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सदर्न बायोटेक > कंपनी इतिहास > Miscellaneous > कंपनी इतिहास का सदर्न बायोटेक - बीएसई: 532669, NSE: N.A

सदर्न बायोटेक

बीएसई: 532669  |  NSE: N.A  |  ISIN: INE371B01015  |  Miscellaneous

कंपनी इतिहास - सदर्न बायोटेक
Southern Online Bio Technologies Limited was originally incorporated
 as
 Southern Online Services Private Limited vide certificate of
 incorporation no. 01-30463 dated November 9, 1998 with Registrar of
 Companies, Andhra Pradesh at Hyderabad and subsequently converted
 into
 a Public Company on January 4, 2000. The name of the Company has
 been
 changed to Southern Online Bio Technologies Limited on March 31,
 2004.
 The name of the Company has been changed to reflect the new line of
 business in which the Company is venturing.  The Company is promoted
 by
 C. M. Ramesh, N. Satish Kumar, K. Radha Krishna, B. Sreedhara Reddy
 and
 B.H.R. Balaji.  The Company made an Initial Public Offer of
 13,40,300
 shares of Rs. 10 each at par on May 5, 2000 and was listed on the
 HSE
 and BgSE.
 
 The Company entered into an Agreement with the Government of India,
 Ministry of Communications and Information Technology, Department of
 Telecommunications and the Telecom Commission vide License Agreement
 no. 820-75/98- LR dated December 10, 1998 and License Agreement no.
 820-75/2002/LR dated June 4, 2002 for providing VOIP services.
 
 
 The aforesaid License entitles the Company to provide Internet and
 other specified services in the Andhra Pradesh circle which
 constitutes
 the state of Andhra Pradesh. The Company was exempt from paying any
 License fees up to October 31, 2003 and pays a nominal License fee
 of
 Re. 1 per annum since the said date. The Company has also furnished
 a
 performance bank guarantee for providing the internet and specified
 services.  The License as specified within the aforesaid License
 Agreement is valid for a period of 15 years extendable on request of
 the Company for a minimum period of 5 years or longer period based
 on
 the discretion of the Licensor.  The Company was one of the first
 ISPs
 to commence operations in the State of Andhra Pradesh. The Company
 provides internet services such as Dialup service, Lease lines, web
 hosting services, dedicated and collocated servers, FTP services.
 
 The Company has more than 10,000 dial-up customers and around 120
 corporate customers to its database. Valued customers include
 Osmania
 University, JNTU, , A. P. State Anti-Corruption Bureau, AP Forensic
 Lab, Society for elimination of Rural Poverty, , Value Labs, Talluri
 Technologies, Brigade Corporation, Northgate BPO, Navionics
 Technologies Ltd etc. to name a few.  In spite of recession in IT &
 IT
 enabled market, Southern Online has achieved a decent turnover of
 around Rs.332.12 lacs, Rs.309.04 lacs, Rs.307.10 lacs & Rs.310.44
 lacs
 with a net profit of Rs.64.24 lacs, Rs.5.97 lacs, Rs.4. lacs &
 Rs.4.64
 lacs for the Financial Years 2000-01, 2001-02, 2002-03 & 2003-04
 respectively. The ISP business witnessed significant competition in
 the
 year 2002, consequently the tariffs declined significantly vis--vis
 2001. The decline in profits was steep from Rs. 64.24 lacs in FY01
 to
 Rs. 5.96 lacs in FY02. The Company has achieved a turnover of
 Rs.400.19
 lacs with a PBT of Rs.24.97 lacs for FY2005 when compared to
 turnover
 of Rs. 309.94 lacs with PBT of Rs.5.03 lacs for FY2004.  The Company
 has entered into strategic technical and business tie-ups with
 leading
 Companies like HCL Info systems, CMC Ltd, Intel ISP, Global Telecom
 Ltd., RIL, Bharati, etc. with a view to take advantage of the
 current
 market scenario and penetrate into new market segments.  The Company
 has executed application projects for Idea Cellular Ltd. (erstwhile
 TATA Cellular Ltd.) and also has a tie-up with CMC Ltd., and executed
 a
 billing software project for their ISP operations. Apart from that
 it
 has team of experts in web designing who has executed various
 projects
 for customers.  However, considering the opportunities in the field
 of
 manufacture and supply of alternative fuels to petroleum based
 fuels,
 the promoters have decided to diversify into manufacture and supply
 of
 bio - diesel. Bio - diesel is an alternative fuel which is derived
 from
 non edible vegetable seed oils such as Pongamia, Jatropha, etc. The
 Company has acquired the entire share capital of Southern Biofe
 Biofuels Pvt. Ltd. recently to execute this project.
 
 
 
 Major events in the history of the Company is given below: 
 Year Event
 1998-99  Launched ISP services 
 2000 IPO 
 2002 Started research on Bio Diesel
 2003 MD Visited World Bank to attend the Development Market
 Place Competition and Knowledge Exchange at the World Bank
 Headquarters, in Washington D.C 
 2004 Acquisition of Southern Biofe Biofuels Pvt. Ltd. 
 Agreement entered with ICRISAT for technical assistance 
 for plantation of Jatropha & Pongamia.  Approval received
 from the Ministry of Environment & Forests, Government of India, New
 Delhi for sale of Carbon Emission Reductions (CERs).  
 2005 Foundation stone laid at the bio diesel manufacturing 
 facility at Nalgonda district Grant of 380,000 Euro received 
 from the Government of Federal Republic of Germany Agreement 
 entered with Sustainable Transformations Private Limited, 
 Bangalore for supply of 400 tons of Pongamia,Jatropha, etc. 
 Trial runs using 20% Bio Diesel blend commenced with APSRTC
 using one local transport bus on June 5, 2005
 
 
 2008
 
 - Southern online bags order from APSRTC.
 
 2013
 - Southern Online to start biodiesel production at Visakhapatnam
 unit
 
 2014
 - The Companys Visakhapatnam Biodiesel Unit has received Export
 promotion Award for the years 2011-12 and 2012-13 for its commendable
 export performance amongst SEZ units in Biodiesel Sector in State of
 Andhra Pradesh.
 
 -The Registered Office of the Company has been shifted from Flat No.
 A3, 3rd Floor, Office Block, Samrat Complex, Saifabad, Hyderabad -
 500 004 to H.No. 8-3-833/173 Kamalapuri Colony, Hyderabad - 500073.
 
 2015
 -Southern Online Bio Intimation of First Diesel Locomotive fuelled
 with blend of Bio-Diesel.
 -Southern Online Bio Tech bags bio-diesel supply order for supply of
 Bio-Diesel from South Central Railway.
 
 2016
 -Southern Online Bio Technologies starts production at Bio diesel
 unit in AP.
 -Southern Online Bio Technologies has received order from Indian Oil
 Corporation Limited for supply of 2250 Kilo Liters of Bio Diesel to
 its Secunderabad location in Telangana State.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `485 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `770 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `1762 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `360 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1119 Cr की बिकवाली
  • MARKET CUES : स्टॉक फ्यूचर्स में `256 Cr की बिकवाली
  • HDFC LIFE : Standard life आज 3.53 Cr शेयर बेचेगा
  • YES BANK : `5,000 Cr की रकम जुटाने को बोर्ड मंजूरी
  • TATA STEEL/JSW STEEL : प्रोडक्शन में 70% तक की कटौती
  • ICICI Bank/Balrampur Chini : Auxilo Fin में 9.9% हिस्सा खरीदेगा ICICI Bk

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