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Onward Technologies Ltd.

BSE: 517536 Sector: IT
NSE: ONWARDTEC ISIN Code: INE229A01017
BSE 00:00 | 21 Jun 183.00 -0.60
(-0.33%)
OPEN

177.00

HIGH

187.10

LOW

177.00

NSE 00:00 | 21 Jun 185.40 1.00
(0.54%)
OPEN

179.45

HIGH

188.00

LOW

179.00

OPEN 177.00
PREVIOUS CLOSE 183.60
VOLUME 2171
52-Week high 227.90
52-Week low 48.20
P/E 23.67
Mkt Cap.(Rs cr) 300
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 177.00
CLOSE 183.60
VOLUME 2171
52-Week high 227.90
52-Week low 48.20
P/E 23.67
Mkt Cap.(Rs cr) 300
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Onward Technologies Ltd. (ONWARDTEC) - Company History

Onward Technologies a Onward group company operates in the ITES segment through its Engineering Design Services Business and in the IT software Segment through its Software Development Business.Originally it was incorporated under the name Onward Engineering Technologists Private Ltd in 1991 and represented International Leaders in M-CAD & E-CAD Technologies Viz. Autodesk SDRC Viewlogic & Chemshare for Indian Market. In 1993 it started developing software for computer controlled CNC Machines. Later in 1994 the business lines of erstwhile groupcompanies the Onward Computer Technologies Pvt Ltd.(a System Integration Company) and Onward Network Technologies Pvt Ltd.(A Network Solutions Company) were acquired to consolidate synergistic business in IT. The company was also converted into a public limited company and the name changed to the present one in the year 1994. The company has also made it's maiden public offer at a premium of Rs.40/- per share in the same year.In 1995 the company has entered into a strategic tie-up with Structural Dynamics Research Corporation being Sole distributor on al hardware platforms. The company has closed the system integration division in the year 1997 and shifted its focus to professional services and solutions business. The company tie-up with Set Point US for its process simulation software. OTL's banking group offers branch automation solutions like total branch mechanisation based on PC Lan Netware microcomputer-based advanced ledger postings with customised software etc. The company's US subsidiary Onward Technologies Inc. became operational with offices in the states of California and Utah.Onward Technologies during the year 1999-2000 has entered into a Global Partnership Agreement with Novell Inc. USA to provide E-Commerce related consultancy services to various business units of Novell Inc. especially in areas of Net Mangement Net Directory and Net Content.In the year 2000 the company has opened its Pune development centre for PSSD project. and got a large offshore simulation project order from Aspen Tech Software.In 2001 the company has set up a wholly owned subsidiary in Germany under the name Onward Technologies GmbH.The company has established 2 new Software Development Centres in the year 2002one in Pune and another in TurbeMumbai.The company has signed a new partnership agreement recently with Experia SolutionsInc. a high-end consulting company which is specialising in the areas of eSolutions.