May 26, 2015: Kellton Tech’s share price has experienced a radical shift in the recent times. With other mid companies growing at mere 57%, Kellton Tech’s share price saw an avid rise of 811% over the last year. The swing is as much as Rs. 79/share from Rs. 8/share within a year.
- Gross revenue increased by 15% in Q3 Year 2015 against Q3 Year 2014. Net profit rose by 270% for the same quarter last year
- Gross revenue increased by 175% for the year ending June 2014
- Net Profit increased by 70.58% for the year ending June’2014
The major rise was telecasted on India’s leading news channel, CNBC-TV 18. Kellton Tech’s founder and Chairman, Niranjan Chintam shared the company’s plans to become a USD 100 million revenue company in the forthcoming year. The declaration was accompanied with a clean and well-structured plan to achieve the same. Mr. Chintam elucidated the hypothesis on overpricing by giving an insight to capability of price to rise amorphously.
The company is also expected to acquire an enterprise application firm with revenue of USD 40 million by next week. Besides, the current fiscal year shall bring in a few more acquisitions that would enhance the organization’s technological aspect, amplify its customer base and contribute to its inorganic growth.
Mr. Chintam shared the company’s profile and how it is benefiting from the e-commerce boom in India in an interview with NDTV Profit. He also explained the company’s expertise in WSMAC (Web, Social, Mobile and Cloud Computing), IoT and the latest technology. The company is all revered to surprise investors with a significant rise in share price and plans to acquire a few more companies with a plan to hire 500 employees globally by the end of FY15.
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