Continental Controls Ltd Company Summary

Continental Controls Ltd Summary

Continental Controls Limited, promoted by Onelife Capital Advisors Limited is engaged in the business of manufacturing of Thermal Overload Protector. It has a worldwide network, single sales office, a warehouse and a work force of over 30 people that sell a single product to about 30 customers in India and Abroad.Continental Controls Limited, incorporated in March, 1995 has taken over the partnership firm in April, 1993. CCLs manufacturing facility is located at Silvassa to manufactre Thermal Overload Protectors was set up with technical knowhow from Ingenieur- Buero Sarzaeim, Germany. It came out with a public issue in Dec.95 to part-finance this project. The commercial production of Overload Protectors commenced in 1996-97. During 1999-2000, the Company diversified into the business of Software Development. On 15 December, 1999, the Company made an additional allotment of 30,00,000 equity shares on preferential allotment basis.In January 2004, Company merged into itself the entire undertaking and business of Continental Softech Ltd (SCL). On 14.12.2004, company allotted 836812 Equity Shares of Rs.10/- each to the shareholders of Continental Softech Ltd, pursuant to the scheme of Amalgamation of Continental Softech Ltd with the Company.During the year 2008-2009, the Company demerged its Software Services Division into another Company via Quest Softech (India) Ltd. which was approved by Honble High Court of Bombay vide its order dated September 5, 2008.