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Aurionpro Solutions Ltd. Company History and Annual Growth Details

INCORPORATION

Our Company was incorporated on October 31, 1997 as Value Added
Information Distribution Services Private Limited. The name of our Company
was changed to VAIDS Technologies Private Limited on April 30, 2001 and
subsequently to aurionPro Solutions Private Limited on September 18, 2003.
We converted our Company into a public limited Company on March 09, 2005.

BACKGROUND

Our Company was started in 1997 by Mr Bhavesh R Talsania, a Chartered
Accountant and Mr Amit R Sheth, a finance professional with engineering and
management qualifications, as a bespoke IT services provider in Microsoft and
Java technologies. In 1999, we got an opportunity to enable a leading private
sector bank to enter the cash management market through innovative products
and solutions. In the same year, Mr Paresh C Zaveri, a finance professional with
engineering and management qualifications joined the Company as a Promoter.
As our services practice grew with more opportunities coming our way, our focus
got crystallized in providing banking IT solutions. Over the years we have grown to
become a strong technology Company as a number of software professionals joined
us and built the niche expertise extensively.

In 2003, we formed a strategic partnership with aurionPro Services Pvt Ltd., a
company founded by experienced banking professionals formerly with the Citigroup
having deep domain experience in niche areas. This partnership, besides deepening
our banking IT focus, expanded the core team to include senior banking technology
professionals with rich experience and deep understanding of current and future
banking needs, thus enabling us to transition ourselves from being founder centric to
professional. The partnership was further strengthened with equity relationship as
aurionPro Services became a significant shareholder in our Company, through an
agreement the terms of which, inter alia, provide that aurionPro Services would be
engaged in the business of management consulting and Business Process Outsourcing
(BPO) and our Company, being a technology company would provide systems support both
for process automation and outsourcing bridging. This arrangement enabled the group to
present an array of services to the banking sector on a mutually beneficial basis. The name
of our Company was, then changed to aurionPro Solutions.

2008

- Aurionpro Solutions Limited has informed that 'Ms. Kinjal Shah was appointed as the Company Secretary and Compliance Officer pursuant to Clause 47C of the Listing Agreement.

2010

- Aurionpro Solutions Ltd has appointed Mr. Vishwanath (Banesh) Prabhu as an Additional Director (Non-Executive and Non Independent) of the Company with effect from March 19, 2010.
 
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