Octaware Technologies is a software development company based in
Mumbai
Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...
, India. It was incorporated in 2005. It is India's first company claiming
sharia compliance that has been listed on the
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...
, the listing happened on 3 April, 2017. It received approval for listing in early 2016.
The company operates domestically and internationally with
subsidiaries registered in United Arab Emirates, United States, and India. It has marketing offices in Zimbabwe, Nigeria, Saudi Arabia and Qatar.
Profile and products
The company is SEI-CMMI Level 3, ISO 9001:2008 and rated “SE-2A” High Performance Capability and High Financial Strength by
NSIC-
CRISIL
CRISIL (formerly ''Credit Rating Information Services of India Limited'') is an Indian analytical company providing ratings, research, and risk and policy advisory services and is a subsidiary of American company S&P Global.
CRISIL, was the f ...
. Octaware is a member of the
Electronics and Software Promotion Council.
Octaware provides specialized software application and product development services in the areas of healthcare, finance, and e-government industry. The company has proprietary products for domestic as well as international markets, such as PowerERM – Human Capital Relationship Management, Hospice – Healthcare and Citizen services, and – Inventory management and tracking System etc. These products are available as packaged products as well as software-as-a-service model integrated with legacy system.
People
Aslam Khan is Chairman and CEO of the company. Aslam Khan is a member of
NASSCOM
The National Association of Software and Service Companies (NASSCOM) is an Indian non-governmental trade association and advocacy group, focused mainly on the technology industry of India. Established in 1988, NASSCOM is a non-profit organis ...
Foundation's Business Responsibility Forum. He is an alumnus of
M. H. Saboo Siddik College of Engineering
M. H. Saboo Siddik (''commonly known'' as MHSS or Saboo Siddik or Saboo) is an engineering college located in Byculla at Saboo Siddik Polytechnic Road, Mumbai, India, affiliated with the University of Mumbai.
It is an 'A' Grade institution, an ...
, and worked in Japan and the US before his return to India in 2005.
Shariq Nisar, academic, activist and finance professional is a non-executive independent director.
CSR initiatives
Octaware Technologies has designed material for a training programme at the National Association for the Blind's Employment and Training (NABET) centre, which enables NABET personnel to train those with sight impairment in software testing; it has also provided trainee opportunities to work on professional assignments. CEO Khan is the founder of a school for children with special needs and a multi-speciality hospital in Mumbai. These are based on the social entrepreneurship model. Khan has been invited to speak with students so as to acquaint them with the opportunities available in the software industry in terms of employment and entrepreneurship.
References
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Business software companies