palred technologies - E commerce benificiary

About the company -

Palred Technologies is operating with the objects of building multiple verticals in IT and IT related businesses postsale of the core business in October 2013. These new domains of business will include IT services, Software solutions for Media & Entertainment Business, online businesses such as etailing, online financial services portals, and online entertainment. In addition they are also exploring direct entry into Media & Entertainment domain. They have acquired and plan to continue to acquire a lot of IP, content, technology, knowhow and perhaps operating businesses to be able to get a start into these verticals as they do not possess these internally in the company. While systems and processes are being implemented, to commence these business operations, trial run of latestone.com is in progress.

Why to invest?

1.       Ecommerce business –

     We have seen Just Dial and other e commerce business (unlisted entities like flipkart, snapdeal and cab aggregator business like olacabs) are getting lots of funds from private players. Since palred is gearing up for compete in the same business, there will be enough room for business to grow considering demand in India.

2.       Excellent Management Record –

Palam Srikanth Reddy, founder of Palred did BE from REC Trichy and M.S from Stanford, US. He worked as Logistics Manager at HP,Singapore and rose to become MD, Emery Worldwide India (Now UPS). He founded Foursoft and sold off Foursoft (dealing in logistics software) to kewill Group and gave shareholders extreme reward in terms of 29 Rs dividend.

3.       Financial Performance will improve with right acquisition –

During the year under review, your Company has acquired on January 8th 2014, Deals15.com from Premium Web Services which provides internet services and software services/solutions to business to business e-commerce and website development for the purpose of business operations in online e-commerce as it is being emerged as a profitable area of business and it would be an effective way to initiate the business post sale of Four Soft Limited.

We believe company can do wonders if there are good management with enough growth in business, since in the past management has shown the same, we do not wish to miss the opportunity to catch the company in its infant stage. Hence, we initiate a positive recommendation on the company with the target of 35 Rs.