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Commex Technology > Company History > Computers - Software Medium & Small > Company History of Commex Technology - BSE: 532342, NSE: N.A
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Commex Technology

BSE: 532342|ISIN: INE354B01029|SECTOR: Computers - Software Medium & Small
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Company History - Commex Technology
Our Company was incorporated on the 24th day of January, 2000, under
 the 
 name 'Global e-Com (India) Private Limited' under The Companies Act,
 1956 
 (1 of 1956). Our Company was converted into a public Limited Company
 with 
 effect from 8th February, 2000 and the name of our Company was
 changed to 
 Global e-Com (India) Limited. Thereafter, on 11th day of April, 2000,
 name of 
 our Company was again changed to 'Balwas e-Com India Limited'. 
 
 In April 2003, Balwas e-Com India Ltd was acquired by IT People
 Private Limited, 
 by way of acquisition of 63,93,100 Equity Shares from the Promoters
 of Balwas 
 e-Com India Limited for a consideration of Rs.2.20 per Equity Share
 and 
 subsequently made an open offer for acquisition from the remaining
 shareholders 
 through a prospectus filed with SEBI. Under new management, name of
 our 
 Company was changed to Starmax Infomedia Limited and a fresh
 certificate of 
 incorporation, consequent to the change of name was granted to our
 Company 
 on October 28, 2003.Thereafter w.e.f. 22nd day of November, 2004,
 name of our 
 Company was again changed to its present name 'IT People (India)
 Limited' 
 
 Our company is in receipt of Certificate of Registration from BSI
 Management 
 Systems (I) (P) Ltd. - New Delhi, for Information Security Management
 System
 - ISO/IEC/ 27001: 2005 issued on 09/07/2007 and expires on
 16/10/2008.
 
 Milestones Achieved by our Company
 
 Year           Milestone
 
 Jan 2000   Incorporation of Global e-Com (India) Private Limited.
 
 Feb 2000   Change of name to Global e-Com (India) Limited
 
 Apr 2000    Change of name to Balwas e-Com India Limited
 
 Apr 2003    Acquisition of Balwas e-Com India Limited by IT People
 Private Limited
 
 Oct 2003   Change of name to Starmax Infomedia Limited
 
 Nov 2004  Change of name to IT PEOPLE (INDIA) LIMITED
 
 Feb 2005   www.itpeopleltd.in Beta site launched in India
 
 Jun 2005   Six Branches all across India operational
 
 Jul 2005     BS7799 Certification
 
 Oct 2005    Tie-up with Dubai Outsource Zone
 
 Dec 2005    IT People.com soft launched in India
 
 Jan 2006     IT People Awards for Excellence instituted
 
 Feb 2006    IT Moves launched, a magazine for IT jobs
 
 Feb 2006    IT People Middle East Portal soft launched
 
 July 2007    ISO/IEC/27001:2005 certification
 
 2006
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2008
 
 - Mr. Suhas Ganpule, is appointed as an Additional Independent
 Director of the Board.
 
 2009
 
 - The Company has successfully completed placement of GDR and the
 Board of Directors at its meeting held on May 25, 2009 approved &
 allotted equity shares of Rs 2 each represented in the said GDR.
 
 2010
 
 - IT People - Receipt of in-principal approval for setting- up
 nationwide multi commodity exchange.
 
 - IT People - IFFCO acquires equity stake in Universal Commodity
 Exchange (UCX).
 
 2011
 
 - IT People - IDBI Bank taken an equity stake in Universal Commodity
 Exchange.
 
 - The Board has recommended the Dividend @ Rs. 0.10 per share.
 
 - The Company has approved the name made available by Registrar of
 Companies for Change of Name of IT People (India) Ltd to Commex
 Technology Ltd.
 
 -Registered Office of the Company has been shifted From 3A, Udyog
 Nagar, S. V. Road, Goregaon (West), Mumbai - 400062 To Exchange
 House, Building No. 8 (105), Sector II, Millennium Business Park,
 Mahape, Navi Mumbai - 400 701.
 
 2012
 
 - The Board has recommended the final dividend at the rate of 6% (Rs.
 0.12 Paisa) per equity share of Rs. 2/-each.
 
 -  Mr. Vineet Kakkad, an Associate member of The Institute of Company
 Secretaries of India has been appointed as Company Secretary &
 Compliance Officer of the Company .
 
 - IT People - Universal Commodity Exchange Ltd gets Consumer Affairs
 Ministrys Approval.
 
 - Commex Technology’s UCX receives recognition from
 government.
 
 -The Company has changed its name from IT People (India) Ltd. to
 Commex Technology Ltd.                                               
      
                                                
 
 2013
 
 -The Registered Office of the Company has been shifted fromfrom 3A,
 Udyog Nagar, S.V. Road, Goregaon West, Mumbai - 400062 to Dev plaza,
 506, 5th Floor, S. V. Road, Andheri West, Mumbai - 400053.
 
 -Commex Technology Ltd has commenced a operations of Universal
 Commodity Exchange Limited.
Source : Dion Global Solutions Limited
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