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PVP Ventures Ltd. Company History and Annual Growth Details

1991

- The Company was originally incorporated as Software Solution
Integrated Private Limited on 1st January and subsequently
changed its name as Software Solution Integrated Limited on 10th
May 1994. The Company was promoted by Mr. K.S. Suresh.

- The company is mainly engaged in the specialised area of RDBMS
training, development and consulting in India. The major
operations of the company are software development, training and
consulting. In software development, SSI has made a mark for
itself in the local market with such prestigious clients as
Citibank N.A.

- The company enjoys a reputation as one of the best RDBMS
specialists in India.

- SSI is the first Company to announce quality training in
emerging RDBMS and GUI technology in lndia. The company
conducts training programs in Oracle, Sybase, Ingres,
MS-Windows, C++, Visual Basic, Power Builder, MS-Access and
Watcom SOL.

- Some of the important corporate customers of the Training
Division are LIC, Sundaram Clayton Ltd., Tractors and Farm
Equipment Ltd., GEC Alsthom Ltd., TI Miller Ltd. and Blue Dart
Ltd.

1993

- The installed capacity of the company for the year was only
about 120 students per month and the capacity utilisation was
only to the extent of about 70%.

1994

- The Company hiked its installed capacity to 300 students per
month and due to overshelming response from the student
fraternity the utilisation also went up to 100%.

1995

- The CFAC Centre at Chennai currently houses a set of seven
class rooms and eight labs, including the additions made as a
part of the expansion plan envisaged.

- Relevant RDBMS software and GUI - based application packages
have been upgraded to the latest versions as a part of a routine
software upgrade.

- The new Pasit Centre at Vadapalani was commissioned.

- To create a niche position in the market, the PASIT Centre has
announced a Branded training module called IMPACT.

- The company has launched a concerted advertisement campaign to
establish Impact as a branded and valued training product.

- The knowledge division is engaged in the development of
quality educational aids such as highly structured course
material, slides and transparencies, videos, CD-ROMS and
multimedia-based CBT (Computer Based Training) packages.

- The company will launch new short-term programmes from the
CFAC (T. Nagar) Centre, concentrating on upcoming technologies
in the area of client-server computing.

- The company will be opening CFAC Centres in Bangalore and
Hyderabad shortly, that will offer similar short term
programmes.

- A new Software product, for automating share transfer
management of a public limited company, will be developed at the
Pasit Centre for launch during the year.

1996

- The Company will expand its offshore development division
substantially to ensure that projects can be executed by
professionals in India using 64-kbit lines.

- The CFAC division, which focused on short term programmes, and
long term programmes such as IMPACT and PASIT have been merged
into the Training Division for operational efficiency and
concurrency.

- Under the umbrella brand of 'IMPACT', a new product
'IMPACT-EP' was launched to cater to the requirements of the
modern day software professional and has been well-received.

- The company was involved in providing services on various
aspects of software development optimally catering to exacting
corporate requirements.

1997

- The Chennai-based Software Solution Integrated Ltd (SSIL) has
received Reserve Bank of India (RBI) clearance for turning its
US operations into a wholly-owned subsidiary with a direct
investment of $2,00,000.

- The company's training division, is set to expand operation in
India by establishing its own centres in Delhi, Mumbai and
Ahmedabad with a view to turn into a major player in the IT
training field on the likes of NIIT and Aptech.

- The company also plans to turn into an Internet service
provider (ISP) to utilise its knowledge base on Internet and
intranets.

- The knowledge division of the company plans to focus on
promoting its software through CDROMs and web-based products.

1998

- The Knowledge Division of Chennai-based software training
company, Software Solution Integrated Ltd (SSIL), has received
ISO 9001 accreditation.

- Software Solutions Integrated (SSIL) is a leader in the
RDBMS-related sector and offering training in various RDBMS
platform, Software Solutions is set to emerge a leading training
centre in the country.

- The Chennai-based Software Solution Integrated Ltd proposes to
place almost 10 per cent of its equity with FIIs/NRIs/corporate
bodies on a preferential allotment basis.

- Software Solution is engaged in training software
professionals and providing consultancy and knowledge-based
services. The company, also has plans to spin off its software
development, sales and support divisions into separate entities,
Software Solution will retain its identity as a training firm.

- The Company has been ranked as the third largest software
education company in India by Computer World, a leading IT
magazine, establishing SSI as an important national player in
the IT training industry.

- The Company's Knowledge Division has obtained the prestigious
ISO 9001 certification from KPMG for the quality systems adopted
in research and development of course content, thereby adding
immense equity to SSI.

- Chennai-based SSI Ltd (formerly Software Solutions Integrated)
will be issuing 7,50,000 equity shares of Rs. 10 each, at a
price of Rs. 750 per equity share on a preferential basis.

1999

- The Chennai-based Software Solutions Integrated Ltd (SSIL) has
rewarded shareholders with a 1:1 bonus issue.

- SSI Ltd (formerly Software Solutions Integrated) will be
issuing 7,50,000 equity shares of Rs. 10 each, at a price of Rs.
750 per equity share on a preferential basis.

- Chennai-based software education major, Software Solutions
Integrated (SSI), has decided to diversify into software
development by setting up a new division within the company.

- SSI currently has a subsidiary in the US, ClientSoft, which is
primarily engaged in body shopping. ClientSoft's clientele
includes Southern Bell, Delta Airlines, Oracle and Pacific Bell.

- SSI Ltd, one of India's leading software education companies,
will be launching its software development division.

- City-based SSI Ltd, formerly Software Solution Integrated, as
part of its plan to set up a software development division, is
in talks with Microsoft Corporation.

- The new 100,000 sq.ft software development centre to be
established in Chennai will be one of the largest of its kind in
the country and will be exclusively focussing on developing
value-added components to software programmes being used by a
wide range of customers.

- SSI (formerly called Software Solutions) is engaged in the
software training and education segment (which is dominated by
NIIT and Aptech who control 70 per cent of the market).

- During the year, the company proposes to expand its centres
throughout the country and set up and overseas network to
provide high-end education services. It also proposes to move
up the value chain by delivering around 100 computer-based
training (CBT) titles by December.

- SSI, which entered into software development by taking over
Indigo Technologies for a price of Rs. 12 crore in August '99,
has been on the look out for acquiring companies for quiet some
time now.

2000

- The company offers software training to students and corporate
bodies in specialised areas and develops solutions for
corporates.

- Indian computer education and software firm SSI has tied up
with US giant Microsoft to offer e-commerce programmes.

- SSI had recently acquired Indigo Technologies, a software
company specialising in online transaction processing solutions.

- The Chennai-based software training major SSI Limited has
agreed to be the co-sponsor of the ATP tour international series
tennis tournament 'Gold Flake Open', being held in Chennai from
3rd January.

- SSI also proposed to set up a dedicated development centre in
Chennai in future.

- SSI is the first company to announce an international offering
after the government recently permitted companies to float
ADR/GDR without prior approval.

- Recently SSI's software division - SSI Technologies - entered
into a joint venture with US-based Nasdaq's parent NASD for
developing products for the security industry. The tie-up with
Nasdaq is the result of the acquisition of technology developed
by IndigoMarkets - a company that was acquired by SSI in August
1999.

- SSI Ltd, Chennai-based IT training and software development
company, is eyeing China as the next major market for its
software education centres. It plans to set up training centres
in Hong Kong and mainland China soon.

- SSI is the third major domestic IT training company to set up
operations in China, after NIIT and Aptech, which have
established centres in Shanghai and Beijing respectively through
local partners.

- The company has entered into a joint venture agreement with
Hong Kong-based IT group, technology Venture Holdings Ltd, for
IT education in Hong Kong and China.

- SSI will take a 9 per cent equity in the joint venture -
'Toptrain' through its wholly owned subsidiary Clientsoft Inc,
USA.

- The education content developed by SSI's ISO 9001-certified
content development group will be converted to Chinese scrip for
delivery in Cantonese and Mandarin.'

- The Company has entered into a joint venture agreement with
Technology Venture Holdings Ltd, a Hong Kong-based IT group.

- The Company has set up its first technology centure -
Cyberschool in the city for high-end software education.
Equipped with state-of-the-art facilities, Cyberschool will
enable students to learn at their own pace.

- SSI technologies, a division of SSI, has struck alliance with
Microsoft to jointly set up a WinDNA Centre of Excellence in
Chennai.

- SSI Worldnet Limited, a subsidiary of Chennai-based SSI Ltd,
has launched SSI-Biznet to build and operate a large number of
industry-sepecific B2B portals.

- SSI Technologies, the software development division of SSI Ltd
has launched Secura Trade, a web-based trading solution of
Indigo Markets Inc. which will offer internet trading solution
in the Indian stock market scene.

- SSI Ltd has acquired the US-based Albion Orion Company in a
cash-and-stock deal worth $63.65 million, the largest
cross-border acquisition by an Indian IT company.

- The Chennai-based SSI Ltd. has tied-up with the Institute of
Chartered Accountants of India to train Chartered Accountants
and ICAI students every year on Information System Auditng and
Computer Aided Auditing Techniques.

- Chennai-based SSI Ltd. has launched NetCommex - a complete
product suite for online commodities trading in the spot market.

2001

- Leading software education and IT solutions provider SSI, which has completed a decade of operations, has unveiled its new logo with a brand vision 'Raising the bar'

-SSI Ltd and Sun Microsystems Inc have announced an education partnership to offer industry leading certification programs on Sun Java and Solaris.

--SSI Education,part of the company, ties up with the Chennai chapter of Indian Institute of Materials Management (IIMM) to deliver a short term high-end training program on e-commerce to the students and corporate members of the institute.

-Transferred assets in the form of Intellectual Property Rights worth $50m (Rs 235 crore), from Albion Orion, a company that it had acquired in the US last year to itself

- SSI Education, education provider in emerging software technologies, has been awarded the ISO 9001:2000 certificate for its delivery of training on IT and related products and services to individuals and corporates.

-Board Announces that Company has entered into an agreement with University of Madras by which students enrolled in SSI's IMPACT and SMARTSTART courses

-Signed up an agreement with the Union Bank of India to provide loans to eligible students for pursuing IT education

- Issued a notice that it does not have any tie-up with SSI for its newly launched programmes.

- SSI has struck a strategic 'Education Alliance' with Oracle
Software India to offer authorised training on Oracle foundation
modules and Java J-Developer programs across all its operational
centres in India.

- SSI Ltd., the Chennai-based software company, is designing a
trading platform for Nasdaq Japan and Nasdaq Europe.

- The Company has entered into a tie-up with Sun Microsystems
Inc, to offer certification programmes on Sun Java and Solaris.

- Software education and software solutions provider, SSI, on
june 14 decided to issue ADR/GDR stock options to its employees
under a new employee equity option plan.

-Prepays Rs 70 cr loan

-Assessed at SEI CMM level 5, joins select list of 27 companies to have achieved this quality landmark

-Promoters increase their equity holding in the company by 4.59 per cent to 24 per cent through the creeping acquisition route

2002

-The promoters of SSI Limited K S Aghoram, K S Ganesh, K S Suresh and Narashinga Rao have increased their stake in the company by purchasing shares from the open market, stake increased to 27.8%

-Albion International, now part of SSIT North America, Inc., has been awarded a contract to build the Wyoming Family Assistance Management Information System (FAMIS).

-SSI Technologies, the software consulting and development division of SSI Ltd, has been successfully assessed for People Capability Maturity Model (P-CMM) Level 3- Version 1.0 of the Software Engineering Institute, Carnegie Mellon University.

-Signed an agreement with the Computer Science Department and the University Industry Community Interaction Centre of the Madras University to offer a six-month information technology training programme, 'Certificate Course in IT Skills'.

-SSI Technologies, the consulting & software services division of SSI Ltd, has been appraised at Level 5 of the Capability Maturity Model Integrated for Software Engineering, Version 1.1, Staged Representation (CMMI-SW, V1.1 Staged).

2003

-SSI North America, a subsidiary of the company, has been awarded a contract to build the State of Minnesota HealthMatch eligibility system.

-Acquires 20.30 % stake in Aptech Ltd., stake increased to 47.45% of Aptech Ltd.

-Directors have considered and approved unanimously inter-alia to access the domestic and/or international Capital Markets to raise funds through issue of equity/convertible securities amounting to US$50 million.

-Decided to take the way of acquisition of tier-II companies for the software growth.

- The existing capital of the company is increased from Rs 25,00,00,000 divided into 2,50,00,000 Equity shares of Rs 10 each to Rs 50,00,00,000 divided into 5,00,00,000 Equity shares of Rs 10 each.

-Received letter from the Promoter Directors of the Company stating that they have acquired 1,54,612 Equity Shares of the Company in demat form from Mr. D. V. Narasingaro, who is also a Promoter Director of the Company. The details of the Promoter Directors are as follows:

1) Mr. K. S. Aghoram acquired 50,000 shares.
2) Mr. K. S. Ganesh acquired 54,612 shares.
3) Mr. Kalpathi S. Suresh acquired 50,000 shares.

--Acquires 100% shareholding in the Bermuda based IndigoMarkets Ltd. Effective September 30, 2003, IndigoMarkets is a wholly owned subsidiary of SSI Ltd.

-As part of its 'IT for masses programme', Computer Society of India (CSI), in association with IT training majors Aptech Computer Education and SSI Education, flagged off the 'India Akshar Mission'. This mass literacy mission aims to train over 2.5 lakh citizens across the country in basic computer skills over 2003-04.

-Board is restructured and reduced to eight members. This follows the recent restructuring of SSI's business during which the company's education and training business was sold to Aptech Ltd, leaving SSI with one principle line of business, namely, consulting and software services.

-Sells its Chennai development centre, Odyssey, for a consideration of Rs 97 crore to the Kalpathi family, promoters of the company.

-BOD have unanimously decided to separate the Company's IT services business

-Signs agreement with Alhamrani Universal Company, part of the Saudi Arabia based Alhamrani Group of Companies, to be the exclusive business partner for marketing SSI's software services and products in Saudi Arabia. In turn, SSI will be the exclusive onsite and offshore development service provider for Alhamrani Universal.

-Members approve sale and disposal of the Education and Training Business as a going concern to Aptech Ltd. with effect from April 1, 2003

2008

-PVP Ventures Ltd has informed that pursuant to the approval of the Board of Directors on June 30, 2008, the Company has decided to appoint M/s. Karvy Computershare Pvt Ltd a Company having its registered office at 46, Avenue 4, Street No. 1, Road No. 10, Banjara Hills, Hyderabad - 500034 (KCPL), as the Registrar and Share Transfer Agent (RTA) of the Company effective from July 07, 2008.

- Company name has been changed from SSI Ltd to PVP Ventures Ltd.
 
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