| The Company was originally incorporated as ?Airan Consultants Private Limited? on April 19, 1995 under the provisions of Companies Act, 1956 with a certificate of Incorporation issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad. Later on, the name of the company was changed to ?Airan Private Limited? on January 4, 2017 with certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Ahmedabad. Consequent up on the conversion of the Company into public limited company, the name of the Company was changed to ?Airan Limited? and fresh certificate of incorporation dated January 18, 2017 was issued by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of the Company is U74140GJ1995PLC025519. The business activities of computer coaching were started way back in 1990`s by the inspiration of Late Shri Vishwanath Bhimsen Agrawal. the promoter Mr. Sandeep Agrawal started computer coaching classes under a proprietorship firm namely =Arrow Computer Systems` (?ACS?). The said first generation business entity was started with one Wipro Brand PC-XT Machine having Seagate ST225 20MB Hard Disk, a 5-1/4 inch Floppy Drive for 360 KB Capacity Double sided, Double Density Floppy Disk, Monochrome Monitor and Tactile Keyboard to provide the coaching of various ctheses like DOS, Basic, dBase, Lotus-123, Wordstar etc. The theoretical coaching was extended with the help of pre-recorded lectures played on a video cassette player. Subsequently, in the second year i.e 1991-1992 the business turned its tracks to a different direction from coaching to Data Processing. In the said period the Initial Pubic Offer processing was carried out by the existing vendors of various public sector banks including State Bank of India and Punjab National Bank. M/s. K.D. enterprise run by Mr. Ketan Dave was principal vendor, ACS was carrying out activities under sub-contact of M/s. K.D. enterprise. Till 1993-1994, all the accumulated profits of ACS were re-invested in the business in terms of Information Technology (IT) and other Infrastructure. In 1993-94, ACS became direct IPO Processing vendor, Clearing Processing vendor (Dividend Warrants & Refund Orders) for Punjab National Bank in Ahmedabad and gradually spread its wings among various other Public Sector Banks. To give the business a corporate shape and promoted along with family members Late Shri Vishwanath Bhimsen Agrawal and Shri Sudeepkumar Vishwanath Agrawal floated the company ?Airan Consultants Private Limited? was duly incorporated on April 19, 1995 and took over the data processing business of ?ACS?. Since, then Mr. Sandeep Agrawal is associated as Director of the Company. During the year 1995-2000, the Company started full fledge IPO Applications processing, Manual clearing (NON-MICR) through computerised listing with 100% reconciliation, dividend warrants listing and reconciliation, refund orders listing and reconciliation for many Public Sector Banks. For manual ledgers of Savings Account / CC Accounts, Interest application through computerize calculation of interest and providing an interest application scroll for manual posting into the accounts ledgers. Maintaining Pensioners data and providing monthly Pension Payment Scroll to the Branches of State Bank of India. In addition, during the said period the IPOs were fltheishing and volumes were too much, the company was formed with one of the object to apply for a Registrars to the Issue (RTI) and Share Transfer Agents (STA) license, but already there were many Registrars to the Issue (RTI) and Share Transfer Agents (STA) in Gujarat as well as across India. The companies were reluctant in following laid down norms, the RTI/STA were suffering, hence it was kept pending. While the data processing on behalf of the RTI/STA like Karvy Consultants Ltd, MCS Ltd, Compuquick Datamation Pvt. Ltd., Super Corporate Services Pvt. Ltd. and other local RTI/STA, was executed on a large scale, we could manage the major revenue generation out of the same. Later on in the year 2000, Magnetic Ink Character Recognition (MICR) - Clearing system was introduced by RBI in various centers across India, and the Company was one of the leading MICR Clearing processing partner in region of Western India. In addition, introduction of Book Building IPOs doubled the processing opportunity for the company, as the IPO application forms were processed for Bidding activity first and thereafter the same were continued to be processed for Banks. In the year 2001, the Company got the robust growth as the private sector banks started opening up and Multinational Banks spread their wings and opened up branches across India, the Company entered into agreement with various banks like HDFC Bank Ltd, UTI Bank Ltd, Citibank N.A., and that was again a new turning point which put the company on to the fast track. In addition, the Company initiated field operations by providing Door Step Banking on behalf of Citibank to its premium customers. This opened a new horizon for us and the field operations equaled the revenue of data processing & other IT enabled services in few years by spreading the door step banking services to various other banks and their branches in western India.
In the year 2003, the Company initiated Utility Bills Payment Processing for various utility companies and End to End (E2E) solutions for IPO Financing scheme of Centurion Bank of Punjab, both the venture diversification were proved grand success to us. The utility bills payment processing is being continued for almost all the utility bill generating companies like, Electricity, Telephone, Mobility, Internet Services, Piped Natural Gas (PNG), Civic Services by Municipal Corporation. During the year 2004-2014, the Company have been appointed as sole co-ordinators for locations in Gujarat & Rajasthan State for Cash Management Services (CMS) operations of various banks including Standard Chartered Bank, Deutsche Bank, ICICI Bank Ltd., IDBI Bank Ltd., Indusind Bank Ltd., Kotak Mahindra Bank Ltd, Barclays Bank, Bank of America, Citibank NA, HSBC, Royal Bank of Scotland RBS, Union Bank of India, HDFC Bank Ltd, Axis Bank Ltd., RBL Ratnakar Bank Ltd, Yes Bank Ltd. Etc and also providing services related to clearing operations for Citibank NA across their 9 locations in Western India. The Magnetic Ink Character Recognition (MICR) Clearing operations were started for Citibank NA, across western India which later converted in to Image based Cheque Truncation System (CTS) after the Reserve Bank of India`s Directions and after functioning of National Payment Corporation of India (NPCI). The Cheque Truncation System (CTS) Platform of clearing opened new horizons wherein the entire volume of an NPCI`s grid can be processed at one location, wherein the volumes increased and the virtual territorial expansion took place and hence new clients were added in to the Kitty. After establishing the strong foothold in the field of IT and IT enabled services related to banking transaction, cash management services and document management services the company in the year 2014, started providing services to the company which are engaged in the field of Telecom and Internet Service Provider (ISP) which was new vertical for the company, but certainly a volume generating activity, wherein the (End to End) E2E process, right from Know Ythe Customer (KYC) spot audit / pickup of forms from the distributor`s point, thorough Know Ythe Client (KYC) audit at nearest spoke office, data entry of application form in to the online portal, opening an account, verifying the voter ID / Aadhaar number from their web portal, and activating the SIM of the customer in a limited Turn Around Time (TAT), outward from spoke, transporting forms to the centralised HUB, inward at HUB, Bar Coding, Gumming Photograph, De-stapling, Scanning, Re-stapling, Image Splitting, File Naming, Batch preparing up to final warehousing. Further, Know Ythe Customer (KYC) is the biggest focus point among all the utility services providers including payment banks like PayTM & Airtel Money. Airan is entering in a big way in to manual KYC and e-KYC activities for its various clients. These field operations also include AVCV (Address Verification / Credit Verification) of the client through online mobile application. AIRAN has its owned state-of-the-art warehousing facilities for storage of Composite Application Forms (?CAFs?) with KYC documents and warehousing of CAFs & KYC Documents for PayTM and GTPL for their Pan India. In addition, image based Account Opening Process for Kotak Mahindra Bank Ltd. is also executed by the company for their all India Operations on FIFO basis. This said operations are carried out on the Bank`s online system from a highly secured facility.
Major Events
The major events of the company since its incorporation in the particular financial year are as under:
1995
-Promoted the company. Started working (Data Processing, Pension Payment Scrolls, IPO Application Processing, Refund / Dividend Warrants Processing) for Nationalised banks like PNB, Bank of India, Bank of Baroda, State Bank of India, Punjab & Sind Bank, Syndicate Bank, Bank of Maharashtra etc.
1996
-Worked for Registrars to the Issue for application processing for Compuquick Datamation Ltd, MCS Ltd, Karvy Consultants Ltd, Super Corporate Services Ltd.
1998
-Entered in to agreement with UTI Bank Ltd, HDFC Bank Ltd, IDBI Bank Ltd, Citibank NA, for their IPO Processing, Clearing Processing, and other data processing activities.
2000
-Started MICR Cheque Clearing Operations, IPO Bidding activities.
2001
-Started Field operations with the first client Citibank NA, and later on extended to many private sector and Foreign Banks which turn out to be equally important and revenue generation activity with the data processing & other IT enabled services.
2002
-Started spreading operations by opening service outlets across Gujarat.
2003
-Started processing UTILITY bills payments, Cash Management Services (CMS) activities for various banks in Gujarat.
2005
-Started territorial expansion by spreading operations out of Gujarat and opened service outlets.
2006
-Provided end to end IPO Financing solutions to Centurion Bank of Punjab, end to end solutions.
2007
-Started CMS activities and appointed exclusive coordinator for Standard Chartered Bank Across Gujarat and Rajasthan.
2008
-Started CMS Activities and appointed exclusive coordinator for Deutsche Bank Across Gujarat.
2009
-Started Clearing operations for Citibank NA across their 9 locations in Western India.
2010
-Telecom activities performed for Karvy Data Management Ltd and Vodafone for their Postpaid Warehouse. Entered in to agreement with State Bank of India CCPC and Central Bank of India for services.
2014
-This was the turnaround year, with new technology of CTS (Cheque Truncation System) was introduced by RBI across locations and the MICR Clearing System was discontinued, which added new clients in to the kitty. This year, we have started direct end to end processing of CAF (Composite Application Form) for telecom companies like AIRTEL, Videocon etc. across Gujarat. In addition started eStamping for Government of Rajasthan through Stock Holding Corporation of India ("SHCIL"), across Rajasthan. Started Warehousing services for GTPL.
2015
-Field operations were added with AVCV (Address Verification / Credit Verification) activity for various clients including Telecom and Banking Clients.
2016
-Started KYC for Gujarat and Warehousing services for Pan India clients for PayTM.
2017
-Change the Name of Company to Airan Private Limited. Subsequently, converted into Public Limited Company.
2018
-The Company has splits its face value from Rs. 10/- to Rs. 2/-.
2019
-The Company has issued Bonus Shares in the Ratio of 1:1.
2022
--The Company has informed that, the Board Meeting held on 11-Oct-2022 to consider Acquisition of Stake in Beacon Trusteeship Ltd.
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