- The Company was incorporated on 20th September as a whollyowned subsidiary of M/s. Usha Rectifier Corporation (I) Ltd. &obtained the Certificate for Commencement of Business on 19thMarch 1977. It became a private limited company on 9th October1980. It became a public limited company on 7.10.1992.

- The Company is engaged mainly in development and export ofsoftware and not in any manufacturing activity nor has itacquired any technology for absorption in this area.

- The Company diversified its operations in the field ofsoftware development and exports trading in ferrous andnon-ferrous metals payphone network and leasing.

- The Company established a joint venture company Usha Inc. inCalifornia in the US.

1993

- Effective 21st December the name of the Company was changedfrom Usha Services & Consultants Ltd. to InformationTechnologies (India) Ltd.

1994

- The Company offered 21 35 000-15% cumulative redeemable NCD ofRs 100 each on Rights basis in proportion 35 NCDs = 100.

- Each equity shares held NCD has a warrant attached whichentitles the holder to apply for 4 equity shares of Rs 10 eachat a premium of Rs 10 per share between 6 months to 24 monthsfrom the date of allotment of debentures.

1995

- The Company entered into a strategic alliance with Tata IBMfor providing high end IT solutions.

- The company undertook to set up a joint venture in UK calledION Information Technologies Ltd. to market the Company'sservices in UK as also to bring additional software business toIndia.

- The Company undertook development of software AT 386 & AT 486computers with printers and for payphones Usha GPT phones. Thepayphone are operated without coins.

- 36 00 000 No. of equity shares issued subscribed and paid upby promoters. 25 00 000 shares were then issued at a prem. ofRs 30 per share in Jan. 1993 of which 2 50 000 shares werereserved and allotted to Mutual Funds on preferential allotmentbasis. Balance 22 50 000 shares issued to the public.24 00 100 shares issued on warrant holders exercising theirrights. 3 900 shares forfeited.

1996

- The Company achieved ISO 9001 certification. The Company'shealth care business entered into high-end neuro surgicaldisposables. The Company entered into collaborations withsoftware Solution providers.

- 169 91 600 bonus equity shares issued in proportion 2:1.

- The Company has established a marketing office in UnitedStates. It has made a strategic alliance with Tata IBM forproviding high end IT solutions to the Indian Industries.

- The Software Division of the Company has been reorganised as a100% Export Oriented Unit (EOU) under the Software TechnologyPark (STP) Scheme of Department of Electronics.

1997

- Information Technology India Ltd (ITIL) has provided cellular basic and international telecom services in Nepal.

1998

- The state is also setting up various software parks to"provide a suitable platform for investors."

- 8 397 562 right equity shares were issued against conversionof warrants. There was also a preferential allotment of6 83 642 No. of equity shares.

- During the year the Company has allotted 61446 Equity Sharesof Rs. 10/- each at a premium of Rs. 10/- each againstconversion of warrants attached with 16% Non-ConvertibleDebentures issued by the Company on 17-2-1995.

1999

- The company has three joint ventures in place -- ITIL(Schweiz) AG in Switzerland and one each in Holland and Israel.

- The company plans to apply for an internet service providerlicence and set up its own international gateway.

- Information Technologies (India) Limited (ITIL) a flagship ofGroup Usha today launched the country's first portal website -Myusha.Com. The website would largely cater to the Indianmarkets and Indians worldwide.

- Information Technologies India Ltd (ITIL) the softwarecompany of Group Usha announced a 1:1 bonus issue toshareholders. For the year ended May 31.

2000

- eVentures India Holdings is setting up a wholly subsidiary toprovide technology support management consultancy and otheradvisory services to various information technology (IT) andsoftware companies globally.

- Trading in the equity shares shall be suspended with effectfrom April 26 on account of face value split from Rs 10 to Rs 5.

- The Company has allotted by way of private placement 25 000No. of equity shares (constituting 0.036 per cent of enhancedequity capital) of the company at Rs 2 135 to GIC onpreferential allotment basis.

- Advanced Training Institute for the company has launchedcomputer courses in the areas of Very Large Scale Ultra LargeScale Integrated Application Specific Integrated Circuits andCommunication Network Design.

- The Company a wholly-owned subsidiary company in Australia isto be incorporated.

- Information Technologies India Ltd the Usha Group company has appointed Anderson Consulting to advise the company on itsforay into the area of mobile computing.

- The Board has decided to merge Binani Lead Ltd. with GoodwillEquity and Finance Ltd. a wholly-owned subsidiary. To mergeMunga Holdings Ltd. with Binani Cement Ltd. a wholly-ownedsubsidiary.

- ITIL - Information Technologies (India) Limited launched aportal hub - indiai2l.com.

2001

- Informaiton Technology solution provider AGL TechnologiesLtd. launched "Exact" a windows-based off-the-shelf accountingsoftware that covers general accounting inventory excise andsales tax accounting.

2002