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Cyient Ltd.

BSE: 532175 Sector: IT
NSE: CYIENT ISIN Code: INE136B01020
BSE LIVE 15:40 | 02 Dec 494.55 2.15
(0.44%)
OPEN

492.85

HIGH

497.30

LOW

491.25

NSE LIVE 15:41 | 02 Dec 493.20 0.70
(0.14%)
OPEN

489.25

HIGH

497.00

LOW

488.50

OPEN 492.85
PREVIOUS CLOSE 492.40
VOLUME 207392
52-Week high 555.00
52-Week low 370.50
P/E 16.82
Mkt Cap.(Rs cr) 5565.67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 492.85
CLOSE 492.40
VOLUME 207392
52-Week high 555.00
52-Week low 370.50
P/E 16.82
Mkt Cap.(Rs cr) 5565.67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cyient Ltd. (CYIENT) - Company History

Cyient Ltd (formerly Known as Infotech Enterprises Ltd) a CMMi level 5 company is one of the global provider of Engineering Manufacturing Data analytics networks and operation solutions. The company has a network of more than 12600 associates across 38 global solutions and specializes in Engineering Design Electronics Manufacturing & Precision Machining Aftermarket services Network Engineering and Solution Designs System Development and Integration Service Assurance & Maintenance Geospatial Solutions Big Data Consulting IOT/MSM and Advanced Analytics. Cyient provides solutions for 12+ industries including aerospace rail transportation medical communications energy utilities oil and gas mining heavy equipment semiconductor and consumer. The company has their headquarters and development facilities in India at Hyderabad Bangalore and Noida and serves a global customer base through their subsidiaries in USA UK Germany and branches at Australia Singapore and Dubai.The company was incorporated in the year 1991 as a public limited company. In April 1997 the company acquired SRG Infotech a software company which provided services in oracle and visual basic client server environments.In January 1999 the company entered into an agreement with Navionics Italy for digitization and Conversion services. In July 1999 they established a wholly owned subsidiary namely Infotech Software Solutions Inc in USA which is engaged in the business of supplying computer software and related services. In September 1999 they acquired Cartograpic Sciences Pvt Ltd Mumbai from Analytical Surveys Inc USA and in April 2000 Cartograpic Sciences merged with company.In May 2000 the company entered into a Master Services Agreement with Pratt & Whitney a division of UTC group and in April 2001 the company acquired European GIS distributor Map Centric a leading independent GIS distributor in Europe.In September 2003 the company incorporated Infotech Aerospace Services Inc a wholly owned subsidiary in Puerto Rico for providing engineering design services and also they signed a long term outsourcing contract with Bombarder Transportation for providing Engineering Services in India. They acquired VARGIS a US based GIS Services Company through their wholly-owned subsidiary Infotech Software Solutions Inc USA.In March 2005 the company acquired Tele Atlas India Pvt Ltd and also entered into a long-term service agreement with Tele Atlas NV. They opened their branch offices in Singapore and Australia to provide services to growing number of clients in Asia Pacific region.In May 2005 the company inaugurated Geospatial production facility at Frostburg Maryland USA in collaboration with Frostburg State University Allegancy Country and state of Maryland USA. They have also set up a new office at Rockford Illinois USA which shall cater to the needs of After Market Services in the engineering design space.In February 2007 the company set up a development center at Kakinada in Andhra Pradesh. During the year 2007-08 the company acquired 74% stake in Geospatial Integrated Solutions Pvt Ltd and they become a subsidiary of the company which was renamed as Infotech Geospatial (India) Ltd. Also they established Infotech HAL Ltd a 50:50 joint venture with Hindustan Aeronautics Ltd to focus on aeroengines technical publications and anticipated work from various OEMs under offset programmes.The company has figured among the '200 Best under a Bullion' listed in the Forbes Asia. Also the company was rated as one of the top 100 global outsourcing companies in the year 2007 by International Association of Outsourcing Professionals.In May 2008 the company bagged 3 year GIS/ Data Management contract from Powercor Australia & CitiPower Limited. The company set up a marketing and liaison office in Japan in August 2008 and inaugurated a new facility at NOIDA on September 22 2008.In October 2008 the company acquired 100% stake in TTM India Pvt. Ltd and signed a new long term contract with Bombardier Transportation to provide engineering electronic design technical publications and IT-related services to Bombardier Transportation divisions worldwide. In the same month the company incorporated a wholly owned subsidiary namely Infotech Enterprises Engineering Services Pvt Ltd in Andhra Pradesh.During January 2010 the company acquired Daxcon Engineering Inc. USA and also acquired Wellso inc; USA in August 2010.During 2011 IGIL (Infotech Geospatial India Ltd) became a wholly-owned subsidiary of the company.During October 2012 the company set up branch in South Korea.In January 2013 the company inaugurated new development center in SEZ in Kakinada. The company also set up branch in Taiwan and South Africa in September and November respectively.In March 2014 the company announced the acquisition of Softential Inc. Softential brings significant domain expertise track record and referenceable customers for service management and service assurance solutions. This acquisition aligns well with our strategy of leveraging our network engineering capability to expand into the areas of operational support and managed services for the communications industry.On 7 May 2014 Cyient Limited formerly known as Infotech Enterprises Limited officially announced its new name based on approval from a shareholders' vote. The process of determining the new identity bearing connotations to the words client and science while ient referencing Infotech Enterprises involved various brand specialistsIn July 2014 the company inaugurated the State-of-the-art Experience Center in Hyderabad India.During September 2014 the company opened the Dallas Engineering Center and also strenghtened aerospace and defence capabilities. During 2015 the company opened delivery Centers in Taiwan to addressess mature semiconductor market.

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