Adroit Infotech Ltd Company Summary

Adroit Infotech Ltd Summary

Adroit Infotech Ltd is engaged in providing software development and consulting services.Adroit is one of the leading SAP solutions company and also providing SAP consultancy services. The company offers data analytics & mobility,conventional SAP ECC,SAP education,enterprise solutions and software development and consultancy services.A Scheme of Amalgamation between Sphere Global Services Limited (Transferee Company) and Adroit Infotech Limited (Transferor Company) and their respective Shareholders and Creditors(Scheme), was proposed by the Board of Directors of the Transferee Company and the Board of Directors of the Transferor Company for the purpose of Amalgamation of Adroit Infotech Limited (Transferor Company) with Sphere Global Services Limited (Transferee Company) on a going concern basis with effect from 01.04.2017 (First Day of April, Two Thousand and Seventeen) being the appointed date.Sphere Global Services Limited was originally incorporated as a Public Limited Company under the name and style Rusoday Mutual Funds Limited in the erstwhile state of Andhra Pradesh (presently the state of Telangana) on 19th day of March, 1990, under the provisions of Companies Act, 1956, vide Certificate of Incorporation Number 01-11129 of 1989-90, issued by the Registrar of Companies, Andhra Pradesh. The Company obtained the Certificate of Commencement of Business on 23rd day of March, 1990. Subsequently, the Company change its name to Rusoday Finance Limited, by following the due procedure laid down under the provisions of the Companies Act, 1956 and obtained a Fresh Certificate of Incorporation from the Registrar of Companies on 04th day of June, 1996.The Company once again changed its name to Global Fiscals Limited, by following the due procedure laid down under the provisions of the Companies Act, 1956 and obtained a Fresh Certificate of Incorporation from the Registrar of Companies on 06th day of June, 1996. The Company, in the year 1997, once again changed its name to Arham Fiscals Limited, by following the due procedure laid down under the provisions of the Companies Act, 1956 and obtained a Fresh Certificate of Incorporation from the Registrar of Companies on 28th day of April, 1997. Later, the name of the Company was once again changed to Color Chips (India) Limited, in terms of provisions of the Companies Act, 1956 and a Fresh Certificate of Incorporation was obtained from the Registrar of Companies on 05th day of January, 2000. In the year 2014, the Company once again changed its name to its present name Sphere Global Services Limited, by following the due procedure laid down under the provisions of the Companies Act, 1956 and consequent upon change of name the Company obtained a Fresh Certificate of Incorporation from the Registrar of Companies on 01st day of October, 2014. The present Corporate Identity Number (CIN) of the Company is L72300TG1990PLC011129. The PAN of the Company is AACCA9175H.Pursuant to the approval of merger of M/s. Sphere Global Services Limited (Transferee Company) and its wholly owned subsidiary M/s. Adroit Infotech Private Limited(Transferor Company) effective from 1st day of April, 2017, the Company has made an application with the Registrar of Companies, Andhra Pradesh & Telangana and the Registrar of Companies Andhra Pradesh & Telangana, has approved the name change of the Company from Sphere Global Services Limited to Adroit Infotech Limited w.e.f. 21st Day of February, 2018.The equity shares of the company has been listed for trading in BSE and NSE.The company has two subsidiaries as on 31 March 2020 and both are established in the Middle East namely,i.Sphere Global Services FZ LLC,ii.Adroit Infotech DMCC.