|₹4.52 / ₹1.37|
What is shareholding pattern? Who are shareholders?
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What are dividends?
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Advent Computer Services Ltd (ACSL) was incorporated as a 100% EOU on 22 Feb. '84 in Madras and was promoted by Michael Arul an ex-IBM technocrat, Jennifer Arul and their associates. Electronics Corporation of Tamil Nadu (ELCOT), a Government of Tamil Nadu undertaking, subsequently joined in the project of the company on a 50:50 basis. ACSL was set up to primarily export business application software designed to run on IBM S/38 computer systems that had been introduced in the market at that time by IBM. One of the key objectives of the company was to develop a world class software for the wholesale distribution industry for IBM S/38 users. ACSL succesfully launched ADS 400 a comprehensive distribution management system designed to run on IBM AS/400 system. The initial beta site for ADS 400 was established in Melbourne, Australia in 1991 as a US $ 20 bln multinational conglomerate viz. Bunge Corporation for use by one of its Australian subsidiaries M/s Don Small Goods Pty Ltd, which is one of the largest food maufacturing and distribution companies in Australia.