Mr. Chalapathy Rao, the Senior Functionary of Coromandel Infotech India Limited, attending a function held in Komireddypalli to commemorate Platinum Jubilee of Reserve Bank of India, stated that with Smart Cards, payments will be directly disbursed to the National Rural Employment Guarantee Scheme (NREGS) and Social Security Pensions (SSP) beneficiaries at their doorstep.

He detailed that on behalf of State Bank of Hyderabad, Coromandel Infotech is involved in the process of enrollment and issuance of Smart Cards. He mentioned that enrollment process has commenced from 01 February 2010 and the Company has set a target of issuing 1.67 lakh Smart Cards by 31 March 2010. He also added that disbursement of NREGS and SSP funds through Smart Cards will commence from 01 April 2010.

He also elaborated that fingerprints and other personal particulars of each and every beneficiary will be stored in the Smart Cards issued to the beneficiaries.

Dr Subir Gokarn (Deputy Governor of RBI) gave away the first Smart Card to a beneficiary from Kanduru of Addakula Mandal during the function.

State Bank of Hyderabad along with its Technology Service Provider – Coromandel Infotech India Limited held a Press Meet in the Roads & Buildings Guest House. Mr. Chalapathy Rao, the Senior Functionary of Coromandel Infotech India Limited, while addressing the gathering announced that 1, 67,000 Smart Cards will be issued in the district by 30 March 2010.

The Senior Functionary, mentioned that beneficiaries of National Rural Employment Guarantee Scheme (NREGS) and Social Security Pension (SSP) will be highly benefited with the secured mode of payment through Smart Cards. The Smart Cards enrollment process has commenced in the district from 01 February 2010 and steps are being taken to issue 3 lakh Smart Cards during the current year.

He detailed that during the enrollment process, the address, photograph and fingerprints of the beneficiaries will be captured. He also added that the personalized smart cards will be issued to the enrolled beneficiaries within 15 days.

Coromandel Infotech India Limited’s managers Mr. Rajiv Manchanda, Mr. Dinesh Nair, and Mr.Chakrapani also participated in the Press Meet.

Chairman and Managing Director of Bank of Maharastra,
Shri Allen Pereira inaugurated the Smart Card based Financial Inclusion Project for Pune Urban area and issued the smart cards to the identified beneficiaries.

Mr. Ajay Banerjee, General Manager - Planning, Bank of Maharashtra & Mr. S.Padmanabhan, Executive Vice President, Coromandel Infotech were present during the inauguration function apart from other officials from the bank and local bodies.

SALEM: Salesmen in fair price shops should ensure proper distribution of essential commodities and kerosene under the Public Distribution System (PDS) with correct measurement.

Otherwise, consumers will harbour ill feelings against the popular government, said Joint Registrar of Co-operative Societies (Salem Region) K. C. Ravichandran.

Distributed: Presiding over a function in which electronic billing machines were distributed to kerosene outlets here on Saturday, Mr. Ravichandran, who took charge recently, said that 15 outlets had been attached to 115 fair price shops covering 1.09 lakh cards.

To ensure correct measurement and proper billing, electronic billing machines had been distributed to the salesmen, he further pointed out.

Training camp : He said that to make salesmen familiar with the new technology, a training camp by Coramandal Infotec had also been organised.

He called on the salesmen to distribute essentials to the people without any shortage. “Otherwise it will reflect on the performance of the popular government. Hence each and every salesman should discharge their duties with commitment,” he said.

He also said that the Re. 1 per kilogram rice scheme was targeting only the poor. The equipment had been introduced to help measure quantities accurately for purchasers. Fair price shop salesmen should make the people aware that commodities could be purchased on all days. “They should instil confidence in the minds of people that all will be ‘fair’ in fair price shops,” he said.

The equipment would also enable the salesmen to update the procurement details, and easily keep track of stock position, sales trend and coverage of cards under a particular scheme.

“It will save enormous time for all,” he said.

Coromandel Infotec’s Marketing Development Executive A. Ravindra Bharathi, its software engineer Ramkumar, PDS Deputy Registrar Anbanandam and other officials participated.

http://www.hindu.com/2009/11/09/stories/2009110951160300.htm

NASSCOM EMERGEOUT CONCLAVE 2009 was held in Apr 29th 2009. The theme this year is "Survival & Growth Strategies for Indian IT SMEs". In this event, Mr. Rajendra Raja of Coromandel Infotech India Ltd was recognized for his outstanding contribution to the NASSCOM emerge out community.

Mr. Som Mittal, President, NASSCOM &
Mr. Krishnakumar Natarajan, CEO of MindTree Ltd. Presenting the award to our Mr. V. B. Rajendra Raja on 29th April 2009 at the NASSCOM conclave.

Coromandel Infotech, an emerging industry leader in Smart Card & RFID Technologies, IT Solutions & Services is looking for talented & innovative IT professionals to join the workforce and to be part of our ambitious growth plan.

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G.Narayanan, Executive Director of Indian Overseas Bank, handing over a ‘smart card’ to a beneficiary at Kameswaram village in Nagapattinam district on Thursday.
Source: The Hindu Press Release, 19 June 2008

NAGAPATTINAM: Indian Overseas Bank on Thursday launched its ‘IOB-Sampoorna’, a special scheme for total village development in the tsunami-hit Kameswaram in Nagapattinam district.

Bank Executive Director G. Narayanan, who launched the scheme, said that the bank had already launched the scheme in Kuthambakkam and Padur villages near Chennai in Tamil Nadu and would introduce it in more villages.

He pointed out that the scheme envisaged total village development covering greening of the villages, desilting of tanks and lakes, financial assistance to women and youth, better residential and medical amenities, etc. The scheme also encompasses creation of awareness among the local populace about sanitation and modern techniques in agriculture. The adopted villages will be provided with health care, tree planting, educational classes, toilet facility, rural tourism, rural housing, etc, he said.

Mr. Narayanan said that assistance would be given in the form of concessional finance or donation. The credit limit for women self-help groups had also been enhanced from Rs.50 lakh to Rs. 1 crore, he said.

He also handed over smart cards to the villagers of Kameswaram. The smart card offers a perfect IT solution for door-step banking initiated through the process of financial inclusion in catering to the unbanked sector by providing a secure solution with mobility.

IOB has chosen ‘smart connect’ of the Coromandel Infotech as the solution for its smart card pilot project launched in Kameswaram village in Nagapattinam district.

He appreciated the Development Promotion Group, a Chennai-based non-governmental organisation for carrying out tsunami relief, rehabilitation and reconstruction works in the State and for handing over 59 permanent houses to the tsunami-hit families in Kameswaram village built at a cost of Rs.1.73 crore in March this year.

DPG Chief Executive Officer R. Bhakther Solomon, who delivered the special address, said that it had constructed 822 permanent houses in six villages in Nagapattinam and Tuticorin districts and had the credit of handing over all the houses in time to the tsunami-hit families.

Coromandel Infotech India Ltd (C2IL) has won this year’s Oracle "PARTNER OF THE YEAR 2008 - Mid Market ISV" held in Hyderabad on 25th April 2008. Oracle has 450 partners in the India and hosts an annual awards ceremony to recognise outstanding performance. The Oracle Partner of the Year award recognises C2IL's commitment to working with Oracle to bring innovative, high value solutions to its customers.

Receiving the award, Mr. Anandnarayanan G, the vice president of C2IL said: "Winning the Oracle partnership award is an achievement and a real credit to talented and hard working team at C2IL. In the last few years, we have built a solid working relationship with Oracle and we look forward to continuing to reap the rewards of our partnership. The award demonstrates C2IL’s capability to deliver innovative and workable solutions that give clients the business value they are looking for.”

IC INFOTECH Global delivery center & other service centers in India name changed to Coromandel Infotech India Ltd. The reverent copy of “Fresh Certificate of Incorporation consequent upon change of name has been issued by the Registrar of Companies, Tamil Nadu, Chennai” and a scanned copy can find by clicking here.

Outsourced to Coromandel Infotech, this was biggest implementation, in its way for any of the partners till date. The legacy application replaced was Finacle 7.0.4. BOB was the pioneer in implementing Finacle in Mauritius and has played a key role in establishing Finacle as a Banking product in the territory. The combined entity has 8 functional branches, including a mobile Banking unit

There were multiple systems being used, which has been replaced in many cases, and some interfaces have been interfaced. The Legacy Finacle had around 400 odd reports, which have been rationalized and the same is provided in ONS.Extensive ONS customization done for BOB, Mauritius. This was a part of the Bank of Baroda, International roll out.