NEW YORK - Dec 19, 2012
Infor, a leading provider of business application software serving more than 70,000 customers, today announced that Karma Industries Limited, a well-diversified company with interests ranging from metal fabrication to trading, has gone live with Infor LN with the help of Infor partner Merino Services, a business consulting and IT services organization.
Karma Industries Limited Quote
"Our vision served as the framework towards every aspect of our business by describing what is required to achieve the goal of continued stability and growth. With the Infor application we are achieving the requisites on a whole by analyzing the business," says Rajesh Mehta, managing director, Karma Industries Limited.
Merino Services Quote
"Karma Industries was a very important win for Merino Services as it gave us an opportunity to extend our success footprint in the metal industry. Implementation was a success not just because of Merino Services' strong consulting skills with Infor LN, but also because of the support extended by Karma Industries' management team. With this success we welcome various metal industry organizations to capitalize on the success-driving capabilities of Infor and Merino Services," says Rishi Bansal, vice president, Global Business, Merino Services.
Souma Das, vice president, Sales and Managing Director, India said: "At Infor, we take pride in serving our customers with the latest business software solutions by continually developing our solutions. We believe in actively engaging with customers and partners to provide the solutions that meet their requirements and address their challenges. Merino Services has always helped us deliver the best quality solutions to our clients."
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About Karma Group
Karma is a diversified group with offerings in Ferrous & Non-ferrous Metals - Manufacturing and Trading, Equity and Commodity markets.
Karma Industries Limited is engaged in a range of steel products, including C.R. Coils and sheets, C.T.D. bars, H.R. sheets and plates and hot rolled steel plates, ingot irons M.S. plates, angles, channels, chequered plates, wires, T.M.T bars, rebars and tor steel, stainless steel and other alloy steels. During the fiscal year ended March 31, 2011 (fiscal 2011), the Company completed the construction of a factory at Valsad for manufacturing ferrous and non-ferrous metals products, more particularly lead ingots and billets with a volumetric capacity. Karma Commodities Ltd. (KCL) and KIL Infrastructure Ltd. (KIIL) are 100 percent subsidiary companies of Karma Industries Ltd., and Karma Stock Trade Ltd. (KSTL) is an associate with a stake. Karma Commodities Limited is engaged in the Commodity segment as a Broker with memberships from all the leading commodity exchanges in India.
Karma Stock Trade Limited operates in the Equity segment as a Broker with memberships in Bombay Stock Exchange, National Stock Exchange and United Stock Exchange. Presently the company is dealing in Cash, Derivatives and Futures & Options market.
KCL & KSTL are Depository Participants of National Security Depository Participant. The companies offer a range of services for broking, hedging and arbitrage solutions.
Infor is the third-largest provider of enterprise applications and services, helping 70,000 customers in 194 countries improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, using ground-breaking technology that delivers a rich user experience, and flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.
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