YEAR EVENTS 1986 - Kale Consumtants Private Limited was incorporated on September 25th under the Companies Act, 1956. The Company was a partnership firm, registered in February, 1980, under the Partnership Act, 1932, having its office at Pune. The Company was promoted by technocrat entrepreneurs, Mr. Narendra Kale and Mr. Vipul Jain - A Memorandum of Understanding was signed on 20th September between partners of KC and the promoters of KCPL. 1989 - The Company's product, InCare has won it the Young Consultants' award from Indian ministry of Science and Technology. 1993 - Praxis a product for revenue accounting was launched at the IATA Revenue Accounting in Montreal. - The Company has developed the Plutus family of software products a complete suite of software solutions for Banking Operations. 1997 - Kale Consultants Private Limited became a deemed Public Limited Company on October 29th and was renamed as "Kale Consultants Limited". - The Company is ISO 9001 certified Company. The Company specialises in solutions for service industries, particularly Banking, Airlines and Healthcare industries. - The Company has set-up offices/subsidiaries in major markets - USA and Australia. The Company is building relationships with strategic business parners in its's chosen vertical markets to enable it to reach customers globally. - The Company has created an Employees Welfare Trust ("Trust") called "Kale Consultants Limited Employees Welfare Trust" to implement the Employee Stock Option Plan. - Kale Consultant's Projects Units was set up as a separate business unit to focus on opportunities to provide additional value to its customers. 1998 - Kale Consultants NZ Limited was incorporated as 100% subsidiary of Kale Consultants Limited. 1999 - The Company allotted 5,35,000 shares of Rs 10 each to the trust for cash on June 23rd, at part. The Company has extended a loan of Rs 53,50,000 to Trust to enable the Trust to purchase the equity shares of the Company. - Winbank is the latest offering of Kale Consultants. The product was launched in May and it is a true off-the-shelf product for retail branch automation. - The company aims of making "MADE AT KALE" the most popular brand in the international market. And to achieve this, it had laid down clear strategic plans. - It has already set up subsidiaries in US, New Zealand and Australia, beside an office in Europe. The company is also interested in overseas acquisitions. Furthermore, it has recently tied-up with Microsoft and plans similar tie-up with other industry leaders. - To expand its market size it had tied-up with Speedwing (a division of British Airways PLC) as a marketing partner for its products in airline division. - It plans to introduce a new version of Plutus to meet the host-centric bank automation requirements (integrating various branches through a centralised system) and offer intranet based solutions for MIS, credit monitoring and other essential banking applications. - Kale Consultants Ltd, the Mumbai-based product-focussed company has launched four new Intranet software packages that are directed towards improving overall performance efficiency of large, multi-location organisations. - The Intranet products -- Web Friday Reporting, Web CIS, Sahayak and Web PMS -- have been tailored to the needs of the banking industry, while introducing them at the `India Internet World '99' exhibition-cum-conference here. - Kale Consultants is engaged in software product development and support services in two niche areas in the information-technology industry-banking and airlines. Its new area of operation is the hospitality and healthcare segment. - The company has set-up a Dedicated Conversion Center (DCC) in India, to undertake projects for Year 2000 code correction and testing. It has also developed a process-driven methodology to ensure consistency, quality and productivity of these services. - The Company has recently tied-up with Microsoft and plans similar tie-up with other industry leaders. - Kale Consultants Ltd, has launched four new Intranet software packages that are directed towards improving overall performance efficiency of large, multi-location organisations. 2000 - The company has launched RevERA -- an automated accounting package for medium-sized airlines. And, the latest addition is FareGAIN -- a revolutionary product that provides airlines the capability to recover revenue losses due to violations of fare conditions by travel agents. - The company launched WINBANK, which is India's first shrink wrapped product that covers all the core retail banking functions. - KCL has entered into a strategic alliance with the Eagle Technology Group of New Zealand. The two companies work together on application development projects particularly in e-commerce and web technologies. - KCL has also signed a strategic partnership agreement with Technology one, a leading Australian IT firm, which develops and distributes financial management and accounting softwares. - Australian firm, Technology One and the Pune-based Kale Consultants have joined hands to develop new products and solutions in new technologies in the country. - Kale Consultants, announced a strategic alliance with Atraxis, a 100 per subsidiary of Swissair. - KCL has entered into a strategic alliance with the Eagle Technology Group of New Zealand. The two companies work together on application development projects particularly in e-commerce and web technologies. - KCL has also signed a strategic partnership agreement with Technology one, a leading Australian IT firm, which develops and distributes financial management and accounting softwares. - Australian firm, Technology One and the Pune-based Kale Consultants have joined hands to develop new products and solutions in new technologies in the country. - Kale Consultants, announced a strategic alliance with Atraxis, a 100 per subsidiary of Swissair. - The Company has acquired 30 per cent stake in healthars.com, a US-based Internet company dealing in healthcare solutions. - The Company has entered into an agreement to set up a joint venture company with Malaysia-based Syarikat Pesaka Antah. - The Company has acquired the key assets of Speedwing, the independent operating division of British Airways Plc. - The Company has entered into an agreement to set up a joint venture with Syarikat Pesaka Antah, Malaysia. - The Company signed a contract with the Dar-Es-Salaam Airport Handling Company Ltd. (Dahaco) for the supply of a cargo software called `Mercury'. 2002-Ninad Umranikar appointed as Company Secretary of Kale Consultants. -Kale Consultants Ltd has informed that at the AGM of the Company held on September 30, 2002 the members passed a resolution that Dr S H Kale be not reappointed and that the vacancy caused due to the retirement of Dr S H Kale be not filled in. 2003-) Sale of the Banking Products business to Onward Technologies Limited. The intimation regarding the sale of the Banking Products business was given to the Exchange on 1st October, 2003 immediately on signing of the MOU. The resolution under Section 293(1)(a) of the Companies Act, 1956 will be passed by Postal Ballot. b) preferential allotment of equity shares / warrants to the promoters of the Company, subject to the approval of shareholders and to other statutory consents, sanctions and approvals, if any. c) acquisition of Cognosys Software Private Limited, a company engaged in the development of software for the travel and transport industry, subject to the statutory consents, sanctions and approvals, if any. A separate press release is being sent to the Exchange with this letter. d) forfeiture of 1,100 equity shares of the Company for non-payment of allotment money. The company had served final notice to the defaulting shareholders for payment of unpaid allotment money vide letter dated 16th August, 2003. -- Mr PG Kakodkar has resigned from the BoD of the Company wef November 28, 2003 -Bags an outsourcing contract from Hellas Jet, a dynamic and contemporary European Airline, based out of Greece 2004 -Sobha acquires Kale's subsidiary -Kale Consultants has launched CSP, an solutions for cargo operators -Kale Consultants Ltd has informed that the company has bagged the contract from Kuoni India's Outbound Division, SOTC to develop a business application software solution for its Special Interest Tours (SIT) Unit 2005 -Registered Office of the Company has been shifted From 4th Floor, A.G. Technology Park, Gaikwad Avenue, Off ITI Road, Aundh, Pune - 411007 To Kale Enclave, 685/2B & 2C, 1st Floor, Sharada Arcade, Satara Road, Pune - 411 037. 2010 - Kale Consultants, the leading solutions provider to Airline, Airport, Logistics and Travel 2011 - Accelya Kale introduces Miscellaneous Billing Solution for airlines. - Accelya Kale Solutions Limited (formerly Kale Consultants) among Fobes's Asia's 200 `Best Under a Billion' Companies, 2011. - Kenya Airways selects Accelya Kale's Fare Management services. 2012 - COPA Airlines selects Kale's REVERA Interline service. - Kale Consultants renamed to Accelya Kale Solutions Limited. - Air India Partners with Accelya Kale. -Company has changed its name from Kale Consultants Ltd. to Accelya Kale Solutions Ltd. 2013 -"Accelya Kale offers unique solution to small and mid-sized airlines in financial processing". -"Accelya Kale launches REVERA NEXT, the enhanced version of its Revenue Accounting solution REVERA". -Accelya Group partners with Thai Airways to offer revenue accounting. -Accelya Kale Solutions wins Diversity Impact Award. 2014 -SriLankan Airlines selects Accelya's eSmashr to accurately measure their market share. -Accelya voted as winner `Information Technology for the Air Cargo Industry 2014'. -Bangkok Airways outsources critical financial processes to Accelya. -Accelya voted as `IT Company of the Year' for 2014. 2015 -Accelya has been voted as the `Readers Choice' company for 2015 at the Air Transport News (ATN) Awards -LATAM Airlines Group selects REVERAr PRA to standardise revenue accounting process across the group 2016 - Accelya launches Analytics & Consulting Services for Global Airlines 2017 -Accelya acquires Anari to enhance airline optimization portfolio. 2018 -Company name has changed to Accelya Solutions India Ltd. from Accelya Kale Solutions Ltd. -"Accelya Announces Acquisition by Vista Equity Partners". -Accelya And Mastercard Partner To Provide An End-To-End Payments Management Solution For Airlines. 2019 -Accelya Announces Acquisition by Vista Equity Partners. 2020 -Accelya partners with IATA to support the industry with a new service facilitating ADM management. -Accelya has completed its acquisition of Farelogix. 2021 -Accelya Partners With Hawaiian Airlines For Ndc-Enabled Retailing Capabilities. -Accelya Accelerates Integrated Offer To Settlement With Landmark Iata "Airline Retailing Maturity Index" Recognition On Its Flx Platform. 2022 -Accelya Establishes a New Center of Excellence to Industrialize NDC Adoption and Modernize Airline Retailing with One Order. -Avianca Airlines Selects Accelya's Order Accounting to Simplify Processes and Support a Retailing-centric Business, 2023 -Accelya extends long-term modern retailing partnership with Qantas. -Accelya renews long-term New Distribution Capability (NDC) partnership with United Airlines. -Thai Airways Extends 11-Year Software Partnership with Accelya and Adds Revenue Accounting. -Turkish Airlines Extends Partnership with Accelya for Data & Analytics Solutions. -Air Cairo Selects Accelya for Revenue Management. 2024 -Accelya launches FLX ONE, an open, API-driven platform that empowers airlines to take control of their retail transformation across Offer, Order, Settle, and Deliver (OOSD) -Accelya Launches FLX Order Accounting Solution. -THAI expands partnership with Accelya to benefit from a comprehensive financial solutions portfolio. -Accelya Partners with WestJet to Deliver Modern Retail Transformation. -Oman Air upgrades retailing & distribution capabilities with Accelya partnership. -Accelya introduces `FLX Select,' a new NDC service enabling fast & standardized implementation.