Press Release
Tricom Enters Into Strategic Partnership With Hobs Legal Docs LTD Recommends 10% Dividend
Mumbai June 29, 2009 -
Tricom Document Management, specialist in electronic management solutions for active and legacy document globally has entered into a strategic partnership with Hobs Legal Docs Ltd, an organisation that is totally dedicated to the legal market and provides a full range of reprographics and technology services to law firms and corporations in the UK, USA and mainland Europe. Tricom Document Management is a 100 per cent subsidiary of Tricom India Ltd.
This strategic partnership with Hobs Legal will provide Tricom a platform to reach out the law firms and corporations in UK, USA and mainland Europe, especially in regard to the outsourcing of document reviews which can represent 90% of the costs in dealing with electronically stored information in an investigative or litigation context.
Hobs Group, is the largest independent, privately owned reprographics organisation in the UK and has been established for over fifty years. Hobs Legal Docs Ltd offers dedicated services to the legal profession and operates from a secure site in the heart of London^s legal industry. Hobs Legal provides a full range of reprographics and technology services to law firms in UK, USA and mainland Europe.
Chetan Kothari, Managing Director, Tricom India Ltd said “We are pleased to enter UK market through this partnership with Hobs that will widen our market presence and pave way for greater business potential.”
Hobs Legal Docs Ltd, Managing Director, Terry Harrison said, “I am delighted with this partnership forged from my long contacts with the industry in the USA. There is no doubt that in the effort to reduce the cost of litigation and regulatory investigations for their corporate clients, more law firms will look at outsourcing some part of the review of large amounts of documents and data.”
Annual Results
The company declared its annual results for the financial year 2008-09. On consolidated basis the company has achieved turnover of Rs 8526 Lakhs for the 12 months ended March 31st, 2009 as against Rs 5124 Lakhs for the previous year ended March 31st 2008, up by 66 per cent. Tricom’s consolidated net profit after tax stood at Rs 1414 Lakhs for the 12 months ended March 31st 2009.
The board of directors has recommended a dividend of 10% on the paid up equity capital of the company.
About Tricom India Ltd:
Tricom India Limited (BSE Code: 531675 NSE: TRICOM) is a non-voice ITES service provider for global businesses. Tricom and its subsidiaries have been serving prestigious set of clients in the government and public enterprises in sectors such as IT & Software, Legal, Title Insurance, General Insurance, Pharmaceutical & Logistics. Tricom is listed on NSE, BSE and Luxembourg Stock Exchange with offices in India and USA. The Company specializes in six major areas in data management and data capturing services which include Indexing, Title Plant Maintenance, Litigation Coding, E-Publishing and Healthcare Services in addition to Software Services. Tricom and its subsidiaries infrastructure consists of more than 1,00,000 sq ft. spread across three locations in Mumbai, one each in Nashik, Chennai, and Phoenix, Arizona in USA.
For more information contact:
Mr. Rahul Vyas Head Corporate Communication Tricom India Limited 09320115656
Ekta Asst. Corporate Communications Tricom India Limited Mob: 09920574516