Kale Consultants is a mid size IT company focusing in aviation ,Travel and Tourism Sector.What is important is the solid performance of the company even in a very tough environment in these sectors.It make possible by creating a niche in offerings. In 2011 ,Spain based AccelyaHolding World took over the control of the company.Accelya is a pioneer in airline software and BPO service for the travel industry for past 30 years.This company having operations in 104 countries across the world and handling the settlement of 40% total ticket sales through travel agents. With the support of Accelya ,KALE is offering comprehensive solution to the financial and decision support needs of an airline.Many of the renowned airlines like Gulf Air,Air India,Etihad,Jet Airways,Continental Airlines,Air France,Delta,Air New Zealand ,South African Airways..etc are the customers of Kale Consultants.Company’s offering in Passenger Revenue Accounting (PRA) Solutions includes – REVERA ,PRISM,APEX and AMBER.Kale’s other offerings for this industry is for Audit Services,Financial Management,Business Intelligence,Cargo Service..etc. Accelya made an open offer @ Rs.172 for 20 % stake and thereafter a buy back up to a maximum price of Rs.160/-..To align with the accounting period of parent company , Kale’s FY is from 1st July to 30th June.For the latest March quarter Company posted a turnover of Rs.54 Cr and a net profit of Rs.8.7 Cr .As I mentioned above , even in this tough situation in the user industry company could survive and grow and emerge as a leader. Now with the help of a well experienced patron with operations in almost all countries around the world KALE CONSULTANTS is expected to emerge as a winner going forward.At CMP of Rs.126/- ,buy it for medium to long term.
