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Corporate Governance |
A
n effective corporate governance is crucial for the management of a company's business affairs as well as for money market communication. Our commitment to higher corporate governance standards is our chance to
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- Demonstrate our dedication to well-balanced and transparent rules to the market participants
- Emphasize the importance of our clearly defined management tools and responsibilities internally
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Four Soft believes that sound corporate governance is critical to enhance and retain investor trust. Accordingly, we always seek to attain performance with integrity. The Board extends its fiduciary responsibilities in the widest sense of the term and aims at enhancing long term shareholder value and respect minority rights in all business decisions.
Four Soft in its continuous initiative and drive towards good governance and accountability, has uphold the corporate governance through ethical business practices, integrity and transparent business operations. Four Soft has full support of the board and employees in the corporate governance initiative.
At the core of the corporate governance practice is the board, which oversees how the management serves and protects the interests of all the stakeholders of the company. Four Soft believes that an active, well informed and independent board is necessary to ensure highest standards of corporate governance.
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Supervisory Board |
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Mr. Palem Srikanth Reddy |
Chairman -CEO & Managing Director |
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Mr. Douglas Terence Ash |
Independent Director |
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Mr. K. V. Vishnu Raju |
Independent Director |
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Mr. Sarath Naru |
Independent Director |
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Mr. K.V. Ramakrishna |
Independent & Nominee Director |
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Mrs. P. Mangamma |
Non- Executive Director |
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Brief Description of the terms of reference of the
Audit Committee |
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| The Audit committee reviews, acts and reports to Board of Directors on |
- Auditing and accounting matters, including appointment of statutory and internal auditors
- Compliance with legal and statutory requirements
- Integrity of company financial statements, scope of annual audit, fees paid to statutory and internal auditors
- Statement of related party transactions.
- Performance of Internal audit functions, accounting standards.
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Audit committee reviews the un-audited quarterly, half-yearly and audited annual financial results, with the management before submitting to the Board for its approval.
The audit committee comprises of three independent and non-executive directors. All the members of the Audit Committee are financially literate and the Chairman is financial management expertise.
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- K..V. Vishnu Raju : Chairman
- K.V. Ramakrishna : Member
- Sarath Naru : Member
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The Investor Grievance Committee administers the following |
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- Transfer, Transmission of shares
- Issue of Duplicate share certificates, as and when required
- Shareholders / Investors Grievances from time to time
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Members of the Committee |
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- Sarath Naru - Chairman
- K.V. Vishnu Raju - Member
- K.V. Ramakrishna - Member
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Annual Review Reports |
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Annual Review Reports |
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Annual Review Report  |
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Investors Services |
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F
our Soft is the world's largest transportation and logistics software products company providing innovative and integrated enterprise solutions ensuring customer satisfaction. Four Soft is headquartered in Hyderabad, India and has 10 Development Centres across the Globe to cater to large clientele. Four Soft currently has 379 customers with 53,000 plus users in across 120 countries.
Four Soft holds its Investors in high esteem and attaches great importance to investor relations. We have constituted the Investors Grievance Committee of the Board, consisting of independent directors and is represented by a compliance officer, to examine and redress shareholders and investors concerns / grievances.
For matters relating to shares transferred in physical form, share certificates, dividends, change of address, etc., shareholders should communicate with the compliance officer of the company or Karvy Computer Share Pvt. Ltd., the company's Registrar and Share Transfer Agent.
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Investor Rights and Responsibilities |
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Rights
Following are the Investor's Rights in the company |
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- To receive the share certificates, on allotment or transfer as the case may be, in due time.
- To receive copies of the abridged annual report, the balance sheet and the profit and loss account and the auditor's report.
- To participate and vote in general meetings either personally or through proxies.
- To receive dividends in due time once approved in general meetings.
- To receive corporate benefits like rights, bonus, etc., once approved.
- To apply to Company Law Board (CLB) to call or direct the Annual General Meeting.
- To inspect the minute books of the General meetings and to receive copies thereof.
- To proceed against the company by way of civil or criminal proceedings.
- To apply for the winding-up of the Company.
- To receive the residual proceeds.
The Shareholder may note that the above mentioned rights may not necessarily be absolute. For instance, the right to transfer securities is subject to the company's right to refuse transfer as per statutory provisions.
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Responsibilities |
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Shareholder may have so many rights as a stakeholder in the company, that should not lead to complacency, so as to discharge certain responsibilities to be specific,
- To remain informed
- To be vigilant
- To participate and vote in general meetings
- To exercise the rights on own or as a group.
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Depository and Dematerialisation |
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Shares are traditionally held in physically or paper form. This method has its own inherent weakness like loss/theft of certificates. Forged / fake certificates, cumbersome and time consuming procedure for transfer of shares etc., therefore, to eliminate these weakness, a new system called Depository System has been established.
A depository is a system which holds the shares in the form of electronic accounts in the same way a bank holds the money in a savings account.
Depository system provides the following advantages to an Investor.
- The shares cannot be lost or stolen or mutilated.
- The genuineness of the Shares can never be Doubted i.e.; whether they are forged or fake.
- Share transactions like transfer, transmission etc., can be effected immediately.
- Transactions costs are usually lower than on the physical segment.
- There is no risk of bad delivery.
- Bonus/rights shares allotted to Investor will be immediately credited to the respective account.
- Statement of accounts of transactions/holdings will be received by the Investor periodically.
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Grievance Redressal |
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Four Soft Ltd., follows up with the Depository Registrar and Transfer Agent on all complaints and enquiries received from shareholders regarding the Initial Public Offer and the transfer of shares with a view to resolving them quickly. For further assistance in this regard, shareholders are requested to contact
Seena Sankar
Company Secretary
Four Soft Ltd.
5Q1 A3, 5th Floor, Cyber Towers
Hitec city, Madhapur
Hyderabad - 500 033.
Tel: 040-2310 0600 / 01
Fax: 040-2310 0602
e-mail: investorinfo@four-soft.com |
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Depository Registrars and Share Transfer Agents of the Company |
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Mr. Subba Reddy
Karvy Consultants Ltd.
Karvy House, 46, Avenue 4,
Street No.1, Banjara Hills,
Hyderabad - 500 034.
Tel: (+91-40) 2331 2454, 2332 0251
Fax: (+91-40) 2331 1968
e-mail: karvyhyd@karvy.com |
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Board of Directors |
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Srikanth Palem, Chairman-CEO & Managing Director |
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Techno Entrepreneur has 15 years of experience in Supply chain & Logistics with companies like Emery World Wide and Hewlett Packard. Srikanth is an Industrial Engineering Graduate from REC, Trichy, India and a Post Graduate in Industrial Engineering from Stanford University, USA, and is based in India. |
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Douglas Terence Ash, Independent Director |
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Deputy Chairman of Direct Wines Ltd and former President of Exel, Doug is a Graduate in Industrial Economics from Nottingham University and a Post Graduate in Business Administration from the Harvard Business School, and is based in UK |
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K.V. Ramakrishna, Independent & Nominee Director |
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Ramakrishna joined Kotak Group in Nov 2004 and is one of the Partners of their Private Equity business. He has over 15 years of experience, with the last 13 years in Private Equity and Venture Capital. Prior to his current assignment, Ramakrishna was with Carlyle Asia Venture Partners (CAVP), a technology focused fund, part of the Carlyle Group. Prior to Carlyle, Ramakrishna was with ICICI Venture, the PE & VC arm of the ICICI Group, where he was a key member of the investment team. His investment experience spans sectors ranging from information technology, services and light engineering. Prior to his career in the Private Equity field, Ramakrishna worked for two years at the Management Services Division of Tata Motors (formerly, TELCO), the largest automobile company in India.
Ramakrishna adopts a value based investment strategy of controlling risks and aiming for long term growth. He believes strongly in guiding the business and growth strategies of portfolio companies with active board participation. He believes strongly in guiding the business and growth strategies of portfolio companies with active board participation.
Ramakrishna is a Computer Science & Engineering graduate from National Institute of Technology, Warangal and holds a post graduate degree in Management from the Indian Institute of Management, Bangalore.
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Sarath Naru, Independent Director |
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Sarath Naru is the Managing Director of APIDC - Venture Capital Limited and also heads Ventureast Funds.Sarath took over the Management of APIDC - Venture Capital Limited in 1995, in the first effective privatization of a financial institution in India. Prior to this, he worked for Procter & Gamble in the area of brand management in the USA and UK. He has also had manufacturing experience with VST Industries in Hyderabad. Sarath is an engineering graduate from IIT, Madras and an MBA (Finance) from University of Chicago.
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Vishnu Raju, Independent Director |
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K.V.Vishnu Raju is the Managing Director of Anjani Portland Cement Ltd and also the Chairman of Sri Vishnu Educational Society, which runs a host of several Educational Institutions. Currently his visionary guidance has enabled the team at Anjani to achieve a commendable turn-around performance. He started his career with Dupont, U.S.A. and later joined Raasi Cement Limited as Executive Director. His expertise in cement technology helped him bring about remarkable change at Raasi Cements, where he later became the Managing Director. Vishnu is a chemical engineering graduate from REC, Trichy, India and a post graduate from Michigan Technological University, USA.
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Corporate Chronology |
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1999 |
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 Four Soft Limited (Four Soft) was established, initially as Four Soft Private Ltd., at Hyderabad in the State of Andhra Pradesh ( India) by Mr. Palem Srikanth, with an objective to build the enterprise software/IT solutions in supply chain process management using advanced web technologie |
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2000 |
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| Four Soft's unit at Hitec City, Hyderabad is registered as 100% Export Oriented Unit under Software Technology Park scheme of the Govt. of India |
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2001 |
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Four Soft has set-up a wholly owned subsidiary Four Soft LLC, San Francisco (USA), to support implementation of products in the USA. |
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2003 |
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Four Soft was converted into a Public Limited Company with listings in NSE and BSE. |
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2004 |
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Achieved ISO 9001:2000 certification by BVQI
Acquired Cargo Mate International, a Netherlands based, premier transportation and freight forwarding software solutions company.
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2005 |
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Acquired Comex Frontier Pte Ltd, a Singapore based Software solutions provider and MY Comex Sdn Bhd, a Malaysian eCommerce solutions provider for Logistics.
Acquired DCS Transportation and Logistics Solutions division, a UK headquartered Transport & Logistics Software solutions major, with operations in UK, The Netherlands, US, France & Germany.
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2006 |
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Four Soft has set-up a wholly owned subsidiary Four Soft Singapore Pte Ltd to support implementation of products in the Singapore.
Four Soft has set-up a wholly owned subsidiary Four Soft Japan KK to support implementation of products in the Japan.
Acquired FWL Technologies, UK, a freight and Shipping Software Business through our wholly owned step Subsidiary Four Soft UK ltd
Acquired Transaxiom Holding A/S, a Denmark based company head quarters in Denmark and regional offices in Australia, UK, USA and Hong Kong.
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2008 |
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Four Soft presently has global footprint in more than 10 countries across the globe with 379 customer installations and more than 53,000 users. The Company currently employees more than 1,000 staff, including 300 plus foreign nationals. |
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