Covansys India Limited is a subsidary of Covansys Corp. Formally TBSI and CBSI. Covansys India's head office is located in MEPZ Chennai. Its chief executive officer is K Subramanian.
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Covansys India Limited (http://www.covansys.com/in/welcome.htm)
Covansys, PCC Technology Group, a provider of elections management solutions, and Aradyme Corp., a database company, announced that they were awarded a $4.6 million contract by the state of Nevada Secretary of State's Office to implement a voter registration system.
Covansys has concluded that a portion of the non-cash charge should be allocated to prior periods and has requested guidance from the Securities and Exchange Commission regarding the appropriate periods in which the charge should be recorded.
Covansys announced that the filing of its report on Form 10-Q for the quarter ended March 31, 2004 will be delayed pending completion of the proper accounting for physical losses and obsolescence for certain of the Company's property and equipment, mainly computers and related peripherals, as a result of a recently completed physical inventory.
Covansys Corporation, the US-based software services and solutions firm, is investing $6-8 million in expanding its India presence and aims to ramp up its workforce here by another 1,800 people.
The $378 million Covansys, one of the first American firms to have an offshore delivery centre in India, has development centres in Chennai, Bangalore and Mumbai employing a total of 3,200 people.
Covansys, which plans to expand further, is looking at acquiring firms with significant offshore presence and an annuity business, he said, adding that the firm was talking with several players in this regard.
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