Octaware Technologies

Octaware Technologies is a software development company based in Mumbai, India. It was incorporated in 2005. It is India's first company claiming sharia compliance that has been listed on the Bombay Stock Exchange, the listing happened on 3 April, 2017.[1][2] It received approval for listing in early 2016.[3][4][5][6][7] The company operates domestically and internationally with subsidiaries registered in United Arab Emirates, United States, and India. It has marketing offices in Zimbabwe, Nigeria, Saudi Arabia and Qatar.[4]

Profile and products

The company is SEI-CMMI Level 3, ISO 9001:2008 and rated “SE-2A” High Performance Capability and High Financial Strength by NSIC-CRISIL.[8][9][10][11] Octaware is a member of the Electronics and Software Promotion Council.[12]

Octaware provides specialized software application and product development services and solutions in the areas of healthcare, finance, and e-government industry. The company has proprietary products for domestic as well as international markets, such as PowerERM – Human Capital Relationship Management, Hospice – Healthcare and Citizen services solution, and iOnAsset – Inventory management and tracking System etc. These products are available as packaged products as well as software-as-a-service model integrated with legacy system.[4][13]

People

Aslam Khan is Chairman and Managing Director of the company. Khan is a member of NASSCOM Foundation's Business Responsibility Forum.[14] He is an alumnus of M. H. Saboo Siddik College of Engineering, and worked in Japan and the US before his return to India in 2005.[15] Nisar Shariq, academic, activist and finance professional is an non-executive independent director.[16]

Awards

Among the awards garnered by the company are the Red Herring Asia Top 100 award 2010; Deloitte Technology Fast 50 award 2011; Most Innovative Company of the Year 2012 in Asia, Australia and New Zealand; Silver Stevie winner; Global IT Architecture Excellence Award in 2013; and Global CSR Excellence and Leadership Award 2014 for "Contribution to Employment for Individuals with Disabilities".[4][17][18]

CSR initiatives

Octaware Technologies has designed material for a training programme at the National Association for the Blind's Employment and Training (NABET) centre, which enables NABET personnel to train those with sight impairment in software testing; it has also provided trainee opportunities to work on professional assignments.[19] CEO Khan is the founder of a school for children with special needs and a multi-speciality hospital in Mumbai. These are based on the social entrepreneurship model.[20] Khan has been invited to speak with students so as to acquaint them with the opportunities available in the software industry in terms of employment and entrepreneurship.[21][22][23][24]

References

  1. ↑ "Octaware Technologies becomes 176th company to list on BSE SME". Retrieved 2017-04-12.
  2. ↑ "India's first fully sharia compliant company' Octaware Technologies Limited,lists on the BSE". Sify. Retrieved 2017-04-12.
  3. ↑ "Sharia-compliant Octaware Technologies gets BSE nod to list". The Economic Times. Retrieved 2016-03-11.
  4. 1 2 3 4 "India's first Sharia compliant company gets BSE SME approval". www.moneycontrol.com. CNBC. February 26, 2016. Retrieved 2016-03-11.
  5. ↑ "Sharia-compliant Octaware Technologies gets BSE nod to list". Business Standard. 2016-02-25. Retrieved 2016-03-11. The company has appointed a Sharia consultant to oversee the compliance of the Company's operations.
  6. ↑ "Sharia-compliant Octaware Technologies gets BSE nod to list". India Today. indiatoday.intoday.in. Retrieved 2016-03-11.
  7. ↑ "Octaware Technologies Limited: Private Company Information". Businessweek.com. Retrieved 2016-03-11.
  8. ↑ "Published Appraisal Results". www.cmmiinst.com. Retrieved 2016-03-14.
  9. ↑ "Octaware Technologies – Appraised by SEI CMMI – Maturity level 3 and Certified NSIC- CRISIL Rating of 'SE 2A'". businesswireindia.com (Press release). Business Wire India. Retrieved 2016-03-14.
  10. ↑ "Octaware Technologies – Appraised by SEI CMMI – Maturity level 3 and Certified NSIC- CRISIL Rating of 'SE 2A'". The Telegraph. Retrieved 2016-03-14.
  11. ↑ "Top 8 IT Companies in Qatar". Qatarday. Retrieved 2016-03-14.
  12. ↑ Chile, Biblioteca del Congreso Nacional de (2014-04-15). "Observatorio Asiapacifico". Observatorio Asiapacifico (in Spanish). Retrieved 2016-03-14.
  13. ↑ "Software: Company Overview of Octaware Technologies Limited". Bloomberg Business. Bloomberg L.P. 2016-03-10. Retrieved 2016-03-11.
  14. ↑ "Steering Committee For Regional Forums". NASSCOM Foundation. NASSCOM. Retrieved 2016-03-11.
  15. ↑ Ansari, Shahab (2011-01-17). "قیمتیمعلوماتکےساتهصابوصدیقاسکولمےکریرءفیسٹکامیابیکےسآتهاختتامپزیر" ['Career fest' culminates with the provision of valuable information at Saboo Siddik School]. The Inquilab (in Urdu).
  16. ↑ "Shariq Nisar: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2017-07-04.
  17. ↑ "Company/Organization Awards: Stevie Awards". stevieawards.com. Retrieved 2016-03-14.
  18. ↑ "World CSR Congress". www.worldcsrcongress.com. Retrieved 2016-03-14.
  19. ↑ "Inclusion and Social Transformation-NASSCOM". www.nasscom.in. Retrieved 2016-03-14.
  20. ↑ "iCMG Architecture World '12 – Profiles – Aslam Khan". www.icmgworld.com. Retrieved 2016-03-14.
  21. ↑ "Seminar on 'Career guidance' held". The Hindu. 2015-04-09.
  22. ↑ "Seminar on Career Guidance at Urdu Varsity". Indian Express. 2015-04-09.
  23. ↑ "اردویونیورسٹی پالیٹیکنیک مےکیریرءگائیڈنس پروگرام" [Career guidance programme in Urdu University – polytechnic]. Rashtriya Sahara (in Urdu). 2015-04-09.
  24. ↑ "اردویونیورسٹیپالیٹیکنیکمےکیریرءگائیڈنسپروگرامکاانعقاد" [Career guidance programme arranged in Urdu university]. Etemaad (in Urdu). 2015-04-09.

http://www.octaware.com/

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