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EXPLEO SOLUTIONS LTD.

05 January 2026 | 03:41

Industry >> IT Consulting & Software

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ISIN No INE201K01015 BSE Code / NSE Code 533121 / EXPLEOSOL Book Value (Rs.) 453.39 Face Value 10.00
Bookclosure 12/02/2025 52Week High 1418 EPS 66.52 P/E 14.81
Market Cap. 1528.93 Cr. 52Week Low 735 P/BV / Div Yield (%) 2.17 / 5.08 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was incorporated on June 8, 1998 under the Companies Act, 1956 as a private limited company under the name and style of Relliant Global Services (India) Private Limited with the Company Number being 08/23821 and having its registered office in Karnataka. Subsequently it changed its name to Thinksoft Global Services Private Limited on December 17, 1999. Further, the Company changed its registered office from the state of Karnataka to the state of Tamil Nadu and a Fresh Certificate of Incorporation Consequent on Change of registered office address was issued by the Registrar of Companies, Tamil Nadu, Chennai, Andaman & Nicobar Islands, on February 26, 2008. The status of the Company was changed to a public limited company by a special resolution of the members passed at an Extra-Ordinary General Meeting held on July 22, 2008. The fresh certificate of incorporation consequent on change of name was granted to the Company on August 19, 2008 by the Registrar of Companies, Tamil Nadu, Chennai, Andaman & Nicobar Islands.

The Company is primarily engaged in software testing services focusing on Banking, Financial and Insurance services industry.

Key Events and Milestones:

Year        Event
1998 The strength of the unique business model - "Independent financial software testing and business requirements assurance" encourages the founders to incorporate the company as a Private limited company in India.

1998 Citigroup engages Thinksoft for independent software testing and business requirements assurance services for a global project.

2000 More global banks select Thinksoft as their testing partner

2000 Euro Indo Investments becomes an Investor in Thinksoft

2001 Thinksoft opened UK branch and a subsidiary in Singapore

2002 Thinksoft received ISO 9001:2000 certification from KPMG Quality Registrar specifically for "Offshore software testing for Banking, Financial services and Insurance organisations"

2002 Thinksoft opened subsidiary in USA

2003 Thinksoft selected as a Global testing partner for one of the world's largest financial services organizations

2003 Expanded office network in London, Chennai and Mumbai

2003         Received order for testing one of the largest core banking
                  implementations in the world
2004 National Stock Exchange IT and Thinksoft announce strategic partnership

2005 Thinksoft and Bhratathidasan Institute of Management(BIM) announce software testing course

2005 Thinksoft opened subsidiary in Germany

2006         Thinksoft wins signature clients in new geographies, opens subsidiary in
                  Germany

2007         Ranked by Deloitte as the 20th fastest growing technology company in
                   India (Deloitte Fast 50) and 168th fastest growing in Asia Pacific
                   (Deloitte Fast 500) for the year 2006

2007        Company received ISO 27001:2000 Certification from Underwriter Labs,
                 USA.
2007 Company opened place of establishment in Hong Kong.

2008 Ranked by Deloitte among the 50 fastest growing technology companies in India ( Deloitte fast 50) and among the 500 fastest growing in Asia Pacific for 2007 ( Deloitte Fast 500)

2008 Company opened branch office in Belgium

2009       Ranked by Deloitte among the 500 fastest growing in Asia Pacific for
               2008 ( Deloitte Fast 500)
2010

-CII Exim Award for Business Excellence 2009 to Thinksoft.

-Thinksoft expands operations in India

-TalentSprint and Thinksoft Global Launch Financial Software Testing Certification Program to Benefit Fresh Graduates.

2011

-Thinksoft bags "Certificate of Excellence" from Inc.India magazine.

-Thinksoft Gl - Thinksoft sets up office in Mumbai

-Thinksoft signs Rs. 50 million deal with the Reserve Bank of India.

-Thinksoft Global announces Partnership with U.S.based Nastel Technologies.

2012

-Thinksoft acquires own premises in Chennai.

-Thinksoft Global Services ties up with NPCI.

-NPCI selects Thinksoft Global Services to validate its Payments Systems.

-Registered Office of the Company has been shifted from "Type-II, Unit-5, Dr. Vikram Sarabhai Instronics Estate, Thiruvanmiyur, Chennai - 600 041" to "6A, Sixth Floor, Prince Infocity II, No. 283/3 & 283/4, Rajiv Gandhi Salai, (O M R), Kandanchavadi, Chennai - 600 096"

2013 -"SQS and Thinksoft join forces to create the worlds largest independent BFSI testing organisation". -Thinksoft inaugurates its new delivery centre at Chennai.

2014

-The company name has been changed frm "Thinksoft Global Services Limited" to "SQS India BFSI Limited" and he trading symbol of the Company be changed from THINKSOFT to SQSBFSI w.e.f. September 30, 2014.

2015 -Entering into Agreement with Media Company (Christensen Investor Relation (India) Private Limited)

2019 -Company name has changed to Expleo Solutions Ltd. from SQS India BFSI Ltd.