Updater Services Ltd
Updater Services Ltd Company History
Updater Services is engaged in providing facility management services like integrated facility management services to various industries such as information technology enabled services, manufacturing, hospitality and other industries and catering services, which includes industrial catering, and services at food courts.
1990
the Company was founded as a partnership firm between Raghunandana Tangirala and K. Hariharan for undertaking catering contracts, housekeeping and maintenance contracts, manpower hiring contracts and other allied activities
1990
2000
Reconstitution of the partnership firm to admit, Shanthi Tangirala, as a partner
2000
2002
Entered into an agreement with Saint-Gobain Glass India Private Limited for providing operations services
2002
2003
Conversion from partnership firm to a private limited company
2003
2006
Total revenue of the Company crossed Rs. 500.00 million for the Financial Year ended March 31, 2006
Acquisition of 51% shareholding in Avon Solutions and Logistics Private Limited, a mail room management
company with a pan India presence
2006
2010
Entered into an agreement with one of largest private airports in India
2010
2014
Entered into an agreement for facility management services with a hospital
Obtained a rating from a credit rating agency
2014
2015
Total revenue of the Company crossed Rs. 5,000.00 million for the Financial Year ended March 31, 2015
2015
2016
Entered into an agreement for providing facility management services for a metro rail
2016
2017
Acquisition of 100% shareholding in Stanworth Management Private Limited
Acquisition of 65% shareholding in Fusion Foods and Catering Private Limited, which is engaged in hospitality and industrial catering
2017
2018
Entered into an agreement for providing and managing the human resource services at a hospital in Ahmedabad
Acquisition of 70% stake in Global Flight Handling Services Private Limited
2018
2019
Rolling out Employee Stock Option Plan for its employees
Entered into an agreement with a large conglomerate for property and facility management services at Sardar Vallabhbhai Patel  Statue of Unity
Total revenue of the Company crossed Rs. 10,000.00 million for the Financial Year ended March 31, 2020
Appointed as facility manager to manage the operation and management of three railway stations
Acquisition of 75% shareholding in Matrix Business Services India Private Limited
Acquisition of 76% shareholding in Washroom Hygiene Concepts Private Limited
2019
2020
Entered into an agreement for operation and maintenance of liquid terminal at Kattupali Port
Entered into an agreement with one of the leading medical education and research institute in Pondicherry
2020
2022
Acquisition of 57% shareholding in Athena BPO Private Limited
2022
2023
Total revenue of the Company crossed Rs. 20,000.00 million for the Financial Year ended March 31, 2023
2023
