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California Software Company Ltd.

BSE: 532386 Sector: IT
NSE: CALSOFT ISIN Code: INE526B01014
BSE LIVE 15:40 | 17 Aug 5.90 5.90
(%)
OPEN

6.00

HIGH

6.38

LOW

5.84

NSE 15:31 | 17 Aug 5.95 0.10
(1.71%)
OPEN

6.00

HIGH

6.00

LOW

5.85

OPEN 6.00
PREVIOUS CLOSE 0.00
VOLUME 10416
52-Week high 10.10
52-Week low 5.50
P/E 3.78
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.00
CLOSE 0.00
VOLUME 10416
52-Week high 10.10
52-Week low 5.50
P/E 3.78
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

California Software Company Ltd. (CALSOFT) - Company History

California Software Company (CSCL) was incorporated in Feb.'92 to develop and export software. The company promoted by S Santhosh, T R Sahasranamam and their associates is a joint venture with equity participation from Chemoil Corporation, US (49% stake through its subsidiary Kemoil, Hongkong), a Forbes 400 company and a bunkering major. Chemoil assists the company in marketing, equipment sourcing, etc. CSCL has set up a 100% export-oriented software technology park at Madras, which commenced commercial operations in Oct.'92. It comes under the Software Technology Park, Bangalore, which monitors its activities. CSCL commenced operations by managing the MIS services for the Chemoil Group of companies, spread over San Francisco, Los Angeles, Houston, New Orleans, Panama, Singapore, Venezuela, Philippines and Denmark. It then expanded its clientele to include Technical Solutions, Act International, International Micro Computer Software, Delta Airlines, etc. In 1994, it took a wholly dedicated 64 KB satellite link between Chennai and San Francisco, to undertake more projects from clients in the US. CSCL has also set up its own world wide web server on the internet to market and distribute software at a low cost. In Feb.'96, it came out with a public issue to part-finance the expansion of facilities at Madras; set up new facilities at Bangalore and add new facilities to its proposed 100% subsidiary -- CSWL, US. It has also set up a non-trading office in U.K to cover the European market. During 1999-2000, the company has setup a new software development centre at Chennai. The company had signed an MOU during September 2004,for acquiring upto 51% equity of the well known system integrator,Team Frontline Pvt Ltd. The company has signed an MOU during december 2004,with Web Spectrum Pvt.Ltd to acquire the entire 100% equity of Web Spectrum Pvt.Ltd which is a bangalore based unlisted company. The company has opened a branch office in the United Arab Emirates during February 2005.The new office will address the needs of the Middle East and Africa markets.