Millennium Online Solutions (India) Ltd Company Summary

Millenium Online Solution (I) Limited was erstwhile incorporated as Mahamaya Investments Limited in April 1980. The Company changed its name from Mahamaya Investment Limited to Millennium Online Solutions (India) Limited and obtained Certificate from the Registrar of Companies, Mumbai dated June 21, 2013. Initially, the Company was engaged in financial services.

It came out with a rights issue in 1994 at a premium of Rs 5.In 1994-95, the company was offered, on a rights basis, equity shares of Indian Dyestuff Industries and Mafatlal Dyes & Chemicals. The company subscribed to these including additional shares. Investment in the said shares was financed partly through the proceeds of the rights issue made and partly by disinvesting some of the investment of the company.In compliance with the provisions of the non-banking financial companies (Reserve Bank) directions, the company made investments in the Unit Scheme 1964 of the Unit Trust of India and Kisan Vikas Patra issued by the Government of India.

Of these, Rs.1.98 lac of UTI has been disposed off and Rs.1.50 lacs of Kisan Vikas withdrawn on maturity during the year.The Company diversified into Information Technology Sector particularly hardware sector in 2013. Presently, the Companys business is of providing all kind of services relating to Computer hardware and its peripherals.