Paradyne was promoted by first generation entrepreneurs Annand
 Sarnaaik 
 and Divvyani Sarnaaik - to start the business of providing
 Information Technology 
 Services with an initial capital of Rs. 1 lac. Paradyne was
 incorporated with the 
 Registrar of Companies, Maharashtra, Mumbai as Paradyne Infotech
 Private 
 Limited on December 05, 1997 and was converted into a Public Limited
 Company 
 on September 28, 2004.The registered office of the Company at the
 time of 
 incorporation was at C-54, Panorama Park, Ashok van, Borivili (E), 
 Mumbai - 400 068. With effect from 1st April 2000 the registered
 office was shifted
 to 53 / 2476, Radheshyam, Gandhi Nagar, Bandra (E), Mumbai – 400 051
 & w.e.f 
 30th March 2004 it is situated at 801, Balarama Building, Bandra
 Kurla Complex, 
 Bandra (E), Mumbai - 400 051.
 
 In the initial years, the company provided System Integration and
 Networking 
 Solutions and developing software solutions in Oracle and D2K
 technologies.
 
 Over the years Paradyne has transformed and grown to become an ISO
 9001:2000 
 certified end-to-end IT services company with core competencies in
 Software Services, 
 Managed Services, System Integration, and BPO Services. Paradyne is
 one of the 
 Level 1 Turnkey Solution Provider empanelled by Government of
 Maharashtra along 
 with few selected major IT companies like IBM, TCS, Wipro, CMC, Tata
 Infotech,
 etc.
 
 2007
 
 - Company name has been changed from Paradyne Infotech Ltd to Glodyne
 Technoserve Ltd.
 
 2010
 
 - Glodyne Technoserve Ltd has received Maharashtra IT Award 2010.