Kellton bags Karnataka Govt Project, 300% Returns in 3 Years!

Kellton is a global technology consulting and IT services company that focuses on exploring “Infinite Possibilities with Technology.” They specialize in helping businesses of all sizes, from startups to Fortune 500 companies, to develop disruptive digital solutions. With a presence across the US, Europe, India and the Asia Pacific, and a dedicated team of over 1800 employees, Kellton empowers its clients to leverage technology as a competitive advantage.  

Today, Kellton, announced that it has been awarded a prestigious multi-year project by the Karnataka State Government’s Finance Department. The project entails the development and implementation of HRMS Version 2.0, which will be used by over 600,000 state government employees in Karnataka. 

Kellton’s role in this project is to introduce advanced features and functionalities that will streamline and enhance various Human Resource Management processes. The upgraded HRMS 2.0 system will cover essential areas such as recruitment, cadre management, transfers, promotion, service register, leave management and operational reports, resulting in a more efficient and user-friendly experience for the employees. 

Moreover, Kellton will integrate new modules, including employee self-service, retirement management, annual performance management, service register with core history, and analytical reports with data analytics. These enhancements aim to optimize human resource processes within the Karnataka State Government. 

Additionally, Kellton will be responsible for migrating terabytes of data from HRMS 1.0 to HRMS 2.0, ensuring a seamless transition while preserving historical employee information. The comprehensive HRMS 2.0 solution involves more than 200 API integrations with over 45 Karnataka State Government departments and select Central Government departments. 

The company has delivered returns of 20% over the past year and stellar returns of 312% over the past 3 years. Additionally, the company has a ROCE of 14.5% and a ROE of 10.4%.  

On Thursday, shares of the company surged by more than 8% and reached its new 52-week high of Rs 89.40.  

Investors should keep a close eye on this trending stock! 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.