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InfoBeans Technologies Ltd.

BSE: 532560 Sector: IT
NSE: INFOBEAN ISIN Code: INE344S01016
BSE 05:30 | 01 Jan InfoBeans Technologies Ltd
NSE 00:00 | 18 Apr 75.00 0
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InfoBeans Technologies Ltd. (INFOBEAN) - Company History

InfoBeans Technologies Limited was incorporated in Madhya Pradesh as InfoBeans Software Solutions Private Limited under the provisions of the companies Act 1956 vide certificate of incorporation dated March 18 2011. Subsequently the name of the company was changed from InfoBeans Software Solutions Private Limited to InfoBeans Systems India Private Limited vide shareholders approval on December 12 2012 and fresh of incorporation dated December 7 2012 issued by Registrar of Companies. Once Again the name of the company was changed from InfoBeans Systems India Private Limited to InfoBeans Technologies Private Limited vide shareholders approval on February 28 2015 and fresh certificate of incorporation dated March 3 2015. Later the company was converted into Public Limited Company pursuant to which the name of the company was changed to InfoBeans Technologies Limited vide shareholders approval on February 28 2015 and fresh certificate of incorporation dated March 3 2015 issued by Registrar of Companies.InfoBeans System India's software development business was transferred to the company in 2012 pursuant to the scheme of demerger approved by Hon'ble High Court in Madhya Pradesh dated September 26 2012 with demerged undertaking vested with company with effect from April 1 2011. Subsequently the name of the company was changed from InfoBeans Software Solutions Private Limited to InfoBeans Systems India Private Limited. The companies Share Entitlement ratio is of 12 equity shares in resulting company of Rs.10/- and each for every 25 equity shares of Rs.10/- held by members of demerged company. In Post Demerger the company has created capital reserves of Rs.614.79 Lakhs in its books. The company is engaged in software development services real estate business and also specializing in business application development for web and mobile and also operates at Capability Maturity Model Integration (CMMI) level 3. The company service is broadly categorized as storage and virtualization Media and Publishing and e-commerce.In India the company also operates out of 2 facilities in Indore and Pune employing more than 600 people across locations. The company has established local presence in the North America market by way of 100% subsidiary which has 2 offices located in California and Georgia USA. Now the company is service partner for implementing their software.