Cybertech Systems & Software Ltd Company History

Cybertech Systems And Software Limited was incorporated on 19th

January, as a Public Limited Company under the Companies Act, 1956, and

the Certificate for Commencement of Business was obtained from the

Registrar of Companies, Maharashtra, on 31st January.

The Company is promoted by Mr. Prasad Rao Vellaturi, Mr. Vishwanath

Tadimety and Mr. Atul Agrawal, Technmocrat NRI's, based in USA and Mr.

Ashok Ranade.

The main object of the Company is to undertake software development

for overseas market. The objects of the business venture is to have a

base in India which would enable the company to tap the Indian market

for software professionals and undertake software development for

overseas clients and others.

The company proposes to provide on-site technical services at the

client's location (basically in the U.S.A.), undertake turnkey projects

and develop operations in India.

The Company has set a 100% Export Oriented Unit, at Mumbai, for

providing on-site services in software development for domestic and

international market.

The Company has also set up an Advanced Learning Center based in

Mumbai.

The company proposes to offer both onsite services and offshore

services to overseas clients and expand its activities by undertaking

Software Exports, and introducing new and innovative products.

The Company proposes to acquire additional space for its increasing

operations out of the issue funds.

The Mumbai-based CyberTech Systems and Software Limited, a company

promoted by CyberTech International Corporation Inc is undertaking a

Rs.20 crore expansion to set up software development and training

facilities.

Cybertech Systems and Software Ltd is set to open a new software

centre at Thane, Greater Mumbai. The centre is aimed at addressing the

large requirements of CyberTech clients offshore projects in Y2K

conversion apart from internal training.

The Company has also won an offshore software support engagement from

Unisys corporation of San Jose, California.

During the year, the Company offered 1,565,500 Equity Shares of Rs.

10/- each for cash aggregating to Rs. 156.55 lakhs which included

1,262,500 Equity Shares of Rs. 10/- for cash at par to Indian Public

and firm allotment of 303,000 Equity Shares of Rs. 10/- each at a

differential premium of Rs. 20/- per share to NRIs.

Kishanchand Spinning Mills Ltd., became the wholly owned subsidiary

of the Company.

The Board of Directors on June 19, allotted 52,56,500 Equity Shares

of Rs. 10/- each of the Company for cash at a premium of Rs. 100/- to

CyberTech International Corporation, USA on preferential basis, in

terms of approval of the members at the Extraordinary General Meeting

of the Company held on March 21st.

Cybertech Systems and Software Ltd, a 51 per cent subsidiary of

Cybertech International Corporation, US, is looking at acquisitions for

future growth. The company has earmarked Rs 50 crore (Rs 500 million)

for the same.

The company recently entered into a tie-up with SAP Arabia to provide

technical and functional services to SAP customers in the middle-east.

Cybertech Systems and Software (CSSL), a subsidiary of the US-based

Cybertech Systems Inc., is the leading player in ERP (SAP)

implementation.

CYBERTECH Systems & Software Ltd has acquired the Bangalore-based

software company, Equinox Solutions India Pvt Ltd, the company said in

a communique to the BSE.

The media division will launch web-based products and service for

independent Internet users as well Internet based products and

solutions for corporate clients.

CyberTech Systems and Software is developing a website which will

provide e-commerce, on-line shopping, 24-hour news, finance and

investment services.

The company had recently launched its new business unit, The New

Media Division, to launch web-based products for independent users as

well as corporate clients.

The company is setting up an application service centre to cater to

the Indian corporate sector. The company has tied up with HariBhakti &

Co, a management consultant firm, to provide the domain knowledge for

this purpose.

Mumbai-based CyberTech Systems and Software, a subsidiary of

CyberTech Systems Inc, is one such company, which is transiting from

catering to the parent's requirement of SAP professionals to providing

a suite of offshore software development services.

CYBERTECH SYSTEMS and Software Ltd (CSSL) is planning to merge its

American parent, the $75m CyberTech System Inc (CSI), with itself.

Cybertech has also set up 65,000 sq.ft software development centre at

a cost of Rs 21 crore near Mumbai, with a capacity to accommodate 700

professionals.

Cybertech Systems and Software Ltd (CSSL) will be merged with the

group's US subsidiary Cybertech Systems Inc, as part of its

restructuring plan.

The company has also recently tied-up with SAP Arabia to provide

Enterprise Packaged Solutions in the middle east and is set to launch

its own portal "indiaacross.com". The company is also likely to

acquire more companies in e-commerce and networking solutions.

The Company allotted 1,28,57,370 Bonus Equity Shares of Rs. 10/- each

on 1st April, and the paid-up Share Capital of the Company subsequent

to this allotment is Rs. 2316 Lacs.

Hiperworld Cybertech Ltd., a Delhi-based e-commerce service provider,

is set to launch a WAP-enabled payment gateway product which will

enable users to make payments using their mobile phones.

The Board of Directors of CyberTech Systems and Software Ltd at its meeting held on August 16, 2002 has approved purchase of 100% equity of CyberTech Europe (CTE) from CyberTech Systems Inc., making CTE a 100% wholly owned subsidiary of the company subject to regulatory requirements and fixation of price at the next Board Meeting.

Cyber Tech Systems And Software Ltd has informed that Mr Suhas Wadivkar, Executive Director of the Company has retired from the services of the company on December 20, 2003.

A meeting of the BoD of the company is scheduled to be held on December 29, 2003, to consider appointment of Mr Vijay Talele, as an Additional Director and Executive Director of the Company, subject to the shareholder's approval in the forthcoming Annual General Meeting.

Mr Vijay Talele was appointed as an Additional Director and Executive Director w.e.f. January 1, 2004 for a period 3 years, subject to the approval of Shareholders at the AGM of the company.

The Resignation of Mr Prasad Rao, as Chairman & Director of the company was taken on record with immediated effect.

Appointed Mr Viswanath Tadimety as Chairman of the company with immediate effect.

The e-mail ID for the purpose of grievance redressal of investors is :

[email protected]

Cyber Tech Systems has recommended equity dividend of Re 1 per share (10% on the nominal value of Rs 10 per share).

Cyber Tech Systems has recommended the payment of Equity Dividend of Rs 1/- per Equity Share

CyberTech Systems has recommended a dividend of Re. 1 per Equity share of Rs. 10 each

CyberTech Systems has recommended equity dividend of Re. 1 per Equity Share.

CyberTech Systems recommended a dividend of Re. 1/- per Equity Share

Board has recommended a dividend of Re. 1/- per equity share.

CyberTech received the Prestigious Skoch Order of Merit 2014.

CyberTech has won the ‘Most Innovative Product’ award in ‘Municipalika 2014’ conference in Gandhinagar Gujarat.

CyberTech has been awarded the contract for the creation of a comprehensive computerized geo-enabled Property database to support assessment and consolidation of all Municipal revenues for Nagpur Municipal Corporation (NMC).

Inauguration of a Computer Lab, with laptops donated by Cybertech

CyberTech participates at Geospatial world forum 2018

Esri and CyberTech Systems and Software Ltd is opening of a second state of the art Technical Support Center in Pune

CyberTech is First Esri Partner to be Awarded ArcGIS Cloud Services Specialty Designation

CyberTech Now in SAP PartnerEdge Program with a Sell Focus

CyberTech Receives System Implementation Award at Esri Partner Conference for Exceptional Achievement.

CyberTech Achieves Microsoft Gold Partner Status in the Microsoft Partner Program.

Unity Engine by Spatialitics is Certified by SAP for Integration with SAP S/4HANA.