Updater Services Share price

The Company wasincorporated in Chennai Tamil Nadu as‘Updater Services Private Limited’ pursuant to a certificate of incorporation dated November 13 2003 issued by the RoC upon the conversion of ‘Updater Services’ a partnership firm into a private limited company in accordance with the provisions of Part IX of the Companies Act 1956. Thereafter the Company was converted from a private limited company to a public limited company pursuant to a resolution passed in the extraordinary general meeting of the Shareholders held on February 22 2022 and consequently the name of the Company was changed to ‘Updater Services Limited’ and a fresh certificate of incorporation dated March 24 2022 was issued to the Company by the RoC.Major events and milestones of the Company :1990- the Company was founded as a partnership firm between Raghunandana Tangirala and K. Hariharan for undertaking catering contracts housekeeping and maintenance contracts manpower hiring contracts and other allied activities2000- Reconstitution of the partnership firm to admit Shanthi Tangirala as a partner2002- Entered into an agreement with Saint-Gobain Glass India Private Limited for providing operations services2003- Conversion from partnership firm to a private limited company2006- Total revenue of the Company crossed Rs. 500.00 million for the Financial Year ended March 31 2006- Acquisition of 51% shareholding in Avon Solutions and Logistics Private Limited a mail room managementcompany with a pan India presence2010- Entered into an agreement with one of largest private airports in India2014- Entered into an agreement for facility management services with a hospital- Obtained a rating from a credit rating agency2015- Total revenue of the Company crossed Rs. 5000.00 million for the Financial Year ended March 31 20152016- Entered into an agreement for providing facility management services for a metro rail2017- Acquisition of 100% shareholding in Stanworth Management Private Limited- Acquisition of 65% shareholding in Fusion Foods and Catering Private Limited which is engaged in hospitality and industrial catering2018- Entered into an agreement for providing and managing the human resource services at a hospital in Ahmedabad- Acquisition of 70% stake in Global Flight Handling Services Private Limited2019- Rolling out Employee Stock Option Plan for its employees- Entered into an agreement with a large conglomerate for property and facility management services at Sardar Vallabhbhai Patel – Statue of Unity- Total revenue of the Company crossed Rs. 10000.00 million for the Financial Year ended March 31 2020- Appointed as facility manager to manage the operation and management of three railway stations- Acquisition of 75% shareholding in Matrix Business Services India Private Limited- Acquisition of 76% shareholding in Washroom Hygiene Concepts Private Limited2020- Entered into an agreement for operation and maintenance of liquid terminal at Kattupali Port- Entered into an agreement with one of the leading medical education and research institute in Pondicherry2022- Acquisition of 57% shareholding in Athena BPO Private Limited2023- Total revenue of the Company crossed Rs. 20000.00 million for the Financial Year ended March 31 2023