Cyient Ltd
NSE: CYIENT BSE: 532175
₹1191.90
-3.50 (0.29%)
Sat, 24 Oct 2026, 01:42 am
Market Cap (in Cr)12527.62
PE Ratio35.01
Dividend2.51
Technology Services
Packaged Software
24.5KCyient Ltd Company History
1991
- Incorporated as Info Tech Enterprises Private Ltd on August 28 for software development and export.
- Promoted by B.V.R. Mohan Reddy, K. Rajan Babu, and B. Sucharitha.
1992
- Commences commercial operations.
1995
- Acquires 128 KBPS satellite link from STP Hyderabad.
- Establishes homepage on World Wide Web.
1997
- Receives ISO 9002 certification for CADD/GIS services.
- Sets up facilities for engineering consultancy, CAD/GIS, software, and product development.
- Floats public issue of 23.25 lakh shares with safety net.
1998
- Enters agreement with APTA Conseil for software development.
- Enters agreement with Navionics for digitisation services.
1999
- Acquires Cartographic Sciences from US-based ASI.
- Completes GIS project for Bharti Telenet and receives Fast Track Award from SmallWorld.
- Sets up specialised JAVA programming team.
- Launches ERP product for manufacturing SMEs.
2000
- Ties up with OpenShop as exclusive distributor in India.
- Issues 2.18 lakh equity shares to Dataview Solutions shareholders.
- Completes software development contract for Nova Development Corporation.
2001
- Andhra Pradesh High Court approves amalgamation of Cartographic Sciences Ltd effective April 1.
2002
- Allots 10,80,010 shares and 3,00,000 warrants to Carrier International Mauritius Ltd.
- Forms strategic alliance with Pratt and Whitney.
- Appoints Charles W Ayer as additional director.
- Assessed at CMM Level 5.
- Shareholders approve 1:1 bonus issue.
- Wins long-term GIS contract from KPN Telecom.
2003
- Allots 41,050 equity shares under Associate Stock Option Plan.
- Forms alliance with TerraQuest for UK e-government.
- Forms alliance with Certive for business intelligence.
- Appraised at CMMI Level 5.
- Appoints Richard Green as non-executive director.
- Signs long-term contract with Tele Atlas for map data conversion.
- Approves delisting from Hyderabad, Madras, and Delhi exchanges.
- K Basi Reddy sells 20,000 shares.
- Signs outsourcing contract with Bombardier Transportation for engineering services.
2004
- Acquires VARGIS, US GIS company.
- Delists from Madras Stock Exchange effective October 19.
2005
- Enters strategic agreement with Ten Sails.
- Inaugurates US geospatial facility at Frostburg, Maryland, managed by VARGIS.
2006
- Issues 1:2 bonus shares.
- Splits share face value from Rs 10 to Rs 5.
2007
- Appoints Bill Grabe as additional director.
2008
- Appoints Sunish Sharma as alternate director to Bill Grabe.
- Signs multi-year contract with Tele Atlas for map database and software services.
- Signs MoU with Institute of Aeronautical Engineering and M L R Institute of Technology.
- Appoints Don Kielty as VP North America Sales for manufacturing.
- Appoints William P Henry as additional director.
2009
- Awarded RBNQA Performance Excellence Trophy.
- Opens branch office in Malaysia.
- Establishes wholly owned subsidiary Infotech Enterprises Japan K K.
2010
- Signs long-term agreement with Hamilton Sundstrand Corporation.
- Acquires Wellsco Inc., USA.
- Signs agreement with Westinghouse Electric Company.
- Signs long-term agreement with Seawell AS.
- Issues 1:1 bonus shares.
2011
- Establishes Integrated Global Aerospace Practice.
- Awarded Supplier of the Year by Boeing.
- Signs MoU with JNTUK Kakinada.
- Receives award for German-Indian business relations.
- Wins Asia's Best Employer Brand Award for retention strategy.
- Signs MoU with IIT Hyderabad.
2012
- Enters MoU with Health Awareness Promotion Project India.
- Signs MoU with UPES Dehradun.
- Signs MoU with Sri Vishnu Educational Society.
- Selected by JT for integrated GIS solution.
- Wins Golden Peacock Award for Corporate Governance.
- Signs partner agreement with ViryaNet.
2013
- Inaugurates Alstom Transport RSC Engineering Center in India.
- Inaugurates office in Silicon Valley.
- Inaugurates development center in Kakinada.
2014
- Wins ICSI National Award for Excellence in Corporate Governance.
- Changes name to Cyient Ltd.
- Announces acquisition of Softential.
- Announces acquisition of majority stake in Invati Insights.
2016
- Inaugurates global design center in Bengaluru for SMEC.
- Launches 54 CDC in Telangana.
2017
- Enters non-exclusive alliance with EA Technology.
- Recognized at CII Industrial Innovation Awards.
- Signs alliance with Kii Corporation.
- Receives Leader in Corporate Innovation Award from Indo-American Chamber of Commerce.
2018
- Recognized as Major Contender in Everest Group PEAK Matrix for Medical Device Engineering Services.
- Launches Connected Equipment Offering.
- To develop GIS and MIS for Varanasi.
- Signs agreement to acquire 100% of Cyient Insights.
- Partners with India 2022 Coalition for technology-enabled healthcare solutions.
2019
- Launches solutions for 5G deployment.
- Announces strategic investment in rail cybersecurity company Cylus.
- Announces partnership with OneStrand Inc. for interactive technical publication solutions.
2020
- Inaugurates state-of-the-art development center in Warangal.
- Inaugurates wire harness lab for production and prototyping in Peoria office.
- Telangana State and MedTechConnect launch Project Tej.
2021
- Wins top honors at NASSCOM Engineering and Innovation Excellence Awards.
- Supports UK's HMLR to centralize and digitally register local land charges records.
- Expands digital solutions portfolio for aerospace industry with PPAP4Aero.
- Launches Private 5G Center of Excellence and signs MoU with IIT Hyderabad.
- Named Major Contender in Everest Group PEAK Matrix for Digital Product Engineering Services.
2022
- Launches AI-powered framework for automated system and software testing.
- Announces acquisition of Portugal-based Celfinet.
2023
- Celebrates innovation with 5500 innovators across 76 countries in CyientifIQ Innovation League.
2024
- Cyient's Founder Chairman receives Lifetime Achievement Award at Institute of Directors London event.
- Announces merger of Citec Engineering India Private Limited with Cyient Insights Private Limited.
- Receives Premier Award for Excellence from RTX for the 3rd consecutive year.
