You are here » Home » Companies » Company Overview » Ace Software Exports Ltd

Ace Software Exports Ltd.

BSE: 531525 Sector: IT
NSE: N.A. ISIN Code: INE849B01010
BSE LIVE 15:40 | 05 Dec 20.45 0.65
(3.28%)
OPEN

20.40

HIGH

20.75

LOW

20.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 20.40
PREVIOUS CLOSE 19.80
VOLUME 3650
52-Week high 22.40
52-Week low 12.00
P/E 8.81
Mkt Cap.(Rs cr) 9.57
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 20.40
CLOSE 19.80
VOLUME 3650
52-Week high 22.40
52-Week low 12.00
P/E 8.81
Mkt Cap.(Rs cr) 9.57
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ace Software Exports Ltd. (ACESOFTEXP) - Company History

Ace Software Exports was incorporated in Aug.'94 as a public limited company by Sanjay Dhamsania, Vikram Sanghani and Jay Sanghani. The promoters were engaged in the business of database creation since Oct.'92 under the partnership firm -- Ace Software Exports, which was exporting 100% of its production to Apex Data Services, US, since inception. The company acquired the business of the partnership firm in Mar.'95 and signed a fresh agreement with Apex Data Services for a buy-back of 100% of the production. The company has embarked on an expansion and diversification programme which involves expansion of its existing activities to cater to the large database creation requirement of North American and European markets. The expansion programme envisages nearly a four-fold increase in the existing capacity. It also proposes to enter into value-added computer aided design (CAD) services. The project was part financed through a public issue made by the company in Jan.'96. In 1995-96, the company commenced commercial production of software. The company CAD division completed it's first project for Apex in respect of the US based MLGW (Memphis Light Gas and Water) AM/FM database. Company's Internet Web Hosting & Designing Service Division has getting good response & become a leading Web presence provider in Gujarat with more than 250 clients. Company decides to transfer this business to a Subsidiary Company namely- Ace Infoway Limited (AIL), in which company holds 80% Shares. Ace Infoway has distiction of having hosted a very prestigious site for Gujarat Higher Secondary Board for presenting results of Higher Secondary Examination conducted by the Board. Also on the anvil are two orders for Web-Sites from International Client. The CAD Division of the company has been expanded & at present company has deputed Six of its CAD personnel to the U.S. for Pilot Project in respect of next G.I.S. Contract. The company's new undertaking under the Software Technology Park Scheme located at Gandhinagar and Rajkot completed their first full year of operation .

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard