Newjaisa Technologies Share price

The Company was originally incorporated as private limited company under the Companies Act 2013 in nameand style of “Newjaisa Technologies Private Limited” bearing CIN U32106KA2020PTC134935 pursuant to acertificate of incorporation dated June 16 2020 issued by the Registrar of Companies Central Registration Centre and commenced its business on December 18 2020. Subsequently the Company was converted into public limited company pursuant to shareholders resolution passed at an EGM held on May 04 2023 and name of the Company was changed from “Newjaisa Technologies Private Limited” to “Newjaisa Technologies Limited” and a fresh certificate of incorporation dated June 27 2023 was issued by the Registrar of Companies Bangalore Karnataka. The Corporate Identification Number of the Company post conversion isU32106KA2020PLC134935.Mr. Vishesh Handa and Mr. Mukunda Raghavendra are the Promoters of the Company. Mrs. Sukriti Vijay andMrs. Prathibha were the initial subscribers to the Memorandum of Association of the Company. For further capital built-up information please refer to the section titled ‘Capital Structure’ beginning on page 68 of this Red Herring Prospectus.Started in 2020 We are a Technology driven Direct to consumer refurbished IT electronics company providingquality refurbished electronics at significant discount as compared to new products. the business modelencompasses end to end reverse supply chain for IT assets. It involves procuring used IT assets (laptops desktops and peripherals) refurbishing them to as close to new computer condition and selling them directly to end use customers - businesses or retail. We currently are focused and operate in Indian market and cater to the Pan India customer base via ecommerce and the online platforms. the business is helping us to reduce growing ewaste problem on one hand and at same time help serve large underserved Indian population that currently has low personal computing ownership by delivering quality product at very affordable prices with service guarantee via the warranties.MAJOR EVENTS AND MILESTONES :2020- Incorporation of the Company with name “Newjaisa Technologies Private Limited”.- Listed on Amazon/Flipkart and partnered with regional reseller and became Amazon preferred partner.2021- The revenue of the Company was increased to Rs.960.67 lakhs.- Break-even achieved in the first year with 7.6% PAT margin.2022- The revenue of the Company was increased to Rs. 2791.90 lakhs.2023- The revenue of the Company was increased to Rs. 4452.98 lakhs.- Private Equity Investment in the company by Negen Tech Opportunities Angel Fund (Category I Alternate Investment Fund).- Team Size grew to 99 employees and 248 Interns- Conversion of the Company from private to public i.e. from ‘Newjaisa Technologies Private Limited’ to ‘Newjaisa Technologies Limited’.