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Datapro Information Technology Ltd.

BSE: 517473 Sector: Others
NSE: DATAPROINF ISIN Code: INE873A01020
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
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Datapro Information Technology Ltd. (DATAPROINF) - Company History

The company was incorporated on 27 Jun.'89 and went public in 1993. It was promoted by Datapro Electronics, flagship of the Datapro group. The company is setting up an E Mail network at eight centres to provide remote service units at 22 locations in India, in addition to international connections through VSNL. E-Mail service, a new means of business communication has certain distinct advantages over the existing media, namely telex, fax and courier services by way of cost advantages, reliability, accuracy and maintainenence of confidentiality. The company came out with a public issue in Jul.'94 to meet the cost of the project. The E-Mail project has been commissioned in 1994-95 after a delay of seven months. Reputed multi-nationals are signing MoUs with the company for accessing E-Mail through its network spread all over India. The E-Mail service is offered under the XEE MAIL brand name. Company is intending to provide internet Services as soon as the policy guidelines are cleared by the Goverment. Company making all efforts to enhance the business and reduce costs. Efforts are also being made to increase the number of users and application for the E-Mail Products. Company implementing cost cutting which results to reduced the Loss. Company has made good business headway and has been achieving the targets as fixed at the start of year. In its efforts to make its forey in Internet based services, the company has negotiated and entered into strategic alliance with the SRG Group. Company is confident to achieve the future target by having strong infrastructure and netword base. During the year 1999-2000, company's gross receipt were Rs.1280 lakhs showing an increase of 55.61% over the last year.The company ventured into a whole gamut of E-commerce Services, such as web hosting, web-development, domain name registration, networking solutions, web securities etc.This has not only given a new direction to the company, but also improved the bottomline of the company, which is reflected in the final accounts of the company. During the year 2000, the company has entered into a tri-partite agreement with CDSL for trading of company's share in the Demat form.Later during the year, the company has also signed a similar tri-partite agreement with NSDL. During the year, the directors of the company have decided to split the nominal value of the Equity Shares of the company from Rs.10/- per share to Rs.2/- per share.The directors have recommend the same for the necessary approval of members at the ensuing AGM of the company.The company envisages an ambitious plan to expand into Internet based services. Besides this B2B & B2C Portal/Vortal are prominantly present on the agenda.

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