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Lee & Nee Softwares (Exports) Ltd. Company History and Annual Growth Details

YEAR EVENTS
1988 - Lee & Nee Softwares (Exports) Ltd. (LNSEL) is incorporated on
18th November, with the main object of setting up a 100% Software
export oriented unit at Bhubaneshwar & Calcutta primarily to
offer cost effective and quality software solution to the
overseas clients.

- The Company is promoted by a group of professionals and
businessmen with vast experience. The promoters includes S.M.
Gupta, Shirish Anjaria, B.N. Srivastava, Vinod Goyal. The
Company is engaged in development of package software & turnkey
projects & Customised packages.

- The Company has developed some useful packages viz: OPTI-FINANCE,
OPTI-COST, TAXMAN, CODEX, FOLIO MANAGER, SHARE PROCESS, FR-OFF,
IMAGE SECRET, COAL HANDLER.

1993 - The Company has made the export of its own products developed
In-house in Software Technology Park, Bhubaneswar in the Asian
Market.

- The Company is developing its own software packages indigenously.

1994 - The expansion programme at the STP unit in Calcutta has been
implemented.

- The Company came out with a public issue of 21,00,000 No. of
equity shares of Rs.10/- each for cash at par which was
oversubscribed. The shares were allotted on 22nd April.

1995 - The management proposes to buy a suitable model as per current
need since there is downward trend in Hardware prices and models
are available easily in international market.

1996 - The company is trying to upgrade its operation tuned with the
current trend in Information technology sector such as
Multimedia, Home computing, Internet & Intranet both products &
services.

- In the field of communication, company has launched Video
Conferencing as a product under the trade name of VIDNET.

1997 - Lnsel Computer Academy, its Education Division has come into
operation recently and are hopeful to have a reasonable share of
the I.T. Training Market.

1998 - The Company is developing its own software packages indigenously
and designing World wide Web sites of its own.

1999 - The Company has taken up Web Designing & Web enabled services
including E-commerce and Training Activity as its focus area of
operation.

- It has been proposed to amalgamate Lnsel Finance Limited having
an 100% export oriented unit for Software development, with the
Company.

2000 - City-based Lee and Nee (Software) Exports Ltd is all set to
expand its round-the-clock e-commerce service facilitating
on-line shopping, job hunting, training, travel, shopping and
share trading.

- US firm Kick Communications Inc and Lee & Nee Softwares (Exports)
Ltd is entring into a 50:50 joint venture to launch a new company Kick
Communications India Ltd.

- Lee & Nee has set up a chain of e-commerce centres in Calcutta and
is now expanding its network to over 33 cities and towns.

2001 - Lee & Nee Softwares (Export) Ltd. has launched aapkidukaan.com, a Web-based
shopping mall catering to business to consumers and business to business sectors.

2002-Lee & Nee Softwares Exports Ltd has informed BSE that the Board of Directors have accepted the resignation of Mr Shrish Anjaria from the Directorship of the Company with effect from April 1, 2002.

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