Achievements

2009-2010

• Tricom acquired a multi year contract in the Health Insurance vertical and is processing 1 million health claim forms per month.
• Tricom India Limited, has entered into a definitive agreement to acquire assets of GTESS Corporation. GTESS is a US based healthcare service provider and has been engaged in the area of claims pre-adjudication services
• Tricom India Ltd. has acquired Mastiff Tech Pvt. Ltd & Mastiff Internet Media Solutions Pvt. Ltd. Mastiff Tech is an emerging consulting service provider in the consumer internet product domain & is a complete online media solution provider.

2008-2009

• Tricom Document Management, Inc., a 100 per cent subsidiary of Tricom India Ltd., has entered into a strategic partnership with Hobs Legal Docs Ltd, an organization that is totally dedicated to the legal market and provides a full range of reprographics and technology services to law firms and corporations in the UK, USA and mainland Europe.
• Acquired Godrej Global Solutions Ltd.(GGSL), a subsidiary of Godrej Industries Ltd., a well known name in the Healthcare Business Process Outsourcing Industry. Post acquisition renamed this company as Tricom InfoTech Solutions Ltd.

2007 - 2008

• Acquires, on a going concern basis, the assets of Apex Data Solutions Inc., a company based in USA providing Legal Process Outsourcing solutions for legal professionals
• Commences a Document Review Division – MOU signed by Tricom Document Management Inc. with Onsite3, a global Legal Process Outsourcing and electronic evidence solution provider for law firms and corporations, for setting up a Document Review section
• Launches Medical Billing & Revenue Cycle Management service
• Launches operations in Houston
• Expands the team size of the software development division to over 100 programmers
• Revenue grows from Rs 3731.07 lakhs to Rs 5178.73 lakhs by 38.80%
• EBIDTA grows from Rs 1724.54 lakhs to Rs 2073.86 lakhs by 20.26%
• EBDTA grows from Rs 1714.84 lakhs to Rs 2042.64 lakhs by 19.16%
• Dividend 23%

2006 - 2007

• Nashik Operations commence in this year
• Tricom diversifies into Software Services
• About 2500+ employees in group
• Tricom shares are listed on the Luxembourg Stock Exchange through GDR issue of USD 5mn
• Revenue grows from Rs 2916.5 lakhs to Rs 3876.88 lakhs by 32.93%
• EBIDTA grows from Rs 1202.74 lakhs to Rs 1843.65 lakhs by 53.29%
• EBDTA grows from Rs 1109.06 lakhs to Rs 1714.84 lakhs by 54.62%
• Dividend 21%

2005 - 2006

• e-Publishing – new vertical is added
• ISO 9001:2000 certification is obtained for Quality Management Systems
• Total 7 offices in USA
• About 1700+ employees
• Tricom acquires around 50,000 sq ft premises in two different facilities in Mumbai
• Revenue grows from Rs 1554.02 lakhs to Rs 2916.5 lakhs by 87.67%
• EBIDTA grows from Rs 578.56 lakhs to Rs 1202.74 lakhs by 107.89%
• EBDTA grows from Rs 516.58 lakhs to Rs 1109.06 lakhs by 114.69%
• Dividend 20%

2004 - 2005

• Tricom obtains the security certificate-BS7799 (ISO 27001:2005)
• Tricom acquires 100% equity share capital of Tricom Document Management Inc., operations in USA
• About 1500 employees
• Additional facility of 29000 sq ft premises is added this year
• Tricom formulates “TIL Employee Stock Option Scheme-2004”, for the benefit of the employees of the company
• Revenue grows from Rs 938.95 lakhs to Rs 1554.02 lakhs by 65.51%
• EBIDTA grows from Rs 352.92 lakhs to Rs 578.56 lakhs by 63.94%
• EBDTA grows from Rs 308.97 lakhs to Rs 516.58 lakhs by 67.19%
• Dividend 20%

2003 - 2004

• Mr. Chetan Kothari is appointed as the Managing Director of the company
• Mr. Jayant Tanksale is appointed as the Executive Director Operations
• Mr. Anil Bakshi is appointed as the Executive Director Finance
• 100% export oriented unit gets full tax exemption
• First year of Exclusive ITES-BPO Service
• About 1100 employees
• Premises of 16000 Sq. Ft out of which 5000 sq ft is acquired this year
• Revenue grows from Rs 687.82lakhs to Rs 938.95 lakhs by 36.51%
• EBIDTA grows from Rs 282.03 lakhs to Rs 352.92 lakhs by 25.14%
• EBDTA grows from Rs 237.43 lakhs to Rs 308.97 lakhs by 30.13%
• Dividend 15%

2002 - 2003

• Demerger of Finance Division to Trio Mercantile & Trading Ltd takes place
• About 318 employees
• Revenue grows from Rs 564.64 lakhs to Rs 687.82 lakhs by 21.82%
• EBIDTA grows from Rs 111.37 lakhs to Rs 282.03 lakhs by 153.22%
• EBDTA grows from Rs 73.94 lakhs to Rs 237.43 lakhs by 221.11%
• Dividend 10%

2001 - 2002

• Company name is changed from Tricom Finance Limited to Tricom India Limited
• Demerger of IT division is put up for the approval of the members
• Decision to focus on IT Division is taken
• Revenue grows from Rs 288.72 lakhs to Rs 564.64 lakhs by 95.5%
• EBIDTA grows from Rs 56.41 lakhs to Rs 111.37 lakhs by 97%
• EBDTA grows from Rs 51.09 lakhs to Rs 73.94 lakhs by 44%

2000 - 2001

• Enters the US market
• Mr. Chetan Kothari is appointed as Executive Director
• Demerger of IT division from Tricom Finance Ltd. is contemplated
• Revenue grows from Rs 266.09 lakhs to Rs 288.72 lakhs by 8.5 %
• EBIDTA falls from Rs 61.27 lakhs to Rs 56.41 lakhs by -7.93%
• EBDTA falls from Rs 53.10 lakhs to Rs 51.08 lakhs by -3.81%
• Dividend 5%

1999 - 2000

• Forays in ITeS with a new division Tricom Information & Technology with the view to undertake activities in IT enabled services, Medical Transcription, Data Mining and processing jobs for overseas clients
• Revenue falls from Rs 446.8 lakhs to Rs 266.09 lakhs by -40.44%
• BIDTA grows from Rs 28.62 lakhs to Rs 61.27 lakhs by 114.03%
• EBDTA grows from Rs 16.99 lakhs to Rs 53.10 lakhs by 225.8%
• Dividend 5%