The Company was originally incorporated on 8th February 1995 as 
 Circuit Systems (India) Limited at Gujarat, Dadra & NagarHaveli vide
 
 Registration Number: 04 - 24524. Thereafter the company was
 converted
 into a Private Limited Company andconsequently the name was changed 
 to Circuit Systems (India) Private Limited on 01st August 2001
 and thereafter the company was reconverted into public company 
 and the name was changed to Circuit Systems (India) Limited vide 
 fresh certificate of incorporation dated 07th October 2005
 
 At the time of incorporation, the Registered office of the company 
 was situated at 167, Azad Society, Ambawadi, Ahmedabad-380015
 which was then shifted to B-9-10, GIDC Electronic Estate, Sector
 -25,
 Gandhinagar -382044 w.e.f. 17th June 1996,and thereafter it was
 shifted B-24
 GIDC Electronic Estate, Sector -25, Gandhinagar w.e.f. 11th December
 1997, 
 and thereafter it was shifted to B 14, Neeldeep Appartment, Opp.
 Milan Park,
 B/h Lad Society, Vastrapur, Ahmedabad w.e.f. 15th March,2001 and
 thereafter 
 it was shifted to D - 402, Status Apartment, Thaltej Road, Nr Drive
 in
 Thaltej, Ahmedabad w.e.f. 01st September, 2001 and thereafter w.e.f.
 01st December, 2001 the registered office of the Company has been 
 shifted to B-24 GIDC Electronic Estate, Sector 25, Gandhinagar-382
 044.
 
 The Company is in the market of PCB manufacturing since last more
 than one decade. PCB industry in India has matured significantly and
 has
 started getting recognition world over. Market of PCB is increasing
 very fast as 
 Electronic industry as a whole is growing at vary rapid speed For
 Details
 please refer to page no 39 of this prospectus.
 
 The Company was incorporated on 8th February 1995 as Circuit Systems
 (India) Limited,thereafter during the Year 1997 company had purchased
 
 the Electronic Division(PCB business) situated at B/24 GIDC
 Electronics
 Estate Gandhinagar including the Leasehold land, hereiditaments and 
 premises  together with Buildings, Factory Assets and structures, 
 standing thereon and also Plant and Machinery including spare parts
 which are in stock on transfer date and are required for the
 maintenance
 of Plant and Machinery other tangibles and intangible assets for the
 manufacture of Printed Circuit Boards of StovecIndustries Limited
 against 
 consideration of Rs 450 lakhs which waspaid in cash .This was first
 major expansion in the history of company.
 
 The next mile stone which the company has achieved as a part of its
 expansion programme was in the year 2003 by purchasing plant and
 machineries related to PCB Business from Gujarat Narmada Valley
 Fertiliser Corporation Limited (GNFC) against consideration of
 Rs 404.05 Lakhs which was paid in cash.
 
 The existing major customers of the company are TVS Electronics
 Limited, Bharat Electronics Limited, Essae Electronics Private Ltd.,
 India Nippon Electricals Ltd., Secure Meters Limited, Consolidated
 Dynamics Pvt. Ltd., ITI Limited, ESSAETeraoka Ltd., Inductotherm
 (India) 
 Private Limited, Varroc Engineering private Limited, Photoequip India
 
 Limited,JNS Instruments Limited , Donex Industries Limited at
 national 
 level however company is exporting its products to overseas
 customers
 approximately 30 % of its annual production. For exploring the
 opportunities
 available in USA & other western part of the world ie Countries like
 
 Belgium,France and Italy, company has started participating in trade
 fairs,
 exhibitions and also started approaching various potential customers
 for supply of its product. However no formal agreement is entered
 into 
 with any of the customers till date.To cope up with the emerging 
 opportunities in the domestic as well as overseas market, company has
 set
 up its new unit in the SEZ in GIDC, Gandhinagar as a part of proposed
 
 expansion plan.
 
 MAJOR EVENTS
 
 Years Events
 
 1995   Incorporation of the Company
 
 1997  Took over Electronic Division (PCB Business)
            of Stovec Industries Limited. 
 
 1998   ISO 9000 certification obtained
 
 2003   Purchase of Plant & Machinery related to PCB business from
 GNFC.
 
 2005   TS 16949:2002 certification obtained from DNV Netherlands
 
 2008
 
 -The Company has signed an Memorandum of Understanding (MOU) with
 Mega Circuit, Inc, USA and Accurate Engineering, Inc, USA to set up a
 new Joint Venture Company in the state of Gujarat to manufacture high
 frequency design, flex and rigi-flex, metal-core, external heat sink
 and micro-electronics, printed circuit boards with MIL and SPACE
 specifications.
 
 -The Company designated email id exclusively for grievance redressal
 division / compliance officer.