1984 - The company was incorporated on 14th September, and the
certificate of commencement of business was obtained on 23rd
November. It was promoted by N.M. Javeri (former finance
director of Burrough's Welcome India, Ltd.) and P.L. Ahuja
(formerly an executive with Blue Star, Ltd.). The company is a
one stop supplier for all items required by the computer
industry. The main object of the company is to manufacture
dealing in computer and their hardware and software.
- The company undertook to set up computer retail stores all over
India and to set up a software development unit to develop
software for the Indian and Export Market. The first retail
store was opened in Mumbai on 31st December.
1985 - New retail stores were opened in major cities of Bangalore and
Chennai. The Company also started offering computer education
services under the name of 'CHIP CLUB'.
1986 - 5,000 shares taken up by promoters, directors, etc. 9,95,000
shares then issued at par out of which 3,95,000 shares were
reserved and allotted to directors and employees of the company,
friends and business associates. The balance 6,00,000 shares
were offered for public subscription during December 1985 (All
were taken up).
1989 - State-of-the-art Modi Olivetti personal computers were launched
and the Company also re-launched spectrum home computers and
their own patented brand of Flamingo consumables through their
retail shops. Identifying computer training and franchising as a
thrust area, the Company planned to appoint another 30
franchisees among them being local ares networking under the
brand name 'ACE' and various office automation products.
- 10,00,000 No. of equity shares issued at par as rights in prop.
1991 - The Company had signed agreements with Venture Software Inc. U.K.
and Logitech, Switzerland for the state-of-the-art products,
viz., Venture Desk Top Publishing Software and Mouse Computer
Peripheral respectively to be published/repacked by the Company
for on-ward distribution in SAARC countries.
- In November, the Company issued 20,00,000 No. of equity shares of
Rs. 10 each as rights at par in proportion 1:1. All were taken
- Another 1,00,000 No. of equity shares of Rs. 10 each were offered
to the employees. Only 1300 shares taken up.
-Computer Point launches Techno Gallery - A Window to World-wide Technologies