Kati Patang Lifestyle Limited
BBSE:KATIPATANG12.50
INR
+0.30
(+2.46%)
ISIN
INE237C01016
Return %
Stock
S&P 500
1Y
-26.30
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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INR
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in mil. unless spec.Company Description
- Sector
- Technology services
- Industry
- Packaged software
- Address
- New Delhi India
- IPO Date
- Jul 20, 1995
- Website
- virtsoft.com
- Similar Companies
- Business
- VirtualSoft Systems Limited operates primarily in the IT services and IT consulting industry, specializing in rich media content development, delivery, and management. Founded in 1998 and headquartered in New Delhi, India, the company offers a comprehensive suite of products and services including enterprise broadband digital communication solutions; virtual event platforms that support live and on-demand rich media interactions; cloud telephony; Voice over IP (VOIP) services; SIP trunking; international roaming services under its subsidiary Roam 1 Telecom Ltd; and a proprietary enterprise communication platform named vReach. The vReach platform integrates voice, data, and video functionalities over broadband and narrowband networks, enabling real-time virtual business meetings and events through web interfaces. Additionally, VirtualSoft provides rich media content creation, migration services, and digital knowledge management, catering primarily to large enterprises, associations, and media companies across India and select global markets. In recent major developments, VirtualSoft Systems Limited has undergone a strategic transformation including a name change to Kati Patang Lifestyle Limited effective September 2024, signaling a shift in corporate focus. The company divested its mobile roaming business by selling its holdings in its subsidiary Roam 1 Telecom Ltd in mid-2024. Simultaneously, the firm is intensifying its focus on enhanced communication and collaboration technologies such as web and video conferencing, Rich Communication Services (RCS) based platforms, cloud telephony, and connected device lifecycle management solutions. Despite operational challenges reflected in recent financial losses and declining revenues, VirtualSoft has engaged in capital infusion efforts to stabilize its financial base and is focusing on synergizing its divisions to increase market share and improve sales yield through strategic alliances and technological innovations. VirtualSoft’s core business segments revolve around digital broadband solutions, enterprise communication platforms, virtual events, and rich media content services, targeting large-scale enterprises, conference organizers, and media companies. The company leverages proprietary technology like the vCode system to ensure clear and seamless multimedia delivery over variable bandwidth environments. With a workforce of approximately 50-200 employees, VirtualSoft operates mainly out of India, serving a mix of domestic and international clients. Founded in 1998 in New Delhi, the company has evolved from purely IT services to a hybrid model focusing on immersive virtual communication solutions and digital content monetization. The latest shifts including the corporate rebranding, divestiture from telecom roaming, and emphasis on integrating cloud-based telephony and virtual conferencing platforms represent VirtualSoft’s strategic pivot towards becoming a leader in comprehensive virtual communication and collaboration solutions. These moves align with the global trends toward digital transformation in enterprise communication and event management sectors while addressing the financial sustainability challenges apparent from recent quarterly reports. VirtualSoft Systems Limited maintains its position as a significant player in virtual communication, digital event management, and broadband enterprise solutions within the Indian IT ecosystem, continually innovating through proprietary products and strategic partnerships to adapt to the evolving demands of global and local markets. Recent financial pressures underscore the ongoing need for operational efficiency and strategic execution in order to secure long-term growth and profitability.