GSS America Infotech Limited was incorporated as Mayes Technologies
 Private Limited on
 October 13, 2003 under the Companies Act, 1956 with its registered
 office in Plot No. 189, Road
 No.72, Prashasan Nagar, Jubilee Hills, Hyderabad - 500 033, Andhra
 Pradesh. On acquisition of majority stake in the US based software
 company, on June 15, 2006 our company has opted to change its name to
 GSS America Infotech Private Limited to sync in line with the ‘Brand’
 in the US Market. Subsequently, our Company was converted into Public
 Limited Company, the Certificate for conversion from Private Limited
 Company to Public Limited Company was issued by the Registrar of
 Companies on July 7, 2006. 
 
 We started our business in October, 2003 with outsourcing contracts
 for Business development
 Services and Back Office work from US based clients. Our Company has,
 over the years, evolved into an IT outsourcing service provider with a
 number of services that meet most of its client’s outsourcing needs.
 GSS America is now a global provider of customized solutions and
 software services to clients in USA. It was promoted in 2003 by Mr.
 Bhargav Marepally and Mr. Ramesh Yerramsetti. We provide software
 solutions across a host of technologies and platforms.
 
 Major events in the history of our Company are given below:
 
 Year     Major event
 
 2003 * Company was founded with offshore Business development
 contract from GSS
             America Inc.,
 
 2005 * Achieved Revenues of Rs. 596 lacs
 
          * Declared a dividend of 3000% in the second year
 
 2006 *  Acquired 60% stake in the US based company and made it a
 subsidiary
 
          * Made Bonus issue of 499:1
 
          * Achieved consolidated revenues of in excess of Rs. 6300
 lacs
 
          * Achieved a Profit of over Rs.1100 lacs
    
          * Bonus Issue of 4:10
 
          * Declared a dividend of 10%
 
          * Acquired US based consulting company Infospectrum
 Consulting Inc., with
            Projected Revenues of US Million for the current year
 through the US
            Subsidiary GSS America Inc.,
 
         * Acquired the balance 40% Stake in the US subsidiary GSS
 America Inc. by
           outright purchase and made it as 100% subsidiary of our
 company and in turn
           Infospectrum Consultancy Inc., as 100% subsidiary as well.
 
 2007 * Expanded geographically by opening up new branch offices in US
 and Dubai.
 
          * Stock Purchase Agreement to acquire System Dynamix
 Corporation, through
             our wholly owned subsidiary GSS America Inc, effective
 January 01, 2008.
 
          * Received CMMI Level 3 certification
 
          * Declared a dividend of 15%