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Telesys Software (TSL) was incorporated in October, 1992, as Telesys Software Pvt. Ltd under the Companies Act, 1956 and subsequently converted into a public limited company in November, 1999. TSL was originally promoted by S R Kamath and Vatsala R Kamath. TSL is engaged in software development and consultancy services. TSL started its data center at Madras in 1993 for processing various data by using computer technology. TSL has also developed and installed customised software catering to industries such as Hotels, Hospitals, Education Institutions and Transport industry segments. At present the company has two development centers in Chennai with about 50 software professionals. The company on 10 February, 2000, has came out with a public issue of 50,00,000 equity shares of Rs 10 each for cash at a premium of Rs 5 per share aggregating to Rs 750 lakhs to provide funds for the expansion of software development facilities and also market development of the products.