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Net 4 India Ltd. Company History and Annual Growth Details

1985 - Net 4 India Ltd was incorporated on November 29 1985 as a internet service provider, under the provisions of Companies act 1956 as Mangla Chemicals ltd.

1994 - The name of the company was changed to Trident Developers Ltd with fresh certificate of incorporation on 25th April 1994.

1998 - The name of the company was again changed to Amulet Developers Ltd

2000 - The company had assigned Rs. 700 million for the investment in India in 2000, out of which Rs150 million had been planned to be used to acquire firms with related business opportunities.

2001 - Finally name of the company was changed to its current name Net 4 India Ltd through fresh certificate of incorporation dated 28th February 2001.

2003 - The company had launched the calling card 'Phonewala International Travelers Card' for the people traveling abroad. With this the company had become first company to offer this service in India.

2005 - The company had offered in country domain names at an annual fee of Rs.800 per name, where as Rs. 50 from each registration was planned to be donated to the tsunami relief fund.

- The company had filed its offer document for offer for sale to comply with the continuous listing guidelines of SEBI. The offer constitutes 12.75% of the paid up capital of the company.

2007 - On 13th November 2007, board of directors of the company had approved the issue of 5,00,000 shares of Rs 10 each for cash at a premium of Rs. 90 per share to M/s. Bennett Coleman & Company on preferential basis.

2008 - Members of the extraordinary general meeting on 8th February had approved to allot 3542000 shares and 1000000 convertible warrants on a preferential basis.

- On the same date they also approved to increase the authorized capital of the company from Rs. 20 crore to Rs. 25 crore.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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