Telesys Info-Infra (I) Ltd

Telesys Info-Infra (I) Ltd

Telesys Software (TSL) was incorporated in October 1992 as Telesys Software Pvt. Ltd under the Companies Act 1956 and subsequently converted into a public limited company in November 1999. TSL was originally promoted by S R Kamath and Vatsala R Kamath. TSL is engaged in software development and consultancy services.TSL started its data center at Madras in 1993 for processing various data by using computer technology. TSL has also developed and installed customised software catering to industries such as Hotels Hospitals Education Institutions and Transport industry segments. At present the company has two development centers in Chennai with about 50 software professionals.The company on 10 February 2000 has came out with a public issue of 5000000 equity shares of Rs 10 each for cash at a premium of Rs 5 per share aggregating to Rs 750 lakhs to provide funds for the expansion of software development facilities and also market development of the products.Telesysindia.com web site is being developed for online consultancy & manpower consultancy . The Company has developed in house products for internet applications using case tools. the Company's primary focus is on E.commerce banking and finance and internet applications. In order to enhance its equity the company is planning to acquire some software companies on a swap basis. For this purpose it is planning to enter into capital market to the tune of 13225350 equity shares of Rs.10 each on a preferential basis.