Maars Software International Ltd.

YEAR                                                      EVENTS
 1995 - The Company was incorporated as a Public Limited Company on
 23rd
        August, with an authorised capital of Rs.9,00,00,000/-.
        Certificate of Commencement of business was obtained on
 18/09/95.
        The Company was promoted by Mr. T. Varadharajan, a computer
        professional, Mr. R. Rajagopalan and their associates.  
 
      - Maars Software International Ltd is an Information Technology
        Company engaged in system integration and turn-key solutions
 for
        manufacturing industries.  Information Technology involves
        activities concerning computer software and hardware
        applications.
 
      - The company is presently involved in developing product
        specifications for medium sized manufacturing industries,
        developing customised application software for domestic
 clients
        in manufacturing sector and gaining expertise in
 implementation
        of Standard Application Software (SAP).
 
      - The company has already installed 10 standalone personal
        Computers with necessary softwares for carrying out its
 present
        activities.
 
      - The Company is proposing to equip its facility with a HP9000
 Mini
        Computer with 50 Nodes and specialised Software for
 Development
        of Customized Applications essential for Manufacturing
 sectors.
        The Company also provides Turn key Solution for Customers for
        their IT requirements starting from concept to
 implementation.
 
      - The Company is proposing to position itself as one of the
 leading
        systems integrators in the area of manufacturing.
 
      - The Company has entered into a Lease Agreement with Smt. N.
        Visalakshi resident of 15, Giri Road, T.Nagar, Chennai.
 
      - The Company has tied up with M/s. Siemens Information Ltd.,
 the 
        Indian representative of SAP.
 
      - The Company proposed to offer specialised training in SAP for
        Customers in addition to Highend training being provided to
        Computer Professionals.
 
      - The Company is the only software organisation in the country
        offering training in SAP R/3 apart from SISL who represent SAP
 in
        India.  Thus MAARS will be the only organisation offering
 such
        training for others in the near future.
 
 1996 - The company has entered into an MOU (Memorandum of
 Understanding)
        with M/s Cooks Systems Inc., at Memphis, TN, USA towards
 joint
        execution of various projects in USA.
 
      - The company has obtained necessary approvals from Reserve Bank
 of
        India and Ministry of Law, Justice and Company Affairs to
 setup a
        Wholly Owned Subsidiary in USA to enhance market reach and
        initial activities have already been commenced.
 
      - The company is also entering into Strategic Business
 Relationship
        with the organisations in Middle East, Singapore, Thailand
 and
        UK.
 
      - The Company issued Public Issue of 17,50,000 No. of Equity
 Shares
        of Rs 10/- each for cash at par aggregating to Rs
 1,75,00,000/-.
 
 1997 - The Company made a major break through in the ERP segment by
        launching its first ERP Product MAARSMAN, a Manufacturing
        Solution for small and medium scale industries.
 
      - The Company has simultaneously entered into a Memorandum of
        Understanding with M/s. Aptech Ltd. for Marketing MAARSMAN at
 the
        National Level.
 
      - Hi-Tech Software Services Inc. the wholly owned subsidiary of
 the
        company has established itself as a growing software
 Consulting
        firm in the United States.
 
 1998 - CHENNAI-based Maars Software International Ltd, a leading
        software development and consulting firm, is expanding its
        overseas operations by setting up wholly-owned subsidiaries
 in
        the United Kingdom, Singapore and Australia.
 
      - The firm is also in the process of entering into tie-ups with
        global players to offer integrated services covering areas
 like
        e-commerce and supply chain management.
 
      - It has a tie-up with Standard Application Product AG, Germany
        through Siemens.  It has also established a SAP centre of
        excellence in the city.
 
      - Maars has also developed a manufacturing solution software -
        Maarsman for small and medium-scale industries.  It covers
 the
        entire spectrum of manufacturing activities.  It has a tie-up
        with Aptech for nationwide marketing.
 
      - Maars Software is engaged in system integration and turn-key
        solutions for manufacturing industries.  The company is at
        present involved in developing product specifications for
        medium-sized manufacturing industries, developing customised
        application software for domestic clients in manufacturing
        sector and SAP implementation.
 
 1999 - The Chennai-based Maars Software International Ltd has
 privately
        placed 20 lakh shares to institutional investors at around Rs
 250
        per share.
 
      - Maars Software International Ltd is setting up a software
        technology centre at Padur near here for enterprise resource
        planning (ERP) and euro currency related projects.
 
      - The company had recently set up an electronic commerce
 training
        center.  Similar centers would be started in Bangalore and
 Baroda
        within a week.
 
      - The company allotted 20.80 lakh shares through preferential
        process at a price of Rs 268 per share aggregating Rs 55.76
        crore.
 
      - MAARS tied up with IBM as their First e-business ATP.
 
      - MAARS initially established a subsidiary at Charlotte, US,
 and
        has subsequently set up branch offices at Chicago, the US and
        Singapore.  During the year it is setting up one more office
 at
        Atlanta, the US, London, the UK and Sydney, Australia.
 
      - The firm has entered into an agreement with CCG GmbH of
 Germany
        for implementing and supporting SAP projects in Europe. 
 Maars
        has commenced operations in the area of e-business as IBM ATP
        and has set up centres in Chennai, Bangalore, Baroda,
 Vijayawada
        and Coimbatore.
 
 2000 - Maars has signed up with Pratt & Whitney and KPMG, UK for
 ongoing
             implementation support and has taken up projects with
 them.
             MAARS has become solution partner for Oracle in the
 Middle East
             and has bagged three orders for implementation of Oracle
             Financials and Manufacturing in Jordon and Dubai.
 
          - The Company has launched its new product Esteem Payroll in
 the UK
             market under Systematic brand name.
 
           - The Company has signed an agreement with Oracle
 Corporation in
              West Asia as CSP.
 
           - The Company has launched Maarsman Compact, a plug-in-play
 ERP
              product for small industries.
 
           - The Company has entry into telecom segment, with an
 offering of `Auantum: 
             Settlement' - an interconnection settlements management
 system for national 
             and international calls that provides for fast, flexible
 and accurate billing, 
             verification and settlements.
 
          - The Chennai-based Maars Software International Ltd has
 been awarded the
            Visvesvaraya Industrial Award by the Industrial Research
 and Development 
            Trust of All India manufacturers' Organisation.
 
 2001 - The Company has formed a joint venture with AlYusuf Group of
 Muscat to tap the
              Middle-East and North African markets for financial and
 insurance software services.
 
           - Two Chennai-based software companies, Maars Software
 International Ltd. and
              Mascon Global Ltd., are to merge. effective from January
 1.
 
 2002- Maars Software International Ltd has informed that Mr N R
 Kumar, Director of the company has resigned citing personal reasons
 from the Board of Directors of the company.
 
 2003-Maars Software International Ltd has informed that Mr T V
 Subramanian, Director of the company has resigned from the Board of
 Directors of the Company
 
 -Maars Software International Ltd. has informed that Mr G
 Muralidharan and Mr. P Anand has been appointed as Additional
 Directors of the Company.
 
 -Maars Software International - Outcome of Board Meeting
               1) Approved the issue of maximum of 50,00,000 equity
 shares under preferential allotment to various corporate bodies. 
               2) Approved the issue of equity shares for an
 equivalent amount of Rs.15,00,00,000/- (max. of) under preferential
 allotment to corporate bodies. 
                3) Approved the issue of equity shares to an
 equivalent amount of Rs.1,00,00,000/- (max. of ) under the
 preferential allotment to corporate bodies. 
               4) Approved the Issue of GDR for an amount not
 exceeding US $25 million. 
                5) Approved to enable the company to use the Share
 Premium account for adjustment of diminution in value of investment
 and receivable subject to necessay approvals if any required.
 
 2009
 - Maars Software International Ltd has informed that the Board of
 Directors of the Company at its meeting held on May 05, 2009, inter
 alia, has appointed Mr. Harshvardhan Singh Rathore as the Director of
 the Company.
 --Registered Office of the Company has been shifted from Second
 Floor, East Chambers, 92, G.N. Chetty Road, T. Nagar. Chennai-600 017
 to Second Floor Real Enclave No. 22, Joshier Street, Nungambakkan,
 Chennai-600 034.