The shares are proposed to be listed at the stock exchanges of Chennai, Hyderabad and Bangalore. Vikaram Software is mainly promoted by S Sivakumar, an young entrepreneur, hardly has any exposure to the field of software development, except for his three years association with Vikram Software. He also does not possess any IT qualification. The other key management personnel have little exposure to the field which may not be sufficient when the company is expanding its activities to the e-commerce field.

The company is embarking up on a Rs 6-crore project which has been apprised and funded to the tune of Rs 60 lakh by City Union Bank Ltd. The project involves expansion of software development facilities including e-commerce projects, expansion of project training division and setting up offices in Mumbai and other places. Around Rs 3.27 crore will be invested in hardware and Rs 98 lakh in software. Besides, Rs 33 lakh is earmarked for working capital requirements.

The project is being financed through promoters' contribution of Rs 3.68 crore, public issue proceeds of Rs 1.5 crore, term loan of Rs 60 lakh and internal accruals of Rs 22 lakh.

Through this project, the company proposes to start the development of internet compatible RDBMS software for NSE/BOLT/DP (which can handle large volumes of data with ease and high speed), development and modification work for existing DBMS MSE/NSE/BOLT/DP software, e-commerce software for supermarket and show rooms for both Indian and overseas market, software for private insurance companies and project training centre for MCAs and students having other professional qualifications.

The company has been into developing accounting software package for stock brokers and has developed one software, VizaRD. Several south India-based brokers use its software. The company also generates income from maintenance. However, Vikram's scale of operations in the software field has been low.

The company caters to lower end of the market. For fiscal 1998, the company had generated Rs 3.15 lakh from software development and Rs 2.35 lakh from maintenance. On this, it recorded a net profit of Rs 26,000.For fiscal 1999, net profit improved to Rs 50,000 on total income of Rs 12.26 lakh. For the following fiscal, Rs 19.71 lakh came from software development and Rs 6.8 lakh from maintenance. Net profit also improved to Rs 20.83 lakh which gave an EPS of only 87 paise.

For the current fiscal, the company is targeting a net profit of Rs 1.22 lakh on net sale of Rs 3.2 crore.