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Net 4 India > Company History > Computers - Software Medium/Small > Company History of Net 4 India - BSE: 532912, NSE: NET4
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Net 4 India
BSE: 532912|NSE: NET4|ISIN: INE553E01012|SECTOR: Computers - Software Medium/Small
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Company History - Net 4 India
1985 - Net 4 India Ltd was incorporated on November 29 1985 as a
 internet service provider, under the provisions of Companies act 1956
 as Mangla Chemicals ltd.
 
 1994 - The name of the company was changed to Trident Developers Ltd
 with fresh certificate of incorporation on 25th April 1994.
 
 1998 - The name of the company was again changed to Amulet Developers
 Ltd
 
  2000 - The company had assigned Rs. 700 million for the investment
 in India in 2000, out of which Rs150 million had been planned to be
 used to acquire firms with related business opportunities.
 
 2001 - Finally name of the company was changed to its current name
 Net 4 India Ltd through fresh certificate of incorporation dated 28th
 February 2001.
 
 2003 - The company had launched the calling card 'Phonewala
 International Travelers Card' for the people traveling abroad. With
 this the company had become first company to offer this service in
 India.
 
 2005 - The company had offered in country domain names at an annual
 fee of Rs.800 per name, where as Rs. 50 from each registration was
 planned to be donated to the tsunami relief fund.
  
 - The company had filed its offer document for offer for sale to
 comply with the continuous listing guidelines of SEBI. The offer
 constitutes 12.75% of the paid up capital of the company.
 
 2007 - On 13th November 2007, board of directors of the company had
 approved the issue of 5,00,000 shares of Rs 10 each for cash at a
 premium of Rs. 90 per share to M/s. Bennett Coleman & Company on
 preferential basis.
 
 2008 - Members of the extraordinary general meeting on 8th February
 had approved to allot 3542000 shares and 1000000 convertible warrants
 on a preferential basis.
 
 - On the same date they also approved to increase the authorized
 capital of the company from Rs. 20 crore to Rs. 25 crore.
 
 2009
 
 - Net4 Launches Pay-as-you-Go E-mail and Collaborative Services.
 
 - The Board has recommended dividend of 10% on equity shares.
 
 2010
 
 - PE firm-Granite Hill invest Rs 8 crore in Net 4 India.
 
 - The Board has recommended dividend of 10% on equity shares.
 
 2011
 
 - The trading symbol of the Company be changed from NET4INDIA to
 NET4.
 
 2012
 
 - Winner in Deloitte Technology Fast 50 India 2012 Award.
 
 - Ms. Archna Walia has been appointed as the Company Secretary &
 Compliance Officer of the Company.
Source : Dion Global Solutions Limited
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