History of Hexaware Technologies Ltd.
1992
- The Comp. was incorporated on 20th November as a public limited Company under the name `Aptech Information Systems Ltd'. The Company was promoted by Atul K. Nishar, Dr. [Mrs.s] Alka Nishar & Dr. K. K. Anand. The Comp. is engaged in the business of imparting education in information technology & providing consultancy services.
- As per the scheme of Arrangement and Reconstruction between Apple Finance limited & the Comp. the erstwhile Information Technology division of Apple Finance limited was transferred to the Comp. with effect from 1st July 1995.
- As per the scheme, the shareholders of Apple Finance limited were allotted shares of Comp. without any cost in the ratio of one equity share of Rs 10 each of Comp. for every ten shares of Apple Finance Ltd.
1993
- During the year, the Comp. added two new product lines ARENA for training in computer Graphics Animation, Publishing & Multimedia and ASSET for Training engineers for software Export careers.
1996
- During the year, `Astrocity' an Edutainment site on the internet was launched with the objective of imparting training to students on `internet' & `The Information Superhighway'.
- The Comp. entered into a tie-up agreement with M/s. Forte Inc. USA to distribute the range of Forte products in India to provide systems Integrated Services to the clients all over Asia.
- The name of Comp. has changed to the present one from Aptech Information System limited effective 5th August.
1997
- The Comp. took up the activity of marketing & distribution of worldclass software products from software giants like Oracle, Sybase, Informix, Forts SCO & Congnos to tap new avenue for development.
- The Comp. entered into various alliances to further its objectives, the Indira Gandhi National Open University at Delhi, being the primary alliance partner at the national level & global giants of like of Sylvan Prometric & Macromedia uniting with the Comp. in the international arena. - The Comp. proposed to issue bonus shares to the exiting shareholders in the ratio of 1:1.
- Aptech is to set up its subsidiary in the US shortly. To be called Aptech Worldwide Ltd, the American arm will establish information technology training centres in the American region.
- Aptech, in conjunction with its group company, Hexaware InfoSystems, has also set up base in South-East Asia through a joint venture in Malaysia.
- The Comp. has set up training centres in Sharjah, Abu Dhabi, Muscat, Doha & Sharjah.
- Aptech holds about 70 per cent stake in the joint venture whose equity base is about $1 million. - Aptech Limited executed an agreement with National Securities Depository Limited [NSDLs] for equity shares of company. Under the agreement, the shareholders who are desirous of dematerialising their share certificates can now surrender their share certificates to any depository participant.
- Aptech Ltd, a leading global information technology company, has received the prestigious Global growth Comp. award from the World Economic Forum.
1998
- Malaysian joint venture that Aptech is participating in is to set up its second training centre in that country. Further, Aptech is awaiting the final permission before it can set up its US subsidiary.
- Apple Computer Inc., carries out its Indian operations through its wholly-owned subsidiary, Apple Computer International Ltd.
- Aptech limited has entered into a collaboration with TACK Training International, UK, to offer TACK training services to the Indian corporates.
1999
- Aptech Ltd, the information technology training company, has entered into a collaboration with Regents College of United States to provide computer technology career course to facilitate students access degrees from the College which is headquartered in New York.
- Computer education major Aptech limited is to set up 150 computer education centers in 40 countries.
- Aptech Ltd, the computer education company, is to form a joint venture in China to tap the vast education & training potential in the region.
- Computer education & software firm Aptech limited & Wipro Net Ltd. and a subsidiary of International Business Machines Corp are forming an alliance in the area of online education.
2000
- The company education portal, Onlinevarsity.com, had signed a partnership arrangement with Jobstreet.com, an Asian online employment agency.
- Aptech limited has launched a new curriculum for its e-ACCP [Aptech Certified Computer Professionals] programme.
- BConnectB Worldwide Ltd., the business-to-business [B2Bs] subsidiary of Aptech Ltd., launched 'ISearchCenter.com' which would provide Net-based research services.
- The Comp. is proposing to access international capital markets to raise funds to become global information technology major. - Aptech Ltd its American subsidiary has got an order from a Fortune 500 US Comp. to develop software using the wireless application protocol.
- Aptech will list its Global Depository Receipts on the London Stock Exchange.
- Aptech has tied up with a Canadian educational portal [skillsforyou.coms] for some of its sales, marketing & personality development courses.
- Health Total, a corporate providing health programmes that take care of the needs of Executives & professionals without infringing on their valuable time, has tied up with Aptech to assist its employees to attain optimum health.
- Computer training & services major Aptech Global Depository Receipt [GDRs] issue has been priced at $14.29 for a share.
- The Comp. has determined to issue & offer 1,20,20,906 GDSs [including greenshoe options] at $7.175 each, aggregating $86.25 millions, in accordance with the approval obtained from the members of the company.
- The Comp. had launched Internet access service through a wholly-owned subsidiary & hoped to have a subscriber base of 150,000 within a year.
- Aptech Internet, a 100 per cent subsidiary of Rs 1,500-crore Aptech group, is venturing into the Internet service provider market under the brand name Tring Tring.
- The Comp. has acquired Specsoft Consulting Inc. of USA for a consideration of about $10 million. - Aptech Internet, a wholly owned subsidiary of computer software and training Comp. Aptech, has launched an internet service provider under the brand TringTring.
- The Comp. would be ready for converting its GDS into ADR, or go for a listing on the technology-heavy Nasdaq, by mid-2001.
- SteelRX Corporation, a B2B steel portal, has signed an MoU with BconnectB.com Worldwide Ltd., a wholly owned subsidiary of Aptech Ltd., for providing ASP services to its members.
- Onlinevarsity.com, a division of Aptech, & TA Pai Management Institute, Manipal, have launched an online post graduate diploma in management programme.
- The paid up Equity Share Capital has gone up from Rs. 1250.96 lacs to Rs. 3030.07 lacs due to allotment of Bonus Shares in the ratio of 1:1 on 16th June, 2000 & issue of further 52,26,481 Equity Shares in the form of GDR on 28th July.
- Aptech Ltd major expansion in China where its 50:50 joint venture with the Chinese government -- Aptech Beijing Beida Jadebird Comp. is set to expand its network of software education & trining to 75 centres across China by end of current year.
- Aptech Internet ISP, Tring Tring, has tied up with three companies for sponsoring its specially developed home Net training programmes.
- Asset International, Aptech Ltd. high-end technology training arm, has tied up with Australian IT Careers Institute to provide an e-commerce course at a global level. It launched its e-commerce course ecom@assetver.2 in the City of Calcutta.
- Aptech has entered into a strategic alliance with Powerlan, Australia largest publicly-listed IT&T services company, to launch an international IT course for students looking for employment opportunities abroad.
- Aptech Internet, the 100 per cent subsidiary of Aptech Group, has launched its person-to-person site, an answer engine which offers both advisory & remote services.
2001
- Aptech Limited & GlobalCommerce have signed a comprehensive MoU that covers providing solutions to financial institutions in Indian and Asia-Pacific regions using the GlobalCommerce products & technologies such as TradeServer & CERTH.
- Aptech has signed up Deloitte Haskins and Sells to value its software business which is proposed to be spun-off & merged with US software company Hexaware technologies.
- Arena Multimedia, an arm of Aptech limited is offering a new course called `Triple Certificate in Multimedia, Web Engineering & Media Convergence'.
- Aptech Online Ltd., Aptech Ltd wholly-wned subsidiary, has introduced an online quality management training course in collaboration with Qimpro College on its Web site www.onlinevarsity.com.
- Arena Multimedia, the multimedia training & education arm of Aptech Ltd., proposes to set up Arena Animation Academies in Hyderabad, Chennai & New Delhi in the current year.
- Aptech Computer Education is offering the new eACCP 2002 course to students.
- Aptech Ltd has entered into an alliance with Pasona Tech, apan, to address the IT consulting market in Japan.
-Microsoft & Aptech Ltd have entered into an alliance under which the former will establish a Centre of Excellence [CoEs] at the computer education major.
2002
-Arena Multimedia unveils its 3 years career course named 'Arena Multimedia Specialist Programme'.
-Ties up with Deutsche Leasing AG, Bad Hombury Germany to assist in restructuring & modernization of their European IT operation which is worth Rs.110 crores.
2003
-Signs a long term strategic alliance with Temenos, who are the leaders in banking products & software systems.
-Board approves for allotment of shares to Employee Stock Option Trust.
-PeopleSoft forges a Build, Operate & Transfer[BOTs] deal with a view to commission a service centre in Bangalore.
-Wins a multi-million dollar assignment with US leading manufacturer to provide HR solutions to the customers.
-The Comp. has sold its entire stake in US-based Mentorix Technologies, to Lionbridge Technologies for $7.5 million
-Entered into a partnership with IBM- Rational to develop competencies in Rational technologies & methodologies.
2004
-Hexaware Technologies unveils European Development Center at Bad Homburg, Germany
-Hexaware Technologies Ltd has bagged a deal with Lufthansa Systems, for providing maintenance services to its check-in, inventory & ticketing applications
2005
-Hexaware Technologies wins large order with a global insurance Comp. based in UK
-Hexaware receives contracts from two major US based global corporations
-Hexaware Technologies wins 2 contracts worth $ 5 mn in Independent Testing Services
2006
-Hexaware Selects Fluensee as Partner for RFID-Enabled Asset Tracking Solutions.
2007
-Hexaware Technologies Ltd has been appointed Ms. Preeti Mehta [Non-executive and Independent Directors] as Additional Director on the Board of Comp. w.e.f. March 23, 2007.
-Hexaware Technologies Ltd, on June 11, 2007 has announced that it has been selected by a major System Integrator in Japan to develop a core bespoke application for IT modernization of Postal department of South East Asian country.
- Hexaware Technologies Ltd has informed that Mr. S K Mitra has been appointed as an Additional Director on the Board of Company.
2008
-Hexaware Technologies Ltd has informed that Mr. Bharat Shah has been appointed as an Additional Director of Company, by Board of Directors at its meeting held on July 29, 2008 in the capacity of an Independent Director.
