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Kernex Microsystems (India) Ltd. Company History and Annual Growth Details

The company was incorporated on September 16, 1991 as a private limited
company with the object of designing, developing, installing and maintaining
software packages for domestic and international markets.The company is
registered as 100% Export Oriented Unit (EOU) with Software Technology
Parks of India, Department of Electronics, Govt. of India, New Delhi.

Kernex has developed and exported software packages from 1993 to 2003
namely "Mimex" for GUI application, LearnX a self learning tool, ELX, Flicker,
MathX, EzEc Builder, Netcare, E-DOCS, etc. With E-DOCS, The company
has provided powerful, extensible and affordable document management
and imaging solutions to companies and organizations looking to reduce
their dependence on paper distributed information more efficiently and
assist collaboration among users. MathX was an interactive mathematical
wizard on MS-Windows, NT and 95 for evaluating complete expressions
and solving intricate equations. It provided an easy to use interface to
combine equations, graphics and text in single/multiple documents.
EzEc Builder package was an integrated Electronic Commerce Tool to create
and maintain supermarkets on Internet. It provided a BackOffice administration
and an extensive set of canned reports. A virtual ERP, with all facets of electronics
commerce, inventory control, financial accounting and customer management.
Its turnover increased from Rs. 4.5 Million to Rs. 78 Million during fiscal year
1993 to 2003. In the domestic market, the company also developed Intelligent
Data Acquisition System and installed on Konkan Railways in 53 stations
from 1997 to 1999.

The Company has started developing Railway Safety systems from 1999 and
successfully developed and demonstrated a prototype of ACDs to Konkan
Railway Corporation Limited and Members of the Railway Safety Board.
In March 2000 It entered into a Memorandum of Understanding with KRCL
for Technical Collaboration for developing full scale networked Anti-Collision
Systems (ACDs). The company, jointly with KRCL, took up an intensive
analysis of the major accidents that occurred in India, The functional requirements
of the clients and operational safety procedures have been fully considered,
for designing the logics of Anti Collision Systems. Based on the concept and
domain knowledge provided by Konkan Railway Corporation Ltd, The company
has developed the networked Anti-Collision Devices, using Global Positioning
System, Radio Data Communication, Application Logics and Inter facing these
with an Auto Breaking System developed by KRCL.

The product has been successfully developed for deployment after initial and
extended field trials on the Amritsar- Jalandhar Section of Northern Railway using
125 ACDs of different types during July 2002 to January 2003. The product
underwent improvements and series of successful trials over a period of 3 years.
Consequent to an agreement in the year 2003 with KRCL, we became the exclusive
manufactures and suppliers of these systems to KRCL including installation and
maintenance. On January 20, 2004, the then Honorable Railway Minister launched
the project at Kishangunj, Bihar on a 1730 KMs rail route on the Northeast Frontier
Railway route.

The company has also developed ADDs for Metro Sky-Bus System during
2003 - 04 under technology partnership with KRCL.It also been carrying
out research and development work on Advanced Railway Signal Systems
on cost sharing basis with KRCL.


-The Company has issued Bonus Shares in the Ratio of 1:10.

-The Board recommended a dividend of 10% on the equity shares.
- The Company has received Provisional Work Order from M/s. Konkan Railway Corporation Ltd.
-Mr. Ramanjaneyulu Kothapalli as Company Secretary and Compliance Officer of the Company.

-Sri. Arun Kumar Sun Walka has been appointed as an Additional Director of the Company.
-Kernex Microsystems is awarded R&D contract for Development of Train Collision Avoidance System .

-Sri Anugolu Venkata Ratnam has been appointed as an additional Director of the company.