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Infronics Systems Ltd.

BSE: 537985 Sector: IT
NSE: N.A. ISIN Code: INE463B01036
BSE 00:00 | 30 Apr Infronics Systems Ltd
NSE 05:30 | 01 Jan Infronics Systems Ltd
OPEN 7.66
PREVIOUS CLOSE 7.66
VOLUME 10
52-Week high 8.08
52-Week low 7.02
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7.66
CLOSE 7.66
VOLUME 10
52-Week high 8.08
52-Week low 7.02
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Infronics Systems Ltd. (INFRONICSSYS) - Company History

Infronics Systems Ltd is an IT Products and Solutions company. The company is one of the fastest growing RFID technology products and services companies in India, with their unique quality in developing industry specific software & hardware solutions with proven reputation of delivering high quality solutions across broad spectrum of technologies. The core technology areas of the company are RFID and Embedded Design & Hardware Production. The company has five development centers, namely the corporate and global delivery center at Hyderabad, the embedded and hardware manufacturing unit at Hyderabad, the development center at Visakhapatnam, Europe marketing and sales center at London - UK and worldwide marketing and sales center at Delaware, New Jersey, Washington - USA. Infronics Systems Ltd was incorporated on February 21, 2000, with the name SuchInfotech Ltd. The company was rebranded as Infronics Systems to project their line of activities in Information Technology and Electronics Hardware. In October 10, 2007, the name of the company was changed from SuchInfotech Ltd to Infronics Systems Ltd. The company was initially operated in RFID, Biometrics and Mobile technology and recently the company demerged into Pure RFID Company. During the year 2009-10, the company underwent the process of reconstruction by spinning off two of their existing divisions namely Bio-matrics and e-mobile in favour of BioMoRF Systems Ltd and Mobiprise Systems Ltd respectively, and amalgamation of Instrument and Defence Technologies (India) Pvt Ltd, with Infronics Systems Ltd. In November 2010, the company bagged Aadhar (Unique ID) Project worth Rs10 crore. The company received a letter of intent from Civil Supplies Department, Government of Andhra Pradesh to undertake UIDAI (Aadhar) Enrollment of 40 lakh estimated population in Hyderabad and Srikakulam Districts together. In August 2011, the company was recognized and awarded 'Special Recognition - MSME NATIONAL AWARD 2010' for outstanding performance in MSMEs Sector. The company is planning to start Joint ventures in Korea Dubai and KSA. They plan to develop a market presence in India, Middle East, Europe, South Korea and USA. Also, they plan to establish a Global Development & Support Center, and to set up a Technology Partner Eco-system in India and abroad to support the company in hardware, software & resource augmentation, fueling their global ambitions.