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Elnet Technologies


Elnet Technologies is in the business of providing infrastructure to the business process outsourcing (BPO) industry.

It is engaged in letting commercial office space to software and BPO firms in Chennai.  Despite the recent economic slowdown, these industries are still exhibiting good growth rates.

The company reported stable operating profits on a stable revenue base – reporting about 9cr in operating profits on revenues of 17cr in the last financial year.  It did not operate with a net debt position as at 31st March, 2012.

The business is naturally exposed to the fortunes of the software/BPO industries.  These are, in turn, exposed to global economic slowdowns, adverse western policies on outsourcing, demand uncertainty, etc.

It is also exposed to oversupply in the industry where large scale commercial space availability is putting pressure on rates per sq ft and occupancy levels.

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