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Acropetal Technologies Ltd. Company History and Annual Growth Details

Our Company was incorporated on April 25, 2001 under the provisions of the Companies Act,
1956 as public limited Company with its registered office at 28, 1st Main BHCS, Layout, BTM
2nd Stage, Bannerghatta Road, Bangalore - 560 076 and received certificate of
commencement of business on May 2, 2001 from RoC, Karnataka, Bangalore. The Promoter
of our Company is Mr. D. Ravi Kumar. As on date, our Company has 101 members.

We offer a broad spectrum of Engineering Design Services and IT and ITES. We acquired 10
shares of 1,000 AED each of Vision Info Inc. on January 27, 2009 from Mr. Sudhir Sivadas,
pursuant to which Vision Info Inc. became our wholly owned subsidiary.

We were awarded the prestigious STPI award for ‘High Growth in Small and Medium
Business Unit’ by the Software Technology Parks of India (STPI) and Department of
Information Technology, Biotechnology & Science Technology, Karnataka for the year 2008-
09 and 2006-07.

Major events in the history of our Company

2001
Incorporated with its identity as Acropetal Technologies Limited

2002
Procured first large customer in Saudi-Oger to build a small offshore
Development Centre (ODC).

2003
Received approval for setting up 100% Software Export Oriented Unit
under the Software Technology Park Scheme

2004
Commenced IT services business with small projects in the web services
and portal development areas.

2005
Received order worth Rs.420 lacs from Data Assured

2008
Investment in Binary Spectrum Softech Private Limited

2009
Commenced a vertical unit in emerging sector of Healthcare

2009
Purchased shares of Vision Info Inc. at Ras Al Khaimah Free Trade Zone
Authority, UAE pursuant to which it become our wholly owned subsidiary.

Awards and recognitions

2006-07

"Fastest Growing SME in Karnataka"

2008-09
"High Growth SMB"

2010

-Asia-Pacific HRM congress for Global HR Excellence Award 2010:

2011

-Acropetal Technologies Ltd. acquires Line Beyond Inc. and Optech

2012

-Registered Office of the Company has been shifted to #74/75, 3rd Cross, 1st Main, N. S. Palya, Bannerghatta Road,Bangalore - 560076

-Two overseas Subsidiaries of the Company namely, Acropetal Inc,. USA (formerly known as LineBeyond Inc,. USA) and Optech Consulting Inc,. USA got merged and is named Acropetal Inc,. USA.

-The Company has recommended the dividend of Rs. 1.20 per equity share of Rs. 10/- each

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