SARK Systems India Limited (SARK – http://www.sarksys.net.in) a software company that is engaged in the development of computer software and solutions for road transport, e-governance and healthcare segments has announced that it will soon be entering the micro finance sector through a newly launched subsidiary.
SARK Systems India Limited was setup in the year 1998 and bagged its first project in e-Governance solutions along with ECIL in year 2001 to execute a five year contract for computerized bus pass services for Delhi Transport Corporations and went on to bag similar contracts from many other state road transport undertakings in Tamilnadu, Karnataka and Maharashtra.
Since then SARK Systems India has setup over 2000 citizen services centers in Delhi, Haryana and Bihar to reach out to people. These centers have been setup under the Government of India Mandate to provide various G2C, B2C and B2B services.
The company hopes to leverage it’s existing branch networks to roll out various financial services in the states of Bihar,Haryana and Delhi.The company’s decision to enter the microfinance sector seems to have had a positive impact on it’s stock price which has risen by more than 300 % in the last quarter.
Share Price of SARK Systems India Ltd on the Bombay Stock Exchange.