From their communication i always believe they had right intent but poor execution team in certain corporate functions if you closely watch them. First an article of Nitin dharmawat came on 2014 highlighting 8KMiles corporate governance issues. They fixed most of them and improved. It was good sign. Next the ambit report came highlighting certain other corporate governance issues 2015/16. They could have brushed aside this with strong PR , but they atleast had right intent to accept and improve by bringing Deloitte for auditing. Surely transparency had increased after deloitte if you compare their BSE notifications, AR etc. It was a again good sign beacuse they had intent and wanted to improve. In the current episode, Iam actually surprised at last statement in the clarification given by the company. How can 8K miles software services ltd ensure that board of 8k miles media is looking into this matter. I think their governance is very incompetent to issue statements like this. It is so stupid.
In this chaos I also did an analysis last week on their capabilities further deep. Please look at consulting partners section in each of this link. 8K miles is listed in top 10 in all below. Very less competition.
Lifesciences and Healthcare is a multi Billion dollar opportunity worldwide and AWS certifies only 10 partners globally who are capable of doing work on cloud in these industries. This essentially means their Technical, Competency, Enterprise delivery, Sales capabilities are top notch to break into top 10 league. They have also proved this by opening and executing large deals with Novartis, Roche, Actelion, Shire pharma, Lupin, Life cell, GE healthcare etc. Name in this list also means AWS will refer 8K miles to the potential enterprise opportunities in these industries. They are sitting and executing projects on gold mine in short and very less competition. On the contrary from the above incedents we can clearly observe their finance, corporate governance is big let down. If the company is fully bogus it is acceptable they go down the drain, but such a talent, competency exhibited and going down beacuse of their finance and corporate governance let down is very pathetic. Boarder should ask strong questions this AGM, at least i hope they will correct their path one last time.
Pros : Competency, Technology, Enterprise Delivery, Sales , Vision
Cons : Finance, Corporate governance