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History of Odyssey Technologies Ltd.

The Comp. was incorporated as ODYSSEY TECHNOLOGIES PRIVATE LIMITED ON 6-4-90 under the Companies Act, 1956, and subsequently converted into a Public Limited Company and a Certificate for change in name was obtained from the Registrar of Companies, TamilNadu, Madras from 11th November 1994. Since it is a private limited Comp. which has been converted into a public limited Comp. no certificate of commencement of business is needed.

ACTIVITY PROFILE

Apart from rendering Software services, the Comp. has till now developed two Software Packages. The first one 'EMBROCAD' ix a high efficiency computerised designing and editing system for Embroidery Industry. This can format floppies & transfer designs to multiheaded embroidery machines, manufactured by four companies namely TAJIMA, HAPPY, BARUDAN & ZSK. The end users of this package are garment exporters. This Software is an import substitute item. Earlier, all the Garment Exporters were depending upon the imported design systems for their embroidery work. This package has been highly successful & has generated turnovers in excess of Rs. 20 lacs each during the years 1992-93 & 1993-94. For the year 1994-95, till now about Rs. 10 lacs has been generated out of this package.

The second package developed by Comp. is 'TAEXPERT'. The entire programming part related to this package has been completed. The replication of data on compact discs is to be done. The end users of this package are Advocates, Chartered Accountants & Corporate Assessees.

The Comp. is currently implementing an on-line Insurance Broking and Claim Accounting System for M/s Anda Insurance Brokers Pte. limited of Singapore to the value of Rs. 5 lacs. Talks are underway for other similar systems to be implemented at Singapore. In addition, discussions are underway to develop a process control system for a Singapore based subsidiary of European Comp. This is expected to pave the way for a number of products in CAD/CAM area where Odyssey already has a proven track record.

2000 - Odyssey Technologies & the Bangalore - based PSI Data Systems limited have signed a memorandum of understanding to offer security & trust products for finance industry.

2001 - Odyssey Technologies, an internet security Comp. based in Chennai has joined hands with Netrust, Singapore for imparting knowledge on internet sucurity in Singapore.

- The Chennai-based Odyssey Technologies Ltd., launched T-Shell, a secure server access product for clients to access Unix server over open networks.

2004

-Odyssey India launches co-branded credit card