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Coral Hub Ltd. Company History and Annual Growth Details

The company was incorporated on 2nd May, 1994 as a private limited
company in the name Shree Vishal Data Systems Pvt. Ltd. which was
changed to Shree Vishal Data Systems Ltd. w.e.f 13th March 2000.
The name of the company was changed to Vishal Information
Technologies Limited on 17th April, 2000.

The company has its offices in Chennai and Mumbai in India and
provides knowledge process outsourced services to clients abroad.
VITL is in the business of technology for conversion of the normal
fonts into the Braille script and creating larger font for the visually
handicapped. As on date VITL has converted approximately 8,000
books. The company is successfully managed by the promoter
company 'Tutis Technologies Ltd.' (TTL) which was earlier known
as 'Amex Information Technologies Ltd.' TTL is a listed company
at The Bombay Stock Exchange Ltd. (BSE) and trades under
Indonext group. TTL is into the business of providing IT enabled
services and biometric solutions to the corporate world and has
reputed clients such as Wipro Ltd., Siemens Information
Technologies Ltd., HCL Infosys Ltd, L&T Ltd. and AGS Infotech
Pvt. Ltd.

VITL has a subsidiary viz; Basiz Fund Services Pvt. Ltd. (Basiz) was
incorporated in the year 2006 which is in the business of providing
fund account services.


Year Description

May 1994 - Incorporation of the company on 2nd May, 1994 as
Shree Vishal Data Systems Pvt. Ltd.

March 2000 - Company started functioning as full fledged ITES/
BPO company.

May 2000 - The company received its first project from United
Kingdom for converting Tiff image based records to database format.

June 2000 - The company received its first 'Bibliographic' tagging
and indexing job from University in UK.

August 2000 - The company received its first Microfilm based
conversion project from 'Barnet Hospital' UK to capture patients
records to Text based in CSV format.

August 2000 - The company received its first XML Conversion job
from UK consisting of Quark Express files to XML coding.

March 2001 - Developed in-house data verification programme for
attaining 99.998% accuracy level

August 2001 - The company signed a major contract with International
Multilateral Agencies - Europe for a three year period against global
bidding and competition.

October 2001 - Received a major contract from University in UK for
XML conversion project for Court in UK for digitizing criminal cases
starting from 15th Century onwards.

February 2003 - We signed a major contract with a County in USA for
Microfilm to Tiff images and further process for Index and data capture.

June 2003 - University in UK directly approached the company for its
data conversion demands.

June 2004 - Renewal of contract with International Multilateral
Agencies - Europe for a further period of three years.

April 2005 - The company started a new vertical for E-publishing.

April 2005 - The company signed with a major Online Book Printer and
Publisher to convert small font book to large font for the visually impaired.

March 2006 - University in UK signed a contract with the company for
their project comprising of longitudinal studies conducted on the Social,
Educational and Economic progress.

March 2006 - The company invested in Basiz making it a 100%

June 2007 - Charitable Institute for Blind (UK), UK signed a contract with
the company (signed contract for conversion of their repository of books
to Large font PDF files and XML format.)

October 2007 - Completed digitization and conversion of 10,000 books
to Large print PDF files for the Visually Impaired.

October 2007 - We have entered into contract with a leading publisher
and printer for selling of the Large and Regular print PDF files through
the online stores like Amazon.com

October 2007 - Marketing of the books to wholesellers and publishers
through the leading publisher.


- The Company has splits its face value from Rs10/- to Rs1/-.