Visesh Infotecnics Ltd

Visesh Infotecnics Ltd

MPS Infotecnics Limited was originally incorporated in January 1989 as Ultimate Software Private Ltd which later on was changed to Visesh Technologies Pvt Ltd in February 1993. Subsequently the Company was converted to a Public Limited Company effective from May 1995 and the name of Company was changed to Visesh Infosystems Ltd in July 1997 and thereafter changed to its current name i.e. Visesh Infotecnics Ltd. The Company is presently engaged in System Integration and Networking Solutions Telecommunication; Enterprise Software; Domain Registration and web hosting; VAS and IT enabled Services.Initially the company developed various kinds of softwares in COBOL its main product popularly known as BUSINESSOFT consisting of finance module sales & purchase inventory control MRP-I & MRP-II implemented successfully at more than 600 sites covering more than 200 clients. Recently in 1999 VIL has launched an upgraded version of BUSINESSOFT known as BUSINESSPRO in Visual Basic with Oracle at the backend which is flexible friendly seamlessly integrated scalable solution for the whole gamut of functions for an enterprise.The company has developed a banking software and also launched a Astro World namely www.astro123india.com during 2001.A online education web sitewww.astrovediceducation.com and this site is under construction and expected to be completed during the current financial year.During 2001 the company entered into strategic alliance with Citrix Software India for convertion of ERP solution into Web Enabled Solution.In 2003-04 the Company acquired 100000 Equity Shares of Opentech Thai Network Specialists Ltd (OTNS) Thailand at 100 Thai Baht each which was approved by the office of Board Of Investment Royal Government of Thailand of Opentech Thai Network Specialists Ltd. becoming a Wholly-Owned-Subsidiary of the Visesh Jpfotecnics Limited.During the year 2004-05 Company added many Fortune 500 clients to its portfolio which are strategic in nature and increased its offerings in IT Solutions and Product Support.M/s Positive Comsol Pvt Ltd. got merged with the Company in terms of the Scheme of Amalgamation being sanctioned by the Hon'ble High Court of Delhi vide its Order dt. 28 January 2011 which became effective from 07 March 2011. During the year 2012-13 M/s. Axis Convergence Private Limited merged with the Company as per the scheme of amalgamation sanctioned by the Hon'ble High Court New Delhi vide its order dated 20 July 2012. Pursuant to this scheme of amalgamation the Company allotted 59389515 equity shares fully paid up of Rs 10/- each to the shareholders of Transferor Company. By virtue of merger of Axis Convergence Pvt. Ltd. with the Company M/s Axis Convergence Inc Mauritius and M/s Greenwire Network Ltd. Hongkong became Subsidiary Companies of the Company in 2011-12. On 30th September 2019 the Board of Directors had approved dis-investment in wholly owned subsidiaries M/s. Axis Convergence Inc incorporated in Mauritius; Greenwire Network Limited a company incorporated under the laws of Hong Kong; and Opentech Thai Network Specialists Co. Ltd. incorporated under the laws of Thailand.