Groarc Industries India Share Price

Groarc Industries India Limited was initially incorporated as Telesys Software Private Limited in October 1992. The Company subsequently was changed into a Public limited company and the name of the Company was changed to Telesys Software Limited in November 1999. Again, it was changed to Telesys InfoInfra (I) Limited on 5 November 2009 and later, the name of the Company was changed to Groarc Industries India Limited in 2024. Company operated into two segments i.e. Software development sales in India and infrastructure, real estate and allied activities. The Company started its Data Center at Madras in 1993 for processing various data by using computer technology. It developed and installed customised software catering to industries such as Hotels, Hospitals, Education Institutions and Transport industry segments. At present, it has two development centers in Chennai with about 50 software professionals.The Company on 10 February, 2000, came out with a public issue of 50,00,000 equity shares of Rs 10 each for cash at a premium of Rs 5 per share aggregating to Rs 750 lakhs to provide funds for the expansion of software development facilities and market development of the products.The Company embraced the Agile method of development, enabling productivity and innovation. It developed and delivered the first softwarebased, highly available signaling solution to ATT Wireless in 1999, helping this Tier 1 carrier to become the only operator supporting SS7 Signaling over IP within its network, a true feat for the time. As an industryleading software provider, the Company have proved in delivering multigenerational signaling solutions to all of the worlds largest service providers for voice, video, and data communications. When the industry started to move towards costoptimizing virtualization, their cloudready software have enabled operators to deploy and seamlessly migrate their solutions from bare metal to a cloud infrastructure.