Mascon Global

1991
 
 - ASSAN LEASING & FINANCE (INDIA) LTD. was incorporated on 22nd
 March
 as a Public Limited Company to carry on the business of Leasing and
 Hire Purchase and Financial Services.  The company received the
 certificate of commencement of business on 10th May.
 
 - At present the company is engaged into activities like Consultancy
 Services, Inter-corporate deposits and Investments.
 
 - The company is currently engaged in providing corporate
 consultancy,
 project consultancy covering preparation of project report,
 assisting
 the clients in getting the project appraised, & loan syndication
 etc.
 Apart from the above mentioned non fund based activities, the
 Company
 is engaged in Inter-corporate Deposits and Investments in securities.
  
 
 - The company has a good clientele spread over Northern, Eastern and
 Western parts of lndia.  The Company has offices in Delhi and
 Calcutta
 and is in process of setting new offices in Bombay, Ahmedabad, and
 Jaipur.
 
 1999
 
 - In June, Martek Holdings Inc., a company incorporated in Delaware,
 US, entered into a memorandum of understanding with a group of
 equity
 holders in Mascon Global to acquire 28.84 per cent equity in the
 latter.
 
 2000
 
 - The Company has considered the issue of preferential shares to the
 promoters, their associates and technology partners to the maximum
 level of 15,20,000 shares of Rs.10 each at a premium of Rs.260 per
 share.
 
 - The company has already entered into a memorandum of understanding
 with three US-based IT companies -- Synergy Soft Solutions,
 Ponderosa
 Technologies and International Software Consulting Inc.
 
 - The company entered into an agreement with plasticsNet.com, a
 portal
 dedicated to bringing plastics communities together.
  
 - The company has already entered into MoUs with three US-based IT
 companies - Synergy Soft Solutions, Ponderosa Technologies and
 International Software Consulting Inc.
 
 - The Company has set up a -million incubator fund for
 business-to-business (B2B) ventures.
 
 - The company recently tied up with Broad Vision, a sell site
 solutions
 company in the US, to market and implement its solutions on
 e-business
 sites.
 
 - The Company has launched an enterprise resource planning (ERP)
 package, AIMS, tailored for the plastics industry in the US.
 
 - The Chennai-based Mascon Global has signed an agreement with
 Alltrista Engineered Plastics Corporation for supplying its ERP
 solution to two of Alltrista's Industrials division.
 
 - The Company has considered the issue of shares/FCDs or other types
 of
 securities by way of private placement/preferential
 issue/rights/public
 issue/ADRS/GDRs.
 
 - The Company issued 1,56,62,400 Bonus shares in the ratio of three
 shares for every one share held on 30th May.
 
 2001
 
 - Two Chennai-based software companies, Maars Software International
 Ltd. and Mascon Global Ltd., are to merge. effective from January 1.
 
 - Mascon Global Limited, the IT software and services company with
 operations in the US and off shore facilities in Chennai, has struck
 a
 joint venture partnership with global credit card company -
 MasterCard
 International.
 
 - Credit card major MasterCard International on June 26 announced
 creation of a 49:51 joint venture company with Mascon Global to
 develop
 processing software.
 
 2003
 -out come of AGM
 Further increase of the equity shares from Rs 730 million to 1780
 million. The total increased authorised capital of the company will
 be Rs 1800 million.
 
 Approval for voluntary delisting of shares from DSE and JSE
 
 -Mascon Global Board approves allotment of GDR
 
 2006
 
 -Mascon Global achieves prestigious SEI CMMI Level 5 accreditation