Financial Technologies

1988:
 
 The Company was incorporated on 12th April, 1988.
 
 1990:
 
 The Company set up an unit in the Madras Export Processing Zone,
 which
 was ready for commercial production on 7th February, 1990. The
 Company
 had a technical and financial collaboration with Worldwide
 Technologies
 Inc., USA which came to an end on 19.10.1990.
 
 1991:
 
 For sale in the Indian market, the Company set up an unit in
 Pallavaram
 in September, 1991 and has also set up yet another factory at
 Reddiarpalayam, Pondicherry. Thus, the Company had three
 manufacturing
 facilities at:
 
 1. Madras Export Processing Zone - For manufacturing of Modems for
 export (capacity: 1250 modems per shift per month).
 
 2. Pallavaram at Madras - For manufacture of Modems for the Indian
 market (capacity: 300 modems per shift per month).
 
 3. Reddiarpalayam at Pondicherry - For manufacture of Modems for the
 Indian market (capacity: 300 modems per shift per month).
 
 All the above manufacturing facilities are for the manufacturing of
 the
 same products, modems and other data communication products.  the
 manufacturing facilities at the Madras Export Processing Zone have
 been
 idle from the time of inauguration of the factory due to paucity of
 export orders.  The Madras factory has subsequently been taken over
 by
 Complete Business solutions (India) Pvt. Ltd. (formerly known as
 Total
 Business Solutions India) Pvt. Ltd.).  Complete Business Solutions
 (India) Pvt. Ltd. has taken over the export obligation of the
 Company.
 MEPZ has given the permission for the transfer of the factory to
 Complete Business Solutions (India) Pvt Ltd. and is in the process
 of
 debonding the Company's materials.
 
 1994:
 
 The Company has set up facilities at Pondicherry which has become
 operational from 1.10.1994 as all the relevant approvals, i.e. 
 excise
 clearance, factory registration certificate, etc. have been
 received.
  
 All these factories are in rented premises.  One of the objectives
 of
 the public issue is to acquire land and construct building at
 Pondicherry, so that the factory at Pondicherry can be relocated to
 owned premises.  The Company is in the process of identifying a site
 for the proposed factory.
 
 Complete Business Solutions (India) Pvt Ltd was converted into a
 public
 limited company in Aug.'94
 
 1995:
 
 In Feb.'95, it made a Rs 2.25-cr public offering, at a premium of Rs
 20, to mobilise funds for expansion and re-location of existing
 manufacturing facilities and acquisition of infrastructure
 facilities.
 
 The emergence of Internet (launched by VSNL), screen-based trading
 on
 all stock exchanges, branch connectivity and greater visibility of
 E-mail operations will give a great boost to the company's products.
  
 The company is diversifying the product range to include high-end
 networking products such as terminal servers, print servers, X-25
 pads
 and routers. It has been appointed as the national distributor for
 Wipro products. It is also negotiating with a foreign company to
 represent video conferencing products and ISDN products.
 
 1996:
 
 During 1996-97, the modem market has moved by 33.6Kbps which is
 presently highest speed as per approved standards and very soon
 56Kbps
 will hit the market. The company has also developed a 6U Modem Card
 and
 obtain Type approval from TEC.
 
 1999:
 
 In July, 99, the company changed its name to Nods Worldwide (NWL)
 
 2002:
 
 As a reorganisation process, the company involved in the demerger of
 its hardware division to a new company Worldwide Infocom Ltd(WIL).
 Inorder to add sharholder value, WIL decided to simultaneously merge
 with Compuage Electronics Ltd(CEL). CEL is a leading distributor of
 products and peripherals in Information Technology field with a
 turnover of Rs.160 crores for the year end 31st March, 2000 and
 hence
 the name of WIL has been changed to Compuage Infocom Ltd(CIL).
 
 The High Court approved the scheme of amalgamation of Electronic
 Broking Services Ltd (EBSL) with the company. ESBL is an application
 service provider in the field of online trading of stocks, shares,
 commodities, metals etc., and has already set up the neccessary
 infrastructure for this purpose. The merged entity was called
 e.Xchange on the Net Limited.
 
 2003
 
 -Financial Technologies baged Vadodara Stock Exchange subsidiary deal
 to deploy integrated trading platform for its wholly owned Exchange
 Subsidiary, VSE Stock Services Ltd.
 
 - Multi Commodity Exchange of India (MCX) has now become a wholly
 owned subsidiary of the company.
 
 -Signed a deal to implement its integrated Dealing Room Technology
 Solution for DSP Merrill Lynch.
 
 2004
 
 -Financial Technologies and Hutch India have together launched what
 they called the first wireless Internet mobile dealing desk through
 the Orange wireless service in Mumbai on April 29, 2004. Called
 `i-Win', this facility provides stock market and trading facilities
 to Hutch and Orange GPRS mobile phone users.
 
 2006
 
 -Financial Technologies raises USD 100 million by way of FCCBs.
 -Financial Technologies wins Deloitte technology India & Asia-Pacific
 awards.