The Company was promoted with the main object of Leasing, Hire Purchase, Financial Services, Data Processing, etc. The Company started it's operation with a small equity base of Rs.4.56 lacs and the Company was engaged in the business of Leasing & Data Processing activities. It decided to substantially increase it's operations in 1994 with an ambitious expansion & diversification plan into Software Manufacturing Unit & Financial services.

M/s. Data Process, a Registered Small Scale Manufacturing unit. A Division of Artefact Software & Finance Ltd. is an established data processing unit Catering to mainly industrial clients for Project Reports, Financial Accounting, Management Consultancy & Equity Research Analysis. Keeping in view the vast potential in Financial Services, the Company intends to enhance it's activities in these field, by increasing the Share Capital through Public Issue.

The Company is already engaged in these activities and have infrastructure which needs to be broad based.

THE COMPANY'S ACTIVITIES

A. SOFTWARE MANUFACTURING UNIT:

1. SOFTWARE EXPORTS

The Company has plans to develop application software packages like equity related Software & Software for portfolio, Banking, Forex Risk Management, Investment opportunities in India, Software for commercial systems, MIS etc., and market it abroad. The Company has projected very modest receipts from software exports, but the future in software exports is very bright. A qualified graduate with MBA is to head the team for software development along with two Deputy Managers, under the over all charge of director MR. PANKAJ SHAH (BE Mech.).

The Company also plans to export it's equity research papers, macro level economic data for FII's entering India.

The Company has already subscribed to membership of ESA-IRS-Ti-facline, a technological and commercial data base of European Space Agency.

The Company has commenced software development activity on receipt of firm enquiries for software for applications on office management, hotel management, solicitor's database & building Society maintenance software.

2. EQUITY RESEARCH

The Company has already started it's equity research activity and it shall develop a fullfledged research team. The research team currently focusses on various industries and macro economic developments. It has developed an inhouse software named "INFO" which helps in maintaining and retrieving a steady information flow for their equity research and overall corporate advisory services.

MR. MANOJ SHAH, Managing Director heads the "Capital Market Cell" of Vidarbha Industries Association which is spearheading the spread of equity cult and corporate functioning amongst all emerging small and medium sized units in Central India. The Company shall be shortly acquiring research related software from the Market & Professional Agencies, besides inhouse software development.

The Company has already developed for exports, a portfolio management software.

Present Equity Research facilities

At present, the Company's Equity research is based upon it's professionals & certain inhouse programme and data base developed by the Company. However, the Company is to strengthen it's present Database and Software with any of the suitable on line databases like DaRT/PRIME, etc. The Company also proposes to subscribe to overseas Databases.

The Company's research division activities include keeping track of day to day market rate movement and trends of various earmarked and invested securities. The securities have predetermined buy/hold/sale levels taking into account the fundamentals of the Companies.

The fundamental analysis of the Company is done on various criteria like cost per unit of capacity, profitability of the Company versus industry and competitors, product superiority, personal market feed back of the Promoters and the management dealings, trend of profitability, stake of financial institutions, profitability ratios compared to industry averages, etc. The Company has devised suitable formats where these information is fed and proper retrival of this information is possible on various sorting criteria or fields for decision making.

The Company also has developed an inhouse software called 'Info' which records the industry & Macro Economic Developments. This information is retrivable on any field and criteria like Industry, Company Name, Sub Heading, subject, Chronological Date, source of information, etc.

The Company has also developed a portfolio management accounting software for maintaining the individual investment portfolio and accounting for trading in portfolio investments.

The Company has a well developed team of market intelligence which gathers information regarding various stock market movements and information on various companies. Mr. K.J. Shah, Director of the Company and BSE Member, is also well versed with various day to day developments of stock market information.

The Company subscribes to various stock market journals & magazines to keep the information up to date.

The Company's proposed acquisition of Software and Database will ensure complete range of information regarding on-line capital market movements.

The Company has already received firm enquiries from certain NRI's/OCBs/FII's regarding rendering Research Based Analysis & Advice for their investment portfolios in Indian Stock Market.

3. CAPITAL MARKETS & CORPORATE ADVISORY SERVICES

The Company shall provide Corporate Advisory services, execute placements of debt & equity instruments, Capital & Balance Sheet restructuring, issue management and advice in other fund based investments in the primary market.

The Company proposes to commence primary & secondary portfolio advisory services for its NRI and Indian clients. The Promoters have very good contacts in Central India and abroad to render these services to a large base of clientele. Few of the reputed business groups & individuals are the clients of the Promoters for rendering these services. The Company's equity research and economic research team shall be very gainfully utilised. The Company has developed a young team of Finance Professionals to strengthen their corporate and Capital Market/Portfolio advisory services.

B. FINANCE ACTIVITIES:

1. EQUITIES TRADING

The Company has already started and it shall actively trade in the primary and secondary equity markets. Based on it's inhouse detailed research of Companies and Industries, the Company identifies scrips for long term and short term investment. The position of each scrip shall be reviewed periodically under a perfectly developed portfolio MIS to ensure that they are within the strict parameters laid down as a part of the risk management systems and also to aid "Buy/Sell/Hold" decision making.

Besides, the possibilities of investment bought outs on OTC & Main Stock Exchanges together with co-investment in bought out deals of reputed Investment Bankers can also be done by the Company, with it's sound research base. One of the Directors of the Company is a reputed BSE Member, whose expertise shall be of immense use to the Company's equity trading.

The Company upto 31/03/1995 has already executed securities trading in secondary markets & has earned a gross income of Rs.30.08 lacs. Besides, the expert guidance of Mr. Kirti J. Shah, Member, Bombay Stock Exchange together with the Company's own research strength is sufficient to cater to the equity trading requirements projected with a fund base of Rs.100 lacs initially in the project cost. The Company also receives profitable offers for investments through it's associate Merchant Banking company, M/s. Vidarbha Holdings Pvt. Ltd.

2. LEASING & HIRE PURCHASE

The Company is to make it's presence in the Leasing and Hire Purchase market. The leasing activity is mainly beneficial for tax-planning. Hence, the Company proposes to enter into tie-ups with manufacturers whose depreciable products can be leased out to their customers. The Company also proposes initially to enter into "Lease Portfolio Management Scheme" of existing leasing companies by which, the Company can obtain all the benefits of the established Company's infrastructure and also gain by way of tax shelter available in the said lease.

Later on, the Company may leverage it's Equity Capital/Net Worth with low cost funds as loans and try to gain a substantial arbitrage after development and establishment of full fledged leasing infrastructure. Public Sector Leasing and core sector leasing are planned to be explored by the Company.

The Company has received firm offer letters from clients & various companies to avail lease finance to the extent of around Rs.235 Lacs and existing finance companies have offered to enter into a Memorandum of Understanding (MOU) under their "Lease Management Portfolio" scheme to the extent of Rs.1.50 Crores. Thus, the Company already has a tie-up of leasing business of around Rs.4 crores, far exceeding it's projected leasing business of Rs.1.50 Crores in the first year itself and for the period ended 31st March, 1995 the Company has leased assets of Rs.39.90 lacs & earned lease rentals of Rs.4.07 lacs.

The Company has already obtained a loan sanction from Central Bank of India, Main Branch, Nagpur for Rs.100 lacs for its leasing and hire purchase activities vide letter No.CM.CR.51.NO.94-95.332 dated 10/03/1995.

3. ICD'S/LOANS/ADVANCES

The Company proposes to resort to short term lending on CD'S/Deposits/Loans to maintain the necessary liquidity of funds. These Loans/deposits are Projected at 15% to 20% of the funds available for the Company. In case the Company accepts ICD'S or Public deposits, then the Company has to, by RBI regulations, maintain 15% of such deposits in Government approved securities/bonds/loans.

THE COMPANY'S INVESTMENT PORTFOLIO SHALL BE DISTRIBUTED AS FOLLOWS:-

FUND BASED OPERATIONS:-

a) Primary & Secondary Shares Investments

A substantial return is expected from these activities, due to it's inherent strength of a Director being BSE & NSE Member, strong equity research base, professional team a selective participation in bought out deals/firm allotments.

The Company also plans to take an OTC Counter and obtain NSE Sub-broking counter for trading at Nagpur in near future.

b) Leasing & Hire Purchase

To the extent required for Tax & Finance planning.

c) ICD's & Loans

To the extent of short term liquidity requirement of the Company.

NON-FUND BASED OPERATIONS-THRUST AREAS:

a) DTP & Software Exports

With an Fixed Assets Investment of Rs.100 Lacs approx proposed in this area of activity, and an expert manpower working for it's success, the Company can rely on these areas as a thrust area for a healthy bottomline, from it's non fund based activities.

b) Corporate Advisory Services

Because of the strong professional and technocrat background of the Board, the Company shall stand to gain substantially as corporate advisors. This would form, together with DTP & Software Exports, one of the most lucrative non fund based activity of the Company. The Company has already tied-up some assignments for these services.

c) NRI Investment Advisory Services

The Company has in a short span of 2 months already tied-up with few NRI Investors to provide primary investment portfolio services on service charge basis. The Company, with a strong equity research base proposes to capitalise on this vast potential.

Thus, with a fundamentally strong and prudent mix of fund based and non fund based activities, the Company is set to make an impact on the financial scene. And last but not the least, it is the men behind the project MANOJ SHAH & PANKAJ SHAH, successful professionals who have created a name in the professional circuit of Central India, and now have decided to broaden their vision and horizon to National levels.

2006

-Artefact Software has incorporated 00% wholly owned subsidiary (WOS) in Malaysia

The Company has been awarded four major prestigious Highway development service contracts worth Rs 166.20 million

2007

- Company name has been changed from Artefact Software & Finance Ltd to Artefact Projects Ltd.

-Artefact Projects has designated E-mail ID for Investors' Complaints: shareholders@artefactprojects.com

2008

-Artefact Projects has recommended payment of Dividend of 7.5%

2012

-Artefact Projects has recommended payment of Dividend of 7.5%

2013 -Board recommends Dividend of @ 7.50%. -Mr. Nilesh Jain has been appointed as Company Secretary & Compliance officer of the Company.

2014 -Board recommends Dividend of @ 7.50%.