History of Avinash Information Technologies Ltd.

The Comp. has been incorporated as a public limited Comp. in Ahmedabad in the state of Gujarat on 14th March, 1995. The Comp. obtained certificate for commencement of Business on 23rd March 1995.

The Comp. has been promoted by Shri Atul Manukhbhai Shah. The main objects of Comp. is to carry on the business as Exporters, Importers, Distributors, Commission agents etc.

The Comp. is planning to carry on activity as a merchant exporter by sourcing items from reputed domestic manufactures & suppliers. Initially the thrust will be on exports of Germs/Jewelry, Food Products, Chemicals, Engineering Goods etc. Being Merchant Export Activity, no technology is involved.

The Comp. is a member of MANGALYA group of companies. MANGALYA SOFT-TECH LTD, a member Comp. of MANGALYA GROUP OF COMPANIES has been engaged in design, development & implementation of computer software systems for banks. Finance & insurance companies, corporates etc. The Comp. has recently completed successfully its public issue, which was oversubscribed by more than four times. ANOTHER group company, Mansukhbhai Financial Services Ltd, has been incorporated on 24.10.94. It has been engaged in financial services & is a corporate member of Ahmedabad stock Exchange. The Comp. has also obtained the registration under Broker Category at the office of Securities & Exchange Board Of India, Bombay.

2001 - As a part of its diversification plan, the Comp. recently signed a memorandum of understanding for entering into a partnership with a US firm to set up an outbound call centre at the its facilities at Ahmedabad.

2002-Hanubhai Jadeja resigns as Managing Director of Avinash Information Technologies.