Sujatha Data Products Ltd., a pioneer in the field of computer
peripherals was promoted by P.D.Gupta in 1982. The other group
companies namely Microlytic Tech Services, High-Tech Electronics,
Alphine Services & Sujatha semiconductors have carried no business
Sujatha's product range comprises of floppy disk drives, key boards,
cardsets, printers etc. Sujatha is best known for its range of
Verbatim Datalife Diskettes manufactured in a joint venture with
Verbatim Corporation of USA. Sujatha has also technical & marketing
tie ups with several world giants such as TEAC Corpn. of Japan for
floppy disk drives, Seagate Technology of USA & Worldstar
International of USA to reproduce software.
Sujatha was the 1st to introduce the now popular 5 1/4 inch floppy
drives in 1984. Later on in 1985 it started exports of floppy drives
& won the excellence in exports award from Elcina a premier
The turnover of the company stood at Rs.10.45 crore in 1991-92 & a
profit after tax at Rs.64.27 lakhs.
The company posted a higher sales in the year ended 3.3.93 at
Rs.15.61 crores which represent an increase of 49.4% over the
previous year. Profits also rose by 56% to Rs.100.2 lakhs. The
increase in net profits was due to sharp reduction in finance
expences from Rs.1.18 crores in 1990-91 to Rs.51.17 lakhs in 1992-93
following in a fall in unsecured loans from Rs.62.9 lakhs in 91-92 to
Rs.9.35 lakhs in 92-93. A dividend at Rs.1.50 per share was declared
in 1992-93 and a bonus issue of Rs.1,84,80,600 was made.
Sujatha came up with a public issue in November 1993 of Rs.11,25,000
equity shares of Rs.10 each at a premium of Rs.10 per share amounting
to Rs.2.25 crores to part finance its diversification project to
manufacture one lakh numbers of monochrome monitors p.a. The cost of
the project was estimated at Rs. 4.18 crore and IDBI extended an
equipment finance loan of Rs. 1.5 crore.
-Equity shares delisted from Bangalore Stock Exchange
- ACI Infocom Ltd has appointed Mr. Omprakash Bohra as Independent
Non-Executive Director of the Company with effect from January 30,
-ACI Infocom's sub-division / stock split of Equity Share of Rs. 10/-
per share of the Company into the shares of Rs. 1/- each.
-Company has splits its Face value of Shares from Rs 10 to Re 1