History of Rolta India Ltd.
1989
- The Comp. was incorporated on 27th, June, at Mumbai, & obtained the Certificate of Commencement of Business on 5th July. Rolta India Limited [ROLTAs] has been promoted by Shri K.K. Singh a technocrat and businessman who has over two decades of experience in business. The Company is engaged in Distribution of CAD/CAM systems, manufacture of engineering workstations & net work servers, & export of software package.
- The company activities include software exports to USA, Europe and Australia, hardware maintenance & software support to large installed base of intergraph systems in India & data processing centre specialising in inter branch reconciliation operations of banks.
- The existing group of companies viz. Rolta Computer and Industries Pvt. Ltd., Rolta Leasing and Holdings Ltd., Rolta Investments limited & Rolta Consultancy Services Pvt. limited were amalgamated with Rolta India Limited on 26th October. - The Comp. entered into an agreement with Intergraph Corporation, USA, for supply of technology for manufacture of engineering work stations & net work servers.
- The Comp. undertook a project to manufacture engineering workstations & net work servers at TTC industrial area in New Mumbai.
- The Comp. set up a network of sales/marketing & support offices at 23 different locations in India. A full-fledged marketing office was also opened in Washington D.C., USA.
- The Comp. also launched a local vendor development programme to work with the local suppliers to help improve quality, productivity, tooling methods & product flexibility as necessary.
- The Rolta Group companies, namely, Rolta Investments Pvt. Ltd., Rolta Leasings & Holdings Ltd., Rolta Computers & Industries, Pvt. Ltd., and Rolta Consultancy Services Pvt. Ltd., were merged with the Company with effect from 1st August.
- The Comp. issued for every one equity share of each of the erstwhile four companies, 2 equity shares to RIPL, 2 equity share to RLHL, 30 equity shares to RCIL & 1 equity shares to RCSPL. Accordingly 1,55,37,662 No. of equity shares of Rs 10 each were allotted as fully paid-up without payment in cash to the shareholders of RIPL, RLHL, RCIL & RCSPL.
1990
- Two new entry-level workstations, namely Rolta Station 386/486, were added to the existing range of products.
- The Comp. issued 15,00,000-14% secured fully convertible debentures of Rs 100 each for cash of which 4,50,000 debentures were reserved for preferential allotment as follows:
- [is] 1,50,000 debentures to Mutual Funds;
- [iis] 75,000 debentures to employees of Company, and
- [iiis] 2,25,000 debentures to NRIs with repatriation rights. The remaining 10,50,000 debentures were offered for public subscription. Additional 2,25,000 debentures allotted to retain oversubscription [11,550 debentures to NRIs, 425 debentures to employees & 2,13,025 debentures to publics].
- As per the term of issue, part-A of Rs 60 of each debenture was converted into six equity shares of Rs 10 each at par on the date of allotment of debentures, i.e., 22nd October.
- Part-B of Rs 40 of each debenture will be converted into equity shares at a price to be deermined by CCI on the expiry of 30 months from the date of allotment of debentures. Accordingly 27,74,950 No. of equity shares allotted on conversion of debentures at a premium of Rs 30 per share.
- During August, the Comp. offered out of their holding for sale 57,50,000 No. of equity shares of Rs 10 each for cash at par as follows:
- [is] 2,87,500 shares to employees/workers of Company;
- [iis] 7,50,000 shares to NRIs on repatriation basis; and
- [iiis] 47,12,500 shares to public. All the shares were taken up entirely in each category.
1991
- Two new systems for business applications in the form of Rolta station 386B/486B were introduced. The Comp. also launched two new workstations, namely Rolta station 7400 & 6400. A modern & upto date Data conversion centre was established at Andheri, Mumbai. A direct satellite communication link was also established between the Mumbai facility & U.S. subsidiary facility at Alabama.
- The Comp. incorporated in USA a wholly owned subsidiary in the name of `Rolta International Inc' with a capital outlay of US $2 million for providing engineering software & services to its overseas customers and collaborators.
1992
- During October the Comp. issued 77,66,336 No. of equity shares of Rs 10 each at a premium of Rs 20 per share on rights basis in the proportion of 3:10. All were taken up.
1993
- A new Office Automation division was started to market full range of Intel based Computer system with suitable application packages for business & commercial applications.
- A prestigious global order was received for AM/FML utilities Management/CAD conversion project in Saudi Arabia.
- During the year, the Comp. introduced technical desk top series of power stations with Intel Pentium processor. The Comp. introduced an integrated modular transaction based on true on-line banking software called `Robust', working under the latest operating system from Microsoft viz. Windows NT. A distribution agreement was entered into with QMS, USA, for introduction of heavy duty laser printer raning from 10 PPM to 38 PPM print speeds & handling a range of paper sizes from B5 to A3.
- The Comp. had negotiated a strategic tie up with Dell Computer Corporation for distribution & support of its products in India including High and Dual QUAD Pentium Processor Servers, Webservers, Opliplex range of desk tops etc.
- The Comp. undertook to set up a joint venture in Saudi Arabia to cater to the vast markets in the Middle East.
- The Comp. issued 84,56,350 No. of equity shares at a premium of private placement basis with FIIS & others aggregating Rs 26.40 crores.
1994
- The Comp. also issued & allotted 25,00,000 zero interest secured fully convertible debentures of Rs 15 each on private placement basis. These were converted into 25,00,000 No. of equity shares of Rs 10 each at a premium of Rs 5 per share within 18 months from the date of allotment of debentures i.e. 1.7.94. Accordingly 25,00,000 shares allotted.
1995
- The Comp. entered into a collaboration agreement with M/s. Intergraph Corporation, USA, for ongoing transfer of technology thereby giving the benefit of Research & Development Investment of Intergraph and also covers all new products launched by Intergraph.
1996
- The Comp. focussed its attention on 3D plant modelling and conversion services for plant design photogrammetry, as-built visualization, etc. The Comp. undertook to augment the State-of-the-art production facilities in Mumbai for executing export orders.
1997
- 50,00,000 No. of equity shares allotted or exercise of warrants.
- The Comp. has set up a wholly owned subsidiary, Rolta International Inc. with headquarters in the USA & a subsidiary in Saudi Arabia.
- Rolta India had signed a strategic tie up with one of Fortune 500 list of most admired companies, DELL Computer Corporation.
- The Comp. is an ISO 9001 certified company.
- Rolta, is the number one Comp. dedicated to CAD/CAM/GIS Interactive Graphics. It is also a leading global supplier of AM/FM & CAD/CAM services. It was ranked amongst the top 20 computer system vendors in India by well known Computer Today Magazine.
1998
- RIL has formed a subsidiary in Amsterdam to exploit European markets.
- RIL has a collaboration with Inter graph Corp Inc, a Comp. which has 90 per cent share in the global business of CAD/CAM.
- The Comp. has entered into mapping & data conversion in a big way for the export markets.
- Rolta India has also taken up an expansion project to provide 2D/3D plant modelling & conversion of P&ID into intelligent database for plant maintenance worldwide.
- Rolta has set up three subsidiaries outside India -- Rolta International Incorporated in the US, Rolta Europe in the Netherlands and Rolta Saudi Arabia.
1999
- The Comp. has also set up a 10-member team initially to provide the services.
- Rolta, on its part, has set up engineering & software centres in Mumbai to support projects.
- The Comp. has collaborated with ALLTE, a US-based telecom company, to convert telephone exchange records into Unix/Oracle database.
- Rolta India will launch its Internet services, RoltaNet in August.
- Rolta India & Parametric Technology Corporation [PTCs] have entered into a strategic alliance to promote advanced solutions in mechanical design automation [MDAs] in the country.
2000
- Reclassification of present authorised capital of Comp. by converting the preference capital of Rs. 10,00,00,000/- into equity shares.
- The Comp. Issue equity shares on preferential basis by way of ADR/GDR/Private placement to FIs/FIIs/ Bodies Corporate/other Investors.
- The Comp. is set to roll out its `Rolta-Pass 4-in-1' Internet package at Rs 996 for 400 hours that can be shared by four individuals from different locations.
- IBM India Ltd has entered in a strategic alliance with Rolta India limited to pursue the e-business market in India, to provide customised e-business solutions to domestic customers.
2002
-Rolta is ranked amongst Forbes Global 200 best companies in 2002 & it retains its position as in premier league.
-Rolta India Ltd launches its operation in UK, through a wholly owned subsidiary Rolta UK Ltd.
-Rolta Ltd offers Rolta Tel plus - an easy to use scheme whereby users can make international calls from their regular telephone instrument.
-Rolta India informs that it is in first 250 list of Deloitte Touche Tomatsu Asia-pacific Technology Fast 500.
2003
-Rolta launches new dial-up internet packages with a range of features & options.
-Rolta India Ltd signs the memorandum of Understanding with Department of Science and Technology to jointly showcase the contribution made by Indian mapping community.
-Rolta India Ltd has featured amongst the 200 best companies, making it for third time in a row.
-Stone and Webster Engineering Projects Private Limited, ['Stone and Webster's], & Rolta have entered into a memorandum of understanding for a strategic business alliance pursuant to which Stone and Webster & Rolta Limited are to form a joint venture Comp. in India.
- Delists shares from three Stock Exchanges: as] The Stock Exchange, Ahmedabad bs] Bangalore Stock Exchange Ltd cs] The Delhi Stock Exchange Association Ltd
-Shaw Group Inc affiliate Stone and Webster Inc [Stone and Websters] & Rolta sets up Joint Venture Comp. in India
2006
-Rolta India receives BS ISO/IEC 27001:2005 certification
2007
-The Mumbai-based Rolta, a leading IT services provider, has inked a purchase agreement to buy Orion Technology, a Canadian software & integration company. Orion specialises in enterprise web-geographical information system solutions.
2007
-Rolta India Ltd on January 23, 2008 has announced the acquisition of Broech Corporation, doing business as 'TUSC', an IT Consulting Comp. specializing in ERP applications as well as Database & Business Intelligence solutions based on Oracle technologies.
2008
-Rolta India Ltd has appointed Ms. Preetha Pulusani as whole time Director designated as Joint Managing Director of Comp. from March 01, 2008.
-Rolta India Ltd has informed that the Board of Directors of Comp. at its meeting held on April 17, 2008, inter alia, has appointed Mr. V K Chopra as an Independent Director on the Board of Company.
-Mumbai: Rolta India has bought the US-based business intelligence vendor WhittmanHart Consulting.
-The Comp. has issued Bonus Shares in the Ratio of 1:1.
