Supreme Telecom & Network India Limited (STNIL), was incorporated on 19th Oct.'94 in Bombay and commenced its business from 27th Oct.'94. It has been promoted by Pragnesh H Shah. STNIL is primarily engaged in the trading of Telecom equipment and manufactures certain products like Key Telephone Systems, Conference system, feature phones, teleguard and standard telephones. During Mar.'96, it came out with a public issue of 33,20,000 equity shares of Rs 10 each per share for cash at par aggregating Rs 3,32,00,000 including reservations to NRIs on competitive basis aggregating to Rs 79,68,000, to part finance the cost of the proposed project to manufacture, market and service Telecom products.