Usha Beltron nod for demerger

Calcutta, March 5: The board of directors of Usha Beltron (UBL) of the Calcutta-based Jhawars has decided to demerge the knowledge-based businesses from its existing traditional manufacturing business, a release says. UBL has appointed PricewaterhouseCoopers to prepare the recommendations for the proposed demerger, and they are expected to submit the report within four weeks.

UTC, headquartered in Portland, Oregon, USA, employs over 400 professionals. It has a global marketing network with over 50 professional international staff who are local to their marketplace. It has over 30 customers worldwide, and has seven orders under execution in the US market.

Its new generation billing and customer care product will enable it to focus on integrated communications providers covering the entire gamut of telecom services, both voice and data, as well as address the pre- and post-paid markets.

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UCT, with a current product revenue of $12 million, has plans to list on the Nasdaq.

UACT, a joint venture with IIT Madras, is conducting its maiden course at the IIT campus in Chennai. The course has received an encouraging response, with over 40 participants from companies like Wipro and Lucent.

Usha Beltron is also working on a B2B portal for the supply of its existing products and services.