Powerful Technologies Ltd. Company History and Annual Growth Details

The Company was incorporated as Powerful Technologies Private Limited under the provisions of the Companies Act, 2013 vide certificate of incorporation dated February 26, 2015, issued by Registrar of Companies, NCT of Delhi & Haryana. Subsequently, the name of the Company was changed to Powerful Technologies Limited pursuant to conversion into a public company vide shareholder’s approval on February 12, 2018 and fresh certificate of incorporation dated February 28, 2018, issued by Registrar of Companies, NCT of Delhi & Haryana.

KEY EVENTS ANDMILESTONES IN THE HISTORY OF the COMPANY

2014-15

- Incorporated as Powerful Technologies Private Limited.

2015-16

- Started commercial production.

- Business level scaled up, achieved turnover of appx. Rs. 25 cr.

2016-17

- Signed distribution agreement for KODAK power banks with Strand Europe Ltd.

- Signed licensee agreement to use the “Polaroid and Polaroid & Pixel Design” trademarks with the products i.e. Consumer Televisions and Computer Monitors in the territories of India, Nepal & Bangladesh.

- Got ISO 9001 Certification.

- Got SA 8001 Certification.

- Received special jury awards for contributing to Make in India, a government programme in Banking Excellence Awards year 2016-17.

2017-18

- Signed an agreement with Flipkart India Ltd to have a bulk buying business with them.

- Signed an agreement with Appario Retail Ltd., a JV of Amazon Asia and Patni group to have a focused and bulk buying business onAmazon.in.

- Conversion into Public Limited Company vide fresh certificate of Incorporation dated February 28, 2018