Cambridge Technology Enterprises Ltd Company Summary

Cambridge Technology Enterprises Ltd Summary

Cambridge Technology Enterprises Limited was originally incorporated on 28 January, 1999 as Unique Solutions (India) Private Limited at Hyderabad, Andhra Pradesh. The name of the Company was changed to Cell Exchange (India) Private Limited on January 21, 2003 and subsequently to Cambridge Technology Enterprises Pvt Ltd on 12 March, 2004 which was reverted back to its old name i.e. Cell Exchange (India) Private Limited on 22 July, 2004 and on 16 March, 2005 the name was changed to Cambridge Technology Enterprises Private Limited. Thereafter the status of the Company was converted into a Public Limited Company and the Registrar of Companies, Andhra Pradesh had issued a fresh Certificate of Incorporation on such conversion on March 31, 2006 reported as Cambridge Technology Enterprises Limited.The Company primarily operates in the software development. The Company is a global business & technology services company. The technology services help businesses to establish a critical foundation for digital and AI transformation through strategic workshops and assessments, ready-to-deploy solutions, R & D implementation cycles. During the year 2009-10, 100% of the shareholding in CTE Global Solutions Private Limited (formerly known as ComCreation Technologies Private Limited) was sold off at book value / net asset value to Tejesh Kumar Kodali and MNA Infrastructure Private Limited after transferring all business contracts and delivery infrastructure to CTEL, Bangalore branch. The subsidiaries, Reilly and Associates Inc., ComCreation Inc., and Cell Exchange Inc., USA got merged with Cambridge Technology Enterprises Inc., USA. in 2011. In July 11, Company launched The University of Cloud (UoC), in partnership with Q-Soft.During year 2012-13, the Company made a petition with the High Court of Karnataka which envisaged merger between Company and its wholly owned subsidiary Cambridge Technology India Private Limited (CTIPL), Bangalore, effective from 1st April, 2012. Cambridge Technology Inc USA. was incorporated as new subsidiary to the Company during year 2014-15. Cambridge Technology India Private Limited ceased to be Subsidiary of Company during 2014-15. During the year 2015-16, two new companies got incorporated as subsidiaries to Cambridge Technology Enterprises Ltd viz., Cambridge Technology Investments Pte. Ltd., Singapore and Cambridge Bizserve Private Limited, India.A subsidiary and a step-down subsidiary to Cambridge Technology Enterprises Ltd were incorporated viz., Cambridge innovations Private Ltd., India and Cambridge Innovations Capital LLC, USA respectively during FY 2016-17. During FY 2017-18, a new entity was incorporated as a step-down subsidiary to Cambridge Technology Enterprises Ltd viz., Cambridge Bizserve Inc., Philippines, a subsidiary of Cambridge Technology Inc., USA, a wholly - owned subsidiary to company. M/s Kupfer Management Pte Limited, Singapore, ceased to be Step - down Subsidiary of the Company during the year 2019. Cambridge Bizserve Private Limited & Cambridge Innovations Private Limited ceased to be Subsidiaries of the Company during the financial year 2019-20 and M/s Cloud Computing Global Pte. Ltd., Singapore ceased to be Step-down Subsidiary of the Company in April 2020. Cambridge Technology Investments Pte. Ltd., Singapore, wholly owned subsidiary of the company has set-up a wholly owned subsidiary in Malaysia by name CT Software Solutions Sdn. Bhd. during the year 2020-21. Cambridge Technology Investments Pte. Ltd., Singapore has subscribed towards 50 shares in Joint Venture Company named ECD CTL Pte. Ltd., which amounts to 50% interest in Joint Venture entity during FY 2019-20, and ECD CTL Pte. Ltd., ceased to be step down Joint Venture of the company during 2020-21.FA Software Services Private Limited was made a Subsidiary of the Company upon the acquisition of 80% of voting rights/equity shares of FA Software Services Private Limited in 2023. Similarly, CTE Web Apps Private Limited was incorporated as Wholly Owned Subsidiary during the period ended March 31, 2023.The Company incorporated a wholly owned subsidiary under the name N2T1 AI Solutions Private Limited on April 21, 2024.