SIGMA SOLVE Share price

The Company was incorporated as “Sigma Solve IT Tech Private Limited” at Ahmedabad on April 29 2010 under the the Company was incorporated as “Sigma Solve IT Tech Private Limited” at Ahmedabad on April 29 2010 under the provisions of the Companies Act 1956 vide certificate of incorporation issued by the Assistant Registrar of Companies Gujarat Dadra and Nagar Haveli. Later on the name of the company was changed from “Sigma Solve IT Tech Private Limited” to “Presha Software Private Limited” and certificate to that effect was issued by Assistant Registrar of Companies Registrar of Companies Ahmedabad on February 18 2017. Subsequently the name of the company was changed from “Presha Software Private Limited” to “Sigma Solve Private Limited” and certificate to that effect was issued by Registrar of Companies Ahmedabad on March 7 2019. Consequent up on the conversion of the Company from Private Limited Company to Public Limited Company the name of the Company was changed to “Sigma Solve Limited” and fresh Certificate of Incorporation consequent up on the conversion from Private Limited Company to Public Limited Company dated June 17 2019 was issued by the Registrar of Companies RoC – Ahmedabad. The Corporate Identification Number of the Company is U72200GJ2010PLC060478.The Promoter Mr. Prakash Parikh commenced the company in 2010 to provide the IT and IT enabled services and to accelerate the business opportunities of Sigma Solve Inc. a Florida (USA) based IT Company originally floated as LLC jointly owned by Mr. Biren Zaverchand and Mr. Prerak Parikh who is son in law and son respectively of the promoters. Since incorporation the company and Sigma Solve Inc. jointly makes efforts to acquire the business opportunities and execute the work respectively.The company “Sigma” and “Sigma Solve Inc.”(Erstwhile group concern and now subsidiary company w.e.f. October 23 2019) having their offices at Florida (USA) Atlanta (Home Office) Australia (Home Office) jointly makes efforts for new business acquisitions. The operation of the company is controlled from the registered office situated at Ahmedabad (Gujarat) India. the company’s 100% of the revenue is from export of services and in order to provide hassle free payment facilities to the clients we channelize the payment through “Sigma Solve Inc.”(Erstwhile group concern and now subsidiary company w.e.f. October 23 2019) having their presence in Florida (USA) Atlanta (Home Office) and Australia (Home Office). the Company do not have any identified customers being almost 100% of sales is booked by Sigma Solve Inc. and subsequently the company “Sigma” is charging on monthly basis to Sigma Solve Inc. for providing the execution facilities on per man hthe basis in conjunction with efficiency level achieved on monthly basis. Moreover the company “Sigma” also occasionally serves directly to clients.The Company “Sigma” and “Sigma Solve Inc. are jointly offering enterprise software development. We offer turnkey consultancy services to the customers in their business domain. We also in association with group entity “Sigma Solve” provide services related to Web & E-commerce Development Real Time Application development Business Intelligence Analytics CRM Development Digital Marketing UI & UX Design Automation Testing and Quality Assurance.The Promoters are first generation promoters and their experience in Information technology Industry has been instrumental in determining the vision and growth strategies for the Company “Sigma”. As on June 30 2020 Sigma employs total of 103 employees (including over permanent and on call software professionals/technicians). We have a dynamic team that empowers us to provide a unique blend of outsourcing experience to the clients.Sigma endeavors to bring together creativity and knowledge with positive business strategy to furnish the requirements of diverse clients with an inclusive range of the services which are comprehensive and cost effective. the Company delivers services across all stages of the product life-cycle which enables us to work with a wide-range of customers and allows us to develop enhance and deploy the customers’ software products.We have been successful in augmenting the portfolio of solutions over time for computers laptops and mobile software solutions. We take regular feedback from the user base which enables us to understand the needs of the users better and helps us to innovate and design improved solutions. the sales and marketing activities benefit from word-of-mouth recommendations from the user network to create a viral marketing effect which is amplified by the speed ease of use and quality of the solutions and allows us to gain new customers at a low acquisition cost.After having fine tunes the work experience in association with Sigma Solve Inc. for more than 9 years we have acquired 51.04% stake on October 23 2019 by investing Rs. 210.93 Lakhs in Sigma Solve Inc. and making it the subsidiary company.MAJOR EVENTS :2010- Incorporation of the company in the name of Sigma Solve IT Tech Private Limited2017- Name of the company changed to Presha Software Private Limited2018- Registered office of the company shifted from A/503 Indraprashth - 7 Opp. Bodakdev Fire Station Bodakdev Ahmedabad – 380054 to 305-308 3rd floor Alpha Megacone House Opp. Armieda Sindhu bhavan Road S G Highway Ahmedabad- 380054.2019- Name of the company changed to Sigma Solve Private Limited- The company converted to Public Limited from Private Limited Company- The Company acquired 51.04% stake in Sigma Solve Inc. situated in Florida USA