Kale to implement Custodian Management system for one more airport

Following the implementation of a Custodian Management system at an International airport in India, one more airport has contracted Kale Consultants Limited (Kale), the leading provider of software solutions and outsourced services to the Travel & Transportation industry, for implementing a similar system.
A prominent travel agency in India has engaged Kale to develop an integrated solution platform to connect its multiple suppliers and enhance their ability to offer multiple products and cross-selling opportunities.
In addition the solution will also cater to complete automation of operational fulfillment activities of the company’s corporate travel division.
Kale Consultants Limited has recorded Operational revenues of Rs. 205.16 million for the quarter ended June 30, 2007 as compared to Rs. 170.15 million for the corresponding quarter of the previous year, a growth of 21 %.
The company recorded a PBT of Rs. 13.49 million as compared to Rs. 18.03 million for the corresponding quarter of the previous year. The PAT stands at Rs. 11.65 million excluding the exceptional item of sale of property situated at Andheri.
Commenting on the performance, Mr. Vipul Jain, CEO & Managing Director said, “The sharp appreciation of the rupee is a challenge for all of us in the IT industry. Our growth and profitability would have been better but for this impact. We believe that our differentiated business model will enable us to address these challenges effectively in the near term.”
Highlights for the Quarter ended June 30, 2007
The profit after tax is Rs 114.9 million, with the sale of our office premises in Andheri contributing Rs 103.3 million. The premises were sold because they were inadequate to meet our needs for growth and the company has a long term plan to build it’s own campus at Thane.
Meanwhile, a leading West African airline is in the process of outsourcing its Passenger Revenue Accounting functions to Kale-MPS®.
An online hotel reservations specialist and leading tour operator has engaged Kale to develop a hotel management component to their overall online offering.
A global life insurance company has contracted Kale to outsource the support of their AllFusion Gen applications.
About Kale Consultants:
Kale Consultants is a leading end-to-end technology solutions provider to the Travel & Transportation industry. Renowned for its award winning, innovative and industry acknowledged solutions; Kale’s offerings include ‘best-of-breed’ technology, ‘global best practice’ BPO and unparalleled domain knowledge. A thought-leader in transformational outsourcing value propositions, Kale consistently offers – “Solutions that Think”.
Incorporated in 1986, Kale has keenly focused on the airlines, logistics and travel & hospitality industries. Over the years Kale has built a 900+ strong organization successfully addressing the needs of over 60 satisfied customers in 30 countries. These include the distinction of working with industry leaders on landmark multi-year engagements such as bmi, lastminute.com, Qatar Airways, Continental Airlines, Indian and Air India etc to name a few.
Kale’s mission is to establish itself as one of the top three solution providers in it’s chosen markets. Kale strives to achieve this by constant innovation to provide the industry with new value propositions.
31/07/07 PRESS RELEASE, Kale Consultants Limited

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Categories: Airports Aug 2007, General Aviation Aug 2007