💻 California Software Ltd – From Penny to “Maybe”?
Date of Publishing -
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At a Glance
California Software (Calsoft), once just another forgotten tech name from the 2000s, is suddenly back on the investor radar. With a 90% 1-year rally, zero dividends, and a rights issue to raise ₹46 Cr, retail gamblers (sorry, investors) are sniffing a turnaround. But are we looking at a phoenix or just a software-themed pigeon with glitter?
1. 🧲 Introduction – Kya Wapas Aayega Calsoft 2.0?
Calsoft is older than your cousin’s Windows XP PC — incorporated in 1992.
It makes software, says a lot of buzzwords (cloud, agile, digital transformation), but actual revenues still fit inside an Excel cell.
Recent drama:
Promoter holding jumped from 35.7% to 62.3% — hmm, suspiciously serious.
Rights issue of ₹46.37 Cr to raise capital — partly paid shares. Retail fomo incoming.
Stock has doubled in a year. But revenue? Not so much.
2. 👨💻 WTF Do They Even Do?
Digital Business: Helping clients go “digital” – think cloud, AI, unicorn dreams.
Digital Ops: Business process optimization, automation, etc. (Translation: selling slides).
Digital Systems: Secure cloud infra, enterprise tech – but with ₹5 Cr sales, we assume it’s all talk.
Offers:
Product Development
Validation & Testing
Implementation & Support
Sounds like Infosys… if Infosys were a street food startup with ₹1.99 Cr in quarterly revenue.
