The company at present has a paid up capital of Rs 4.07 crore while after bonus issue, the capital will be nearly doubled to Rs 8.15 crore. The company's earning per share stands at Rs 123.82 and bookvalue at Rs 318.60. The company has reserves worth Rs 125.7 crore.

Citil said that during the first four months of the current financial year, the company has registered a revenue growth of 58 per cent over the same period last year while the total turnover target for the whole year has been set at Rs 200 crore.

According to Citil chie financial officer, Deepak Ghaisas, the company has shown an overall growth of 75 per cent in 1998-99. Citil is promoted by CitiCorp, which owns around 48 per cent whlile therest of the stake is shared among employees of Citil.

Citil has launched few new products and is working on a number of new ones, said chief executive officer R Ravisankar. It launched Flexcube@ for Internet banking while Flexcube Information Centre, a data warehousing solutions for banks and financial institutions will be ready by the end of the year. "Citil will be focussing more on Internet based solutions and we have set up a Internet Solutions Unit for the purpose," Ravisankar said.