Tulip Telecom Ltd. Company History and Annual Growth Details

HISTORY AND CORPORATE STRUCTURE

Originally Incorporated as Tulip Software Private Ltd on 19th May 1992
in New Delhi, India under the Companies Act, 1956 vide Registration
No. 55 - 48817. The name of the Company was changed to Tulip
Software Ltd, i.e. the word 'Private' deleted U/s 43A of the Companies
Act, 1956 and the company has become a deemed Public Company w.e.f.
1st July 1997. The name of the Company was changed to Tulip IT
Services Ltd. vide fresh Certificate of Incorporation dated 10th January ,
2002. . The company has shifted its registered office from J-31 New Delhi,
South Extension Part 1, New Delhi- 110049 to C-160, Okhla Industrial
Area, Phase I, New Delhi - 110 020 w.e.f. July 18th, 2003.

The company started operations in 1992 as traders in software products.
At present it has 13 year old organization and during this period It has
gone through series of diversifications, expanded our reach at various
locations in India and set up a 100% subsidiary at Singapore. The
Company was promoted by Lt. Col Hardeep Singh Bedi and Ms. Maninder
Bedi. During the financial year 2004-05 the company initiated our Wireless
based IP/VPN services to provide connectivity across cities, through our product
'Tulip Connect'. Within a short span we were able to execute orders worth
Rs. 1,578 Lacs. The list of clients for this line of business includes HDFC
Bank, Sapiant, Playwin, Inlott, etc. Our network was even able to connect
remote cities like Guwahati, Rudrarpur, Baddi and Parwanoo.

Due to this initiative the company has not discontinued any of its other line of
business.

Milestones of the Company

* In the year 1994-95, we diversified in to hardware and became a leading
partner for most major computer manufacturers.

* During the year 1995-96, we further diversified our product profile and
changed the basic characteristic of our business from being just a small
software dealer to become a system integrator. This changed our clientele
from the small & medium customers in the private sector and Government
Departments to the large business enterprises in the country.

* During the year 1995-96 we opened our Mumbai branch, which helped in
expanding our operations in the western India. It was during this period that
we started providing turnkey telecom solutions to major organizations.

* In the year 2000-01 we saw the potential in becoming a Network Integrator
and started tapping this business.

* In the year 2004-05 we have completed the first project to provide internet on
wireless network in Malappuram district of Kerala

* In the year 2004-05 we started rolling out the wireless based IP/VPN services

2006

-Tulip IT Services Ltd has announced the induction of Lt. Gen. P P S Bhandari, PVSM, AVSM to the high profiled appointment of the company's Vice Chairman.

2007

-Tulip IT Services Ltd has appointed Mr. Prithipal Singh as an Additional Director of the Company in terms of Section 260 of the Companies Act, 1956.

-Tulip IT Services Ltd has appointed Mr. Vinod Chander Sinha as a member of Audit Committee and Shareholders/ investor's Grievances Committee at the Board Meeting.

2008

- Company name has been changed from Tulip IT Services Ltd to Tulip Telecom Ltd.

2010

- Tulip Telecom Ltd has won 3rd prestigious R-APDRP Project.

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