MELSTAR INFORMATION TECHNOLOGIES LTD. SHARE PRICE [LIVE]
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Fundamental analysis
What is not working for the company?
What is working for the company?
| Name | Dec 20 | Sep 20 |
|---|---|---|
| Promoters (Change:0.00) | 47.06% | 47.06% |
| FIIs (Change:0.00) | 0% | 0% |
| Mutual Funds (Change:0.00) | 0% | 0% |
| Insurance Companies (Change:0.00) | 0% | 0% |
| Other DIIs (Change:-0.70) | 0% | 0.7% |
| Non Institution (Change:0.70) | 52.94% | 52.24% |
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My investment would be worth ₹ 1,41,900 with a Gain of 41.90 %
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About MELSTAR
Today's live share price for MELSTAR INFORMATION TECHNOLOGIES LTD. is NSE: N/A, BSE: ₹ 3.04 with a current market capitalization of .
Melstar Information Technologies (MITL) was incorporated in August, 1986 as a private limited company under the name of Sifa India Pvt. Ltd, thereafter the company was converted into a public limited company in July, 1994 and changed its name to present one. Promoted by SIFA GmbH, West Germany and Patel Group of Bombay, MITL manufacturers, exports, imports, buy, sell and deal in electronic systems, information technology including consultancy, computer hardware, software development, infotech services, enterprise solutions, out-sourcing and facility management, internet, E-commerce etc. In 1993, the company diversified into software exports and has been exporting mainly to USA, Italy, Switzerland etc. It further diversified into manufacture of electronic products such as calculators, blinkers, etc in 1994-95. The company also established a branch office in London on May 1998. Melstar Inc is a subsidiary of MITL located in USA. In July, 1999, Melstar Industries (MIL) was amalgamated with the company in terms of scheme of amalgamation sanctioned by the Hon'ble Bombay High Court. The Company made its initial public offer in January 2000. it acquired Linkhand Ltd and its two subsidiaries and also acquired 100% of the equity of Global System Development Inc. in the US. The Company also incorporated subsidiaries in UK, Germany and Singapore. The company is expanding its software development divisions within and outside India. As a process of integration and restructuring, the Company plans to amalgamate all the multiple subsidiaries in the U.S. and U.K. The Company also plans to expand the existing offshore centres and set up new centres to meet the growing offshore demand. Since the subsidiaries in Germany and UK are inoperative the company is taking steps to close the subsidiaries.The Company has been awarded the SEI-CMM Quality Level III certificate in April 2001.
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