During the Annual General Meeting of its shareholders, Roshan Shah, CEO, Gloscon Solutions Pvt. Ltd., announced the declaration of an exceptional dividend of 1700% which will be paid to its share holders in the next 15 business days. Mr. Roshan Shah explained that the company's strategy of focussing on Open Source technologies such as Drupal and RoR is finally paying off with exponential growth shown every quarterly and signing of long term contracts with high end clients.

Gloscon is a major player in Open Source arena specializing in technologies such as Drupal and Ruby on Rails. Apart from providing Drupal and RoR related services such as Custom Module Development, Theme development, Design and SEO services, Gloscon is also involved in building a very high end product called Galaminds. Galaminds is a single click Web hosting solution that will provide customers, customized Drupal ready websites in a matter of minutes.

Gloscon has 2 subsidiaries OPenkick (a Drupal Outsourcing Vendor with strong presence in India) and Gujarat Hosting (Hosting company).

Gloscon has decided to now focus more on building products that will revolutionize the India Web space. It has been building products such as a dating portal, medical tourism portal, portal providing resource for startups, website for citizen journalism.

Roshan indicated that the company will continue to build its competence in Drupal and explore opportunities of growth in other open source technologies. He also anticipated a solid performance of its products vertical with most of the products coming close for a Beta release. Some challenges that he mentioned were the need for qualified good resource that was hard to find.

Gloscon is looking forward to increasing its bench strength by 20% in this quarter and emphasizing more on traininig and technological development. Gloscon is also looking forward for growth stage funding and is in touch with few VC firms in this regard.