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63 MOONS TECHNOLOGIES LTD.

21 November 2024 | 03:53

Industry >> IT Consulting & Software

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ISIN No INE111B01023 BSE Code / NSE Code 526881 / 63MOONS Book Value (Rs.) 726.45 Face Value 2.00
Bookclosure 27/09/2024 52Week High 691 EPS 48.29 P/E 11.97
Market Cap. 2662.65 Cr. 52Week Low 315 P/BV / Div Yield (%) 0.80 / 0.35 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
1988:

The Company was incorporated on 12th April, 1988.

1990:

The Company set up an unit in the Madras Export Processing Zone, which was ready for commercial production on 7th February, 1990. The Company had a technical and financial collaboration with Worldwide Technologies Inc., USA which came to an end on 19.10.1990.

1991:

For sale in the Indian market, the Company set up an unit in Pallavaram in September, 1991 and has also set up yet another factory at Reddiarpalayam, Pondicherry. Thus, the Company had three manufacturing facilities at:

1. Madras Export Processing Zone - For manufacturing of Modems for export (capacity: 1250 modems per shift per month).

2. Pallavaram at Madras - For manufacture of Modems for the Indian market (capacity: 300 modems per shift per month).

3. Reddiarpalayam at Pondicherry - For manufacture of Modems for the Indian market (capacity: 300 modems per shift per month).

All the above manufacturing facilities are for the manufacturing of the same products, modems and other data communication products. the manufacturing facilities at the Madras Export Processing Zone have been idle from the time of inauguration of the factory due to paucity of export orders. The Madras factory has subsequently been taken over by Complete Business solutions (India) Pvt. Ltd. (formerly known as Total Business Solutions India) Pvt. Ltd.). Complete Business Solutions (India) Pvt. Ltd. has taken over the export obligation of the Company. MEPZ has given the permission for the transfer of the factory to Complete Business Solutions (India) Pvt Ltd. and is in the process of debonding the Company's materials.

1994:

The Company has set up facilities at Pondicherry which has become operational from 1.10.1994 as all the relevant approvals, i.e. excise clearance, factory registration certificate, etc. have been received. All these factories are in rented premises. One of the objectives of the public issue is to acquire land and construct building at Pondicherry, so that the factory at Pondicherry can be relocated to owned premises. The Company is in the process of identifying a site for the proposed factory.

Complete Business Solutions (India) Pvt Ltd was converted into a public limited company in Aug.'94

1995:

In Feb.'95, it made a Rs 2.25-cr public offering, at a premium of Rs 20, to mobilise funds for expansion and re-location of existing manufacturing facilities and acquisition of infrastructure facilities.

The emergence of Internet (launched by VSNL), screen-based trading on all stock exchanges, branch connectivity and greater visibility of E-mail operations will give a great boost to the company's products. The company is diversifying the product range to include high-end networking products such as terminal servers, print servers, X-25 pads and routers. It has been appointed as the national distributor for Wipro products. It is also negotiating with a foreign company to represent video conferencing products and ISDN products.

1996:

During 1996-97, the modem market has moved by 33.6Kbps which is presently highest speed as per approved standards and very soon 56Kbps will hit the market. The company has also developed a 6U Modem Card and obtain Type approval from TEC.

1999:

In July, 99, the company changed its name to Nods Worldwide (NWL)

2002:

As a reorganisation process, the company involved in the demerger of its hardware division to a new company "Worldwide Infocom Ltd"(WIL). Inorder to add sharholder value, WIL decided to simultaneously merge with "Compuage Electronics Ltd"(CEL). CEL is a leading distributor of products and peripherals in Information Technology field with a turnover of Rs.160 crores for the year end 31st March, 2000 and hence the name of WIL has been changed to "Compuage Infocom Ltd"(CIL).

The High Court approved the scheme of amalgamation of Electronic Broking Services Ltd (EBSL) with the company. ESBL is an application service provider in the field of online trading of stocks, shares, commodities, metals etc., and has already set up the neccessary infrastructure for this purpose. The merged entity was called "e.Xchange on the Net Limited".

2003

-Financial Technologies baged Vadodara Stock Exchange subsidiary deal to deploy integrated trading platform for its wholly owned Exchange Subsidiary, VSE Stock Services Ltd.

- Multi Commodity Exchange of India (MCX) has now become a wholly owned subsidiary of the company.

-Signed a deal to implement its integrated Dealing Room Technology Solution for DSP Merrill Lynch.

2004

-Financial Technologies and Hutch India have together launched what they called the first wireless Internet mobile dealing desk through the Orange wireless service in Mumbai on April 29, 2004. Called `i-Win', this facility provides stock market and trading facilities to Hutch and Orange GPRS mobile phone users.

-Financial Technologies India Ltd has informed that Multi Commodity Exchange of India Ltd (MCX), a subsidiary of the Company and the Tokyo Commodity Exchange (TOCOM) would be entering into an Agreement of mutual co-operation on November 4, 2004.

-Financial Tech, Hutch launch stock trading desk on mobiles

2005

-Financial Technologies entering into a strategic tie-up with Nokia

-Financial Technologies - MCX entering into strategic alliance with LME

-Financial Tech launches subsidiary arm Financial Tech

2006

-Financial Technologies raises USD 100 million by way of FCCBs . -Financial Technologies wins Deloitte technology India & Asia-Pacific awards.

-Financial Technologies - MCX signs MoU with Zhengzhou Commodity Exchange (ZCE)

2007

-Financial Technologies acquires 1% stake in NSE

-Financial Technologies & PTC India Ltd to launch Indian Energy Exchange Ltd

2008

-Financial Technologies - Acquisition of 90% stake in ICX Platform (Pty) Ltd. (ICX), Johannesburg, South Africa

-Financial Technologies (India) ltd has informed that: "Acquisition of 90% stake in Audit Control & Expertise Global ltd (ACE) Group-U.K".

-Registered Office of the Company has been shifted From 349, Business Point, 7th floor,Western Express Highway,Chakala, Andheri (East), Mumbai-400 069 To Doshi Towers First Floor, Flat No: 1A & B No. 156, Periyar, EVR Salai,Kilpauk, Chennai-600 010.

2010

- Financial Technologies (India) Ltd has appointed Mr P R Barpande as Additional Director (Non-Executive & Independent) on the Board of the Company with effect from August 11, 2010.

2011

-Financial Technologies (India) Ltd wins 'Golden Peacock HR Excellence Award'

-Financial Technologies' BFX Goes Live

2012

-Mr. Manjay P. Shah has been appointed as additional Director and designated as Whole-time Director of the Company.

-Mr. Prashant Desai has joined Financial Technologies (India) Limited as President - Investor Relations.

2013 - The company has has been appointed Dr. T. C. Nair as a Additional Director (Non-Executive & Independent) on the Board of the Company.

-The Registered Office of the Company has been shifted from old address to Shakti Tower - 1, 7th Floor, Premises E, 766, Anna Salai, Thousand Lights, Chennai - 600002. Tel. No. - +91-44-4395 0850, Fax No. - +91-44-4395 0899.

2015 -FTIL inks new SPA to divest its stake in IEX -The name of the Company from 'Financial Technologies (India) Limited' to '63 moons technologies limited -Financial Technologies executes License Agreement with IEX

2016

- 63 moons technologies Ltd. has informed BSE that Financial Technologies (India) Ltd. ("FTIL"), on January 28, 2016, entered into a Share Purchase Agreement with Dubai Multi Commodities Centre (DMCC).

- The name of the Company stands changed to "63 moons technologies limited" with effect from May 27, 2016. Copy of the Certificate of Incorporation pursuant to Change of name received from the ROC.

- 63 moons technologies Ltd. has submitted to BSE a copy of Press Release dated December 02, 2016 titled '63 moons Announces Gen-Next Innovations on ODIN".

2018 -NTT DATA to acquire a majority stake in Atom Technologies owned by 63 moons.

2022 -63 moons technologies Is Honoured As "Asia's Most Trusted Company". -63 moons wins in NCLAT against Piramal on DHFL resolutions plan.

2023 -63 moons unveils innovative technology universe of Cybersecurity, Web 3.0 & Blockchain, and LegalTech. -63 moons & others win AT1 bonds case against Yes Bank in Hon'ble Bombay HC.