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Melstar Information Technology Ltd. Company History and Annual Growth Details

YEAR EVENTS
2000 - The Company has set up two development centres one at Bangalore
and one in Mumbai, taking the total number of centres to 11.

- Melstar Information Technologies going in for a preferential issue of shares
to fund the recently announced acquisition of three foreign companies.

- The Company has acquired the US-based IT company Global System for
$1.8 million in a part cash and stock deal.

2007

- Melstar Information Technologies Ltd has informed that Mr. Ashok Kumar Katial has been appointed as an Independent Non-executive Director of the Company with effect from October 08, 2007 in the casual vacancy caused by the resignation of Mr. Darius Pandole.

2009

- Melstar Information Technologies Ltd has informed that Mr. Rajesh V Shah and Mr. M S Adige have been appointed as an Additional Directors of the Company with effect from June 23, 2009.<BR><BR>Being an Independent and Non-Executive Directors, they have also been co-opted as a member of the Audit Committee.
 
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