Kolkata, Aug. 27 Bengal, whatever the sceptics may say, has never fallen short of enterprising small businessmen who venture into difficult areas of business. Mr Prem Chand Kankaria, a young chartered accountant turned entrepreneur, who studied science in college, now heads Coral Soff’wares Ltd, a company which specialises in critical business application software for SMEs.
The company, which started with ‘ACE’, a financial accounting package, now has a highly scalable “X-ise” software, said to be the country’s first off-the-shelf product for maintaining central excise records and returns. The product has been developed in association with Mr D.V. Shidye, Central Excise consultant and author.
Business Linehere recently on the company’s new products and business expansion plans, Mr Kankaria said the product, though designed for SMEs, has also been implemented in large enterprises such as Amul, GlaxoSmithKline, Lafarge India,, Kodak etc.
He said the newest product from Coral was “Coral ERP”. According to him, it was a versatile product, highly configurable as per customer’s requirements, and developed with an objective to address the shortcomings of conventional ERP.
The three plus points: scalable, versatility and high stability, requiring lot less skill-sets.
He said the product can be deployed with ease, and was easy to maintain and support.
Pointing out that no business in today’s changing economic environment could afford to remain static, he said, Coral ERP, developed after four years of research and development, comes for a shelf price of Rs 5 lakh.
He said it has been designed to particularly address the often found ‘inflexibility of any IT system”.
Unveiling his plans to broad-base the business, Mr Kankaria said he was looking at 100 per cent growth in business on a year-on-year basis. During 2006-07, Coral Soff’wares recorded a turnover of Rs 2 crore.
Asked where he has set his sights on in the next three years, Mr Kankaria cited a turnover figure of Rs 25 crore by 2009-10.
Employing more than 20 qualified software engineers, he also intends to open an overseas office in the near future.