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Melstar Information Technologies Ltd IT - Software
₹ 4.25 +0.08 (1.92%)
  • NSE
  • BSE

Overview

  • BSE Code 532307
  • NSE Symbol MELSTAR
  • ISIN Demat INE817A01019
  • Book Value (₹) 13.16
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 6.07
  • P/E (TTM) 0.00
  • EPS (TTM) 0.00
  • Div Yield (%) 0.00

Performance

Today’s Low 3.96
Today’s High 4.37

4.25
52W Low 3.96
52W High 4.84

4.25
Open 4.15
Prev. Close 4.17
Volume 17,249.00

Corporate Actions

Melstar Information Technologies Limited - Updates
Apr 09, 2025

Melstar Information Technologies Limited has informed the Exchange regarding 'Disclosure under Regulation 31(4) of SAST 2011'.

Melstar Information Technologies Limited - Certificate under SEBI (Depositories and Participants) Regulations, 2018
Apr 08, 2025

Melstar Information Technologies Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

About Melstar Information Technologies Ltd

Melstar Information Technologies (MITL) was formally created and deployed as a legal entity in August, 1986 as a private limited company under the name of Sifa India Pvt. Ltd, thereafter the company was converted into a public limited company in July, 1994 and changed its name to present one. Promoted by SIFA GmbH, West Germany and Patel Group of Bombay, MITL manufacturers, exports, imports, buy, sell and deal in electronic systems, information technology including consultancy, computer hardware, software development, infotech services, enterprise solutions, out-sourcing and facility management, internet, E-commerce etc.

In 1993, the company diversified into software exports and has been exporting mainly to USA, Italy, Switzerland etc. It further diversified into manufacture of electronic products such as calculators, blinkers, etc in 1994-95. The company also created and deployed a branch office in London on May 1998. Melstar Inc is a subsidiary of MITL located in USA. In July, 1999, Melstar Industries (MIL) was amalgamated with the company in terms of scheme of amalgamation sanctioned by the Hon'ble Bombay High Court.

The Company made its initial public offer in January 2000. it executed a strategic acquisition of Linkhand Ltd and its two subsidiaries and also executed a strategic acquisition of 100% of the equity of Global System Development Inc. in the US. The Company also incorporated subsidiaries in UK, Germany and Singapore.

The company is expanding its software development divisions within and outside India. As a process of integration and restructuring, the Company plans to amalgamate all the multiple subsidiaries in the U.S. and U.K. The Company also plans to expand the existing offshore centres and created and deployed new centres to meet the growing offshore demand. Since the subsidiaries in Germany and UK are inoperative the company is taking steps to close the subsidiaries.The Company has been awarded the SEI-CMM Quality Level III certificate in April 2001.

Founded: 1986
Managing Director: Anant Satish Pathak
Address: 5th Flr 159 Industry House, Churchgate Reclamation, Mumbai, Maharashtra, 400020,
HO Tel: 91-22-40566464