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GSS Infotech

BSE: 532951|NSE: GSS|ISIN: INE871H01011|SECTOR: Computers - Software Medium & Small
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Company History - GSS Infotech
GSS America Infotech Limited was incorporated as Mayes Technologies
 Private Limited on
 October 13, 2003 under the Companies Act, 1956 with its registered
 office in Plot No. 189, Road
 No.72, Prashasan Nagar, Jubilee Hills, Hyderabad - 500 033, Andhra
 Pradesh. On acquisition of majority stake in the US based software
 company, on June 15, 2006 our company has opted to change its name to
 GSS America Infotech Private Limited to sync in line with the Brand
 in the US Market. Subsequently, our Company was converted into Public
 Limited Company, the Certificate for conversion from Private Limited
 Company to Public Limited Company was issued by the Registrar of
 Companies on July 7, 2006. 
 
 We started our business in October, 2003 with outsourcing contracts
 for Business development
 Services and Back Office work from US based clients. Our Company has,
 over the years, evolved into an IT outsourcing service provider with a
 number of services that meet most of its clients outsourcing needs.
 GSS America is now a global provider of customized solutions and
 software services to clients in USA. It was promoted in 2003 by Mr.
 Bhargav Marepally and Mr. Ramesh Yerramsetti. We provide software
 solutions across a host of technologies and platforms.
 
 Major events in the history of our Company are given below:
 
 Year     Major event
 
 2003 
 
 -Company was founded with offshore Business development contract from
 GSS America Inc.,
 
 2005 
 
 -Achieved Revenues of Rs. 596 lacs
 
 -Declared a dividend of 3000% in the second year
 
 2006   
 
 -Acquired 60% stake in the US based company and made it a subsidiary
 
 -Made Bonus issue of 499:1
 
 -Achieved consolidated revenues of in excess of Rs. 6300 lacs
 
 -Achieved a Profit of over Rs.1100 lacs
    
 -Bonus Issue of 4:10
 
 -Declared a dividend of 10%
 
 -Acquired US based consulting company Infospectrum Consulting Inc.,
 with Projected Revenues of US Million for the current year through
 the US Subsidiary GSS America Inc.,
 
 -Acquired the balance 40% Stake in the US subsidiary GSS America Inc.
 by outright purchase and made it as 100% subsidiary of our company and
 in turn Infospectrum Consultancy Inc., as 100% subsidiary as well.
 
 2007 
 
 -Expanded geographically by opening up new branch offices in US and
 Dubai.
 
 -Stock Purchase Agreement to acquire System Dynamix Corporation,
 through our wholly owned subsidiary GSS America Inc, effective
 January 01, 2008.
 
 -Received CMMI Level 3 certification
 
 -Declared a dividend of 15%
 
 2008
 
 -GSS America Infotech Ltd gets its shares listed in the stock
 exchange n the list of 'B' Group Securities. 
 
 2009
 
 -GSS America has recommended a dividend of 15%
 
 2010
 
 -GSS America is acquiring US  Million revenues companies in United
 States, (US) to expand its portfolio of offering to its clients. 
 
 -GSS America Recommended a dividend of Rs. 1.50/-
 
 2011
 
 -Company has changed its name from GSS America Infotech Ltd. to GSS
 Infotech Ltd.                                                        
  
                                                  
 -Registered Office of the Company has been shifted from GSS Infotech
 Ltd., Wing-2, Block-B, Cyber gateway, Madhapur, Hyderabad - 500081To 
 unit no.5-01, level 5, Block-2, cyber pearl, Madhapur,
 Hyderabad-500081.
 
 -DULSCO sign up with GSS Infotech for internal portal development
 
 -GSS Infotech achieves Symantec End Point Management Master
 Specialization
 
 -GSS Infotech launches e-Govt procurement System Portal 
 
 2012
 
 -GSS Infotech recognized as top technology integrator in North
 Ameriica
 
 -A century old Architect firm based out of US choose GSS for
 Documents Version Project
 
 2013
 -GSS Infotech appointed Mr. Javed Faizullah Tapia as an Additional
 Director on the Board.
 
 2014
 -GSS Infotech has been changed Registered Office to Level 3 and 4,
 Brigade Towers, Plot no 30 and 31Financial District, Nanakramguda,
 Gachibowli, Hyderabad, Ranga Reddy - 500 032, Telangana.The contact
 details of new Registered Office are as below: Contact Person: Mr.
 Sai Krishna Narla Tel. No.:+91 40 44556600 Fax No.:+91 40 40028703
 Email ID: saikrishna.narla@gssinfotech.com
 
 
 
 
 
Source : Dion Global Solutions Limited
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