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T.E. Raja Simhan

Chennai June 15 ThinkSoft Global, a Chennai-based financial software testing company, plans an IPO (initial public issue) in the next few months.

A company official confirmed that the company was planning an IPO, but said it was "too premature" to talk about it now.

The independent outsourced software testing company provides its service to global 500 banking, financial Services and insurance organisations. Its clients include State Bank of India, Citigroup, ABN Amro, Morgan Stanley, Deutsche Bank, Metlife, Bank of Muscat and ICICI Bank.

EurIndia, a Gibraltar-based fund, own 31.2 per cent of Thinksoft Global through a company called Euro-Indo Investments Ltd. It invested in ThinkSoft in 2000, according to information available in ThinkSoft Web site.

Thinksoft, which has over 500 employees, was ranked 20th in Deloitte Technology Fast 50 India 2006, a ranking of the 50 fastest growing technology companies in India.

More Stories on : IPOs | Software

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