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Zenith Infotech Ltd. Company History and Annual Growth Details

YEAR EVENTS
1996 - The Company was incorporated on September 20, as 'Zenith Networks
Limited' under the Companies Act, 1956, and renamed as 'Zenith
Infotech Limited' on December, 31. The Company has been promoted
by Mr. Rajkumar Saraf.

- The Company entered the software business in December. It has
over 100 clients availing its 'SuperNET' and 'Net.Enterprise'
service.

1997 - The Company Launched Retail Banking Software. Formed SBU for
targeting towards turnkey software projects. It Executed
projects for Hindalco, Development Credit Bank, ACC.

- The Company proposes to create an Employees Welfare Trust
('Trust') called Zenith Infotech Employees Welfare Trust to
implement the Employees Stock Option Plan.

1998 - The Company launched Net.Council.Com. It Executed projects for
Blue Dart, Associated Capsules, JK Corp., Monsanto. It started
development ZenSync.

- The Authorised share capital of Zenith Infotech is
Rs.15,00,00,000 (Rupees Fifteen Crores) divided into 1,50,00,000
No. of Equity shares of Rs 10/- each.

1999 - The company has undertaken projects for corporates and various
export promotion councils like Chemexcil, Synthetic and Rayon
Textile Council and others, recently concluding work for Blue
Dart.

- The company recently merged two companies, the Mumbai-based
Zenith Infotech and Singapore-based Zenith Software in order to
offer comprehensive hardware and software services the
world-over.

- ZENITH Infotech Ltd. is set to launch an Initial Public Offer
(IPO) of equity shares at a premium of Rs. 100 per share to
fund its new software development centre and meet its marketing
expenses.

- ZENITH Infotech Ltd (ZIL), the software development arm of the
Mumbai-based Rs. 200-crore Zenith Computers, on Friday said it
would set up subsidiaries abroad as part of the company's Rs.
45-crore expansion plans.

- The company recently acquired Zensoft Technologies in Singapore
for $50,000 and converted it into a wholly-owned subsidiary,
Zenith Infotech (Singapore) Ltd.

- ZIL has so far launched software products for retail banking
and export promotion councils. It has also introduced an
Internet banking product, iBanker, for nationalised banks.

- The company is also engaged in web infrastructure maintenance,
client/server re-engineering, database development, web
development, network integration, middleware technology such as
COM and CORBA, web page design and scrip development, etc.

- The company has developed software products for banking
industry, mainly in the areas of internet banking and
centralised MIS software, Besides, it has developed products
for export promotion councils and trade organisations called
net.council.com and is planning to market these products to
trade associations and councils in countries like Singapore and
the US.

- Public Issue of 34,75,000 No. of Equity Shares of Rs 10 each, for
cash at a premium of Rs 100 per share to public and Rs 115 per
share to FIs, MFs, etc. (on firm allotment) aggregating Rs 39.12
Crores.

- It started development of phase 2 of ZenSync. It Development
Net.Bank.Com. It acquired Zensoft Technologies (Singapore) Pte.
Ltd. The Company established branch offices in Delhi, Bangalore,
Chennai and Pune.

- The name of the Company has been changed to Zenith Infotech (S)
Pte. Ltd. w.e.f. 25th October.

2000 - The company has plans to convert its overseas offices into
on-site development centers to strengthen its reach in the
international markets.

- The issue, which opened on December 15, 1999, has been over
subscribed 22 times.

- Zenith Infotech currently has a development center at Mumbai with
75 employees.

- The Company proposed $ 100-million ADR/GDR issue, scheduled for this
November/December, has been put off to the econd quarter of next year
due to poor market conditions.

2009

- Zenith Infotech Ltd has appointed Mr. Vipin Maneklal Shah as a Director of the Company with effect from March 31, 2009.

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