YEAR EVENTS 1990 - The Company was incorporated on 25th June, at Hyderabad in the state of Andhra Pradesh. It was promoted by Dr. K.M. Pai, K.N. Gopikrishnan and M.V. Kotappa. - The main object of the Company is to design, develop, sell & export computer software and to promote institutions for imparting education in computers & allied activities. - (i) The Company undertook to estblish 100% software export unit to be located at the Government Sponsored Software Technology Park in Pune. - (ii) The Company had established four software development and training centres in the cities of Bangalore, Baroda, Hydrabad and Chennai. The Software development covers wide renge of areas including UNIX, LAN, ORACLE, CAD, etc., supported by over 245 information technology professionals. The Company has a tie-up with Information Systems Group (ISG) New York, USA. Software programmes and computer courses were conceptulised, designed and developed by ISG. The Pratt Institute of New York, USA, has evaluated the course curriculam and training systems and ISG certification. Pratt Institute has confirmed to transfer credit for Lan Eseda students who wish to attend Pratt. The Company was in the process of implementing information technology training cources in Singapore, Malaysia and Indonesia. - (iii) The Company was engagedd in the development of software in areas such as data processing, distributed data bases, image processing graphics and expert systems for companies research establishments, banks and institutions. 1991 - The Company granted franchises for setting up centre for software development and training and computer education. - The Company proposed to set up a coal-based sponge iron plant of 1,50,000 tpa. at Gondia near Nagpur, in collaboration (including equity participation) with Lurgi Chemie-Metallurgie Industriebau GmbH of Germany. - The Company promoter Cauvery Software Engineering Systems, Ltds., as another foray into the inforamation technology business. - The Company had invested in Uniport Computers Ltd., which will undertake manufacture of system integration/computers, monitors and populated PCBs. The Company had also invested in Lan Eseda Compueronix, Ltd., which will manufacture system integration/computers, laptop computers etc., for export purposes. - 70 shares subscribed by promoters etc. 33,49,930 shares then issued at par of which 15,49,930 shares reserved and allotted on firm basis to promoters, their friends and relatives. Of the remaining 18,00,000 shares, 1,67,500 shares were reserved and allotted on preferential basis to employees. The balance 16,32,500 shares offered to the public in April. Additional 5,02,500 shares allotted to retain oversubscription, (2,32,500 shares to promoters and 2,47,200 shares to the public). 1992 - The Company signed a Memorandum of Understadning with Digital Image Inc., USA for software projects in Alliant Parallel Super Computer System. Under the agreement, the Company would instal in Indian an FX-2812 super computer system costing US $ 2.4 million. This system would be used for turnkey software projects for its US clients. Another Memorandum of Understanding was signed with Bilden Billsgisayar of Turkey for (i) marketisng Lan Esenda software products in Turkey; (ii) adaption of Lan Eseda computer based trading programmes in Turkish language; (iii) joint development of Turkish education market and (iv) supply of specific tutoring tools for local training agencies. 1993 - In order to finance the sponge iron project and to provide working capital margin, the Company offered during May, 8,09,02,500 rights equity shares of Rs.10 each, at a premium of Rs.15 per share in the prop. of 21:1. A total number of 7,59,47,229 shares were allotted as on 21st August.