Business Description:Principalsoft started as a 100% export oriented customized product development organization catering to the needs of our global clients in HealthCare, Travel and Title Industry.
With the changing focus and approach of organizations in India in the area of H.R. and Training management, PrincipalSoft developed one stop software solutions to address the needs in these areas. PrincipalSoft's vision is to develop a pool of products that brings in the right mix of technology, price, features and flexibility to address any needs in the areas of H.R. and Training. The products and supporting service offerings are aligned to help our customers in the specific areas of H.R. and Training Management.
Industry:IT/ Internet/ Software
Founded in:2004
Source of idea:
Significant Competitors:HRMantra.com
Company Details :
Company Name:Principalsoft Technologies
HeadQuarters:Pune
Stage of the company:Several customers or locations
No of Employees (2006):16-25
No of Employees (2007):16-25
Office Locations(2006):0-1
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):16- 50 lacs
Profits (2007):6 to 15 lacs
>Partnerships:
Initial Funding:
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:Software Services in international market provide the revenue to re-invest in product research, design and development.
HRCare product helps to automate the 'still evolving H.R. segment'. Most of the SMEs need the software tool along with the allied services in the area of Human Resource planning and management.
Online Evaluation product has a huge scope in the area of preparing for competitive exams, CET, CAT, Insurance Industry, Market Survey, Corporate Training evaluation, Screening process during Recruitment, Identifying Core areas of improvement in people, collecting customer feedback, preparing for industry standards like ISO.
The revenue generated from products and allied services will grow exponentially in coming 2-3 years
Awards & honors:This should be the first one
Promoters Details :
Promoters Name(s):Vivek Pande
Age:34
HomeTown:Nagpur
Education:Masters
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Consultant at Avastone USA
Ex-Job Description:Architecture Design and Delivery Coordination
Favorite Book/Movie:The Present
