YEAR EVENTS 1991 - The Company was incorporated as a Private Limited Company on 18th July, in the state of Maharashtra under the name of Onward Engineering Technologists Private Limited. - OTL is promoted by Mr. Harish Mehta and belongs to the Onward Group. Mr. Mehta is an Electrical Engineer and holds a Masters Degree in Computer Science from Brooklyn University, U.S.A. 1993 - OTL is one of the leading companies of India operating in the field of Information Technology. It specializes in offering "High End" software solutions. Its focus is on CAD/CAM/CAE, Banking and Networking solutions. 1994 - Subsequently vide special resolutions passed on 14th June, it was converted into a Public Limited Company and the name of the Company was changed to Onward Technologies Limited and the Registrar of Companies, Maharashtra, issued fresh certificate of incorporation on 25th July. - The Onward Group has initiated steps for consolidation of its synergistic business lines in Information Technology (IT), presently being carried out by different companies in the Group, in OTL with a view to having a focussed growth. - The Public Issue of the Company of 10,50,500 No. of Equity Shares of Rs. 10/- per share aggregating Rs. 525.25 lacs including Firm Allotments of 2,50,000 No. of Equity Shares to ICICI, UTI represented by TDICI through VECAUS II scheme and employees of the company. 1995 - The Company offers Software Technology based Systems Integration solutions in the areas of Networking, Banking & Engineering in India & abroad. - The Company has undertaken expansion of its existing facilities in the country. - The Company's project for setting up a Software Technology Park as a 100% EOU engaged in software development and export got somewhat delayed due to immediate non-availability of suitable premises in or near Mumbai. 1996 - The Company has been awarded recognition as having an in-house R & D Unit by the Govt. of India., Ministry of Science & Technology, Department of Scientific & Industrial Research. 1997 - During the year under review Company's U.S. subsidiary, Onward Technologies, Inc. became operational with offices in the states of California and Utah. - The Mumbai-based Onward Technologies Ltd has appointed Mr Ray Olsen, a former executives as its joint venture partner, US-based Novell Inc., as head of its overseas operations. - Onward Technologies, part of the Onward group which brought the networking giant, Novell, to India has entered into a strategic alliance with Mod-Tap of the U.S. to provide Mod-Tap's powercat range of new generation networking products in the 350 MHZ range aimed at the physical layer of the network. 1998 - Onward Technologies, Inc., USA, (OTI) the wholly owned subsidiary of the Company increased its presence across the United States during the year under review. - The Company has already taken effective steps to implement ISO 9000. 1999 - The Company has set-up a Branch office in U.K. - The Company issued 7,70,000 equity shares of Rs. 10/- each at a premium of Rs. 250/- per share on private placement basis resulting in increasing its paid up equity capital By Rs. 77,00,000/- to Rs. 3,97,20,880/-. - "Everything's Connected" is the trademark of Onward Novell India, the 50:50 venture between Onward and networking giant Novell Inc of the US. 2000 - The Company has allotted 3,600 No. of equity shares further of Rs 10 each in accordance with the employees' stock option plan. - The Company has allotted 14,150 No. of Equity Shares to its employees under the Employees Stock Option Scheme. - The Company also made a Preferential Allotment of 7,70,000 Shares of Rs. 10 each to various parties at a premium of Rs. 250/- per share. - The Company has entered into a Global Partnership Agreement with Novell, Inc., a Fortune 500 Net Services Software Company based in the USA. Its Subsidiary, Onward Technologies,Inc., USA has also forged Technical Services Agreements with Structural Dynamics Research Corporation and Thomas Publishing Company both from the USA and world renowned players in their respective fields. 2003 -Onward Technologies Ltd has informed that the Board of Directors at their meeting held on May 26, 2003 has appointed Mr Milind Bhat, Manager - Accounts as a 'Compliance Officer'. -Mr. Yogesh Desai has been appointed as Compliance Officer in place of Mr. Milind Bhat who has resigned from the services of the Company. -The company acquired the banking product business of Kale Consultants Ltd. including the intellectual property rights (IPR) and support & marketing rights of its banking branch automation products. -Onward Technologies purchases Kale's banking products 2004 -Onward Technologies Ltd (Onward) & Experia Solutions (Experia) awarded a contract for setting up, managing and running a Dedicated Relationship Center (DRC) from a well known learning management solution provider in the USA. The outsourcing contract is valued at over $ 1.5 million 2005 -Onward Technologies inaugurates additional facility at Pune Development Center 2006 -Onward Tech launches CAE simulation centre 2007 -Onward Technologies have signed an agreement with John Deere India Ltd to set up a dedicated Engineering Design Services Centre in Pune. 2008 -Onward Technologies open second product engineering excellence center at e-Space, Pune 2012 -Onward Technologies opens new development center in Michigan 2013 -The company appointed Mr. Pranay Vakil and Mr. Nandkumar Pradhan as Additional Directors. 2016 - Onward Technologies sets up Engineering Excellence Center (EEC) in Chennai". 2017 -Onward Technologies has entered into a partnership with Dassault SystŠmes India Business Transformation channel to accelerate the adoption of Dassault SystŠmes portfolio of applications and industry solution experiences based on the 3D EXPERIENCE platform in the Indian sub-continent market. 2018 -Founder and Executive Chairman of Onward Technologies honored with lifetime achievement award. -Onward Technologies ltd. has entered into a partnership with Quark Software, Inc, to collaboratively offer its end-to-end content automation platform in the growing Asia-Pacific market.