Melstar Information Technologies Ltd
Melstar Information Technologies Ltd (MELSTAR)

Melstar Information Technologies Ltd (MELSTAR)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-25.81 %
3 Month Return-42.51 %
1 Year Return-28.13 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 44
Rank 126
Rank 181
Dividend Yield
Rank 72
Rank 202
Price To Book Ratio
Rank 16
Debt To Asset
Rank 31

Company Information

Melstar Information Technologies MITL was incorporated 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 outsourcing and facility management internet Ecommerce 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 199495. The company also established 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 Honble Bombay High Court.The Company made its initial public offer in January 2000. it acquired Linkhand Ltd and its two subsidiaries and also acquired 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 set up 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 SEICMM Quality Level III certificate in April 2001.
OrganisationMelstar Information Technologies Ltd
IndustryIT - Software