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CYIENT LTD.

01 November 2024 | 12:00

Industry >> IT Consulting & Software

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ISIN No INE136B01020 BSE Code / NSE Code 532175 / CYIENT Book Value (Rs.) 383.86 Face Value 5.00
Bookclosure 06/11/2024 52Week High 2459 EPS 61.55 P/E 29.97
Market Cap. 20460.56 Cr. 52Week Low 1642 P/BV / Div Yield (%) 4.81 / 1.63 Market Lot 1.00
Security Type Other

History of Company

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

YEAR                                                          EVENTS
1991 - The company was incorporated as a Private Limited Company on
       28th August, under the name of Info Tech Enterprises Private Ltd,
       with the objective of creating facilities for software
       development and its export thereof to global markets.  The
       Company commenced commercial operations in September 1992. 
- InfoTech is promoted by Shri. B.V.R. Mohan Reddy, Shri, K. Rajan Babu, both technically qualified computer professionas, and Smt. B. Sucharitha (wife of Shri. Mohan Reddy).

1995 - InfoTech shares a fully functional 128 KBPS Satellite Link, provided by STP, Hyderabad and has established its own home page on its World Wide Web Server on the Internet.

1997 - InfoTech was given the ISO 9002 certification by BVQI, London for its CADD/GIS conversion services. The Company has applied and is confident of obtaining the ISO 9001 certification for `Software Development' by March.

- The company is setting-up new facilities for handling Engineering consultancy - 3D Modelling projects, enhancing the existing CAD/GIS conversion capacity by 60%, doubling the capacity for software development (projects) and also doubling the capacity for product development (software/data products development).

- Infotech Enterprises Ltd, a 100 per cent export oriented software unit, is floating a public issue with a unique safety net option provided by the lead manager Industrial Development Bank of India (IDBI).

- Infotech Enterprises Limited, an Hyderabad based 100 per cent export oriented company engaged in exporting softwares is entering the capital market with a public issue o 23,25,000 equity shares of Rs.10 each for cash at premium of Rs.10 per share aggregating Rs.465 lakhs. The issues slated to open for subscription on 17th, March.

1998 - InfoTech Enterprises has entered into an agreement with APTA Conseil of France, a Paris-based group, for cooperation in software product development for business applications.

- The agreement entered into by Infotech Enterprises with Navionics of Italy for digitisation and conversion services for the next two years.

- InfoTech Enterprises Ltd is one of the major players in the worldwide CAD and GIS markets.

1999 - Infotech Enterprises to buy Cartographic Sciences, a fully-owned Indian subsidiary of the US-based Analytical Services Inc (ASI) aimed at synergising both the companies capabilities in data conversion and software services.

- Infotech Enterprises Ltd, which has completed a geographical information systems (GIS) project for Bharti Telenet Ltd, Bhopal, in five months, has earned the Fast Track Award from SmallWorld Systems Pte Ltd, UK.

- The company has decided to set up a specialised JAVA programming team which will offer a variety of services.

- The company has launched a ERP product for the manufacturing industry which caters to the small and medium enterprises.

2000 - Hyderabad-based software solutions and services provider, has tied up with the Germany-based OpenShop Internet Software to act as an exclusive distributor to offer the latter's solutions in the Indian Market.

- Infotech Enterprises Ltd., a Hyderabd-based software solutions and services provider, has tied up with Openshop internet Software and E-Business Solutions Company from Germany to have an exclusive right to distribute Openshop software packages to Indian customers.

- Infotech Enterprises has decided to issue 2.18 lakh equity shares to the erstwhile shareholders of Dataview Solutions Ltd, UK, as an additional consideration as per the agreement between the company and the shareholders of Dataview.

- The Company has successfully completed a major software development contract for Nova Development Corporation, California.

2001 - The Andhra Pradesh High Court has approved the scheme of amalgamation of Cartographic Sciences Ltd, the wholly-owned subsidiary of the company, with Infotech Enterprises Ltd effective from 1st April.

2002

-Company allots 10,80,010 shares and 3,00,000 warrants with an option to convert them into equity shares to M/s Carrier international Mauritius Ltd.

-Forms a strategic business alliance with Pratt and Whitney.

-Appoints Charles W Ayer as the Additional Director on the board of the company.

-Company has been assessed at Level 5 of the Capability Model (CMM) of the software Engineer Institute for its software development & services.

-Shareholders approve for the bonus issue of shares in the ratio of 1:1.

-Wins a major long term GIS contract from KPN Telecom, to provide spatial data management services.

2003

-Allots 41050 equity shares to the associates of the company under the Associate Stock Option Plan 2001.

-Infotech Enterprise and TerraQuest join forces to address the UK Local authority e-government agenda.

-Certive forges an alliance with the company to accelerate rapid business intelligence solutions.

-Announces the successful appraisal at Level 5 of the Capacity Maturity Model Integration version 1.1.

-Appoints Mr Richard Green as the Non-Executive Director on the Board of the company.

-Signs a long term contract with Tele Atlas NV, Netherlands to provide map data conversion services.

-Members approve for delisting of equity shares of the company from 3 stock exchanges ( Hyderabad, Madras and Delhi ).

-Mr K Basi Reddy, Promoter sells 20000 shares of the company, which accounts to 0.14%.

-Signs long term outsourcing contract with Bombardier Transportation to provide Engineering services.

2004

-Infotech Enterprises acquires VARGIS - a GIS company in the US

-Delist from the Madras Stock Exchange w.e.f. October 19, 2004.

2005

-Infotech Enterprises enters into strategic agreement with Ten Sails

- Infotech Enterprises Ltd inaugurates its US geospatial production facility at Frostburg, Maryland managed by the Companys American subsidiary, VARGIS, the new facility grew out of collaboration with Frostburg State University, Allegany County and the State of Maryland.

2006

-Infotech Enterprises has given the Bonus in the Ratio of 1:2

-Company has splits its Face value of Shares from Rs 10 to Rs 5

2007

-Infotech Enterprises Ltd has appointed Mr. Bill Grabe as an Additional Director of the Company.

2008

-Infotech Enterprises Ltd has appointed Mr. Sunish Sharma as an alternate director to Mr. Bill Grabe.

2008

-Infotech Enterprises Ltd has appointed Mr. Sunish Sharma as an alternate director to Mr. Bill Grabe under section 313 of the Companies Act, 1956.

-Infotech Enterprises Ltd, global technology solutions provider, on March 17 announced that it has signed a new multi-year contract with digital map leader Tele Atlas to provide extensive map database and software development services.

-Infotech Enterprises Ltd has signed an MOU with Institute of Aeronautical Engineering, Dindigul and M L R Institute of Technology Dindigul on March 19, at Hyderabad.

-Infotech Enterprises Ltd, on March 24, 2008, has announced the appointment of Don Kielty as Vice President North America Sales in the manufacturing vertical.

-Infotech Enterprises Ltd has appointed Mr. William P Henry as an additional director on the Board of the Company.

2009

-Awarded RBNQA Performance Excellence Trophy.

-Opened branch office in Malaysia.

-The company has set up a wholly owned subsidiary in Japan by name Infotech Enterprises Japan K K

2010

-Infotech Enterprises has signed a long term agreement with Hamilton Sundstrand Corporation (HSC)

-Acquired Wellsco Inc., USA.

-Infotech signs agreement with Westinghouse Electric Company

-Infotech signs a long term agreement with Seawell AS

-Infotech Enterprises has given the Bonus in the Ratio of 1:1

2011

-Infotech establishes Integrated Global Aerospace Practice

-Awarded "Supplier of the Year" by Boeing.

-Infotech signs a MoU with JNTUK Kakinada

-Infotech Enterprises Receives Award for its Contribution to German-Indian Business Relations

-Infotech Enterprises Ltd. wins Asia's Best Employer Brand Awards 2011 for 'Innovation in Retention Strategy'.

-Infotech Enterprises sings an MoU with IIT-Hyderabad

2012

-Infotech Enterprises enters into an MoU with Health Awareness Promotion Project India

-Infotech signs an MoU with UPES Dehradun

-Infotech signs a MoU with Sri Vishnu Educational Society as part of its industry-academia initiative

-JT selects Infotech Enterprises for integrated GIS solution

-Infotech Enterprises wins Golden Peacock Award for Demonstrated Excellence in Corporate Governance.

- Infotech Enterprises and ViryaNet Sign Partner Agreement

2013

- Infotech Inaugurates New Alstom Transport RSC Engineering Center in India.

- Infotech Enterprises inaugurates its new office in Silicon Valley

-Infotech Enterprises inaugurates new development centre in Kakinada

2014

- Cyient wins ICSI National Award for Excellence in Corporate Governance 2014. -Infotech Enterprises to change name as Cyient. -nfotech Enterprises to Acquire Softential Strengthens Service Offerings for Telecom and Enterprise Customers -Cyient To Acquire Majority Stake in Invati Insights -Company has changed its name from Infotech Enterprises Ltd to Cyient Ltd.

2016 -Cyient opens design center in Bengaluru for Australian firm -Cyient Inaugurates global design center in Bengaluru for SMEC -Cyient launches 54 CDC in Telangana

2017 -Cyient entered into a non-exclusive business alliance with EA Technology -Cyient recognized at CII Industrial Innovation Awards 2017 -Cyient signs alliance agreement with Kii Corporation -Cyient was awared Leader in Corporate Innovation Award, from Indo-American Chamber of Commerce, 2017

2018 -Cyient Recognized as a Major Contender in Everest Group's PEAK Matrix: Medical Device Engineering Services Assessment 2019 -Cyient Launches its Connected Equipment Offering for original equipment manufacturers and Equipment Owners and Operators -Cyient to Develop the Geographical Information System and Management Information System for Varanasi -Cyient signs a definitive agreement to acquire 100% of Cyient Insights

2019 -Cyient Launches Solutions for 5G Deployment -Cyient partnered with the India 2022 Coalition in 2018 to lead and develop projects that deliver technology-enabled healthcare solutions in India -Cyient Announces Strategic Investment in Rail Cybersecurity Company Cylus -Cyient and OneStrand Inc. Announce Partnership to Offer Interactive Technical Publication Solutions

2020 -Cyient Inaugurate Warangal's Largest Development Center -Cyient Inaugurates Its State-of-the-Art Development Center in Warangal -Cyient Inaugurates Wire Harness Lab for Production and Prototyping in its Peoria Office -Telangana State and MedTechConnect launch a new initiative called Project Tej

2021 -Cyient Wins Top Honors at NASSCOM Engineering and Innovation Excellence Awards 2021 -Cyient Support the UK's HMLR to Centralize and Digitally Register the Local Land Charges Records -Cyient expands its Digital Solutions portfolio for the Aerospace industry with PPAP4Aero -Cyient Launches Private 5G Center of Excellence; Signs MoU with IIT Hyderabad for Research Collaboration -Cyient Named as a Major Contender in the Everest Group PEAK Matrixr for Digital Product Engineering Service Provider 2022

2022 -Cyient launches AI-powered framework for Automated System and Software Testing. -Cyient to acquire Portugal-based Celfinet.

2023

-"Cyient celebrates innovation with 5500 innovators across 76 countries collaborating for CyientifIQ Innovation League".