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Airan Ltd.

BSE: 538410 Sector: IT
NSE: AIRAN ISIN Code: INE645W01026
BSE 05:30 | 01 Jan Airan Ltd
NSE 12:59 | 25 May 18.75 -0.50
(-2.60%)
OPEN

19.10

HIGH

19.45

LOW

18.50

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Airan Ltd. (AIRAN) - Company History

The company was originally incorporated as 'Airan Consultants Private Limited' in Ahmedabad on April 19 1995 under the provisions of the companies Act 1956. Later the name of the company was changed to 'Airan Private Limited' on January 4 2017 with certificate of incorporation pursuant to change of name which was issued by the Registrar of companies. Consequent up on the conversion of the company into Public Limited Company the name of the company was changed to 'Airan Limited' and a fresh certificate of incorporation dated January 18 2017 was issued by the registrar of companies.The company is engaged in the business activities of computer coaching which were started way back in 1990's. Late Shri Viswanath Bhimsen Agrawal and also the promoter Mr.Sandeep Agrawal has started computer coaching classes under a proprietorship firm namely 'Arrow Computer Systems' ('ACS') in the late 1990's. The company has started the first generation business entity with one Wipro Brand PC-XT machine having Seagate ST225 20 MB Hard Disk a 5-1/4 inch Floppy Drive for 360 KB capacity Double sided Double Density Floppy disk Monochrome Monitor and Tactile Keyboard to provide the coaching of various courses like DOS Basic dbase Lotus-123 and WordStar etc.Subsequently in the second year 1991-1992 the business turned its track to a different direction from coaching to Data processing and also in the year 1995-2000 the company has started full fledge IPO Applications processing manual clearing through computerized listing with 100% reconciliation dividend warrants listing and reconciliation refund orders listing and reconciliation for many Public Sector Bank.During the year 2001 the company got the robust growth as the private sector banks started opening up and Multinational Banks spread there wings and opened up branches across India and also the company entered into agreement with various banks like HDFC Bank Ltd UTI Bank Ltd Citibank N.A. and that was again a new turning point which put the company on to the fast track. The company also initiated Utility Bills Payment processing for various utility companies and End to End (E2E) solutions for IPO Financing scheme of Centurion Bank of Punjab both the venture both the venture diversification were proved grand success to the company in the year 2003.During the year 2004-2014 the company was appointed as sole co-ordinators for locations in Gujarat & Rajasthan state for Cash Management Services (CMS) operations of various banks including Standard Chartered Bank Deutsche Bank ICICI Bank Ltd IDBI Bank Ltd etc and also providing services related to clearing operations for Citibank NA across their 9 locations in Western India

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