Support and Resistance Levels
Past performance
About Saven Technologies Ltd Saven Technologies Limited, founded in 1993 as Pennar Infotech Limited, is a software services company that provides comprehensive solutions including new software development, enterprise application services, application integration, and maintenance. Initially promoted by Vijay N Rao and the Pennar Group, the company expanded into wireless applications and mobile technologies, establishing itself as a Microsoft Solution Provider.
Saven Technologies has strategically formed joint ventures in the US and UK, focusing on e-commerce applications in finance and trading, and developed partnerships for training in Symbian wireless platforms. The company planned to expand globally by setting up software development centers in the US and UK, alongside upgrading its offshore center in Hyderabad. Despite disinvesting from its US subsidiary in 2014-15, Saven continues to focus on wireless communication software, particularly for GSM networks. The company reported robust financial growth from 1999 to 2000 and has been diversifying to reduce dependence on the US market, aiming to capitalize on global opportunities in wireless and internet technologies.