Rolta well for similar World Bank supported projects that are expected to be rolled out by all States with average investment of about Rs. 10 Cr each.

About Rolta: Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense, Homeland Security, Utilities, Oil & Gas, Financial Services, Manufacturing, Retail, and Healthcare. By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops exceptional solutions for these segments. The Company leverages its industry-specific know-how, rich repository of field-proven intellectual property that spans photogrammetry, image processing, geospatial applications, Business Intelligence, Big Data analytics, Cloud computing, and Software Defined Infrastructure for providing sophisticated enterprise-level integrated solutions. Rolta is a multinational organization headquartered in India. The Company operates from 40 locations worldwide through its subsidiaries, and has executed projects in over 45 countries. Rolta is listed on the Bombay Stock Exchange and National Stock Exchange. The Company's GDRs are listed on the Main Board of London Stock Exchange. The Company's 'Senior Notes' are listed on Singapore Stock Exchange.

 

Disclaimer: This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements", including those related to future financial and operating results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the market for open source solutions. You should be aware that Rolta's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Rolta management and are subject to a number of risks and uncertainties, including, but not limited to, Rolta's ability to integrate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a competitive position in the industry, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, and any other factors. The Company may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them. 


For additional information please visit  http://www.rolta.com, or contact:


    
    Atul Tayal
    Jt. MD & COO -
    Domestic Operations
    Member of the Board
     Email Contact
    Tel: +91 (22) 2926 6666
 
    Preetha Pulusani
    President - Americas
    Member of the Board
     Email Contact 
    Tel: +1 (678) 942 5000

    Pankit Desai
    President - Business
    Operations: Europe, Middle East and Africa
     Email Contact 
    Tel: +91 (22) 2926 6666


    Hiranya Ashar
    Director Finance & CFO
    Member of the Board
     Email Contact
    Tel: +91 (22) 2926 6666

SOURCE Rolta India Ltd

Contact:
Rolta India Ltd



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