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Nucleus Software Awarded Gold Shield for Excellence in Financial Reporting for the Fourth Consecutive Year by Institute of Chartered Accountants in India (ICAI)

January 23, 2012 | Press Release
New Delhi, January 23, 2012:    Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of integrated software products for banks and financial institutions, announced today that the Annual Report and Accounts of the Company for year ended March 31, 2011, have been adjudged as the BEST under the Category XI – Service Sector (other than financial services sector, transport, shipping and shipping/port allied services(Turn over less than Rs. 500 crore) of the ‘ICAI Awards for Excellence in Financial Reporting’. Nucleus Software has won GOLD SHIELD for the fourth consecutive year.

The Gold Shield was awarded to the Company at a ceremony held at Chennai by Dr. M Veerappa Moily, Hon’ble Union Minister of Corporate Affairs, on January 06, 2012. Mr. Pramod K Sanghi, President Finance & CFO of Nucleus Software received the award on behalf of the Company.  

The awardees were selected by the panel of judges on review of accounting practices adopted by the participating enterprises in the preparation of financial statements and the policies adopted for disclosure and presentation of financial statements and other information in the annual reports without regard to their financial condition and operating performance. On the basis of degree of compliance with the Accounting Standards, statutory guidelines and other relevant pronouncements, the Gold Shield is awarded to the best entry.

On this occasion, Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “Winning this esteemed award for the fourth consecutive year is a clear testimony of our long standing belief in best corporate practices. This award reiterates our commitment to transparency in our statutory, legal and regulatory requirements and compliance with the accounting and financial reporting practices. We aim to build stronger policies for corporate governance in the years to come and set new milestones for the industry. ”

About Nucleus Software

Nucleus Software (BSE & NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:
  • FinnOneTM 10 time winner - World’s Best Selling Lending Solution. 
  • FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: http://www.nucleussoftware.com/safe-harbor.

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Email: rashmi.joshi@nucleussoftware.com
Phone: +91-9560694654