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Rolta India

BSE: 500366|NSE: ROLTA|ISIN: INE293A01013|SECTOR: Computers - Software
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Company History - Rolta India
1989
 
 - The Company was incorporated on 27th, June, at Mumbai, and
 obtained
 the Certificate of Commencement of Business on 5th July.  Rolta
 India
 Limited (ROLTA) has been promoted by Shri K.K. Singh a technocrat
 and
 businessman who has over two decades of experience in business.  The
 Company is engaged in Distribution of CAD/CAM systems, manufacture
 of
 engineering workstations and net work servers, and export of
 software
 package.
 
 - The company's activities include software exports to USA, Europe
 and
 Australia, hardware maintenance and software support to large
 installed
 base of intergraph systems in India and data processing centre
 specialising in inter branch reconciliation operations of banks.
 
 - The existing group of companies viz. Rolta Computer & Industries
 Pvt.
 Ltd., Rolta Leasing & Holdings Ltd., Rolta Investments Ltd.  and
 Rolta
 Consultancy Services Pvt. Ltd. were amalgamated with Rolta India
 Limited on 26th October.
     
 - The Company entered into an agreement with Intergraph Corporation,
 USA, for the supply of technology for the manufacture of engineering
 work stations and net work servers.
 
 - The Company undertook a project to manufacture engineering
 workstations and net work servers at TTC industrial area in New
 Mumbai.
 
 - The Company set up a network of sales/marketing and support
 offices
 at 23 different locations in India.  A full-fledged marketing office
 was also opened in Washington D.C., USA.
 
 - The Company also launched a local vendor development programme to
 work with the local suppliers to help improve quality, productivity,
 tooling methods and product flexibility as necessary.
 
 - The Rolta Group companies, namely, Rolta Investments Pvt. Ltd.,
 Rolta
 Leasings and Holdings Ltd., Rolta Computers and Industries, Pvt.
 Ltd.,
 and Rolta Consultancy Services Pvt. Ltd., were merged with the
 Company
 with effect from 1st August.
 
 - The Company issued for every one equity share of each of the
 erstwhile four companies, 2 equity shares to RIPL, 2 equity share to
 RLHL, 30 equity shares to RCIL and 1 equity shares to RCSPL.
 Accordingly 1,55,37,662 No. of equity shares of Rs 10 each were
 allotted as fully paid-up without payment in cash to the
 shareholders
 of RIPL, RLHL, RCIL and RCSPL.
 
 1990
 
 - Two new entry-level workstations, namely Rolta Station 386/486,
 were
 added to the existing range of products.
 
 - The Company issued 15,00,000-14% secured fully convertible
 debentures
 of Rs 100 each for cash of which 4,50,000 debentures were reserved
 for
 preferential allotment as follows:
 
 - (i) 1,50,000 debentures to Mutual Funds;
 
 - (ii) 75,000 debentures to employees of the Company, and
 
 - (iii) 2,25,000 debentures to NRIs with repatriation rights.  The
 remaining 10,50,000 debentures were offered for public subscription.
 Additional 2,25,000 debentures allotted to retain oversubscription
 (11,550 debentures to NRIs, 425 debentures to employees and 2,13,025
 debentures to public).
 
 - As per the term of issue, part-A of Rs 60 of each debenture was
 converted into six equity shares of Rs 10 each at par on the date of
 allotment of debentures, i.e., 22nd October.
 
 - Part-B of Rs 40 of each debenture will be converted into equity
 shares at a price to be deermined by CCI on the expiry of 30 months
 from the date of allotment of debentures.  Accordingly 27,74,950 No.
 of
 equity shares allotted on conversion of debentures at a premium of
 Rs
 30 per share.
 
 - During August, the Company offered out of their holding for sale
 57,50,000 No. of equity shares of Rs 10 each for cash at par as
 follows:
 
 - (i) 2,87,500 shares to employees/workers of the Company;
 
 - (ii) 7,50,000 shares to NRIs on repatriation basis; and
 
 - (iii) 47,12,500 shares to public.  All the shares were taken up
 entirely in each category.
 
 1991
 
 - Two new systems for business applications in the form of Rolta
 station 386B/486B were introduced.  The Company also launched two
 new
 workstations, namely Rolta station 7400 and 6400.  A modern and upto
 date Data conversion centre was established at Andheri, Mumbai.  A
 direct satellite communication link was also established between the
 Mumbai facility and U.S. subsidiary's facility at Alabama.
 
 - The Company incorporated in USA a wholly owned subsidiary in the
 name
 of `Rolta International Inc' with a capital outlay of US  million
 for
 providing engineering software and services to its overseas
 customers
 and collaborators.
 
 1992
 
 - During October the Company issued 77,66,336 No. of equity shares
 of
 Rs 10 each at a premium of Rs 20 per share on rights basis in the
 proportion of 3:10.  All were taken up.
 
 1993
 
 - A new Office Automation division was started to market full range
 of
 Intel based Computer system with suitable application packages for
 business and commercial applications.
 
 - A prestigious global order was received for AM/FML utilities
 Management/CAD conversion project in Saudi Arabia.
 
 - During the year, the Company introduced technical desk top series
 of
 power stations with Intel Pentium processor.  The Company introduced
 an
 integrated modular transaction based on true on-line banking
 software
 called `Robust', working under the latest operating system from
 Microsoft viz. Windows NT.  A distribution agreement was entered
 into
 with QMS, USA, for introduction of heavy duty laser printer raning
 from
 10 PPM to 38 PPM print speeds and handling a range of paper sizes
 from
 B5 to A3.
 
 - The Company had negotiated a strategic tie up with Dell Computer
 Corporation for distribution and support of its products in India
 including High & Dual QUAD Pentium Processor Servers, Webservers,
 Opliplex range of desk tops etc.
 
 - The Company undertook to set up a joint venture in Saudi Arabia to
 cater to the vast markets in the Middle East.
 
 - The Company issued 84,56,350 No. of equity shares at a premium of
 private placement basis with FIIS and others aggregating Rs 26.40
 crores.
 
 1994
 
 - The Company also issued and allotted 25,00,000 zero interest
 secured
 fully convertible debentures of Rs 15 each on private placement
 basis.
 These were converted into 25,00,000 No. of equity shares of Rs 10
 each
 at a premium of Rs 5 per share within 18 months from the date of
 allotment of debentures i.e. 1.7.94.  Accordingly 25,00,000 shares
 allotted.
 
 1995
 
 - The Company entered into a collaboration agreement with M/s.
 Intergraph Corporation, USA, for ongoing transfer of technology
 thereby
 giving the benefit of Research and Development Investment of
 Intergraph
 and also covers all new products launched by Intergraph.
 
 1996
 
 - The Company focussed its attention on 3D plant modelling and
 conversion services for plant design photogrammetry, as-built
 visualization, etc.  The Company undertook to augment the
 State-of-the-art production facilities in Mumbai for executing
 export
 orders.
 
 1997
 
 - 50,00,000 No. of equity shares allotted or exercise of warrants.
 
 - The company has set up a wholly owned subsidiary, Rolta
 International
 Inc. with headquarters in the USA and a subsidiary in Saudi Arabia.
 
 - Rolta India had signed a strategic tie up with one of the Fortune
 500
 list of most admired companies, DELL Computer Corporation.
 
 - The company is an ISO 9001 certified company.
 
 - Rolta, is the number one company dedicated to CAD/CAM/GIS
 Interactive
 Graphics.  It is also a leading global supplier of AM/FM and CAD/CAM
 services.  It was ranked amongst the top 20 computer system vendors
 in
 India by the well known Computer's Today Magazine.
 
 1998
 
 - RIL has formed a subsidiary in Amsterdam to exploit European
 markets.
 
 - RIL has a collaboration with Inter graph Corp Inc, a company which
 has 90 per cent share in the global business of CAD/CAM.
 
 - The company has entered into mapping and data conversion in a big
 way
 for the export markets.
 
 - Rolta India has also taken up an expansion project to provide
 2D/3D
 plant modelling and conversion of P&ID into intelligent database for
 plant maintenance worldwide.
 
 - Rolta has set up three subsidiaries outside India -- Rolta
 International Incorporated in the US, Rolta Europe in the
 Netherlands
 and Rolta Saudi Arabia.
 
 1999
 
 - The company has also set up a 10-member team initially to provide
 the
 services.
 
 - Rolta, on its part, has set up engineering and software centres in
 Mumbai to support projects.
 
 - The company has collaborated with ALLTE, a US-based telecom
 company,
 to convert telephone exchange records into Unix/Oracle database.
 
 - Rolta India will launch its Internet services, RoltaNet in August.
 
 - Rolta India and Parametric Technology Corporation (PTC) have
 entered
 into a strategic alliance to promote advanced solutions in
 mechanical
 design automation (MDA) in the country.
 
 2000
 
 - Reclassification of the present authorised capital of the company
 by
 converting the preference capital of Rs. 10,00,00,000/- into equity
 shares.
 
 - The company Issue equity shares on preferential basis by way of
 ADR/GDR/Private placement to FIs/FIIs/ Bodies Corporate/other
 Investors.
 
 - The Company is set to roll out its `Rolta-Pass 4-in-1' Internet
 package at Rs 996 for 400 hours that can be shared by four
 individuals
 from different locations.
 
 - IBM India Ltd has entered in a strategic alliance with Rolta India
 Ltd. to pursue the e-business market in India, to provide customised
 e-business solutions to domestic customers.
 
 2002
 
 -Rolta is ranked amongst  Forbes Global's 200 best companies in 2002
 and it
 retains its position as in premier league.
 
 -Rolta India Ltd launches its operation in UK, through a wholly owned
 subsidiary
 Rolta UK Ltd.
 
 -Rolta Ltd offers Rolta Tel plus - an easy to use scheme whereby
 users can make 
 international calls from their regular telephone instrument.
 
 -Rolta India informs that it is in first 250 list of the Deloitte
 Touche Tomatsu Asia-pacific
 Technology Fast 500.
 
 2003
 
 -Rolta launches new dial-up internet packages with a range of
 features and options.
 
 -Rolta India Ltd signs the memorandum of Understanding with
 Department of Science
 and Technology to jointly showcase the contribution made by the
 Indian mapping community.
 
 -Rolta India Ltd has featured amongst the 200 best companies, making
 it for third time in a row.
 
 -Stone & Webster Engineering Projects Private Limited, (Stone &
 Webster), and Rolta have entered into a memorandum of understanding
 for a strategic business alliance pursuant to which Stone & Webster
 and Rolta Limited are to form a joint venture company in India.
 
 - Delists shares from three Stock Exchanges:
    a) The Stock Exchange, Ahmedabad 
    b) Bangalore Stock Exchange Ltd 
    c) The Delhi Stock Exchange Association Ltd
 
 -Shaw Group Inc's affiliate Stone & Webster Inc (Stone & Webster) and
 Rolta sets up Joint Venture Company in India
 
 2006
 
 -Rolta India receives BS ISO/IEC 27001:2005 certification
 
 2007
 
 -The Mumbai-based Rolta, a leading IT services provider, has inked a
 purchase agreement to buy Orion Technology, a Canadian software and
 integration company. Orion specialises in enterprise web-geographical
 information system solutions.
 
 2007
 
 -Rolta India Ltd on January 23, 2008 has announced the acquisition of
 Broech Corporation, doing business as TUSC, an IT Consulting Company
 specializing in ERP applications as well as Database and Business
 Intelligence solutions based on Oracle technologies.
 
 2008
 
 -Rolta India Ltd has appointed Ms. Preetha Pulusani as whole time
 Director designated as Joint Managing Director of the Company from
 March 01, 2008.
 
 -Rolta India Ltd has informed that the Board of Directors of the
 Company at its meeting held on April 17, 2008, inter alia, has
 appointed Mr. V K Chopra as an Independent Director on the Board of
 the Company.
 
 -Mumbai: Rolta India has bought the US-based business intelligence
 vendor WhittmanHart Consulting.
 
 -The Company has issued Bonus Shares in the Ratio of 1:1.
 
 2009
 
 -Rolta inaugurates its new Development and Delivery Centre in
 SEEPZ-SEZ in Mumbai
 
 -Rolta Unveils Service-Oriented Solutions that Empower Customers to
 Realize Rapid ROI
 
 -Rolta launches cutting edge Earth Science Solutions for world-wide
 markets
 
 -ROLTA was ranked at the #1 position in Human Relations (HR), and at
 the 3rd position in the 2009 DAT AQUEST survey of Best Employers in
 the IT sector.
 
 -Rolta partners with Infoterra France for Pixel Factory Image
 Processing Technology
 
 2010
 
 -Rolta wins a prestigious Nuclear Reactor System Engineering Design 
 
 -Rolta acquires OneGIS, Inc. of Atlanta, GA, USA
 
 -Rolta Offers Cutting-Edge Geoimaging Technologies to Serve Global 
 
 -Rolta acquires PCI Geomatics licenses
 
 -Rolta partners CBSE to educate students on Geospatial Technologies
 
 2011
 
 -Rolta Awarded Nationwide Orthophoto/Mapping Project for Oman
 
 -ROLTA Wins FICCI Award for Excellence in Science, Technology and
 Technological Innovation
 
 -Rolta India buys ACLS Systems
 
 -Qatar's Ashghal Teams with Rolta to Implement Unique System for
 capital Project Management
 
 -ROLTA receives HFI Level - 5 Certification for Capability Maturity
 Practices in Software Usability
 
 2012
 
 -Rolta India enter MoU with GeoEye to gain access high resolution
 satellite imagery
 
 -Rolta India extends relationship with Oracle with Rolta OneView
 
 -Rolta Establishes Gold Tier Partnership with Esri
 
 -Rolta Makes Strategic Acquisition of AdvizeX, USA
 
 -Rolta Establishes Global OEM Partnership with SAP
 
 2013
 -Rolta India Ltd has  titled Rolta Achieves Highest Global Rating for
 Usability of its Solutions.
 -Rolta Wins Multi-Million US $ Contract for Engineering Systems for
 Sadara, Saudi Arabia.
 -Roltas Wins Second Major Project from NSA, Oman
 -Rolta Offers High-performance In-memory BI and Big Data Analytics
 Solutions
 - Roltas wholly owned subsidiary, Rolta, LLC, raises USD 200 million
 -Rolta Announces Three Rapid-Deployment Solutions Based on SAP
 Software.
 -Rolta OneView in Top Right Exemplar Quadrant of Product Excellence
 Matrix for Analytics Products
 
 2014
 -Rolta Wins Multi-million Dollar Follow-on Award for Engineering
 Systems for Sadara, Saudi Arabia
 -Rolta Receives 2014 SAP@ Pinnacle Award : OEM Partner of the Year
 -Rolta Wins Another Project for Creating a 3D City Model
 -Rolta has bagged an additional multi-million dollar order from
 Sadara Chemical Company in Saudi Arabia, reported PTI.
 
 2015
 -MoD selects BEL-Rolta consortium as a Development Agency for the
 Battlefield Management System Project
 -Rolta inks MoU with Hitachi to explore new opportunities
 -Rolta's solution wins the prestigious eGovernment Excellence Award 
 -Rolta India wins award at Frost & Sullivan India ICT event
 -Rolta India  Rolta wins Excellence in Analytics 2015 award by
 NASSCOM
 
 2016
 -Rolta wins IT Solutions Provider of the Year Award for 2nd
 Consecutive Year.
Source : Dion Global Solutions Limited
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