Onward Technologies Ltd

Summary

Onward Technologies, a Onward group company, operates in the ITES segment through its Engineering Design Services Business and in the IT software Segment through its Software Development Business.Originally it was incorporated under the name Onward Engineering Technologists Private Ltd in 1991 and represented International Leaders in M-CAD & E-CAD Technologies Viz. Autodesk, SDRC, Viewlogic & Chemshare for Indian Market. In 1993 it started developing software for computer controlled CNC Machines. Later in 1994, the business lines of erstwhile groupcompanies the Onward Computer Technologies Pvt Ltd.,(a System Integration Company) and Onward Network Technologies Pvt Ltd.(A Network Solutions Company) were acquired to consolidate synergistic business in IT. The company was also converted into a public limited company and the name changed to the present one in the year 1994. The company has also made its maiden public offer at a premium of Rs.40/- per share in the same year.In 1995 the company has entered into a strategic tie-up with Structural Dynamics Research Corporation being Sole distributor on al hardware platforms. The company has closed the system integration division in the year 1997 and shifted its focus to professional services and solutions business. The company tie-up with Set Point, US, for its process simulation software. OTLs banking group offers branch automation solutions like total branch mechanisation based on PC Lan Netware, microcomputer-based advanced... Read More