Kulkarni is focused on Japan-India geography
Fidel Softech Limited, a Pune-based LangTech company with a focus on Japan-India, says proceeds from the 10 June 2022 IPO is to increase the pace of growth, open new markets, attract talent and develop new competencies.
Fidel Softech Managing Director Prachi Kulkarni said, “This also was a step to further strengthen security, environmental, social and corporate governance (ESG). Fidel is equal opportunity firm and the team has a 50% diversity ratio almost since its inception.”
On company’s recent IPO success, Fidel Softech CEO Sunil Kulkarni, said, “Fidel is the first ‘LangTech’ company from India to go public. It is also one of the first IT & Consulting services SME to go public with a focus since inception on Japan-India geography.
“This is the 70th Anniversary year of the establishment of diplomatic relations between India and Japan and hence very special for us. Localization is globally a US$26 billion market and India is well poised to contribute to it.
“Further, by focusing on language centric technical consulting services and digital financial literacy solutions, Fidel supports the Government vision of bridging the digital divide.
“By bringing Technology-Languages-Consulting together, Fidel offers a one-stop solution to its clients.”
The IPO proceed is to scale the growth and that Fidel is equally focussed on social impact.
New job opportunities will be created with an emphasis on tier 2 and 3 cities in India to leverage the local language as well as technology skills, said the company in a release on 4 July 2022.
Adequate training in technologies and languages including Japanese will also be provided, it added.
The IPO was 102 times oversubscribed for listing on NSE SME Exchange on 10 June 2022.
Fidel Softech works in the areas of Localization and IT Consulting services and has been in operations since 2004. It helps clients deliver their technology solutions with local language UI/UX. Its localization services include translations as well as localization of software, websites, multi-lingual data creation for training AI engines, transcription and annotation, video subtitling, natural language processing, testing and automation. fiinews.com
