Softsol India (SIL) came with its initial public issue in the month of May 2000 for 33,66,684 equity shares of Rs.10/- each at a premium of Rs.85/- per share. The securities of the Company are listed on the Hyderabad and Mumbai stock exchange._x000D_ _x000D_ The company's state of Art facility admeasuring 36000 sq.ft. situated at Plot #4, Infocity, Madhapur is completely ready to in-house 500 software professionals, which provide leverage to out source projects, and hence provides a strong competitive edge. To minimise the absolute affect of US economy on the business of the company it has taken steps to explore the potential markets of Europe, United Kingdom, Middle East, Singapore, Japan and Australia. The company has received approval from Singapore Trade Development Board for setting up of the representative office of the Company in Singapore._x000D_ _x000D_ In order to become large and totally integrated IT Service Company your company has acquired 100% stake of SoftSol Resources Inc, USA subsequent to the approval of Foreign Investment Promotion Board and Reserve Bank of India at a consideration of US$ 19 Millions. _x000D_ _x000D_ SoftSol Resources Inc., USA (SRI) was incorporated on 23rd August 1993 in California. In USA, the San Francisco Business Times ranked SRI among the top 25 fastest growing technology companies for 1998. SRI has executed several projects both for government and commercial clients. SRI offers high quality IT consulting, Systems Integration, Web based and Custom Application Development, Data Warehousing, Enterprise Computing, Package Application Implementation, Software Engineering, Offsite Systems Development and Maintenance for Client / Server and Legacy Systems for various Fortune 1000 companies and Government Agencies. _x000D_ _x000D_ Acquisition of SRI has helped the company in better and efficient utilization of resources of both the companies besides increase in the financial strength of the Company. At the same time the Goodwill of SRI can be capitalized in expanding the overseas operations of the company._x000D_