Silverline Technologies Ltd Company History

The Company was incorporated on 13th April, 1992 as a Public Limited Company under the name of "Silverline Industries Limited". The Company has obtained the Certificate of Commencement of Business dated 30th April, 1992.

The Company was promoted by Mr. Ravi Subramanian, Mr. Pat Sarma, Mr. Paramjeet Bhalla, Mr Ram Mahtani, and Mr. Arjan Daswani.

The Company has set up its planned $125-million initial public offering at 5.2 million.

The Company is to make two international acquisitions -- one in the US and another in Europe.

Click4Care Inc., a health management application service provider, has selected the company to provide comprehensive eBusiness solutions to the organisation.

NYSE-listed Silverline Technologies has entered into a strategic alliance with TIS Worldwide, an e-business solutions integrator.

Silverline Technologies, listed on the NYSE and the BSE, acquired a US $24.3 million HongKong-based IT consultancy firm -- Sky Capital International (SCI) -- in a US $22 million all cash deal.

Software bluechip Silverline Technologies has entered into an agreement to acquire the Raj Koneru-promoted SeraNova Inc in an all-stock deal.

Niku Corporation one of the leading provider of services relationship management solutions has entered into a relationship with Silverline Technologies, to expand its product development and enhancement efforts in India.

Silverline Technologyies has formed a tie-up with the US-based Niku Corporation to expand the latter's product development and enhancement efforts in India.

Silverline Technologies Ltd has joined with palm Inc.' Enterprise Alliance Programme, to provide mobile e-business solutions to clients worldwide.

Silverline Technologies Ltd is issues debentures to an institutional investor for $10 million, which carries the option of convertibility into American depositary receipts (ADRs). Considering the current price of the stock, which is listed on the Nasdaq, the shareholding being offered to the investor is around 3-4 per cent.

Silverline Technologies Ltd on June 11, announced that as part of the global integration of SeraNova into Silverline, it has completed the integration of SeraNova's Australian subsidiary. As part of the integration, SeraNova Austraili Pty Ltd is changing its name to Silverline Technologies Pty Ltd. Silverline had finalised the acquisition of SeraNova on March 6, 2001.

Silverline Technologies Ltd on July 17, announced that it would partner with PanamaTech to puruse joint projects with clients who wished to complete business transactions electronically.

Silverline Technologies Ltd, an international software development and integration services firm, announced on September 24 that it has implemented Point Of Sale (POS) and Order Processing Systems (OPS) for Hang Fung Gold Technology Ltd, one of Hong Kong`s leading

publicly-listed companies specialising in gold and silver jewellery, ornaments and giftware manufacturing.

Silverline Technologies Ltd (STL) has announced the creation of the office of CEO. Mr Ravi Singh has been appointed as co-CEO of the company. Current CEO and president of STL Shankar Iyer, will assume the title of co-CEO for the next three months to effect a smooth

transition.

CEO of Silverline Ravi Singh quits.

Silverline Technologies Ltd announced the appointment of Dr. Nirmal Jain as the new Vice Chairman and CEO for the company. The company also announced the reconstitution of the Board wherein Dr Nirmal Jain and Mr Prem Rajani have been added while replacing Mr Kulathu Subramanian, Mr S V Mony, Mr Shankar Iyer.

Silverline Technologies Ltd has informed that Mr K Kulathu Subramanian has been appointed as the Wholetime Director of the company.The company has further informed that Dr Nirmal Jain has resigned as Director and Vice Chairman of the company which has been accepted by the Board. He has also stepped down as the CEO of the Company.

Silverline Technologies has constituted a group named 'techFusion' within the company to handle industry-focused technology study.

Silverline Technologies Ltd has informed BSE that Mr V Panchapakesan has resigned as the Director of the Company due to his pre occupations. The company also informs that Mr Ram V Ramanan, has been appointed as an Additional Director of the Company.

Silverline Technologies Ltd sign MOU with a telecom BPO Solutions provider in USA, to support 200-250 seats capacity from its offshore development centres in India, in Phase-1.

Appointment of Mr Ram V Ramanan & Mr Ramchandra N Swamy as Director of the company.

Appointment of Mr K Kulathu Subramanian as Whole Time Director

Delisting of its shares from Ahmedabad Stock Exchange & Chennai Stock Exchange.

Silverline Technologies secures multi-year Software Development Initiative contract

Silverline Technologies launches Services Management Practice & forged strategic

Silverline Technologies Signs JV Agreement with Creative InfoCity Inc, USA for IT & BPO Services

Silverline Technologies enters Strategic Relationship with Canadian Firm for Hospital Performance Management Market.

Silverline Technologies enters into One Time Settlement with Development Bank of Singapore

Silverline Technologies acquires a North American Contact Center for all shares swap deal.