Spanco Ltd. Company History and Annual Growth Details

YEAR EVENTS

The spanco Telesystems and Soutions Ltd,. was incorporated under the name 'Kadambari Leasing Ltd'.

The spanco Telesystems and Soutions Ltd is an ISO 9000 Company engaged in Telecommunication and IT enable services.

The spanco Telesystems and Soutions Ltd has three main segments namely:
1. Telecommunication
2. Call Center-International and
3. Call Center-Domestic

The spanco Telesystems and Soutions Ltd is listed in Mumbai stock exchange, with scrip code no:508976

2000 - The company has entered into a strategic business relationship
with HFCL Satellite Communications Ltd. for promoting the
RPIMENET Satellite Communication Services of HFCL Satellite
Communications Ltd.

The Company has signed an agreement with the Department of Telecommunication, New Delhi and the company has been granted a licence as Internet Service Provider in category B for Mumbai.

2001 - The Board has decided to issue up to 30 lakh equity shares on preferential basis
to individuals, corporates and others, whether shareholders or not, as per SEBI
guidelines.

2002-

- Deepak Bhagchandaney appointed as Additional & Wholetime Director

- The company sets up call centres in Mumbai, Gurgaon, Bangalore, Pune and Kolkota.

-The company has its remote facilities in US and UK.

2003

The company achieved a turnover of Rs 47 crores, an increase of 30% over last year and profit of Rs 2.50 crores for the year ended 31/03/2003.

2005

-Spanco Tele ties up with Aegis Communications Group

-Spanco bags AI contract

2007

-Spanco Telesystems & Solutions Ltd has signed the Railway Contract / Order with IRCTC, for Setting up the Call Centre for Railway Inquiry System on January 17, 2007.

- Spanco Telesystems & Solutions Ltd has appointed Mr. Sanjay Kukreja has been appointed as an Additional Director of the Company w.e.f. May 15, 2007.

- Spanco Telesystems & Solutions Ltd has informed that the Board of Directors of the Company at its meeting held on October 11, 2007, has appointed Mr. Ketan Chokshi as an Additional Director of the Company w.e.f. October 11, 2007.

2008

-Company name has been changed from Spanco Telesystems & Solutions Ltd to Spanco Ltd.

2010

- Spanco Ltd has informed that the Board of Directors of the Company at its meeting held on March 29, 2010, have appointed Mr. Subroto Chaudhury as additional Director of the Company.

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