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Nucleus Software wins Gold shield for Excellence in Financial Reporting, 2010 by ICAI

January 7, 2011 | Press Release
New Delhi, January 7, 2011: 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, 2010, have been adjudged as the BEST under the Category VIII – Service Sector (Other Than Banking & Insurance) (Turnover Less Than Rs. 500 Crore) of the ‘ICAI Awards for Excellence in Financial Reporting’. Nucleus Software has won GOLD SHIELD for the third consecutive year.

For the year 2009 and 2008, Nucleus Software received Gold Shield under the category 'Information Technology, Communication and Entertainment enterprises' of the 'ICAI Awards for Excellence in Financial Reporting'.

The Gold Shield was awarded to the Company at a ceremony held at New Delhi by Shri Salman Khurshid, Hon'ble Union Minister of State, (I/C) for Corporate Affairs in the presence of Shri R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs, on January 04, 2011. Mr. Vishnu R Dusad, CEO and Managing Director and 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 was awarded to the best entry.

The award for Nucleus Software reflects and reinforces the Company’s commitment towards adhering to statutory, legal and regulatory requirements and compliance with the accounting and financial reporting standards, codes and practices.

On this occasion, Vishnu R Dusad, CEO & Managing Director, Nucleus Software, said, “This is yet another milestone for Nucleus Software. The award re-affirms our dedication towards pursuit of excellence, which is just not limited to our products and services but also in our business operations and is a clear testimony of our long standing belief in best corporate practices. This award reinforces both in form and substance, our commitment to transparency in our statutory, legal and regulatory requirements and compliance with the accounting and financial reporting practices.”

About ICAI

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its 61 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.ICAI now is the second largest accounting body in the whole world.

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