History of Fujitsu ICIM Ltd.
1963
- The Comp. was Incorporated on 29th March, at Mumbai. The Company manufacture & dealing in all kinds of computers, tabulators, accounting & calculating machines & other machines & punch cards.
- Issued 5,000 shares against supply of know-how & 25,000 shares for cash to International Computers and Tabulators, Ltd., London. 10,000 shares to directors, etc., & 10,000 shares to the public. All shares issued at par.
1977
- The Comp. received a letter of intent for manufacture of 2904 computer systems.
1978
- During September, shares subdivided. 2,50,000 shares offered at part as rights to resident Indian shareholders as on 26.9.1978 in prop. 5:4, fraction being ignored.
1979
- 17,50,000 shares issued at par. 7,00,000 shares without payment in cash to ICL, U.K.: 23,850 shares to Indian directors & employees; 3,75,000 shares to financial institutions & 6,51,150 shares to the public during August.
1981
- Industrial licence was received for manufacture of mini computer/micro processor based systems of annual capacity of Rs 2 crores in the Company existing industrial undertaking at Pune.
- The Comp. obtained a letter of intent to increase the present licensed capacity for manufacture of line printers from 100 nos. per annum. This was converted into an industrial licence during 1982-83.
1986
- ICIM Quattro Super Micro Computer was introduced.
- The Comp. entered into a technical collaboration agreement with Centronics Data Computer Corporation [now known as Genicom Inc.s], U.S.A., with 70% of indeginisation in the very first year of manufacture, for manufacture in India on OEM basis, their line printers known as 'Linewriters'.
- The Comp. acquired the entire share capital of 44,000 No. of equity shares of Rs 100 each of International Computers [Indias] Ltd., from International Computers Ltd., London whereupon International Computers [Indias] Ltd., became a wholly owned subsidiary of Company.
- The Comp. issued by private placement 1,50,000 - 15% non-convertible debentures of Rs 100 each to financial institutions. These debentures are redeemable in instalments at a premium of 5% at the end of 7 years from the date of allotment starting from 3rd June, 1993.
- During December 1986 - January 1987, the Comp. offered to its resident Indian equity shareholders as rights 2,39,652-15% convertible debentures of Rs 152 each for Rs 3,64,27,104 in the proportion 4 debentures for every 25 No. of equity shares held [fractions ignoreds]. Permission was also obtained to retain 25% of issue in case of oversubscription. Only 2,01,097 debentures was taken up. Applications were also invited from public & private parties & 42,978 debentures were allotted to this category.
- 11,980-10% convertible debentures of Rs 152 each for Rs 18,20,960 were offered to employees [including Indian working directorss]/workers of the Comp. on equitable basis. Only 1,572 debentures only taken up. The remaining 10,408 debentures were allowed to lapse.
- Rs 52 out of face value of each debenture was to be compulsorily converted into 4 equity shares of Rs 10 each at a premium of Rs 3 per share at the end of 6 months from the date of allotment. The remaining non-convertible portion of Rs 100 out of face value of each debenture was to redeemed in full at par on the expiry of 7 years from the date of allotment of debentures. The conversion of debentures took place on 15th October, 1987.
- No convertible debenture was to be issued to International Computers Ltd., U.K., which held 40% of Company equity share capital. The company allotted 6,55,058 No. of equity shares of Rs 10 each at a premium of Rs 3 per share for cash to International Computers Ltd., U.K.
- 9,82,588 shares issued in conversion of debentures [Prem. Rs 3 per sharess]. 6,55,058 shares allotted to ICL, U.K. [prem. Rs 3 per shares].
1987
- During January, DRS - 300 a state-of-the-Company introduced main frame Series-39 computers based on 5th generation VLS technology incorporating VMC operating schemes.
1988
- Macro Software Pvt. Ltd., became a subsidiary of Company.
1989
- The Comp. introduced the PC range. The Comp. entered into the prime UNIX PC market during the year.
- The Comp. introduced Krypton series of machines based on Motorola 68030, in association with Integrated Micro Products, Ltd., U.K.
- The Comp. offered during February, 3,47,562-12.5% secured fully convertible debentures of Rs 170 each for an aggregate value of Rs 590.86 lakhs. Out of total issue, 3,31,012 debentures were offered to the equity shareholders of Comp. on rights basis in the proportion of 2 debentures for every 25 equity shares held & the balance of 16,550 debentures were offered to the employees [including working directorss]/workers of Company.
- Out of rights portion, 2,60,097 debentures were taken up by the shareholders & the balance of 70,915 debentures were issued and allotted by directors to other persons. Out of employees' quota, only 80 debentures were taken up & the unsubscribed portion of the employees' quota was allowed to lapse.
- Pursuant to the term of issue of debentures, a portion of Rs 85 of each debenture was converted into 5 fully paid-up equity share of Rs 10 each at a premium of Rs 7 per shares with effect from 7th October 1989.
- The balance of Rs 85 of each debenture was converted into 8.5 equity shares of Rs 10 each for cash at par on 23.11.1990. Accordingly 28,14,282 shares were allotted.
- 16,55,460 No. of equity shares issued in conversion of debentures [prem. Rs 7 per shares] as on 7.10.1989.
1992
- The Comp. entered into the reprographics business of photocopies and fax machines which received good market response.
- The Comp. offered 2,16,925-12.5% secured partly convertible debentures of Rs 275 each. Out of total issue, 2,06,595 debentures were offered to the shareholders of Comp. on rights basis in proportion 1 debenture for every 25 equity shares held [all were taken ups] & the balance 10,330 debentures were offered & issued to the employees on an equitable basis. [Only 110 debentures were taken ups].
- Another 2,75,607 No. of Equity shares were allotted to ICL U.K. to maintain their holdings of 40%.
- Part `A' is the convertible portion of Rs 100 of face value of the debentures. Rs 20 out of Rs 100 will be converted into two equity shares of Rs 10 each within six months from the date of allotment. [Accordingly 4,13,410 shares were allotteds]. Balance of Rs 80 per debenture was to be converted into five equity shares of Rs 10 at a premium of Rs 6 per shares. However, the conversion was optional. Those who opted out of conversion their debenture portion was to be redeemed. Accordingly 10,01,920 shares were allotted on 19th October, 1994.
- Part `B' Non-convertible portion of Rs 175 was to be redeemed at part on the expiry of 10 years from the date of allotment.
- Another 90,200 & 6,30,423 shares were allotted to ICL U.K. limited to maintain their holdings of 40%.
1993
- The Comp. launched the ICL range of Ergolite PCs & new desktop range of DRS 6000s.
- The Comp. entered into a technical collaboration agreement with Fijitsu, Japan for manufacture of heavy duty, high speed line printers in India.
- The Comp. had set up a joint venture in the name of RPG Ricoh Ltd. With equity participation from RICOH Japan & ICIM to give prominence to the reprographics business of photocopiers & fax machines.
- During November-December, 46,48,203, No. of Equity shares offered to the existing shareholders in proportion of 1.2 at a premium of Rs 6 per shares. [All were taken ups].
- 2,32,412 shares at a prem. of Rs 6 were offered to the employees. [Only 18,800 shares were taken ups].
- Another 12,533 shares [prem. Rs 6s] were allotted to ICL U.K. limited to maintain their holdings of 40%.
- 46,79,536 No. of equity shares [prem. Rs 6s] issued to shareholders.
1994
- The Comp. had set up a joint venture Comp. in name of Fujitsu ICIM Software Technologies with 30% equity participation & 70% by `Fujitsu' in Sydney [Australias] in order to market & support software and services for FUJITSU International Group Companies.
- The Name of Comp. was changed to Fujitsu ICIM Limited with effect from 16th July.
- 17,22,543 shares allotted on conversion of Part `B' of 12.5% debentures. 17,44,276 shares allotted to foreing collaborator at a premium of Rs 19 per share. 2,00,000 pref. shares issued during the year.
1995
- With a view to improve overall working the Comp. proposed to introduce Fujitsu range of products, & undertake a variety of new business opportunities including multi vendor maintenance, facilities management & diagnostic & help desk support.
- The Comp. planned to improve its main product line & introduce a new product line of communication & distributed network system through high speed 'Open System' LAN [Local Area Networking Technologys] which was to complement the PC & 101.
- The Comp. proposed to restructure & reorganise the Comp. and its operations. It was also proposed, subject to necessary approvals being obtained to transfer the company software business to International Computers [Indias] Ltd., a wholly owned subsidiary.
1997
- The Comp. successfully placed 25.1% of its equity holding in ICIL with JF Electric [Mauritiuss] Ltd.
- Jardine Fleming is understood to be conducted the due diligence for picking up a 25 per cent stake in Fujitsu ICIM 100 per cent software subsidiary, International Computers India limited [ICILs].
1998
- Fujitsu ICIM limited has been removed from the rating watch by Crisil. The rating factors in the spin-off of company software business to a subsidiary Comp. & dilution of equity stake.
1999
- Fujitsu also has plans to set up a 100 per cent subsidiary in India in the coming days.
- RPG group & Fujitsu are in agreement for sale of SES division to Accel.
2001
- The Comp. has approved the merger of Zensar Technologies Ltd with the company. One equity share of Comp. will be allotted for every one share of ZTL held.
2002
-Ties up with Cisco,Australian & Fujitsu, Japanese Comp. for setting up offshore development centres at its Pune facility .
-Mr T J Gibson, resigns from the Directorship & Vice-Chairmanship of company.
-Appoints Mr Tim Escudier as the Director & Vice Chairman of company.
-Partners with a US based technology consulting firm to offer high-quality, cost competitive offshore outsourcing platforms for financial institutions in global markets.
2003
-Signs a 50:50 Joint venture with Asia Logistics Technologies.
-Mr. R A Chamberlain, Director has resigned with effect from November 20, 2003.
2004
-Zensar Technologies ties up with 6 overseas cos
-Zensar Technologies Limited has informed that they have received intimation from Blue Niles Holdings Limited in respect of their purchase of 11,95,600 equity shares aggregating to 5.13% of issued capital of Zensar Technologies Limited.
-Zensar inks pact with PeopleSoft`
- Forms joint venture with a Chinese software firm in Shenzhen
- Ties up with the risk management subsidiary of $85 billion KeyBank, Capital and Risk Consulting [CRCs] Group to offer comprehensive solution for Basel II implementation services
2005
-Zensar Technologies signs SPA for acquiring equity share capital of OBT Global
-Zensar Technologies has acquired a US company, OBT Global
2008
-Zensar Technologies Ltd has appointed Mr. Venkatesh Kasturirangan as Director of Company.
