3i Infotech seeks to connect rural India

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: to provide SAP. consulting and implementation services to customers across the world.

It was a very challenging phase for the company as they were building a world-class implementation practice from scratch. Logix started with implementing small projects for large software companies such as Hewlett Packard, Cap Gemini and Origin. As the Company gained experience and confidence it started pitching for implementation contracts directly in the Middle East. The business grew steadily and also added CRM to the list of competencies in the year 2000. The company went public in October 1999.

The company went through a very tough phase during 2000-01 as the entire industry went through a downturn and many companies closed down. Soni realised that unless Logix re-invented and built up domain expertise it would be extinct very soon and that’s how he decided to get into software products.

Plethico Pharma acquires Tricon Holdings

At a time when companies are cautious about outbound mergers and acquisitions, Plethico Pharmaceuticals Limited recently acquired a subsidiary of Tricon Holdings Limited in Hong Kong, which is a leading pharma retail company with sourcing base in the UAE. Under the agreement, 20% of outstanding shares will be acquired in the subsidiary for a cash purchase of $20 million.

The company had few months back acquired Natrol, a leading manufacturer and marketer of branded nutritional products in the US, and expanded its global footprint to the regulated markets of the US and Europe.

Says Chirag Patel, CEO and director of Plethico, “The acquisition will help Plethico to consolidate its position in the Commonwealth of Independent States market. Plethico Pharmaceuticals Limited is a leading pharmaceutical company with a strong emphasis on the herbal and neutraceutical segments. The company, which was established in 1991 and focused on manufacturing and marketing a range of branded generic pharmaceutical formulations, has rapidly evolved and now engages in manufacturing, marketing and distribution of pharmaceutical and allied healthcare products in the neutraceutical and herbal segments in India and internationally.

Domestically, Plethico operates in the segments of sports nutrition, confectionary and OTC. In addition to the OTC segment, Plethico is also a leading player in the CIS, Africa, South East Asia, and Latin America.