- The Company was incorporated on 13th January, as a public limited
company and obtained certificate for commencement of business on
- The company has been promoted in the assisted sector by Shri T N
Dureja, A K Dureja, V K Dureja and R K Rajpal.
- The company has entered into a technical collaboration agreement
with Magnetic Chemical Limited, Hong Kong, for providing process
know-how and engineering services, assistance in procurement of plant
and machinery and commissioning of plant.
- The company has set up a project for the manufacture of video
housing and video cassettes and video magnetic tape.
- During the year under review the company entered the capital market
on 28th September, 1993 by issuing 56,00,000 No. of equity shares of
Rs.10/- each for cash at part for financing part of its capital
- A wholly owned subsidiary of Adam Comsof Ltd., has become a member
of the National Stock Exchange of India Limited both for the debt
market as well as the equity segment.
- During the year Mrs. Aruna Rathi resigned as director of the
company. Mr. Pradeep Rathi resigned as Managing Director on 29th
November, 1994 and as a Director w.e.f. 14th August.
- During the year Kolar Securities Services Ltd. ceased to Subsidiary
as it went public in the month of March.
- The Directors, Mr. I.S. Jain, Mr. S. Vardhan, Mr. B.H. Antia and
Mr. R.B. Vaswani resigned from the Board w.e.f 23-09-96, 01-02-97,
02-07-97 and 02-07-97 respectively due to their pre-occupation.
- Mr. K.M. Shenoi Director of the Company expired on 3rd January 1997
due to sudden heart attack.
- The company intends to start research work on productivity of
offshore software development and on employee motivation soon.
- The Company has entered into an agreement with Lecco Technologies
of Hong Kong to market and distribute Application Tunning Tool,
namely SQL Expert.
-Adam Comsof Board approves Preferential Issue
-Company has appointment of Mr Vinod Hingorani as Chairman.