|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
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.
-California Software Company Limited has informed that Mr. Koji Takayanagi has resigned from the Board of Directors of the Company.
- 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.
-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
-Calsoft secures 21st rank in the Deloitte Fast 50 India 2006 rankings
-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 appointed Mr. Jerome Lazatin Lorenzo as Non-Executive Director of the Company.