Onward Technologies Share Price

Onward Technologies, a Onward group company, operates in the ITES segment through its Engineering Design Services Business and in the IT software Segment through its Software Development Business.Originally it was incorporated under the name Onward Engineering Technologists Private Ltd in 1991 and represented International Leaders in M-CAD & E-CAD Technologies Viz. Autodesk, SDRC, Viewlogic & Chemshare for Indian Market. In 1993 it started developing software for computer controlled CNC Machines. Later in 1994, the business lines of erstwhile groupcompanies the Onward Computer Technologies Pvt Ltd.,(a System Integration Company) and Onward Network Technologies Pvt Ltd.(A Network Solutions Company) were acquired to consolidate synergistic business in IT. The company was also converted into a public limited company and the name changed to the present one in the year 1994. The company has also made it's maiden public offer at a premium of Rs.40/- per share in the same year. In 1995 the company has entered into a strategic tie-up with Structural Dynamics Research Corporation being Sole distributor on al hardware platforms. The company has closed the system integration division in the year 1997 and shifted its focus to professional services and solutions business. The company tie-up with Set Point, US, for its process simulation software. OTL's banking group offers branch automation solutions like total branch mechanisation based on PC Lan Netware, microcomputer-based advanced ledger postings with customised software, etc. The company's US subsidiary, Onward Technologies, Inc. became operational with offices in the states of California and Utah. Onward Technologies ,during the year 1999-2000, has entered into a Global Partnership Agreement with Novell, Inc., USA to provide E-Commerce related consultancy services to various business units of Novell, Inc. especially in areas of Net Mangement, Net Directory and Net Content. In the year 2000 the company has opened its Pune development centre for PSSD project. and got a large offshore simulation project order from Aspen Tech Software. In 2001 , the company has set up a wholly owned subsidiary in Germany under the name Onward Technologies GmbH. The company has established 2 new Software Development Centres in the year 2002,one in Pune and another in Turbe,Mumbai. The company has signed a new partnership agreement recently with Experia Solutions,Inc., a high-end consulting company which is specialising in the areas of eSolutions.