Advent Computer Services Ltd's earnings have grown by 0%, whereas share price has declined -18.3% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.
Advent Computer Services Ltd share price has declined -4.7% annually (CAGR) over the past ten years.
Data is not available for this company.
Advent Computer Services was incorporated on February 22, 1984. The company was established as 100% export oriented unit (EoU) at Chennai, and is promoted by Michael Arul, Jennifer Arul and their associates. The company was set up to primarily export business application software designed to run on IBM S/38 computer system that had been introduced in market at that time by IBM.
In 2000, the company acquired two unlisted companies, namely, Ibhar Software and
In 2000, the company acquired two unlisted companies, namely, Ibhar Software and Softsolutions.
1984 -- Advent Computer Services (Advent) was incorporated on February 22, under the Companies Act, 1956 in Chennai and obtained Certificate of Commencement of Business on the March 16, from the Registrars of Companies, Tamil Nadu at Chennai. The company's main object is to carry on the business of manufacturing and dealing in computers, computer hardware, computer software and computer systems, both in India and abroad. The company was established as 100% EoU at Chennai, and is promoted by Michael Arul an ex-IBM technocrat, Jennifer Arul and their associates. The company was set up to primarily export business application software designed to run on IBM S/38 computer system that had been introduced in market at that time by IBM.
1987 -- One of the Advent's key objectives was to develop a world-class software package for the wholesale distribution industry for IBM S/38 users.
1988 -- IBM introduced the IBM AS/400 Computer System which employed exactly the same architecture as the IBM S/38. Advent foresaw this potential and decided to build a world class distribution and financial software package called ADS 400, designed to run on the IBM AS/400 computer system.
1991 -- The promoter Michael Arul acquired 50% shares of the company held by ELCOT at a rate of Rs.242.02 per share (Rs.100 face value) for consideration in cash (demand draft). Some of the largest and most advanced computer installations in the country were installed namely, National Information Centre, New Delhi, Tata Institute of Fundamental Research and Department of Space, Tumba, Kerala.
1992 -- Distribution Agreement was made on August 22, between the company and Asian Computer Services PTE Ltd. Singapore.
1995 -- The company successfully launched ADS 400 in South East Asia, a comprehensive distribution management system for the IBM/AS/400 is now poised to enter the largest and most lucrative market in the world for such application software packages viz. the United States of America. Advent has also tied up selling/distributor arrangements in South East Asia with the Haw Par Group, one of the leading business conglomerates. The company has strategic alliance with IBM through TISL (Business Partner), which would help to maintain in competitive edge. A MoU was signed between CRB Capital Markets Ltd., the lead manager and the company. A MoU was signed between Foresight Financial Services Ltd., the lead manager and the company.
Software Distribution Agreement was made on January 24, between company and Intentia AB, Sweden.
1996 -- The company has also developed its own software packages to address the areas of retail and distribution businesses. These packages are of international quality and are likely to generate business in India as well as overseas.
1997 -- There are over 4,00,000 AS/400s installed and in terms of value represents over 26% of IBM's global revenues.
1999 Chennai-based Advent Computer Services Ltd entered into a memorandum of understanding (MoU) with L&T Information Technology Ltd (LTITL) for managing the operations and product development. Advent also entered into an agreement with CCG, an information technology firm marketing ADS 400.
2000 -- Advent Computer services, a Chennai based software company acquired two unlisted companies -- Ibhar Software Private and Softsolutions.
2003 -- The company signed a Memorandum of Understanding (MOU) with TVS Electronics, Chennai. The following are the main terms and conditions of the MOU:
1. Advent would provide technologies of Tuxia GmbH, Germany to TVS Electronics Ltd (TVSE) for incorporating the same into set top boxes to be manufactured by TVSE as per Advent's Specifications
2. TVSE agreed to be Advent's manufacturing partner to provide support in Indian and global markets for set top boxes in the areas of engineering, product management, sourcing, manufacturing and after sales service using 300 locations of TVSE in India
3. TVSE would manufacture set top boxes according to specification provided by Advent on terms and conditions to be defined in a separate agreement
4. TVSE agreed to provide manufacturing capacity as follows a. 15,000 units per month in the first quarter b. 30,000 units per month in the second quarter c. 50,000 units per month in the third quarter d. 60,000 units per month in fourth quarter.
Business areas of the company:
The companyâ€™s main object is to carry on the business of manufacture and dealer in computers, computer hardware, computer software and computer systems, both in India and abroad.