EXPLEO SOLUTIONS LTD

Expleo Solutions Limited is the leading Business Assurance and Testing Specialist focusing exclusively on the Financial Sector. With a successful track record of over 15 years, and more than 14 million person-hours of Testing, the company has served 150 plus customers in APAC, USA, UK and Middle East. It is a public company listed in both BSE and NSE with its registered office in Chennai. The company is ISO 9001:2015 and ISO 27001:2013 certified, both its Chennai Test centers are SSAE 16/ISAE 3402 compliant and one of the centers is PCI:DSS compliant. Expleo Solutions Limited helps clients reduce software product life cycle costs and develop 'business ready software' within compressed timelines, through intense domain focus, structured software testing methodologies, offshore delivery, and test automation expertise. The company also has the distinction of maintaining life-cycle standards in execution, coverage, quality and confidentiality. Its financial software testing services have helped system integrators and product development companies to achieve near defect-free rollouts of software products such as PRIME, TS2, VisionPLUS, OracleFLEXCUBE, T24, Equation, B@ncs24, CS Eximbills, FinnOne™, Kondor+, Pan Credit, TS2, Siebel, Newton, Kastle, Genius, Premia, MIDAS, ClarityQ and Finacle. Expleo Solutions Limited is part of the SQS Group, the world’s leading specialist in software quality. The financials of the company are almost static, RoCE is around 26.07% and at CMP its looks reasonably priced. So we give NEUTRAL rating to this buyback.

• 1 Mr. Rajesh Pirogiwal
• 2 Mrs. Sunita Pirogiwal
• 3 Miss Tanvi Pirogiwal