Fidel Softech Limited

Brief Coverage

Fidel Softech Limited is a LangTech Consulting firm offering technology services with local language UI/ UX. The services offered by the Company includes IT services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training.

Services offered by the Company is Software development & Cloud infrastructure support services, localisation services; such as Translation, Interpretation, Content creation, Multi lingual data creation, transcription & Annotation for training AI engines, Video subtitling and other video audio services, Data engineering, testing, scripting & tooling services and Consulting & Staffing services.
The customer base is spread across the globe with presence in countries like Argentina, Belgium, China, Cyprus, Czech Republic, Dubai, Egypt, Germany, Hong Kong, Ireland, Italy, Japan, Kingdom of Saudi Arabia, Malaysia, Mauritius, Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Ukraine, United Arab Emirates, United Kingdom, and United States of America.
Revenue contribution was 86.09%, 86.89% and 82.40% respectively from exports for the year ended March 31, 2022, 2021 and 2020 respectively.
Fidel solftech has in-house Linguistics and Technology skillsets which provides better control on delivery timelines, quality and pricing and specializes in delivering technology solutions in local language UI/ UX and hence has an advantage to work in regions which has language dependencies.

Strengths

Offering technology services with local language UI/ UX - Localization including translation, interpretation, software localization & multilingual data creation, translation in multiple languages including Indian languages and Localization engineering services including software and website localization.
Clients in both domestic and international markets :- The company caters to clients across Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, New Delhi, Odissa, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal in domestic market. In International market they serve Argentina, Belgium, China, Cyprus, Czech Republic, Dubai, Egypt, Germany, Hong Kong, Ireland, Italy, Japan, Kingdom of Saudi Arabia, Malaysia, Mauritius, Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Ukraine, United Arab Emirates, United Kingdom, and United States of America.
Wide Service Portfolio :- The services offered by Fidel includes IT services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training.

Quality assurance :- Fidel softech has been accredited with ISO/IEC 27001:2013 and ISO: 9001: 2015.

Engineer-as-a-Service

Typically, in IT business, engagements are done on turnkey project basis or resource man month engagement basis.
But many times, SMEs or clients have specific requirements (such as – extracting data from multiple databases and passing it to marketing team, website CMS (content management system) contents update, backup of application, creating instance on AWS (Amazon web service).) which are a few hours based requirements.
Fidel softech has come up with a Engineer as a Service (E-a-a-S) service (similar to SaaS) and engages with the client on task basis or hourly basis thereby offering flexibility and ease of usage.

Product Development as a Service (PDaaS)

Language services offered

The company offer translation services in multiple languages with a special focus on all Indian, Japanese and other Asian languages.
Most translated language pairs include 8 Indian languages (Hindi, Marathi, Telugu, Tamil, Kannada, Malayalam, Bengali, Gujarati), Japanese, Khmer, German. Translation is done for manuals, marketing material, specifications, website contents and much more. The file formats could be xml, xliff, MS documents, text or pdf formats.

Website localization or software localization is required by companies who are going Glocal (Global + Local)
Fidel softech helps them with engineering as well as on translation front. On the engineering side, this requires extracting text from database or various file formats or source code.

Overall view

Overall the company is little new in a high growing and high demand emerging sector, In coming decades, demands of language translation will be in high demands by product and services offering company and particularly those companies which are going local.
The market size is not that big, but opportunity can be grasped completely by monopolosing the sector, if this company grows as a single player in the sector then it can emerge as a big player, even market size is small.
We have to keep a watch on it for few quarters atleast before making any investment.

Going further I may again publish a report on it if it shows a good growth as expected.

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