L Technology Solutions (ULTS), an information technology services company, incubated by the Uralungal Labour Contract Cooperative Society (ULCCS), is planning to expand its operations to the U.S. and Europe by mid-2016.
Started with four professionals in 2012, the ULTS has successfully grown into an IT firm employing 65 persons.
It provides IT solutions in the domain areas of Global Information Systems, healthcare, Enterprise Resource Planning, Business Intelligence and analytics, to clients mainly in the country and West Asia.
Currently, the ULTS operates from Thiruvananthapuram and Kozhikode with a turnover of Rs. 250 million in the first quarter of 2015.
The company has plans for bigger expansion once its own UL Cyber in Kozhikode opens in December.
New plans
Newly appointed ULCCS chief executive officer Y. Abhilash Kumar said one of the major plans of the company was to develop Kozhikode as an IT destination. Plans were afoot to establish a Knowledge Centre at the UL Cyber Park shortly, he said.
Mr. Kumar, who is an expert in infrastructure management, financial planning and development of IT, ITES and SEZ campuses and parks, had been instrumental in setting up the Infosys campus in Thiruvananthapuram, which started operations in 2004. The setting up of the first SEZ park in north Kerala under the banner CL Cyber Park also goes to his credit.
Already the ULTS has launched three ERP products in the areas of hospital management, fleet and logistics management and utilities mapping and management.
Today, the company, which started as contract labour society 90 years ago at Vadakara, has a software subsidiary and is developing at a Compound Annual Growth Rate (CAGR) of 50 per cent since 2012.
The is the most prospective business Vertical of ULCCS, which is already the market leader in the GIS domain, Mr. Kumar says.
Plans are afoot to establish a Knowledge Centre at the
UL Cyber Park.
