Expleo Solutions Limited (Formerly known SQS India BFSI Limited) incorporated on June 8, 1998 as a private limited company was converted into a public limited company on August 19, 2008. The Company i
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s a subsidiary of Expleo Technology Germany GmbH. The Company is an India based software service provider primarily delivering software validation and verification services to the banking, financial services and insurance industry worldwide
The company has four subsidiaries namely, Thinksoft Global Services Pte Ltd, Thinksoft (India) Services Pvt Ltd, Thinksoft Global Services Inc and Thinksoft Global Services (Europe) GmbH. The company and their subsidiaries have established a global presence in New York, London, Frankfurt, Hong Kong, Brussels, Sydney, Singapore, Bangalore, Chennai, and Mumbai.
Thinksoft Global Services Ltd was incorporated on June 8, 1998 at Bangalore in Karnataka with the name Relliant Global Services (India) Pvt Ltd. In December 17, 1999, the company changed their name to Thinksoft Global Services Pvt Ltd. In July 22, 2008, the name of the company was changed to Thinksoft Global Services Ltd consequent to conversion into a public limited company.
In the year 1998, Citigroup engaged the company for independent software testing and business requirements assurance services for a global project. In the year 2000, more number of banks selected the company as their testing partner. In addition, Euro Indo Investments became an investor in the company.
In the year 2001, the company opened a branch in UK. In April 2001, the company incorporated Thinksoft (India) Services Pvt Ltd as a subsidiary company and in November 2001, they incorporated a subsidiary company, namely Thinksoft Global Services Pte Ltd in Singapore.
In the year 2002, the company received ISO 9001:2000 certification from KPMG Quality Registrar specifically for 'Offshore software testing for Banking, Financial services and Insurance organisations'. In April 2002, the company incorporated a wholly owned subsidiary company namely, Thinksoft Global Services Inc in USA for providing software validation and verification services to the banking and financial institutions located in the America.
In the year 2003, the company expanded their office network in London, Chennai and Mumbai. The company was selected as Global testing partner for one of the world's largest financial services organizations. They received order for testing one of the largest core banking implementations in the world. In the year 2004, National Stock Exchange IT made a strategic partnership with the company.
In November 2005, the company incorporated a subsidiary company namely, Thinksoft Global Services (Europe) GmbH in Germany for providing Computer, hardware and software. In the year 2006, the company won signature clients in new geographies
In the year 2007, the company received ISO 27001:2000 Certification from Underwriter Labs, USA. They opened an office in Hong Kong. In the year 2008, the company opened a branch office in Belgium.
The company was rated among 'Deloitte Tech Fast 50 India' and 'Deloitte Tech Fast 500 Asia Pacific' in the years 2006 and 2007 and 'Deloitte Tech Fast 500 Asia Pacific' in the year 2008.
The Company made its Initial Public Offering (IPO) of its Equity Shares on September 24, 2009 and shares under IPO were allotted on October 14, 2009. The Company's shares were listed on the National Stock Exchange of India Limited and BSE Limited with effect from October 26, 2009.
The Company opened a Wholly Owned Subsidiary at UK with effect from 01st April 2010; commenced the operation in The MEPZ centre through a small way with the existing infrastructure.
The name of Company changed from Thinksoft Global Services Limited to SQS India BFSI Limited during 2015. The Company added a new 250-seater facility during FY 2016-17; the name of Company was further changed from SQS India BFSI Limited to ' Expleo Solutions Limited' effective from April 10, 2019; a branch office was opened at Philippines in year 2020.
On March 25, 2022 the Company signed an agreement with Lucid Technologies and Solutions Private Limited and its subsidiary Lucid Technologies and Solutions LLC towards the purchase of their specific assets, i.e. Intellectual Property and Technical Know-how in India and Customer Contracts in US, which were resultantly executed effective on April 1, 2022.
A Composite Scheme of Arrangement on July 09, 2021 was approved by the Board of Directors of the Company for merger of Expleo India Infosystems Private Limited (Transferor Company- 1), Expleo Technologies India Private Limited (Transferor Company- 2), Expleo Engineering India Private Limited (Transferor Company- 3) and Silver Software Development Centre Private Limited (Transferor Company- 4) with Company effective from the Appointed Date for the Amalgamation, i.e., April 1, 2022.
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