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Edserv Softsystems Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as M/s. Lambent Systems Private Limited as in the
State of Tamil Nadu on March 13, 2001 under the Companies Act, 1956 vide certificate of
incorporation issued by Registrar of Companies, Chennai .The name of the Company was
changed to M/s. Lambent Softsystems Private Limited with effect from December 05, 2001
and a fresh certificate of incorporation was obtained from Registrar of Companies, Chennai.
Lambent, since its inception in 2001, has been very active in providing staffing solutions and
customised resource solutions. During 2001, Lambent worked extensively on Y2K problem
solving by migrating applications and database to Y2K proof versions and platforms. Lambent
started providing application development support and implementation in Oracle and ERP
technologies. Our company purchased the fixed assets and development division of Radiant
Software Limited in August 2001. In September 2001 we Launched packaged application
software products Raymedi, Groceray and Rayasset. In the year 2002, we launched the antipiracy solution to feature films called Vidapidi, and other applications such as Radimail
(pharmacy software), Meru (ERP Software) and Salaray (pay roll software). In the year 2004
there was a sale of IPR Rights (RAYMEDI) to M/s. Gofrugal Technologies Private Limited. In
2005 our Company entered in the Business Agreement for selling of software project
development business and fixed assets to Onspec Technology Solutions Private Limited. In
year 2007 M/s. Lambent Softsystems Private Limited acquired ELMAQ, the premier IT
Education and Training business from Mr. S. Giridharan by entering into Business Purchase
Agreement with him for business take over along with Assets and Liabilities for a
consideration of Rs.90 lacs by issue of Fully Convertible Debentures. In the year 2008 the name
of the company was changed to M/s. Edserv Softsystems Private Limited and a fresh
certificate of incorporation consequent to change of name was obtained on January 09, 2008.
Subsequently the name was further changed to M/s. Edserv Softsystems Limited upon
conversion into public limited company and a fresh certificate of incorporation was obtained
on April 22,2008.

Milestones Achieved:

Year Event

March 13, 2001 Incorporation of the company

October 03, 2001 Microsoft signs up with Lambent as a partner for Exchange solutions

December 21, 2001 First Corporate Training order signed with Microsoft India

February 13, 2002 First staffing solutions contract from Infosys Technologies

June 07, 2002 Launch of ERP product development (MERU)

December 12, 2003 Software based piracy control solution gets accreditation from South
India Film Chambers of Commerce (SIFCC)

October 27, 2004 First training center born as ELMAQ center

October 28, 2004 Launch Courseware of ELMAQ launched for 5 subjects

November 15, 2004 First batch start of ELMAQ

August 18, 2005 Sun Microsystems (India) Private Limited signed up for authorized
Java education partnership

September 23, 2005 Oracle signed up for authorized education partnership

January 23, 2006 25th Center of ELMAQ inaugurated at Trivandrum

April 02, 2007 HEADS Model development with LAMPS commenced

October 07, 2007 Lambent acquires ELMAQ

January 28, 2008 EdServ HEADS Model launched

January 30, 2008 First center of EdServ signed up

April 22, 2008 Conversion from Private Limited into a Public Limited Company.

April 23, 2008 5 subjects completed in HEADS learning format

May 07, 2008 LAMPS launched live with HEAL content


-Registered Office of the Company has been shifted from New No. 139, I Floor, Panna Plaza, Arcot Road, Kodambakkam, Chennai - 600 024 to No. 50 Old No. 72, Arya Gowder Road, West Mambalam, Chennai - 600033