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Odyssey Technologies Ltd. Company History and Annual Growth Details

The company was incorporated as ODYSSEY TECHNOLOGIES
PRIVATE LIMITED ON 6-4-90 under the Companies Act, 1956,
and subsequently converted into a Public Limited Company
and a Certificate for change in name was obtained from the
Registrar of Companies, TamilNadu, Madras from 11th
November 1994. Since it is a private limited company which
has been converted into a public limited company no
certificate of commencement of business is needed.


Apart from rendering Software services, the company has
till now developed two Software Packages. The first one
'EMBROCAD' ix a high efficiency computerised designing and
editing system for the Embroidery Industry. This can format
floppies and transfer designs to multiheaded embroidery
machines, manufactured by four companies namely TAJIMA,
HAPPY, BARUDAN and ZSK. The end users of this package are garment
exporters. This Software is an import substitute item.
Earlier, all the Garment Exporters were depending upon the
imported design systems for their embroidery work. This
package has been highly successful and has generated
turnovers in excess of Rs. 20 lacs each during the years
1992-93 and 1993-94. For the year 1994-95, till now about
Rs. 10 lacs has been generated out of this package.

The second package developed by the company is 'TAEXPERT'.
The entire programming part related to this package has
been completed. The replication of the data on compact
discs is to be done. The end users of this package are
Advocates, Chartered Accountants and Corporate Assessees.

The company is currently implementing an on-line Insurance
Broking & Claim Accounting System for M/s Anda Insurance
Brokers Pte. Ltd. of Singapore to the value of Rs. 5 lacs.
Talks are underway for other similar systems to be
implemented at Singapore. In addition, discussions are
underway to develop a process control system for a
Singapore based subsidiary of a European Company This is
expected to pave the way for a number of products in CAD/CAM area
where Odyssey already has a proven track record.

2000 - Odyssey Technologies and the Bangalore - based PSI Data Systems
Ltd. have signed a memorandum of understanding to offer security and trust
products for the finance industry.

2001 - Odyssey Technologies, an internet security company based in Chennai
has joined hands with Netrust, Singapore for imparting knowledge on
internet sucurity in Singapore.

- The Chennai-based Odyssey Technologies Ltd., launched T-Shell, a secure server
access product for clients to access Unix server over open networks.


-Odyssey India launches co-branded credit card