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Indiaco Ventures Ltd. Company History and Annual Growth Details

2000 - IndiaCo was incorporated in the year 2000, by a team of professionals with investment, corporate finance, investment banking, venture funding and private equity experience.

2005 - Indico Ventures Ltd acquired Shivaji Securities Limited, which comes into existence in 1983, and is now known as IndiaCo Ventures Limited.

2006 - The company got listed in BSE.

2007 - Indiaco Ventures Ltd had acquired 25.64% stake in Verity Technologies Pvt Ltd.

- The company also acquired 20.83% stake in Laser Cosmetics Pvt Ltd.

- On 20th December 2007, the board of directors of the company had considered and approved the conversion of 11,00,000 optionally convertible preference shares issued to India Holdings.

- On the same meeting they considered to issue warrants convertible into equity shares of Rs 10 each on a preferential basis to promoters or promoter group companies.

- Company name has been changed from Shivaji Securites Ltd to Indiaco Ventures Ltd.

2008 - On 25th January 2008, Indico Ventures Ltd had approved the formation of a subsidiary under the Chairmanship of Mr. Prithipal Singh, former Chairman and Managing Director of BSNL.

- Company appointed Mr. Vinayak Bhattacharjee, Head of Southern Europe of Barclays Global Investors Ltd., as an independent director on the board of the company.