TATA ELXSI Share price

The company was incorporated in the year 1989 in the state of Karnataka Being the pre-liberalistion era the Company obtained licence to manufacture Multi-processor based omputer Systems and components at its factory premises in Whitefield Bangalore.The company entered into a collaboration agreement with Tata Elxsi (Pte) Limited Singapore (now known as Tata Technologies (Pte) Limited) The project for manufacture of computer systems was initially; appraised by ICICI at a total cost of Rs.27 crores.The means of financing of the revised project cost of Rs.32.30 crores duly approved by ICICI comprised of Equity Capital of Rs.15.58 crores. Non -Convertible portion of Partly Convertible Debenture of Rs.6.90 crores and Foreign Currency Loan of Rs.9.82 crores.Out of the Equity Capital 38.3% was subscribed by three Tata Companies viz. Tata Industries Limited promoters Tata Engineering & Locomotive Company Limited (TELCO) and Tata Technologies (Pte) Limited Singapore (earlier known as Tata Elxsi Pte Ltd Singapore)In November 1991 the Company made a public issue of 3475000 Equity Shares of Rs.10/- each and 2000000 12.5% Partly Convertible Debenture of Rs.50 each which was oversubscribed. Allotment was made in consultation with Bangalore Stock Exchange and the securities have been listed in Stock Exchange at Bangalore Bombay and New Delhi.PRESENT ACTIVITIES OF THE COMPANYConsequent upon the changes in the economic policies of Government of India unrestricted import of computer systems of the type manufactured by the Company have been allowed. Also differential between duty on finished computer systems and components for manufacture was substantially narrowed. As such the computer industry in general and the Company in particular found manufacturing activity commercially unviable. The Company therefore reoriented its business plans towards providing total solutions to customer needs. The Company has developed considerable expertise in the following areas viz:1. Visual computing with specialized application areas like Industrial Design Animation Simulation etc.2. Scientific applications like molecular modeling.3. Online Data Processing (OLTP) applications with relational database software packages.4. Networking including Local Area and Wide Area NetworkingCampus-wide Networking etc.Solutions offered to customers utilise the expertise available with the Company. Products offered as part of the solutions include a range hardware and software products for which the Company holds marketing rights.In addition the Company has established Design & Development activities in computer software and hardware. A 100% EOU under the Software Technology Park Scheme of the Department of Electronics has been set up. This unit provides design services to reputed overseas customers.Such re-orientation has resulted in improvements in the financial performance of the Company in the first six months of 94-95.