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Commex Technology Ltd. Company History and Annual Growth Details

Our Company was incorporated on the 24th day of January, 2000, under the
name 'Global e-Com (India) Private Limited' under The Companies Act, 1956
(1 of 1956). Our Company was converted into a public Limited Company with
effect from 8th February, 2000 and the name of our Company was changed to
Global e-Com (India) Limited. Thereafter, on 11th day of April, 2000, name of
our Company was again changed to 'Balwas e-Com India Limited'.

In April 2003, Balwas e-Com India Ltd was acquired by IT People Private Limited,
by way of acquisition of 63,93,100 Equity Shares from the Promoters of Balwas
e-Com India Limited for a consideration of Rs.2.20 per Equity Share and
subsequently made an open offer for acquisition from the remaining shareholders
through a prospectus filed with SEBI. Under new management, name of our
Company was changed to Starmax Infomedia Limited and a fresh certificate of
incorporation, consequent to the change of name was granted to our Company
on October 28, 2003.Thereafter w.e.f. 22nd day of November, 2004, name of our
Company was again changed to its present name 'IT People (India) Limited'

Our company is in receipt of Certificate of Registration from BSI Management
Systems (I) (P) Ltd. - New Delhi, for 'Information Security Management System'
- ISO/IEC/ 27001: 2005 issued on 09/07/2007 and expires on 16/10/2008.

Milestones Achieved by our Company

Year Milestone

Jan 2000 Incorporation of Global e-Com (India) Private Limited.

Feb 2000 Change of name to Global e-Com (India) Limited

Apr 2000 Change of name to Balwas e-Com India Limited

Apr 2003 Acquisition of Balwas e-Com India Limited by IT People Private Limited

Oct 2003 Change of name to Starmax Infomedia Limited

Nov 2004 Change of name to IT PEOPLE (INDIA) LIMITED

Feb 2005 www.itpeopleltd.in Beta site launched in India

Jun 2005 Six Branches all across India operational

Jul 2005 BS7799 Certification

Oct 2005 Tie-up with Dubai Outsource Zone

Dec 2005 IT People.com soft launched in India

Jan 2006 IT People Awards for Excellence instituted

Feb 2006 IT Moves launched, a magazine for IT jobs

Feb 2006 IT People Middle East Portal soft launched

July 2007 ISO/IEC/27001:2005 certification