Company History: YEAR EVENTS1989 - The Company was incorporated on 9th November at Mumbai and obtained the Certificate for Commencement of Business on November 21 1989. It was promoted by Vikram A. Doshi & his family. The Company Manufacture electronic weighing machines. The Manufacturing facilities include a wide range of instruments for testing and quality control purposes besides machinery like Wave Soldering machines multimeter oscilloscope CAD station development lab etc. The Company has an R&D department.1992 - 32 20 000 No. of equity shares allotted to promoters directors relatives friends & associates. The Company offered for sale 19 32 000 No. of Equity shares at a prem. of Rs 30 per shares to the public through a prospectus during August 1993.
1993 - The Company issued 1 00 000 fully convertible debentures of Rs 10 each attached with one detachable warrant. The warrant entitles the holder to apply for 10 equity shares of Rs 10 each. These were allotted on private placement basis with promoters associates etc.
- Each debenture were converted into 10 equity shares of Rs 10 each between 9-15 months from the date of allotment of debenture. Accordingly 10 00 000 shares allotted.
1994 - 20 00 000 shares allotted on conversion of debs. 5 00 000 No. of equity shares allotted at a prem. of Rs 190 per share on preferential allotment basis. 3 50 000 shares allotted at a prem. of Rs 190 per share to financial institutions on preferential basis.
1995 - 60 70 000 bonus shares issued in prop. 1:1. 6 00 000 pref. shares were allotted on private placement basis to financial institutions.
1996 - The Company introduced newer products/models so as to cater to the various segments of the market like retail institutional buyers medical & clinical diagnosis office automatic etc.
- The Company undertook to diversify into manufacture of large volume polycarbonate bottles LDPE caps polythylene. Terephthalate (PET) bottles and with this in view a separate factory was set up at Daman.
- The PET & polycarbonate bottles are used by manufacturers of carbonated drinks mineral water bottling plants fruit juices edible oil sauces dairy and food products etc.
1997 - The Company has separated its two critical and important activities namely Research & Development and Manufacture of Sensors and related products to separate subsidiary companies. The Company has decided to focus on manufacturing of Electronic Weighing Scales PC/PET bottles and allied products.
- 17 11 720 Pref. shares allotted.
1998 - Atco Healthcare Ltd. Atco Sensors Ltd. Atco Research & Development Ltd. and Anewera Marketing Pvt. Ltd. are the subsidiaries of the company.
- The company set up a new division of Information Technology Division to commercialise the technology of hardware products and networking.
- 7 00 000 Pref. shaes redeemed during the year.
2003
-Atcom Technologies Limited has informed that the Registered Address of the company has been changed from "Godrej Industries Complex Gate No. 4 Pirojshanagar Eastern Express Highway Vikhroli (East) Mumbai. - 400 078" to "6A Lalwani Industrial Estate 14G D. Ambedkar Road Wadala Mumbai - 400 031" with effect from November 28 2003.
