Updater Services Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

The Company wasincorporated in Chennai, Tamil Nadu as‘Updater Services Private Limited’ pursuant to a certificate of incorporation dated November 13, 2003 issued by the RoC, upon the conversion of ‘Updater Services’, a partnership firm, into a private limited company, in accordance with the provisions of Part IX of the Companies Act, 1956. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of the Shareholders held on February 22, 2022, and consequently, the name of the Company was changed to ‘Updater Services Limited’, and a fresh certificate of incorporation dated March 24, 2022 was issued to the Company by the RoC.

Major events and milestones of the Company :

1990
- the Company was founded as a partnership firm between Raghunandana Tangirala and K. Hariharan for undertaking catering contracts, housekeeping and maintenance contracts, manpower hiring contracts and other allied activities

2000
- Reconstitution of the partnership firm to admit, Shanthi Tangirala, as a partner

2002
- Entered into an agreement with Saint-Gobain Glass India Private Limited for providing operations services

2003
- Conversion from partnership firm to a private limited company

2006
- Total revenue of the Company crossed Rs. 500.00 million for the Financial Year ended March 31, 2006
- Acquisition of 51% shareholding in Avon Solutions and Logistics Private Limited, a mail room management
company with a pan India presence

2010
- Entered into an agreement with one of largest private airports in India

2014
- Entered into an agreement for facility management services with a hospital
- Obtained a rating from a credit rating agency

2015
- Total revenue of the Company crossed Rs. 5,000.00 million for the Financial Year ended March 31, 2015

2016
- Entered into an agreement for providing facility management services for a metro rail

2017
- Acquisition of 100% shareholding in Stanworth Management Private Limited
- Acquisition of 65% shareholding in Fusion Foods and Catering Private Limited, which is engaged in hospitality and industrial catering

2018
- Entered into an agreement for providing and managing the human resource services at a hospital in Ahmedabad
- Acquisition of 70% stake in Global Flight Handling Services Private Limited

2019
- Rolling out Employee Stock Option Plan for its employees
- Entered into an agreement with a large conglomerate for property and facility management services at Sardar Vallabhbhai Patel – Statue of Unity
- Total revenue of the Company crossed Rs. 10,000.00 million for the Financial Year ended March 31, 2020
- Appointed as facility manager to manage the operation and management of three railway stations
- Acquisition of 75% shareholding in Matrix Business Services India Private Limited
- Acquisition of 76% shareholding in Washroom Hygiene Concepts Private Limited

2020
- Entered into an agreement for operation and maintenance of liquid terminal at Kattupali Port
- Entered into an agreement with one of the leading medical education and research institute in Pondicherry

2022
- Acquisition of 57% shareholding in Athena BPO Private Limited

2023
- Total revenue of the Company crossed Rs. 20,000.00 million for the Financial Year ended March 31, 2023.