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In 2011, the company was incorporated in the name of InfoBeans Software Solutions Private Limited by its Promoters Avinash Sethi and Siddharth Sethi under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 18, 2011 in Indore, Madhya Pradesh. Mitesh Bohra joined the company in April, 2011 as co-promoter and director of the company. In 2012, the name of the company was changed to InfoBeans Systems India Private Limited vide fresh certificate of incorporation dated December 07, 2012. In 2015, the name of the company was changed from InfoBeans Systems India Private Limited to InfoBeans Technologies Private Limited vide fresh certificate of incorporation dated March 03, 2015.
Subsequently, the company was converted into public limited company pursuant to which the name of the company was changed to “InfoBeans Technologies Limited” vide shareholder’s approval on February 28, 2015 and fresh certificate of incorporation dated March 03, 2015. Further, the company got listed on Emerge ITP Platform of National Stock Exchange of India Limited (NSE) on March 31, 2015. Further, the company had made an application for delisting of Company on Emerge ITP Platform of NSE vide letter dated February 01, 2017 and is delisted with effect from March 01, 2017.
Business area of the company
The company is engaged in software development services, specializing in business application development for web and mobile and operates at Capability Maturity Model Integration (CMMI) level 3. Its services can be broadly categorized as storage & Virtualization, Media & Publishing and eCommerce. In India, the company operates out of 2 facilities in Indore and Pune employing more than 600 people across locations. As it is prominently in exports, the company has established local presence in the North American market by way of a 100% subsidiary, which has 2 offices located in California & Georgia, USA.