Aurionpro Solutions Ltd

Aurionpro Solutions Ltd

Aurionpro Solutions Ltd is a global technology solutions leader that helps clients accelerate digital innovation securely and efficiently. The Company is engaged in providing solutions in Corporate Banking Treasury Fraud Prevention and risk management Internet Banking Governance and Compliance. The Company is a leading provider of intellectual property led Information Technology Solutions for the banking and financial service insurance segments. The Company also provides self-service technologies which enables financial institutions utilities telecom and government organizations to migrate automate and manage customer facing business process to self service channels. The Company is organized into three primary business lines comprising of Cybersecurity Digital Innovation and Banking Industry Solutions.The company's dealPro is a Web-based online trading and distribution application built on an open technology platform. dealPro primarily caters to banks non-banking financial companies mutual funds insurance companies corporate treasuries and other financial institutions. Their payments solution enables financial institutions to streamline and accelerate payments across a range of networks and channels including automated clearing house Check 21 card processing/associations and mobile payments. Cash management provides products and services such as iCashPro collectPro divPro PDCPro mandatePro and currency chest management system to fit the needs of corporate clients. Financial supply chain management provides end-to-end management of the entire working capital management systemAurionpro Solutions Ltd was incorporated on October 31 1997 as a private limited company with the name Value Added Information Distribution Services Pvt Ltd. The company launched their first product for BFSI sector. In the year 1998 they developed offshore delivery model with development projects from Singapore and USA. In the year 1999 they executed their first order in banking. In the year 2000 the company laid foundation for CashPro with development of payment system for an large Indian bank. In the year 2001 they launched DivPro dividend warrant processing system. In April 30 2001 the name of the company was changed to VAIDS Technologies Pvt Ltd as VAIDS is the acronym of Value Added Information Distribution Services. In the year 2002 the company entered strategic partnership with Cyberlog Technologies Singapore IT partner for BDP Asia Pacific. Also they acquired additional key banking Clients in India. In the year 2003 the company entered strategic partnership with Aurionpro Services Pvt Ltd. They acquired Aurionpro Solutions Pte Ltd and extended their presence to Singapore. Also they entered marketing and sales partnerships in Asia. In September 18 2003 the name of the company was changed to Aurionpro Solutions Pvt Ltd in order to reflect Domain-based Solutions. In the year 2004 the company launched CashPro an integrated cash management product and BoursePro a treasury simulator product. They acquired Treasury product CSGL. They expanded their operations in USA by acquiring Agile Solutions LLC USA along with their clients. Also they acquired initial BFSI clients in Middle East and South East Asia. In the year 2005 the company received significant order from one of the largest banks in Asia Pacific. Also they acquired five new clients from UK and USA. In March 9 2005 the company was converted into public limited company and the name was changed to Aurionpro Solutions Ltd.During the year 2007-08 the company launched three new products year namely dealPro E2E order Routing/ Management Server and NostoRecon. They acquired two companies along with their subsidiaries namely E2E Infotech Ltd UK E2E Infotech Pvt Ltd Integro Technologies Pte Ltd Singapore and Integro Technologies SDN BHD Malaysia. They set up a branch office at Manila Philippines and representative offices at Bangkok Thailand and Jakarta Indonesia.During the year the company incorporated Aurionpro Solutions (Hong Kong) Ltd Hong Kong to expand their core business. They ventured into the business of NBFC and Insurance by incorporating wholly owned subsidiary namely Aurofidel Outsourcing Pvt Ltd. Also for the acquisition of SENA Systems Inc USA the company incorporated two subsidiaries in the USA namely Aurionpro I Acquisition Corporation and Aurionpro II Acquisition Corporation. Also Aurionpro Services Pvt Ltd was amalgamated with the company.During the year 2008-09 the company entered into a joint venture with IP Commerce to build payment enabled applications tailored to the needs of small and medium businesses in the US. Also two subsidiaries namely Coban Corporation USA and SPS Corporation USA got merged into Aurionpro Solutions Inc USA with effect from April 1 2009.During the year 2009-10 the company expanded their product range into the supply chain space by entering into an agreement with Arshiya International's technology subsidiary to acquire marketing rights along with all existing customers and hosting infrastructure of Cyberlog technologies in an all cash deal. The company through their wholly owned subsidiary E2E Infotech Ltd entered into a global partner agreement with Cameron Tec the financial industry's leading provider of FIX infrastructure and connectivity solutions.During the year the company incorporated two new subsidiaries namely Aurionpro Solutions PTY Ltd Australia and Aurionpro SCM Pte Ltd Singapore. Silicon Tech Corporation USA was amalgamated with Aurionpro Solutions Inc USA with effect from April 1 2010. Also SENA Systems Inc USA entered into an agreement with AurionPro Solutions Inc USA whereby the entire business and undertaking thereof was merged with AurionPro Solutions Inc with effect from July 1 2010. During FY 2010-11 Both Silicon Tech Corp USA and SENA Systems Inc USA were merged with Aurionpro Solutions Inc USA with effect from April 01 2010 and July 01 2010 respectively. Further pursuant to order of the Bombay High Court dated June 10 2011 E2E Infotech (India) Pvt Ltd and Kairoleaf Analytic Pvt Ltd got merged with AurionPro Solutions Ltd.During FY 2012-13 as per the Hon'ble Bombay High Court Order dated April 18 2013 Seeinfobiz Pvt. Ltd. (the Transferer Company) was merged with the Company through the Scheme of Amalgamation which was made effective from May 22 2013 with the Appointed Date as April 1 2012. Accordingly the assets and liabilities of the Transferer Company got transferred to and vested with the Company with effect from April 1 2012. Pursuant to High Court Order dated 18 April 2013 on amalgamation of Seeinfobiz Private Limited with Aurionpro Solutions Limited and vide Board Resolution dated 27 August 2013 the Company allotted 400000 equity shares of Rs 10 each to the Equity Shareholders of Merged Company Seeinfobiz Private Limited.Pursuant to Order dated July 27 2018 the Hon'ble National Company Law Tribunal Mumbai (NCLT) sanctioned Scheme of Demerger of certain non-core businesses of Aurionpro Solutions Limited (Demerged Company including Interactive Customer Communication (Interact DX) and Supply Chain Solutions (Logistics) were demerged and transferred into Trejhara Solutions Ltd (Resulting Company) a wholly owned subsidiary of Demerged Company. The Appointed Date for Scheme was March 31 2017. Accordingly all the operations of 'Demerged Undertaking' including assets and liabilities were transferred to Trejhara Solutions Limited which became effective on August 2 2018.During financial year 2018-19 Aurionpro signed a deal to acquire SC Soft Pte. Ltd a Singapore Headquartered AFSC provider which has positioned Aurionpro as the market leader having both software and hardware solutions required for the AFSC Solutions. Recently SC soft has launched a spate of new products in UITP at Stockholm.During the year 2018-19 Aurionpro Solutions Pte Ltd. a wholly owned subsidiary of Aurionpro Solutions Limited has entered into an agreement for acquisition of majority stake (51%) in SC Soft Pte. Ltd. (SC Soft) a Singapore headquartered Automated Fare Collection (AFC) and smart city solution provider.During the Year 2021-22 the Company launched its own payment platform. For this purpose the Company has incorporated two wholly owned subsidiaries namely Aurionpro Payment Solutions Pte. Ltd. Singapore (through Aurionpro Solutions Pte Ltd a wholly owned subsidiary) and Aurionpro Payment Solutions Pvt Ltd India. It formed subsidiary Aurionpro Transit Solutions Private Limited in India. In order to bring full integration in AFC business the Company has entered into share purchase Agreement for acquisition of majority (51%) stake in Toshi Automatic Systems Private Limited (TASPL) for consideration of Rs 14 Crore. Till date of this report the Company has acquired 34.94% stake in TASPL. To expand smart mobility business into North America the Company through it's subsidiary SCSOFT Pte. Ltd. had acquired 100% stake in Canada based company namely SCSOFT Inc.