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Sigma Solve Ltd.

BSE: 535365 Sector: IT
NSE: SIGMA ISIN Code: INE0A0S01010
BSE 05:30 | 01 Jan Sigma Solve Ltd
NSE 15:31 | 27 Jan 223.50 -4.00
(-1.76%)
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Sigma Solve Ltd. (SIGMA) - Company History

The Company was incorporated as Sigma Solve IT Tech Private Limited at Ahmedabad on April 29 2010 under provisions of Companies Act 1956 vide Certificate of Incorporation issued by the Assistant Registrar of Companies Gujarat Dadra and Nagar Haveli. Later on name of the Company was changed to Presha Software Private Limited and Certificate of Incorporation pursuant to change of name was issued by the Assistant Registrar of Companies Registrar of Companies Ahmedabad on February 18 2017. Again name of the Company changed to Sigma Solve Private Limited and Certificate of Incorporation pursuant to change of name was issued by the Registrar of Companies RoC-Ahmedabad on March 7 2019. Consequent upon the conversion of Company from Private Limited Company to Public Limited Company name of the Company was changed to Sigma Solve Limited and fresh Certificate of Incorporation consequent upon the conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies RoC - Ahmedabad onJune 17 2019.The Promoter Mr. Prakash Parikh commenced the Company in 2010 to provide the IT and IT enabled services and accelerate the business opportunities of Sigma Solve Inc. a Florida (USA) based IT Company originally floated as LLC jointly owned by Mr. Biren Zaverchand and Mr. Prerak Parikh who is son- in- law and son respectively of the promoters. Since incorporation the Company and Sigma Solve Inc. jointly makes efforts to acquire the business opportunities and execute the work respectively.The subsidiary company Sigma and Sigma Solve Inc. now effective from October 23 2019 having their offices at Florida (USA) Atlanta (Home Office) Australia (Home Office) jointly makes efforts for new business acquisitions. Operation is controlled from the registered office situated at Ahmedabad (Gujarat) India. The Company's 100% of the revenue is from export of services and to provide hassle free payment facilities to clients the Company channelize payment through Sigma Solve Inc. having their presence in Florida (USA) Atlanta (Home Office) and Australia (Home Office). The Company do not have any identified customers being almost 100% of sales is booked by Sigma Solve Inc. and subsequently the Company Sigma is charging on monthly basis to Sigma Solve Inc. for providing the execution facilities on per man hour basis in conjunction with efficiency level achieved on monthly basis. Moreover the Company Sigma also occasionally serves directly to clients. The Company Sigma and Sigma Solve Inc. are jointly offering enterprise software development. They offer turnkey consultancy services to customers in their business domain. In association with group entity Sigma Solve provide services related to Web & E-commerce Development Real Time Application development Business Intelligence Analytics CRM Development Digital Marketing UI & UX Design Automation Testing and Quality Assurance.The Company endeavors to bring creativity and knowledge with positive business strategy and furnish requirements of diverse clients with an inclusive range of services which are comprehensive and cost effective. The Company delivers services across all stages of the product lifecycle which enables to work with a wide-range of customers and allows to develop enhance and deploy customers' software products. The Company have been successful in augmenting portfolio of solutions over time for computers laptops and mobile software solutions. It take regular feedback from user base which enables to understand the needs of users better and helps to innovate and design improved solutions. The sales and marketing activities benefit from word-of-mouth recommendations from user network to create a viral marketing effect which is amplified by the speed ease of use and quality of solutions and allows to gain new customers at a low acquisition cost.The Company invested significantly in equipping technical team with requisite infrastructure and technology. It constantly endeavors to improve technical process and increase service activities to optimize the utilization of resources. The Company has invested significant resources and intend to further invest in activities to develop customized systems and processes to ensure effective management control. The Company analyzes existing policies for technical and designing process to identify the areas of bottlenecks and correct the same. This helps in improving efficiency and putting resources to optimal use.The proliferation of Smartphone/ mobile devices has created a diverse computing environment for users. The Company explored and continue to explore opportunities independently to provide application and software to user efficient performance of their tasks in computers laptops and mobiles.

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