The HOV Services was incorporated in 1989 under the Companies Act, 1956 as Codec Communications Private Limited. The Company commenced its operations as a software services company on January 10, 1989. The name of the Company was changed to HOV Services Private Limited on February 27, 2006. The Company became a public company on January 5, 2006 and the name of the Company was changed to HOV Services Limited on March 9, 2006. _x000D_ _x000D_ Operating as a hybrid between an investment portfolios and a diversified services corporation, HOV Services Limited ("HOVS" or "The Company") manages a variety of investment portfolios in partnership with some of the world`s largest investment bankers, private equity groups and global financial institutions. _x000D_ _x000D_ HOVS` genesis began by strategically positioning itself in the IT-BPO space through both acquisition and organic growth. In its more recent history, we have entered into the environmental protection industry. HOVS, through its indirect subsidiary, is designing and developing advanced solutions for solving problems related to erosion control, soil stabilization, environment conservation and construction in infrastructure projects, as well as in the application sectors of roads, railways, rivers, channels, landfills, coastal protection & civil construction. We are reviewing promising opportunities in the environment protection space, more specifically in the area of coastal protection._x000D_ _x000D_ Portfolio companies acquired and controlled by HOVS are spread across the globe. Our areas of investment and focus include the US, Canada, India, China, Mexico and the Philippines. Management and each of our business divisions direct our combined group growth strategy, direction and administration._x000D_ _x000D_ The Company has the following subsidiary companies HOVS LLC incorporated in Delaware under the laws of United States of America; HOVS Holdings Limited incorporated under the Companies Ordinance of Hong Kong; and HOV Environment Solutions Private Limited incorporated in Maharashtra under Indian Company Law._x000D_ _x000D_ On April 29, 2011, the Company completed the merger of its indirect subsidiary HOV Services LLC with SOURCECORP, Inc., a portfolio company of Apollo Management V, L.P. The merged entity called SourceHOV LLC ("SourceHOV"), reflecting the union of the two companies and our expanded capabilities._x000D_ _x000D_ SourceHOV is a provider of end-to-end business process outsourcing solutions with highly customized services as well as specialized knowledge-based processing and consulting solutions. The company offers clients in information-intensive industries, such as healthcare, financial services, legal, public sector, and transportation, the solutions to manage their information and document intensive business processes and the solutions to fulfill certain specialized knowledgebased processing and consulting requirements, enabling these organizations to concentrate on their core competencies._x000D_ _x000D_ Hov Services has recently made entrance into the environmental protection space through a newly created indirect subsidiary, HOV Environment Solutions private Limited ("HOV ESPL"). HOV ESPL aims to design and develop advanced solutions for solving problems related to erosion control, soil stabilization, environment conservation and construction in infrastructure projects, as well as in the application sectors of roads, railways, rivers, channels, landfills, coastal protection & civil construction._x000D_