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Cyient Ltd. Company History and Annual Growth Details

1991 - The company was incorporated as a Private Limited Company on
28th August, under the name of Info Tech Enterprises Private Ltd,
with the objective of creating facilities for software
development and its export thereof to global markets. The
Company commenced commercial operations in September 1992.

- InfoTech is promoted by Shri. B.V.R. Mohan Reddy, Shri, K. Rajan
Babu, both technically qualified computer professionas, and Smt.
B. Sucharitha (wife of Shri. Mohan Reddy).

1995 - InfoTech shares a fully functional 128 KBPS Satellite Link,
provided by STP, Hyderabad and has established its own home page
on its World Wide Web Server on the Internet.

1997 - InfoTech was given the ISO 9002 certification by BVQI, London for
its CADD/GIS conversion services. The Company has applied and is
confident of obtaining the ISO 9001 certification for 'Software
Development' by March.

- The company is setting-up new facilities for handling Engineering
consultancy - 3D Modelling projects, enhancing the existing
CAD/GIS conversion capacity by 60%, doubling the capacity for
software development (projects) and also doubling the capacity
for product development (software/data products development).

- Infotech Enterprises Ltd, a 100 per cent export oriented software
unit, is floating a public issue with a unique safety net option
provided by the lead manager Industrial Development Bank of India

- Infotech Enterprises Limited, an Hyderabad based 100 per cent
export oriented company engaged in exporting softwares is
entering the capital market with a public issue o 23,25,000
equity shares of Rs.10 each for cash at premium of Rs.10 per
share aggregating Rs.465 lakhs. The issues slated to open for
subscription on 17th, March.

1998 - InfoTech Enterprises has entered into an agreement with APTA
Conseil of France, a Paris-based group, for cooperation in
software product development for business applications.

- The agreement entered into by Infotech Enterprises with Navionics
of Italy for digitisation and conversion services for the next
two years.

- InfoTech Enterprises Ltd is one of the major players in the
worldwide CAD and GIS markets.

1999 - Infotech Enterprises to buy Cartographic Sciences, a fully-owned
Indian subsidiary of the US-based Analytical Services Inc (ASI)
aimed at synergising both the companies capabilities in data
conversion and software services.

- Infotech Enterprises Ltd, which has completed a geographical
information systems (GIS) project for Bharti Telenet Ltd, Bhopal,
in five months, has earned the Fast Track Award from SmallWorld
Systems Pte Ltd, UK.

- The company has decided to set up a specialised JAVA programming
team which will offer a variety of services.

- The company has launched a ERP product for the manufacturing
industry which caters to the small and medium enterprises.

2000 - Hyderabad-based software solutions and services provider, has
tied up with the Germany-based OpenShop Internet Software to act
as an exclusive distributor to offer the latter's solutions in
the Indian Market.

- Infotech Enterprises Ltd., a Hyderabd-based software solutions
and services provider, has tied up with Openshop internet
Software and E-Business Solutions Company from Germany to have an
exclusive right to distribute Openshop software packages to
Indian customers.

- Infotech Enterprises has decided to issue 2.18 lakh equity shares to the
erstwhile shareholders of Dataview Solutions Ltd, UK, as an additional
consideration as per the agreement between the company and the
shareholders of Dataview.

- The Company has successfully completed a major software development
contract for Nova Development Corporation, California.

2001 - The Andhra Pradesh High Court has approved the scheme of amalgamation of
Cartographic Sciences Ltd, the wholly-owned subsidiary of the company, with Infotech
Enterprises Ltd effective from 1st April.


-Company allots 10,80,010 shares and 3,00,000 warrants with an option to convert them into equity shares to M/s Carrier international Mauritius Ltd.

-Forms a strategic business alliance with Pratt and Whitney.

-Appoints Charles W Ayer as the Additional Director on the board of the company.

-Company has been assessed at Level 5 of the Capability Model (CMM) of the software Engineer Institute for its software development & services.

-Shareholders approve for the bonus issue of shares in the ratio of 1:1.

-Wins a major long term GIS contract from KPN Telecom, to provide spatial data management services.


-Allots 41050 equity shares to the associates of the company under the Associate Stock Option Plan 2001.

-Infotech Enterprise and TerraQuest join forces to address the UK Local authority e-government agenda.

-Certive forges an alliance with the company to accelerate rapid business intelligence solutions.

-Announces the successful appraisal at Level 5 of the Capacity Maturity Model Integration version 1.1.

-Appoints Mr Richard Green as the Non-Executive Director on the Board of the company.

-Signs a long term contract with Tele Atlas NV, Netherlands to provide map data conversion services.

-Members approve for delisting of equity shares of the company from 3 stock exchanges
( Hyderabad, Madras and Delhi ).

-Mr K Basi Reddy, Promoter sells 20000 shares of the company, which accounts to 0.14%.

-Signs long term outsourcing contract with Bombardier Transportation to provide Engineering services.


-Infotech Enterprises acquires VARGIS - a GIS company in the US

-Delist from the Madras Stock Exchange w.e.f. October 19, 2004.


-Infotech Enterprises enters into strategic agreement with Ten Sails

- Infotech Enterprises Ltd inaugurates its US geospatial production facility at Frostburg, Maryland managed by the Companys American subsidiary, VARGIS, the new facility grew out of collaboration with Frostburg State University, Allegany County and the State of Maryland.


-Infotech Enterprises Ltd has appointed Mr. Bill Grabe as an Additional Director of the Company.


-Infotech Enterprises Ltd has appointed Mr. Sunish Sharma as an alternate director to Mr. Bill Grabe.


-Infotech Enterprises Ltd has appointed Mr. Sunish Sharma as an alternate director to Mr. Bill Grabe under section 313 of the Companies Act, 1956.

-Infotech Enterprises Ltd, global technology solutions provider, on March 17 announced that it has signed a new multi-year contract with digital map leader Tele Atlas to provide extensive map database and software development services.

-Infotech Enterprises Ltd has signed an MOU with Institute of Aeronautical Engineering, Dindigul and M L R Institute of Technology Dindigul on March 19, at Hyderabad.

-Infotech Enterprises Ltd, on March 24, 2008, has announced the appointment of Don Kielty as Vice President North America Sales in the manufacturing vertical.

-Infotech Enterprises Ltd has appointed Mr. William P Henry as an additional director on the Board of the Company.
Oct 24, 12:00 am
Oct 24, 4:14 pm
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