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History of Archana Software Ltd.

YEAR EVENTS 1994 - SSL Finance limited was incorporated on 15th November, & obtained the Certificate of Commencement of Business on 2/12/1994. The Comp. has been promoted by Mr. D.Ravisankar and his associates.

- The Comp. has leasing and hire purchase. The Comp. has also applied for Merchant Bankers registration under to SEBI, Regional Office for Category III.

1996 - The Comp. has proposed to tap the Public Deposit Market to mobilise funds to augment the resources & to deploy the same in the areas of Hire Purchase Finance & Equipment Leasing.

1999 - The scrip of Archana Software Ltd, is known as SSL Finance Ltd until January 10, has been a seeing an uptrend on the National Stock Exchange [NSEs].

- Though the Comp. has changed its name to Archana Software, its shares continue to be traded under the old name on NSE.

2000 - The Comp. proposes to enter into the field of information technology. It will begin with a new division, Aasheesh IT Education, which will focus on IT education by setting up 150 outlets through franchise route.

- Chennai-based Archana Software is came out with a public issue of Rs 3 crore with the premium being Rs 10 for each share.