Excelsoft Technologies Ltd. Company History and Annual Growth Details

Our Company was incorporated as a private limited company under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by Registrar of Companies, Bangalore at Karnataka (“RoC”) on June 12, 2000 as “Excelsoft Technologies Private Limited”. Our business was started by our former Chairman and Promoter late Prof. Manchukondanahalli Hiriyanna Dhananjaya, and our Promoters Late Sukanya Dhananjaya, Dhananjaya Sudhanva, and Lajwanti Sudhanva. Pursuant to the incorporation, our Company vide board resolution dated July 31, 2000, approved the acquisition of M/s Sudhanva Enterprises a partnership that was held by late Prof. Manchukondanahalli Hiriyanna Dhananjaya, late Sukanya Dhananjaya, Dhananjaya Sudhanva, and Lajwanti Sudhanva. The acquisition was recorded by the parties under an agreement dated August 1, 2000. For further details, see chapter titled “Capital Structure” on page 106. Further, pursuant to a special resolution passed by our shareholders on July 22, 2024, our Company was converted to a public limited company and our name was changed to “Excelsoft Technologies Limited”. A fresh certificate of incorporation consequent to change of name was issued by the RoC on September 17, 2024.

Major Events and Milestones:

2000

- Acquisition of partnership firm M/s Sudhanva Enterprises (Trade name Excel-soft) along with its assets, liabilities, goodwill, brand-name, etc.

2006

- Company designed and built an assessment platform for Pearson Inc. based on our core software ‘SARAS’

2007

- Built a service-oriented architecture-based platform for learning and assessment which was licensed through our then joint venture Freedom to Learn Limited (former Subsidiary) to a United Kingdom based entity and some of its affiliates

2008

- Acquisition of Freedom To Learn Limited as our wholly owned Subsidiary

2009

- Acquisition of Imfinity Pte Ltd. (presently known as Excelsoft Technologies Pte. Ltd) as our wholly owned Subsidiary

2011

- Launched our platform OpenPage

2012

- Acquisition of Meteor Online Learning Limited (presently known as Excelsoft Technologies Limited) as our wholly owned Subsidiary

- Incorporated Excelsoft Technologies Inc. as our wholly owned Subsidiary.

2013

- We developed a platform called Educational Positioning System (EPS) (now called College SPARC)

2021

- A certification body, The Chartered Quality Institute registered under the Royal Charter opted for SARAS

2023

- Developed an Artificial Intelligence (AI) platform -AI-levate

2024

- Acquisition of Enhanzed Education Private Limited as our wholly owned Subsidiary

- Conversion of our Company into a public limited company.