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Computer Point (India) > Company History > Computers - Hardware > Company History of Computer Point (India) - BSE: 507833, NSE: N.A
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Computer Point (India)
BSE: 507833|ISIN: INE607B01012|SECTOR: Computers - Hardware
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Computer Point (India) is not listed on NSE
Company History - Computer Point (India)
YEAR                       EVENTS
 1984 - The company was incorporated on 14th September, and the
        certificate of commencement of business was obtained on 23rd
        November.  It was promoted by N.M. Javeri (former finance
        director of Burrough's Welcome India, Ltd.) and P.L. Ahuja
        (formerly an executive with Blue Star, Ltd.).  The company is
 a
        one stop supplier for all items required by the computer
        industry.  The main object of the company is to manufacture  
 
        dealing in computer and their hardware and software.
 
      - The company undertook to set up computer retail stores all
 over
        India and to set up a software development unit to develop
        software for the Indian and Export Market.  The first retail
        store was opened in Mumbai on 31st December.
 
 1985 - New retail stores were opened in major cities of Bangalore
 and
        Chennai.  The Company also started offering computer
 education
        services under the name of CHIP CLUB.
 
 1986 - 5,000 shares taken up by promoters, directors, etc. 9,95,000
        shares then issued at par out of which 3,95,000 shares were
        reserved and allotted to directors and employees of the
 company,
        friends and business associates.  The balance 6,00,000 shares
        were offered for public subscription during December 1985
 (All
        were taken up).
 
 1989 - State-of-the-art Modi Olivetti personal computers were
 launched
        and the Company also re-launched spectrum home computers and
        their own patented brand of Flamingo consumables through
 their
        retail shops.  Identifying computer training and franchising
 as a
        thrust area, the Company planned to appoint another 30
        franchisees among them being local ares networking under the
        brand name ACE and various office automation products.
 
      - 10,00,000 No. of equity shares issued at par as rights in
 prop.
        1:1.
 
 1991 - The Company had signed agreements with Venture Software Inc.
 U.K.
        and Logitech, Switzerland for the state-of-the-art products,
        viz., Venture Desk Top Publishing Software and Mouse Computer
        Peripheral respectively to be published/repacked by the
 Company
        for on-ward distribution in SAARC countries.
 
      - In November, the Company issued 20,00,000 No. of equity shares
 of
        Rs. 10 each as rights at par in proportion 1:1.  All were
 taken
        up.
 
      - Another 1,00,000 No. of equity shares of Rs. 10 each were
 offered
        to the employees.  Only 1300 shares taken up.
 
 2004
 
 -Computer Point launches Techno Gallery - A Window to World-wide
 Technologies
 
 
Source : Dion Global Solutions Limited
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