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Mindteck (India) Ltd.

BSE: 517344 Sector: IT
NSE: MINDTECK ISIN Code: INE110B01017
BSE LIVE 15:40 | 20 Nov 71.05 -0.50
(-0.70%)
OPEN

73.35

HIGH

73.35

LOW

70.00

NSE 15:31 | 20 Nov 70.65 -1.05
(-1.46%)
OPEN

73.00

HIGH

73.00

LOW

69.55

OPEN 73.35
PREVIOUS CLOSE 71.55
VOLUME 3330
52-Week high 105.20
52-Week low 62.65
P/E 47.68
Mkt Cap.(Rs cr) 180
Buy Price 0.00
Buy Qty 0.00
Sell Price 71.05
Sell Qty 25.00
OPEN 73.35
CLOSE 71.55
VOLUME 3330
52-Week high 105.20
52-Week low 62.65
P/E 47.68
Mkt Cap.(Rs cr) 180
Buy Price 0.00
Buy Qty 0.00
Sell Price 71.05
Sell Qty 25.00

Mindteck (India) Ltd. (MINDTECK) - Company History

Mindteck, previously known as Hinditron was incorporated in 1991,and is been engaged in the development of Computer Software, process control, instrumentation and communication fields in India. Hinditron has been instrumental in introducing companies like Digital Equipment, Textronix and Novellus in India. Its name was change to Mindteck consequent to the acquisition of the company by Embtech Holdings, Mauritius, a subsidiary of TAIB Bank EC, Bahrain. Mindteck has built up considerable expertise in E-commerce and Embedded Systems that is clearly backed by a formidable track record of successes. Mindteck global operations are supported by a team of more than 300 professionals in USA, UK, Japan, Singapore and India. It has three offshore development centers in India located at Bangalore, Calcutta and Mumbai. In 2001 the company has merged Nicco Infotech Limited with itself after the approvals of shareholders of both the companies. The Company was awarded ISO 9001 certificate by KPMG. The Company has made a rights issue in 2001 for Rs.12.50 crores at a premium of Rs.90/- per share. The company has completed the acquisition of Infotech Holdings Inc a company which is engaged in IT software consultancy and the company has become a subsidiary from July 2001. On October 2002, pursuant to a plan of merger,Mindtech's subsidiary Infotech Holdings Inc merged with its whollyowned subsidiary Mindtech Consulting Inc which is the operating company in USA. Mindtech Consulting Inc is the surviving entity of the merger.