Pavan Kumar Kuchana – Company History – Taksheel Solutions Ltd.

Our Company was set up in 1999 with a vision of simplifying Information Technology for business. Our Company has since than evolved to emerge as a specialized solutions provider offering Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance.

Our Company was incorporated on 23rd September 1999 as IBSS Techno-Park Private Limited at Hyderabad,Andhra Pradesh, under the Companies Act, 1956. Subsequently, the name of the Company was changed to Taksheel Solutions Private Limited on 29th November 2006. Later, converted into a Public Limited Company by passing the Special Resolution in the Extra-Ordinary General Meeting held on 06th December 2006 and the Registrar of Companies, Andhra Pradesh, Hyderabad had issued a fresh certificate of incorporation consequent on such conversion on 28th December 2006. The Company is engaged in the business of providing Information Technology services to Wealth Management Service providers. Our Company’s CIN is:U72200AP1999PLC032556.

Our Promoters are Mr. Ramaswamy Kuchana and Mr. Pavan Kumar Kuchana (Individuals) and Lexicon Private Limited (Corporate Promoter). Mr. Pavan Kumar Kuchana is the present Chairman and Managing Director of the Company with a vision to carry forward and to build a global organization with a focus on delivering value to customers.

The Company’s solutions/services, in general technical areas, include the following:

• Wealth Management Solutions • Telecom Solutions • Application Development & Maintenance • Data Warehousing & Business Intelligence • Offshore Outsourcing

Major Events and Milestones of our Company 1999

1. IBSS Techno-Park Private Limited was Incorporated 2000

2. Expansion of IBSS Techno-Park Private Limited to support US operations

3. Setting up of 150-seat capacity at Hyderabad 2001

4. Entered into Banking, Financial Services and Insurance (BFSI) Sector 2003

5. Received ISO 9001:2000 certification 2005

By 100% acquisition, International Business Software Solutions (IBSS) Inc., New Jersey based IT and ITES Solutions providers become the Wholly Owned Subsidiary of Taksheel Solutions Limited. 2006

Converted into Public Limited Company 2007

Acquired Business Intelligence and Data Warehousing business of Dataformix Technologies Inc., USA 2009

Company has Set up a new SEZ unit at Lanco Hills Technology Park Private Limited (SEZ) Hyderabad 2009

Telecom Software products was acquired from Verisoft Business Solutions Private Limited 2010

Dis-investment of 100% subsidiary of International Business Software Solutions (IBSS) Inc, a New Jersey, USA

2011

Received ISO 9001:2008 certification

Opened a branch office in No:1 Raffles Place, # 28-02, Singapore

Started a non SEZ software development center in Warngal, India on 29th June 2011 and office is located at IT Park, Madikonda Village, Madikonda,Warangal, Andhra Pradesh – 506 142.