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Vedavaag Systems

Posted on: December 6th, 2017 at 10:39 am

Vedavaag Systems Ltd is a rapidly expanding Software development and e-Business solutions company committed to provide solutions in the field of e-Business Retailing and services, e-Governance, Managed Infrastructure and Enterprise Applications.

Currently trading at 53, having a book value of 33.17 and 0 debt.

The company has well defined software development and solution delivery methodology RACE Requirement Collection, Analysis, Coding and Establishment to ensure total quality solutions. The company acquired ISO 9001- 2000 certification in its e-governance applications development and services delivery. The company is a pioneer in providing e-ticketing solutions Transport sector and internet based and client server architecture based solution for Local body governance such as Municipal Corporations, Nagar Palikas, Block Development offices and Panchayats.


Financial Inclusion:

Vedavaag has become the national Business Correspondent for State Bank of India apart from being BC for State Bank of Patiala. This new addition is expected to facilitate multiword growth in coverage area and volume of financial transaction services rendered by us.

We are facilitating servicing for over 20 lakh house holds spread across 1500 panchayats in the rural India. We are keen to enhance our service portfolio into other areas such as BFSI, health care, and retailing to leverage our rural reach.


Vedavaag has been in the top 20 enrolment agencies in the country and facilitated Aadhar enrolment services for over 1.5Cr population. The company has been operating more than 500 permanent enrolment censers to facilitate service in the neighbourhood of the rural citizen. The company is now participating in the Aadhar seeding program of the government to facilitate direct benefit to the citizen as per the government policy.

Acquisition of Synaptic Software, a rural primary agricultural cooperatives IT solution provider, Vedavaag is expanding its operations portfolio by acquiring a Primary Agricultural Cooperative Software and Implementation services company “Synaptic systems private limited”. Synaptic has a proven ERP for PACS and has completed two audit cycles of implementation for over 100 PACs in AP. The company similarly received mandate from five PACs in Telangana to do the pilot.

Across India over 1 lakh PACs are functional and with average IT infra cost per PAC at Rs 5 lacs approximately, this is considered to be a Rs 5000 Cr niche market place to operate.


The paid up Share capital of the company now stands at Rs.14,13,00,000 represented by 1,41,30,000 equity shares of Rs. 10/- each after exercise of option for conversion of FIVE lakhs equity warrants by the promoter issued to him earlier on preferential basis.


Pursuant to subsection 3(a) of section 134 and subsection (3) of section 92 of the companies act 2013 read with rule 12 of the companies (Management and administration) rules 2014 ,the extract of annual return as at 31st March 2016 forms part of this report as annexure.


During the year under review the reserves and surplus stood at Rs. 2,453.22 Lakhs as compared to Rs.1,915.43 Lakhs in the previous year.


Your Directors do not recommend any appropriation towards dividend on equity share capital for the year ended 31st March 2016.


The Company has not invited/accepted any fixed deposits.


During the year under review the company did not give any loans nor provided guarantees nor made investments covered under the provisions of section 186 of the companies Act 2013.


The Board formulated and implemented Risk Management Policy for the Company which identifies various elements of risks which in its opinion may threaten the existence of the Company and measures to contain and mitigate risks. The Company has adequate internal control systems and procedures to combat the risk. The Risk Management procedures are reviewed by the Board on quarterly basis at the time of review of performance of the Company.


A formal evaluation mechanism has been adopted for evaluating the performance of the Board as well as performance of Committees and individual Directors. Performance of all Directors and the Company has been carried out by way of structured evaluation process. Criteria for evaluation includes attendance and contribution at the meetings, preparedness for the meetings, effective decision making ability etc.


Adequate internal control systems commensurate with the nature of the Company’s business, size and complexity of its operations are in place and have been operating satisfactorily. Internal control systems comprising policies and procedures are designed to ensure reliability of financial reporting, timely feedback on achievement of operational and strategic goals, compliance with policies, procedures, applicable laws and regulations and that all assets and resources are acquired economically, used efficiently and adequately protected.

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24 Responses

Comment pages: 12Show all

  1. CB Says:
    December 19th, 2017
    Posted at: 10:34 am

    Hi Sarath, can add 50%

  2. sukh Says:
    December 20th, 2017
    Posted at: 8:36 am

    Vedavaas broke down below firm support of 70 so better buy only if recovers damage and closes above 70 on high volume.stock is under consolidating will take much time to give meaningful gains.

  3. sukh Says:
    December 20th, 2017
    Posted at: 8:39 am

    3iinfo has broke out above stiff resistance of 4.2 buy may give 100 percent gains in six months.

  4. sukh Says:
    December 20th, 2017
    Posted at: 8:42 am

    Alembic trying on last leg to break above resistance levels keep watch on hourly chart buy when bounces up again after testing 10 sma.

  5. sukh Says:
    December 20th, 2017
    Posted at: 8:44 am

    Base has cautioned to invest wisely as unsolicited messages allure and misguide genuine long term investors.

  6. Mohan Says:
    January 2nd, 2018
    Posted at: 1:50 pm

    Hi CB Sir,

    Nice call on Vedavaag systems.


  7. Sanjay Says:
    January 2nd, 2018
    Posted at: 1:57 pm

    Hi CB & Team,

    Great calls in Penny Stocks. My request is to provide more of Penny and investment calls... You are doing a great job! Really appreciate.


  8. CB Says:
    January 3rd, 2018
    Posted at: 3:40 pm

    Hi Sanjay, thanks for your kind comments. sure, shall post as and when I find something good

    Hi Mohan, Thanks..

  9. karthick Says:
    January 6th, 2018
    Posted at: 2:41 am

    nice call CB, can i get in now?

  10. CB Says:
    January 6th, 2018
    Posted at: 8:53 am

    Hi karthick, thanks. for now add 25-30%

  11. Sarath Says:
    January 12th, 2018
    Posted at: 2:58 pm

    Sir i have 200 at rs 50...shall i hold or sell.

  12. cp Says:
    April 1st, 2018
    Posted at: 12:52 pm

    Sir can i add vedavaag

  13. CB Says:
    April 1st, 2018
    Posted at: 1:05 pm

    Hi cp, yes, can add few here

    Hi Sarath, its a hold for med term.

  14. SKB Says:
    December 15th, 2018
    Posted at: 12:45 pm

    Hi CB, still holding.

  15. CB Says:
    December 16th, 2018
    Posted at: 10:06 am

    Hi SKB, yes, its a hold for med/ long term. dont add more.

  16. Sharath Says:
    November 17th, 2020
    Posted at: 3:52 pm

    Hi CB, Any update?

Comment pages:12Show all

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