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Octaware Technologies

Topic: Company

 From HandWiki - Reading time: 4 min

Octaware Technologies is a software development company based in Mumbai , India. It was incorporated in 2005. It is India's first company claiming sharia compliance that has been listed on the Bombay Stock Exchange, the listing happened on 3 April, 2017.[1][2] It received approval for listing in early 2016.[3][4][5][6][7] The company operates domestically and internationally with subsidiaries registered in United Arab Emirates, United States, and India. It has marketing offices in Zimbabwe, Nigeria, Saudi Arabia and Qatar.[4]

Profile and products

The company is SEI-CMMI Level 3, ISO 9001:2008 and rated “SE-2A” High Performance Capability and High Financial Strength by NSIC-CRISIL.[8][9][10][11] Octaware is a member of the Electronics and Software Promotion Council.[12]

Octaware provides specialized software application and product development services in the areas of healthcare, finance, and e-government industry. The company has proprietary products for domestic as well as international markets, such as PowerERM – Human Capital Relationship Management, Hospice – Healthcare and Citizen services, and iOnAsset – Inventory management and tracking System etc. These products are available as packaged products as well as software-as-a-service model integrated with legacy system.[4][13]

People

Aslam Khan is Chairman and CEO of the company. Aslam Khan is a member of NASSCOM Foundation's Business Responsibility Forum.[14] He is an alumnus of M. H. Saboo Siddik College of Engineering, and worked in Japan and the US before his return to India in 2005.[15] Shariq Nisar, academic, activist and finance professional is a non-executive independent director.[16]

CSR initiatives

Octaware Technologies has designed material for a training programme at the National Association for the Blind's Employment and Training (NABET) centre, which enables NABET personnel to train those with sight impairment in software testing; it has also provided trainee opportunities to work on professional assignments.[17] CEO Khan is the founder of a school for children with special needs and a multi-speciality hospital in Mumbai. These are based on the social entrepreneurship model.[18] Khan has been invited to speak with students so as to acquaint them with the opportunities available in the software industry in terms of employment and entrepreneurship.[19][20][21][22]

References

  1. ↑ "Octaware Technologies becomes 176th company to list on BSE SME". http://indiatoday.intoday.in/story/octaware-technologies-becomes-176th-company-to-list-on-bse-sme/1/920402.html. 
  2. ↑ "India's first fully sharia compliant company' Octaware Technologies Limited,lists on the BSE" (in en). Sify. http://www.sify.com/finance/india-s-first-fully-sharia-compliant-company-octaware-technologies-limited-lists-on-the-bse-news-equity-reep6ddagdeia.html. 
  3. ↑ "Sharia-compliant Octaware Technologies gets BSE nod to list". The Economic Times. http://economictimes.indiatimes.com/markets/sharia-compliant-octaware-technologies-gets-bse-nod-to-list/articleshow/51139059.cms. 
  4. ↑ 4.0 4.1 4.2 "India's first Sharia compliant company gets BSE SME approval". CNBC. February 26, 2016. http://www.moneycontrol.com/news/sme/india%25E2%2580%2599s-first-sharia-compliant-company-gets-bse-sme-approval_5658861.html. 
  5. ↑ "Sharia-compliant Octaware Technologies gets BSE nod to list". Business Standard. 2016-02-25. http://www.business-standard.com/article/pti-stories/sharia-compliant-octaware-technologies-gets-bse-nod-to-list-116022500468_1.html. "The company has appointed a Sharia consultant to oversee the compliance of the Company's operations." 
  6. ↑ "Sharia-compliant Octaware Technologies gets BSE nod to list". indiatoday.intoday.in. http://indiatoday.intoday.in/story/sharia-compliant-octaware-technologies-gets-bse-nod-to-list/1/605006.html. 
  7. ↑ "Octaware Technologies Limited: Private Company Information". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=321216297. 
  8. ↑ "Published Appraisal Results". http://www.cmmiinst.com/pars_detail.aspx-a=21942.htm. 
  9. ↑ "Octaware Technologies – Appraised by SEI CMMI – Maturity level 3 and Certified NSIC- CRISIL Rating of 'SE 2A'". businesswireindia.com (Press release). Business Wire India. Retrieved 2016-03-14. External link in |publisher= (help)
  10. ↑ "Octaware Technologies – Appraised by SEI CMMI – Maturity level 3 and Certified NSIC- CRISIL Rating of 'SE 2A'". https://www.telegraphindia.com/?mode=details&id=39251. 
  11. ↑ "Top 8 IT Companies in Qatar". http://www.qatarday.com/blog/information/top-8-it-companies-in-qatar/1642?pg=4. 
  12. ↑ Chile, Biblioteca del Congreso Nacional de (2014-04-15). "Observatorio Asiapacifico" (in es). http://observatorio.bcn.cl/asiapacifico/noticias/empresas-tecnologicas-india-empresarios-chilenos. 
  13. ↑ "Software: Company Overview of Octaware Technologies Limited". Bloomberg Business. Bloomberg L.P. 2016-03-10. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=321216297. 
  14. ↑ "Steering Committee For Regional Forums". NASSCOM. https://www.nasscomfoundation.org/get-engaged/business-responsibility-forum/steering-committee-for-regional-forums.html. 
  15. ↑ Ansari, Shahab (2011-01-17). "قیمتیمعلوماتکےساتهصابوصدیقاسکولمےکریرءفیسٹکامیابیکےسآتهاختتامپزیر" (in ur). The Inquilab. 
  16. ↑ "Shariq Nisar: Executive Profile & Biography - Bloomberg". https://www.bloomberg.com/research/stocks/private/person.asp?personId=321316927&privcapId=321216297&previousCapId=321216297&previousTitle=Octaware%20Technologies%20Limited. 
  17. ↑ "Inclusion and Social Transformation-NASSCOM". http://www.nasscom.in/inclusion-and-social-transformation?fg=330232. 
  18. ↑ "iCMG Architecture World '12 – Profiles – Aslam Khan". http://www.icmgworld.com/corp/events/architecture_world_12_Bangalore/2012/profile_aslam_khan.asp. 
  19. ↑ "Seminar on 'Career guidance' held". The Hindu. 2015-04-09. 
  20. ↑ "Seminar on Career Guidance at Urdu Varsity". Indian Express. 2015-04-09. 
  21. ↑ "اردویونیورسٹی پالیٹیکنیک مےکیریرءگائیڈنس پروگرام" (in ur). Rashtriya Sahara. 2015-04-09. 
  22. ↑ "اردویونیورسٹیپالیٹیکنیکمےکیریرءگائیڈنسپروگرامکاانعقاد" (in ur). Etemaad. 2015-04-09. 



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