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Sawaca Communication Ltd.

BSE: 531603 Sector: Others
NSE: N.A. ISIN Code: INE185B01019
BSE 05:30 | 01 Jan Sawaca Communication Ltd
NSE 05:30 | 01 Jan Sawaca Communication Ltd

Sawaca Communication Ltd. (SAWACACOMMUN) - Company History

Incorporated in Mar.'95 as a public limited company, Sawaca Communication was promoted by Satish R Shah and associates. The company started its operations in May '95 by commencing the business and communication centre at Ahmedabad. To expand its activities and diversify into other related areas, it plans to set up business and communication centres equipped with all the modern amenities at Bombay, Baroda, Ahmedabad, Surat, Rajkot and other major cities, and to import and market telecommunication products and devices including cordless telephones, desktop telephones, fax machines, fax modems, pagers, cellular telephones, accessories, etc. The company also plans to engage in software development and information technology in development of various computer systems of LAN, modem, etc. In Feb.'96, the company issued 25 lac equity shares of Rs 10 each for cash at par, aggregating Rs 250 lac to part-finance its above project.