| Our Company was incorporated on the 24th day of January, 2000, under the
name 'Global e-Com (India) Private Limited' under The Companies Act, 1956
(1 of 1956). Our Company was converted into a public Limited Company with
effect from 8th February, 2000 and the name of our Company was changed to
Global e-Com (India) Limited. Thereafter, on 11th day of April, 2000, name of
our Company was again changed to 'Balwas e-Com India Limited'.
In April 2003, Balwas e-Com India Ltd was acquired by IT People Private Limited,
by way of acquisition of 63,93,100 Equity Shares from the Promoters of Balwas
e-Com India Limited for a consideration of Rs.2.20 per Equity Share and
subsequently made an open offer for acquisition from the remaining shareholders
through a prospectus filed with SEBI. Under new management, name of our
Company was changed to Starmax Infomedia Limited and a fresh certificate of
incorporation, consequent to the change of name was granted to our Company
on October 28, 2003.Thereafter w.e.f. 22nd day of November, 2004, name of our
Company was again changed to its present name 'IT People (India) Limited'
Our company is in receipt of Certificate of Registration from BSI Management
Systems (I) (P) Ltd. - New Delhi, for "Information Security Management System"
- ISO/IEC/ 27001: 2005 issued on 09/07/2007 and expires on 16/10/2008.
Milestones Achieved by our Company
Year Milestone
Jan 2000 Incorporation of Global e-Com (India) Private Limited.
Feb 2000 Change of name to Global e-Com (India) Limited
Apr 2000 Change of name to Balwas e-Com India Limited
Apr 2003 Acquisition of Balwas e-Com India Limited by IT People Private Limited
Oct 2003 Change of name to Starmax Infomedia Limited
Nov 2004 Change of name to IT PEOPLE (INDIA) LIMITED
Feb 2005 www.itpeopleltd.in Beta site launched in India
Jun 2005 Six Branches all across India operational
Jul 2005 BS7799 Certification
Oct 2005 Tie-up with Dubai Outsource Zone
Dec 2005 IT People.com soft launched in India
Jan 2006 IT People Awards for Excellence instituted
Feb 2006 IT Moves launched, a magazine for IT jobs
Feb 2006 IT People Middle East Portal soft launched
July 2007 ISO/IEC/27001:2005 certification
2006
-Company has splits its Face value of Shares from Rs 10 to Rs 2
2008
- Mr. Suhas Ganpule, is appointed as an Additional Independent Director of the Board.
2009
- The Company has successfully completed placement of GDR and the Board of Directors at its meeting held on May 25, 2009 approved & allotted equity shares of Rs 2 each represented in the said GDR.
2010
- IT People - Receipt of "in-principal" approval for setting- up nationwide multi commodity exchange.
- IT People - IFFCO acquires equity stake in Universal Commodity Exchange (UCX).
2011
- IT People - IDBI Bank taken an equity stake in Universal Commodity Exchange.
- The Board has recommended the Dividend @ Rs. 0.10 per share.
- The Company has approved the name made available by Registrar of Companies for Change of Name of "IT People (India) Ltd" to "Commex Technology Ltd".
-Registered Office of the Company has been shifted From 3A, Udyog Nagar, S. V. Road, Goregaon (West), Mumbai - 400062 To Exchange House, Building No. 8 (105), Sector II, Millennium Business Park, Mahape, Navi Mumbai - 400 701.
2012
- The Board has recommended the final dividend at the rate of 6% (Rs. 0.12 Paisa) per equity share of Rs. 2/-each.
- Mr. Vineet Kakkad, an Associate member of The Institute of Company Secretaries of India has been appointed as Company Secretary & Compliance Officer of the Company .
- IT People - Universal Commodity Exchange Ltd gets Consumer Affairs Ministry's Approval.
- Commex Technology’s UCX receives recognition from government.
-The Company has changed its name from IT People (India) Ltd. to Commex Technology Ltd.
2013
-The Registered Office of the Company has been shifted fromfrom 3A, Udyog Nagar, S.V. Road, Goregaon West, Mumbai - 400062 to "Dev plaza, 506, 5th Floor, S. V. Road, Andheri West, Mumbai - 400053".
-Commex Technology Ltd has commenced a operations of "Universal Commodity Exchange Limited".
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