Zensar Technologies

1963 
 
 - The Company was Incorporated on 29th March, at Mumbai.  The
 Company
 manufacture and dealing in all kinds of computers, tabulators,
 accounting and calculating machines and other machines and punch
 cards.
 
 - Issued 5,000 shares against supply of know-how and 25,000 shares
 for
 cash to International Computers & Tabulators, Ltd., London.  10,000
 shares to directors, etc., and 10,000 shares to the public.  All
 shares
 issued at par.
 
 1977 
 
 - The Company received a letter of intent for the manufacture of
 2904
 computer systems.
 
 1978
 
 - During September, shares subdivided.  2,50,000 shares offered at
 part
 as rights to resident Indian shareholders as on 26.9.1978 in prop.
 5:4,
 fraction being ignored.
 
 1979 
 
 - 17,50,000 shares issued at par.  7,00,000 shares without payment
 in
 cash to ICL, U.K.: 23,850 shares to Indian directors and employees;
 3,75,000 shares to financial institutions and 6,51,150 shares to the
 public during August.
 
 1981 
 
 - Industrial licence was received for the manufacture of mini
 computer/micro processor based systems of the annual capacity of Rs
 2
 crores in the Company's existing industrial undertaking at Pune.
 
 - The Company obtained a letter of intent to increase the present
 licensed capacity for the manufacture of line printers from 100 nos.
 per annum.  This was converted into an industrial licence during
 1982-83.
 
 1986 
 
 - ICIM Quattro Super Micro Computer was introduced.
 
 - The Company entered into a technical collaboration agreement with
 Centronics Data Computer Corporation (now known as Genicom Inc.),
 U.S.A., with 70% of indeginisation in the very first year of
 manufacture, for manufacture in India on OEM basis, their line
 printers
 known as Linewriters.
 
 - The Company acquired the entire share capital of 44,000 No. of
 equity
 shares of Rs 100 each of International Computers (India) Ltd., from
 International Computers Ltd., London whereupon International
 Computers
 (India) Ltd., became a wholly owned subsidiary of the Company.
 
 - The Company issued by private placement 1,50,000 - 15%
 non-convertible debentures of Rs 100 each to financial institutions.
 These debentures are redeemable in instalments at a premium of 5% at
 the end of 7 years from the date of allotment starting from 3rd
 June,
 1993.
 
 - During December 1986 - January 1987, the Company offered to its
 resident Indian equity shareholders as rights 2,39,652-15%
 convertible
 debentures of Rs 152 each for Rs 3,64,27,104 in the proportion 4
 debentures for every 25 No. of equity shares held (fractions
 ignored).
 Permission was also obtained to retain 25% of the issue in case of
 oversubscription.  Only 2,01,097 debentures was taken up. 
 Applications
 were also invited from public and private parties and 42,978
 debentures
 were allotted to this category.
 
 - 11,980-10% convertible debentures of Rs 152 each for Rs 18,20,960
 were offered to employees (including Indian working
 directors)/workers
 of the Company on equitable basis.  Only 1,572 debentures only taken
 up.  The remaining 10,408 debentures were allowed to lapse.
 
 - Rs 52 out of the face value of each debenture was to be
 compulsorily
 converted into 4 equity shares of Rs 10 each at a premium of Rs 3
 per
 share at the end of 6 months from the date of allotment.  The
 remaining
 non-convertible portion of Rs 100 out of the face value of each
 debenture was to redeemed in full at par on the expiry of 7 years
 from
 the date of allotment of debentures.  The conversion of debentures
 took
 place on 15th October, 1987.
 
 - No convertible debenture was to be issued to International
 Computers
 Ltd., U.K., which held 40% of the Company's equity share capital. 
 The
 company allotted 6,55,058 No. of equity shares of Rs 10 each at a
 premium of Rs 3 per share for cash to International Computers Ltd.,
 U.K.
 
 - 9,82,588 shares issued in conversion of debentures (Prem. Rs 3 per
 shares).  6,55,058 shares allotted to ICL, U.K. (prem. Rs 3 per
 share).
 
 1987 
 
 - During January, DRS - 300 a state-of-the-Company introduced main
 frame Series-39 computers based on 5th generation VLS technology
 incorporating VMC operating schemes.
 
 1988 
 
 - Macro Software Pvt. Ltd., became a subsidiary of the Company.
 
 1989 
 
 - The Company introduced the PC range.  The company entered into the
 prime UNIX PC market during the year.
 
 - The Company introduced Krypton series of machines based on
 Motorola
 68030, in association with Integrated Micro Products, Ltd., U.K.
 
 - The Company offered during February, 3,47,562-12.5% secured fully
 convertible debentures of Rs 170 each for an aggregate value of Rs
 590.86 lakhs.  Out of the total issue, 3,31,012 debentures were
 offered
 to the equity shareholders of the Company on rights basis in the
 proportion of 2 debentures for every 25 equity shares held and the
 balance of 16,550 debentures were offered to the employees
 (including
 working directors)/workers of the Company.
 
 - Out of the rights portion, 2,60,097 debentures were taken up by
 the
 shareholders and the balance of 70,915 debentures were issued and
 allotted by directors to other persons.  Out of employees' quota,
 only
 80 debentures were taken up and the unsubscribed portion of the
 employees' quota was allowed to lapse.
 
 - Pursuant to the term of issue of the debentures, a portion of Rs
 85
 of each debenture was converted into 5 fully paid-up equity share of
 Rs
 10 each at a premium of Rs 7 per shares with effect from 7th October
 1989.
 
 - The balance of Rs 85 of each debenture was converted into 8.5
 equity
 shares of Rs 10 each for cash at par on 23.11.1990.  Accordingly
 28,14,282 shares were allotted.
 
 - 16,55,460 No. of equity shares issued in conversion of debentures
 (prem. Rs 7 per share) as on 7.10.1989.
 
 1992 
 
 - The Company entered into the reprographics business of photocopies
 and fax machines which received good market response.
 
 - The Company offered 2,16,925-12.5% secured partly convertible
 debentures of Rs 275 each.  Out of the total issue, 2,06,595
 debentures
 were offered to the shareholders of the Company on rights basis in
 proportion 1 debenture for every 25 equity shares held (all were
 taken
 up) and the balance 10,330 debentures were offered and issued to the
 employees on an equitable basis.  (Only 110 debentures were taken
 up).
 
 - Another 2,75,607 No. of Equity shares were allotted to ICL U.K. 
 to
 maintain their holdings of 40%.
 
 - Part `A' is the convertible portion of Rs 100 of the face value of
 the debentures.  Rs 20 out of Rs 100 will be converted into two
 equity
 shares of Rs 10 each within six months from the date of allotment.
 (Accordingly 4,13,410 shares were allotted).  Balance of Rs 80 per
 debenture was to be converted into five equity shares of Rs 10 at a
 premium of Rs 6 per shares.  However, the conversion was optional.
 Those who opted out of conversion their debenture portion was to be
 redeemed.  Accordingly 10,01,920 shares were allotted on 19th
 October,
 1994.
 
 - Part `B' Non-convertible portion of Rs 175 was to be redeemed at
 part
 on the expiry of 10 years from the date of allotment.
 
 - Another 90,200 and 6,30,423 shares were allotted to ICL U.K. Ltd. 
 to
 maintain their holdings of 40%.
 
 1993 
 
 - The Company launched the ICL range of Ergolite PCs and new desktop
 range of DRS 6000s.
 
 - The Company entered into a technical collaboration agreement with
 Fijitsu, Japan for manufacture of heavy duty, high speed line
 printers
 in India.
 
 - The Company had set up a joint venture in the name of RPG Ricoh
 Ltd.
 With equity participation from RICOH Japan and ICIM to give
 prominence
 to the reprographics business of photocopiers and fax machines.
 
 - During November-December, 46,48,203, No. of Equity shares offered
 to
 the existing shareholders in proportion of 1.2 at a premium of Rs 6
 per
 shares.  (All were taken up).
 
 - 2,32,412 shares at a prem. of Rs 6 were offered to the employees.
 (Only 18,800 shares were taken up).
 
 - Another 12,533 shares (prem. Rs 6) were allotted to ICL U.K. Ltd. 
 to
 maintain their holdings of 40%.
 
 - 46,79,536 No. of equity shares (prem. Rs 6) issued to
 shareholders.
 
 1994 
 
 - The Company had set up a joint venture company in name of Fujitsu
 ICIM Software Technologies with 30% equity participation and 70% by
 `Fujitsu' in Sydney (Australia) in order to market and support
 software
 and services for FUJITSU International Group Companies.
 
 - The Name of the Company was changed to Fujitsu ICIM Limited with
 effect from 16th July.
 
 - 17,22,543 shares allotted on conversion of Part `B' of 12.5%
 debentures.  17,44,276 shares allotted to foreing collaborator at a
 premium of Rs 19 per share.  2,00,000 pref. shares issued during the
 year.
 
 1995 
 
 - With a view to improve overall working the company proposed to
 introduce Fujitsu range of products, and undertake a variety of new
 business opportunities including multi vendor maintenance,
 facilities
 management and diagnostic and help desk support.
 
 - The Company planned to improve its main product line and introduce
 a
 new product line of communication and distributed network system
 through high speed Open System LAN (Local Area Networking
 Technology)
 which was to complement the PC and 101.
 
 - The Company proposed to restructure and reorganise the company and
 its operations.  It was also proposed, subject to necessary
 approvals
 being obtained to transfer the company's software business to
 International Computers (India) Ltd., a wholly owned subsidiary.
 
 1997 
 
 - The Company successfully placed 25.1% of its equity holding in
 ICIL
 with JF Electric (Mauritius) Ltd.
 
 - Jardine Fleming is understood to be conducted the due diligence
 for
 picking up a 25 per cent stake in Fujitsu ICIM's 100 per cent
 software
 subsidiary, International Computers India Ltd.  (ICIL).
 
 1998 
 
 - Fujitsu ICIM Ltd. has been removed from the rating watch by
 Crisil.
 The rating factors in the spin-off of the company's software
 business
 to a subsidiary company and dilution of equity stake.
 
 1999 
 
 - Fujitsu also has plans to set up a 100 per cent subsidiary in
 India
 in the coming days.
 
 - RPG group and Fujitsu are in agreement for sale of the SES
 division
 to Accel.
 
 2001 
 
 - The Company has approved the merger of Zensar Technologies Ltd
 with
 the company.  One equity share of the company will be allotted for
 every one share of ZTL held.
 
 2002
 
 -Ties up with Cisco,Australian and Fujitsu, Japanese company for
 setting up offshore development centres at its Pune facility .
 
 -Mr T J Gibson, resigns from the Directorship and Vice-Chairmanship
 of the company.
 
 -Appoints Mr Tim Escudier as the Director and Vice Chairman of the
 company.
 
 -Partners with a US based technology consulting firm to offer
 high-quality, cost competitive offshore outsourcing platforms for
 financial institutions in global markets.
 
 2003
 
 -Signs a 50:50 Joint venture with Asia Logistics Technologies.
 
 -Mr. R A Chamberlain, Director has resigned with effect from November
 20, 2003.
 
 2004
 
 -Zensar Technologies ties up with 6 overseas cos
 
 -Zensar Technologies Limited has informed that they have received
 intimation from Blue Niles Holdings Limited in respect of their
 purchase of 11,95,600 equity shares aggregating to 5.13% of the
 issued capital of Zensar Technologies Limited.
 
 -Zensar inks pact with PeopleSoft`
 
 - Forms joint venture with a Chinese software firm in Shenzhen
 
 - Ties up with the risk management subsidiary of  billion KeyBank,
 Capital & Risk Consulting (CRC) Group to offer comprehensive solution
 for Basel II implementation services
 
 2005
 
 -Zensar Technologies signs SPA for acquiring equity share capital of
 OBT Global
 
 -Zensar Technologies has acquired a US company, OBT Global