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GSS Infotech Ltd. Company History and Annual Growth Details

GSS America Infotech Limited was incorporated as Mayes Technologies Private Limited on
October 13, 2003 under the Companies Act, 1956 with its registered office in Plot No. 189, Road
No.72, Prashasan Nagar, Jubilee Hills, Hyderabad - 500 033, Andhra Pradesh. On acquisition of majority stake in the US based software company, on June 15, 2006 our company has opted to change its name to GSS America Infotech Private Limited to sync in line with the ÂBrandÂ in the US Market. Subsequently, our Company was converted into Public Limited Company, the Certificate for conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies on July 7, 2006.

We started our business in October, 2003 with outsourcing contracts for Business development
Services and Back Office work from US based clients. Our Company has, over the years, evolved into an IT outsourcing service provider with a number of services that meet most of its clientÂs outsourcing needs. GSS America is now a global provider of customized solutions and software services to clients in USA. It was promoted in 2003 by Mr. Bhargav Marepally and Mr. Ramesh Yerramsetti. We provide software solutions across a host of technologies and platforms.

Major events in the history of our Company are given below:

Year Major event

2003

-Company was founded with offshore Business development contract from GSS America Inc.,

2005

-Achieved Revenues of Rs. 596 lacs

-Declared a dividend of 3000% in the second year

2006

-Acquired 60% stake in the US based company and made it a subsidiary

-Made Bonus issue of 499:1

-Achieved consolidated revenues of in excess of Rs. 6300 lacs

-Achieved a Profit of over Rs.1100 lacs

-Bonus Issue of 4:10

-Declared a dividend of 10%

-Acquired US based consulting company Infospectrum Consulting Inc., with Projected Revenues of US$17 Million for the current year through the US Subsidiary GSS America Inc.,

-Acquired the balance 40% Stake in the US subsidiary GSS America Inc. by outright purchase and made it as 100% subsidiary of our company and in turn Infospectrum Consultancy Inc., as 100% subsidiary as well.

2007

-Expanded geographically by opening up new branch offices in US and Dubai.

-Stock Purchase Agreement to acquire System Dynamix Corporation, through our wholly owned subsidiary GSS America Inc, effective January 01, 2008.

-Received CMMI Level 3 certification

-Declared a dividend of 15%

2008

-GSS America Infotech Ltd gets its shares listed in the stock exchange n the list of 'B' Group Securities.

2009

-GSS America has recommended a dividend of 15%

2010

-GSS America is acquiring US $30 Million revenues companies in United States, (US) to expand its portfolio of offering to its clients.

-GSS America Recommended a dividend of Rs. 1.50/-

2011

-Company has changed its name from GSS America Infotech Ltd. to GSS Infotech Ltd.

-Registered Office of the Company has been shifted from GSS Infotech Ltd., Wing-2, Block-B, Cyber gateway, Madhapur, Hyderabad - 500081To unit no.5-01, level 5, Block-2, cyber pearl, Madhapur, Hyderabad-500081.

-DULSCO sign up with GSS Infotech for internal portal development

-GSS Infotech achieves Symantec End Point Management Master Specialization

-GSS Infotech launches e-Govt procurement System Portal

2012

-GSS Infotech recognized as top technology integrator in North Ameriica

-A century old Architect firm based out of US choose GSS for Documents Version Project

2013
-GSS Infotech appointed Mr. Javed Faizullah Tapia as an Additional Director on the Board.

2014
-GSS Infotech has been changed Registered Office to Level 3 and 4, Brigade Towers, Plot no 30 and 31Financial District, Nanakramguda, Gachibowli, Hyderabad, Ranga Reddy - 500 032, Telangana.The contact details of new Registered Office are as below: Contact Person: Mr. Sai Krishna Narla Tel. No.:+91 40 44556600 Fax No.:+91 40 40028703 Email ID: [email protected]

2018
-GSS Infotech entered into Share Purchase Agreement for acquiring 100% shares of Nexii Labs Inc USA.

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