SENSEX NIFTY
Zenith Computers > Company History > Computers - Hardware > Company History of Zenith Computers - BSE: 517164, NSE: ZENITHCOMP
YOU ARE HERE > MONEYCONTROL > MARKETS > COMPUTERS - HARDWARE > COMPANY BACKGROUND - Zenith Computers
Zenith Computers
BSE: 517164|NSE: ZENITHCOMP|ISIN: INE598B01013|SECTOR: Computers - Hardware
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Sep 22, 15:40
6.91
-0.36 (-4.95%)
VOLUME 5,097
LIVE
NSE
Sep 22, 15:31
6.70
-0.35 (-4.96%)
VOLUME 12,062
Company History - Zenith Computers
YEAR                                                      EVENTS
 1980 - The Company was Incorporated on 20th May, at Mumbai.  The
 Company
               was promoted by Rajkumar Saraf and his associates.
 
            - The Company's object is to manufacture computers and
 micro
              processors based systems and peripherals.
 
 1984 - The Company introduced high performance MS-DOS machines under
 the
              name of PROFESSIONAL.
 
 1985 - The Company introduced for the first time a UNIX operations
              system based on Motorola - 68000 processor.  
 
 1987 - LAN (Local Area Network) System was introduced by the
 Company.
 
            - Out of the 2,80,000 shares issued till date, 80,000
 shares
              issued as bonus shares.
 
 1988 - 9,50,000 shares issued (prem. Rs.7 per share) of which 
 
            - (i) 1,77,000 shares reserved and allotted to promoters,
 directors
               etc.;
 
            - (ii) 45,000 shares reserved for preferential allotment
 to 
              employees, etc. (only 4,300 shares taken up) and
 
            - (iii) 3,80,000 shares reserved for preferential
 allotment to NRIs
              on repatriation basis (only 1,51,900 shares taken up). 
 The
              balance of 3,48,000 shares, along with 2,68,800 shares
 not taken
              up under preferential quota were offered to the public
 in July.
              Additional 1,15,950 shares allotted to the public to
 retain
             oversubscription.
 
 1990 - With effect from 1st September, Telelinks Ltd., a subsidiary
 of
              the Company was merged with the Company.  As per the
 terms of the
              scheme of amalgamation, shareholders of Telelink Ltd.
 were 
              offered 87 No. of equity shares of Rs.10 each of the
 Company for
              every 87 No. of equity shares held in Telelink, Ltd.
 
           - During February, the Company offered 2,48,370 - 14%
 secured fully
             debentures of Rs.100 each on `Rights basis' in the prop.
 8 debs:
             100 No. of equity shares (only 1,64,517 debentures were
 taken up
             and the remaining 83,853 debentures devolved on
 underwriters).
 
           - Simultaneously, another 12,420 - 14% fully convertible
 debentures
              were issued to employees (including Indian working
              directors)/workers of the Company on an equitable basis.
  None
              were taken up and all the debentures were allotted to
 mutual
              funds of nationalised banks.
 
           - Rs.30 of the face value of each debenture was
 automatically and
             compulsorily converted into one equity share of Rs.10
 each at a 
             prem. of Rs.20 per share on the expiry of 6 months from
 the date
             of allotment of debentures.  Accordingly 2,60,790 No. of
 equity
             shares were allotted on 16th November.
 
           - The remaining Rs.70 of the face value of each debenture
 was
              automatically and compulsorily converted into on equity
 share of
              Rs.10 each at a prem. to be decided by the CCI at the
 end of 24
              months from the date of allotment of debentures.  The
 premium for
              this conversion was fixed by CCI as Rs.30 per share and
 
             accordingly 4,56,382 No. of equity shares were allotted
 in July
             1992 at Rs.40 per share in second conversion of
 debentures ie.,
             Rs.70 per debenture was converted into 1.75 equity
 shares.
 
 1991 - New products, viz. notebook computer, print-n-plot server,
 job
             server, compute server, zenith transaction tracking
 system, were
             launched in the market.
 
          - The Company embarked upon a diversification scheme
 involving
            setting up of facilities for the manufacture of high
 growth
            products such as colour graphic terminals/systems CAD/CAM
 system
            etc.
 
         - The Company proposed to set up a 100% export oriented unit
 at 
            Vashi, New Mumbai.
 
          - 200 No. of equity shares forfeited in 1989-90 reissued.
 
 1992 - The Company issued 13,63,273 No. of equity shares of Rs.10
 each
             at a prem. of Rs.35 per share on rights basis in the
 prop. of
             3:5.  Only 13,20,616 shares were taken up.  The balance
 42,657 
             shares were allotted privately.
 
           - Another 2,84,638 No. of equity shares of Rs.10 each at a
 prem. of
             Rs.35 per share were reserved and associates of
 promoters.
 
           - Simultaneously with rights issue the Company issued
 39,07,644
             No. of equity shares of Rs.10 each at a prem. of Rs.35
 per share
             through prospecuts as follows:
 
           - (i) 20,00,000 shares to NRIs (all were taken up);
 
           - (ii) 6,66,666 shares to UTI on firm basis (all were taken
 up);
 
           - (iii) 1,55,555 shares to employees (only 7,000 shares
 taken up);
 
           - (iv) 3,90,764 shares to Mutual Funds (none were taken
 up).
 
           - The remaining 6,94,659 shares, along with 5,39,319 shares
 not 
              taken by employees and Mutual Funds, were offered to the
 public.
              (all were taken up).
 
 1993 - The Company entered into an agreement with Tricord Systems of
 USA
              who are manufacturers of high end screners.
 
 2000 
 
 -SGI India entered into a strategic tie-up with Zenith Computers for
 sales and Support of the former's IA-32 based workstations and
 servers throughtout the country.
 
 -Cymbionic Marketing Ltd. a prominent name in Multi-level marketing
 has tied up with the company for boosting its marketing and
 distribution strength.
 
 -The Company has launched gaming personal computers in association
 with Singapore's Creative Technology Ltd in an effort to capture the
 growing home entertainment and Internet market.
 
 -Zenith Computers unveils 'Infotainer'
 
 -Zenith launches high-end gaming PC
 
 2002
 
 -Zenith Computers Ltd has installed a fully equipped manufacturing
 unit in the Cochin Special Economic Zone (CSEZ) for manufacture of
 PCs, which starts its operation from March 1. Zenith has set 2,000
 PCs per month as its manufacturing target.
 
 2004
 
 -Zenith Computers has selected Western Digital Corp. As a supplier of
 hard drives for its PCs. Zenith is integrating Western Digital's WE
 Protege, WD Caviar and WD Caviar SE- with both serial AA and EIDE
 interfaces-hard drives into its mainstream desktop PC Systems.
 
 -Zenith Computers launched, along with chip major Intel, a multimedia
 PC for students
 
 2005
 
 -The company has recommended a dividend @ 10% 
 
 2008
 
 -The company has designated E-mail ID for Investors Complaints:
  investorrelations@zenith-india.com
 
 2011
 
 -The company has recommended a Dividend of Rs. 0.90 per Share (9%)
Source : Dion Global Solutions Limited
Quick Links for Zenith Computers
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.