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MCS Ltd. Company History and Annual Growth Details

The Company was incorporated as a Public Limited Company on 26th April 1985 by Mr. Arun Agarwal, a computer professional under the name and style of MAS Computer Services Limited. The Company was issued the certificate of commencement of business on 6th May, 1985.The name of the company was subsequently changed to MCS Limited on 28th August 1987 and a fresh certificate ofincorporation was issued by the Registrar of Companies, Delhi and Haryana.

The Company was incorporated with a view to act as Registrar and Transfer Agents to reputed Companies. The main objects of the Company are stated elsewhere in this Letter of Offer.

Initially the Company commenced business in a small way in Delhi by providing services as registrars and transfer agents to small companies which were not in a position to have full fledged secretarial cum share department by using personal computers. Over a period of time the business of the Company expanded by securing the contract to act as Registrars and transfer agents to reputed companies like Modi Cements Limited, Raymond Synthetics Limited, etc. with a shareholder base of over 1,00,000. With this the Company installed its first advanced computer namely DG MV 7800 a mainframe at Delhi to cater to its increased business. At the same time the Company also opened a branch office at Bombay to cater to the needs of Companies based in the western part of the country by installing similar equipments. In the year 1990 the Company was awarded the contract to act as Registrars to "Deferred Income Unit Scheme" of Unit Trust of India.Subsequently the Company secured some more contracts from UTI to act as registrars to some of its other schemes like DIUS 91, CGUS 91, DIUS 92, etc. With this increase in business the Company installed modern equipments and expanded its office networks by opening branches at Baroda,Calcutta, Madras, Pune and Surat.

2009

-Company had allotted 7,00,000 equity shares of Rs. 10/- each to M/s. S K Infosolutions Pvt Ltd on preferential basis on July 20, 2009.

The aforesaid equity shares allotted to M/s. S K Infosolutions Pvt Ltd represent 14.36% of the paid up share capital of the Company.
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