Comcept, incorporated in 1992, a group of companies specialised in customized solutions in ICT, telecom products and services, and alternative energy systems. It has realigned its long-term business goals to target education and healthcare segments, leveraging ICT integration and process innovation in these areas. On the education front, TeleTaleem has been launched to promote distance learning based on advanced e-learning services. In healthcare, TeleSehat (a Comcept JV) is targeting telemedicine and primary healthcare applications.
Comcept is ISO certified.The company has assets worth 4 million EUR and an annual turnover of 2.542 million EUR. The company employs a workforce of over 220 professionals. Comcept was the undisputed market leader in Payphone Products and Network Systems from 2000 to 2006, totaling over Rs. 3 Billion in consolidated sales spread over a customer base of 130+ payphone operators, including significant players like WorldCall, Telecom Foundation Payphones, Mobilink, etc. In telecom infrastructure domain, Comcept was able to deploy Next Generation Networks worth over Rs. 300m for Burraq Telecom (now wi-tribe) and Wateen, competing against global players like Alcatel, Nokia-Siemens and Huawei. In the Defence sector, Comcept has been a strategic development partner to Pakistan Air Force, delivering mission critical telecom infrastructure, resulting in sustained revenues of Rs. 370m from 2003 to present.
In addition to successful products, Comcept has also developed business ventures based around bespoke technology i.e. Comcept created business processes and delivery systems to harness the competitive advantage created through technology innovations. In almost all the cases, Comcept collaborated with investors and financial institutions for funding and expansion of these ventures.
For example, on the telecom operation front, Comcept was instrumental in getting a financial close of Rs. 1.2 Billion, with Askari Bank being the lead arranger, to establish and operate Burraq Telecom in 2004. The same company was eventually sold off to Qatar Telecom for US$ 21million, achieving capital gains of 4x multiple on sponsor equity, a significant strategic sale managed by the Comcept team. Comcept continued to manage the company despite being the minority shareholder. Comcept team implemented the corporate governance framework required by Qatar Telecom which is listed on Qatar and UAE exchanges. Similarly WorldCall Limited was launched with funding from First Capital Group. One of the latest achievements is approval of US$ 1.1million of equity investment in TeleTaleem by Asian Development Bank, consummated through a year worth of efforts by the Comcept team.
All told, Comcept has manged to generate a revenue of more than $75 million since inception, with a dividend payout of $10 million to its shareholders. And the fact that this success was seeded by a paid up capital of US$ 10,000 only, makes this journey so much more significant. These outcomes are a manifestation of the sustained creativity, business acumen and entrepreneurial spirit of the Comcept Group, which is still alive.