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Ushdev International Ltd. Company History and Annual Growth Details

1994 - Ushdev Trade and Finance Ltd. was incorporated as a Public
Limited Company on 18th May , and obtained commencement of
Business Certificate on 31st May, under the Companies Act, 1956
from the Registrar of Companies, Maharashtra.

- The Company has been promoted by Shri. Vijay Gupta, a commerce
graduate and an experienced businessman and Mrs. Suman Gupta, a
first generation entrepreneur.

- The Company is presently engaged in commission business and
trading in shares.

1995 - The Company of Public Issue of 17,50,000 No. of Equity Shares of
Rs. 10/- each for cash at par aggregating Rs. 175 Lacs.

1997 - The Company has successfully commissioned in March.

- The Company had with the approval of the RBI set up in January,
a 100% wholly owned subsidiary in the Cayman Islands, named
Ushdev International (Cayman) Limited to trade in the
international market.

1998 - During the year under review, the Company has allotted 20,000
Equity Shares of Rs. 10/- each at a premium of Rs. 40/- each to
ITC Agrotech Finance & Investment Limited, as they have opted for
conversion of 1,00,000 - 19% Optionally Convertible Redeemable
Preference Shares of Rs. 10/- each into Equity Shares.


-The Company has issued Bonus Shares in the Ratio of 1:1.


- Ushdev International Ltd has informed that Ms. Suman Gupta, Director, be appointed as the Chairperson of the Company.