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California Software Company Ltd. Company History and Annual Growth Details

Calsoft, promoted by Shri. S.Santhosh and his associates, was incorporated as a public limited company on February 6, 1992, with the objective of creating facilities for development of software and export thereof at its registered office in Besant Nagar, Madras. The Company
commenced business operations from October 19, 1992. It is a Joint Venture (JV) with equity participation from San Francisco-based bunkering major, Chemoil Corporation (Chemoil), a Forbes 400 Company (Ranking 393 as per rating in 1991). As per the Joint Venture Agreement, Chemoil shall hold a minimum of 24% of Calsoft's equity. As on March 31, 1995 it held 25% of the Company's equity through its subsidiary firm, the Hong-Kong based Kemoil Ltd (Kemoil).,
the holding company of Chemoil. Calsoft has obtained permission from the Government of India for the Joint Venture and equity participation (upto a maximum of 49%). As on November 7, 1995 Chemoil held 49% of Calsoft's equity (Rs.1,54,82,990), which would come down to 24 % after the
proposed issue.

The JV is mainly for financial collaboration, with Chemoil also assisting Calsoft in the areas of marketing, equipment sourcing, etc., where Chemoil's support may give Calsoft the required thrust in the US/European markets. Copies of the aforesaid documents, viz., Joint Venture
Agreement, Government of India's approval for Joint Venture and foreign equity participation and the relevant RB approvals are kept open to the public for inspection at the Company's registered office.

Calsoft has set up a 100 % Export Oriented Software Technology Park at Besant Nagar in Madras, which commenced commercial operations from October 1992. Calsoft comes
under the Software Technology Park, Bangalore, which monitors the activities of Calsoft.

The Company commenced its operations, mainly by managing the MIS services for the Chemoil Group of Companies, spread over San Francisco, Los Angeles, Houston, New Orleans, Panama, Singapore, Venezuela, Philippines and Denmark. Slowly it extended its clientele to include other companies like Technical Solutions, Act International, International
Micro. Computer Software Inc. (IMSI), Delta Airlines, etc,. In 1994, Calsoft took on lease from VSNL a wholly dedicated 64 KB satellite link between Madras and San Francisco and now envisages expansion of its facilities to enable it to undertake more lucrative projects from clients all over United States and effectively down loading the work at Madras and Bangalore. Video conferencing facilities through the link are proposed to be installed in 1996 to smoothen the communication process.

Calsoft has recently set up its own World Wide Web Server on internet that allows it to market and distribute software at a very low cost. In addition this allows easy monitoring of the US Market from India.

2001 - The Company's state-of-the-art software development centre in Tidel Park, Chennai.

- The Company launched in India its Business to Business trading product. Named "Ebiz
Market Server" this product is a powerful integratedframework that would enable companies
to do business on the web, thus reducing transaction costs, enhance sales and distribution
process, deliver value added services and streamline customer and vendor management.

2002-California Software Co Ltd has informed BSE that Mr B R Somayaji has resigned from the Board of Directors of the Company.

2003

-California Software Company Limited has informed that Mr. Koji Takayanagi has resigned from the Board of Directors of the Company.

2004

- California Software Company Limited has informed that Mr. V S Navin Shushant, Company Secretary, has been appointed as Compliance Officer in place of Ms. Lakshmi Priya w.e.f May 03, 2004.

- Four Soft Ltd has informed that The Global Institute of Logistics (GIL) has designated the company as a recipient of its 'Award of Excellence' accreditation.

2005

-Calsoft accredited with CMMI certification

- California Software Company Limited completes acquisition of 100% equity in Webspectrum Software Pvt Ltd., Bangalore.

-Calsoft in alliance with Nasdaq-listed company

-California Software Company Ltd announced the Company has successfully assessed at SEI's CMMI (Software Engineering Institute's Capability Maturity Model Integrated) maturity Level 5 - Staged Representation for its operations in India. The assessment was carried out by KPMG.

-California Software Company Ltd has recommended a dividend of 10%.

-Chennai: California Software Co Ltd has opened its office in Boston, US, under its wholly-owned subsidiary CSWL, Inc.

-California Software Company Ltd has Rights Ratio: 1:1 i.e. one Rights share (Face Value: Rs 10) for every one existing equity share (Face Value Rs 10) held by the shareholders.

2006

-Calsoft secures 21st rank in the Deloitte Fast 50 India 2006 rankings

-California Software Company Ltd Issues Rights in the Ratio of 7:10

-California Software Company Ltd has recommended a Dividend of 10%.

-California Software Company Ltd has announced the launch of their "Center of Excellence" in Data and Telecom Solutions at Bangalore.

2007

-California Software Company Ltd has appointed Mr. Clyde Michael Bandy as Chairman of Board of the Company at the meeting of Board of Directors held on February 08, 2008.

-California Software Company Ltd has recommended a dividend of 7.5% on equity shares (Rs 0.75 per share).

2008

-California Software Company Ltd has announced that Mr. Clyde Michael Bandy has been appointed as Chairman of Board of the Company.

-E-mail ID for Investor's Grievances: investor@calsoft.co.in

-California Software Company Ltd has recommended a dividend of 10% (Re 1.00 per share).

2009

- California Software Company Ltd has appointed Mr. Jerome Lazatin Lorenzo as Non-Executive Director of the Company.

-California Software Company Ltd has announcement availability of Flash Lite 3.1 Windows CE Plug in for Internet Exploerer".

-California Software Company Ltd has announcement of availability of Flashlite 3.1 IE Plug-in player for Smoothway Technology device based on Samsung S3C2450 running WinCE 5.0.

2010

-California Software Company Ltd has recommended a dividend of Rs. 2/- per share.

2011

-Release titled "Closure of sale of Outsourced Product Development Business of Calsoft".

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