Mindteck (India) Ltd
NSE: MINDTECK BSE: 517344
₹150.93
(1.45%)
Wed, 07 Oct 2026, 04:01 pm
Market Cap (in Cr)485.07
PE Ratio15.50
Dividend0.66
Technology Services
Information Technology Services
24.5KCompany History
1985
- Incorporated on 4 Feb as Hinditron Instruments Pvt. Ltd. in Bangalore for oscilloscopes and instruments.
- Main object: manufacturing and marketing electronic test and measurement equipment.
1987
- 75,000 equity shares subscribed by Hinditron Group.
1988
- Converted to public limited company on 28 Sep; name changed to Hinditron Tektronix Instruments Ltd.
- Promoted by Hinditron Group and Tektronix Inc. USA.
- Appointed sales representative for Tektronix products in India on 1 Oct.
- Entered warranty services agreement for Tektronix products.
- Entered 10-year technical collaboration with Tektronix for portable oscilloscopes.
- Subdivided shares on 15 Jul; issued 2,250,000 shares including to Tektronix, promoters, employees, and public.
1989
- Successfully launched 2400 series oscilloscopes.
- Introduced six real-time and digital storage oscilloscope products.
1991
- Introduced ten real-time oscilloscope models.
- Established 100% EOU at Seepz for software export.
1992
- Issued 600,000 rights shares at Rs.40 premium (1:5).
1993
- Launched TDS scope, GPX Logic Analyzers, Logic Scopes, and Tek tools.
- Public issue of 2,700,000 equity shares on 25 Oct.
1994
- Planned new facility in Peenya Industrial Area phase-II.
- Tektronix increased shareholding to 62.38%, making company its subsidiary.
- Received approval for Software Development Centre in Santacruz SEZ, Mumbai.
- Promoted HSMIL with Schiller AG for medical equipment.
1995
- Software export affected by overseas law changes.
- Medical division established dealer network across India.
- Appointed distributor for ZYMED, Instromedix, and Medrad products.
- Operated software facilities at SEEPZ Mumbai and Bangalore.
- Established wholly owned US subsidiary HINDITRON INTERNATIONAL INC.
- Entered marketing alliances in Belgium and Australia.
- Expanded product range with foreign principals.
1996
- Software division introduced LIMS for domestic customers.
- Software division developed and supplied export packing credit system to Bank of Baroda.
- Software division became re-seller for Infosys Bancs 2000.
- Computer Graphics Division introduced desktop drum scanners and image setters from Scanview.
- Medical Electronics Division introduced Schiller AG AT-2 ECG and SP-1 pulmonary unit.
- Hinditron Schiller Medical Instruments Limited ceased to be subsidiary.
- Proposed preferential issue of equity shares up to Rs.200 lakhs.
1997
- Rationalized medical and computer graphics divisions, focused on software engineering services and networking.
- Pravin R. Gandhi, Manoj A. Shah, and Gaurang N. Sanghv resigned from Board.
1999
- Acquired 7,800,000 equity shares (65%) from Hemant S. Sonawala and Associates.
- Acquired 43,200 equity shares from public shareholders.
- Proposed name change to Mindteck (India) Limited.
- Increased paid-up capital to Rs.1,200 lakhs (June 1998) and Rs.2,000 lakhs (Jan 1999) via preferential allotments.
- Kamlesh Sonawala resigned as Director.
- Appointed Philippe Silberzahn as Managing Director.
2000
- Merged with Nicco Infotech Ltd.
- Issued 450,000 8% non-convertible cumulative redeemable preference shares.
- Acquired Mindteck Consulting Inc., US.
2001
- Allotted 1,250,000 equity shares at Rs.90 premium in rights issue.
- Appointed Sumit Ganguly as group chief executive officer.
2002
- Appointed Krishna Vaidya as GM-Marketing.
- Ravi Ramachandran joined as Director-Finance and Strategic Initiatives.
- Appointed Soumitra Ganguli as Managing Director of Mindteck India.
2003
- L M Singh resigned as Director.
- Board approved financial restructuring.
- Soumitra Ganguli resigned as Managing Director.
2006
- M G Ved took over as Chairman from K V Aiyappan.
2007
- Appointed Pankaj Agarwal and Vivek Malhotra as additional directors.
2008
- Designated investor complaints email as [email protected].
2009
- Appointed Indresh Narain and Javed Gaya as additional directors.
2011
- Appointed Narayan A Menon as Additional Director.
2013
- Shifted registered office to Prestige Atlanta, No. 10, Industrial Layout, 7th Main, 80 Feet Road, 3rd Block, Koramangala, Bangalore 560034.
- Appointed Jagdish Malkani as Non-Executive Independent Director.
2014
- Won Growing IT Services Company Award from BMA.
- Recommended 10% dividend.
- Achieved triple ISO re-certifications.
2015
- Launched IGNITE Platform.
- Entered new project phase on The Atlas Online for CID at Harvard University.
- Won state government contract.
- Collaborated on modular laptop for school children.
- Signed MOU with Alafdaliyah Group.
2016
- Expanded footprint in Midwest.
- Joined Intel Internet of Things Solutions Alliance.
- Joined GE Digital Alliance Program.
- Won home automation, AMI and system integration in smart city pilot at IIT-Kanpur.
- Implemented smart parking solution for NDMC.
- Won smart grid project for BESCOM through IIT-BHU.
2019
- Recognized as niche and emerging player by Zinnov.
2020
- Won two-year contract in Middle East.
- Recognized for job creation and gender parity in Kolkata IT sector.
2021
- Won project from analytical instrument client.
- Secured new project from European client.
2024
- Issued bonus shares in 1:4 ratio.
