To: Our Valued Customers, OEMs, Distributors and Suppliers
We are pleased to announce the de-merger of Softcell Technologies Limited. The ‘Effective Date’ of the de-merger is August 19, 2019 i.e. from that date, the two new resulting companies from the de-merger as well as the remaining business of Softcell Technologies Limited start operating as independent companies.
The companies that will operate independently from August 19, 2019 are:
1. Softcell Technologies Limited (http://www.softcellnet.net) focused on Internet Business comprising of ISP and UIDAI (Aadhaar) related business.
2. Softcell Technologies Global Private Limited (https://www.softcell.com) focused on System Integration Business comprising of technology solutions in the domains of IT Security, Data Centre, Cloud, Mobility and Engineering Services business.
3. Lentra AI Private Limited (https://www.lentra.ai) focused on development of software products and applications including mobile applications in the retail banking and BFSI segments.
Softcell Technologies Global Private Limited began its System Integration (SI) business operations in 1989 as Software Consultancy Group (SCG) and later as Softcell Technologies Limited. Its growth over the past 30 years has been incredible with the company transitioning from a box seller (software re-seller) to being a reliable IT and trusted SI partner cum Solution Provider for leading organisations in India. The growth and development of our team members has evolved in a similar manner. We have attracted high-quality, committed executives and invested in their skill, enablement, training, development and growth. As a result of those efforts, we have experienced consistent and good growth over the past 30 years. This has been in no small way also directly attributable to the success that our customers and partners have had in their business that contributed to our growth too.
In the last 30 years we invested and diversified into various related businesses and specialisations such as System Integration, Internet Services and Apps/Software Product development. We decided to consider a de-merger as we firmly believe that each of these businesses have the potential to operate, sustain and scale independently. The talent required for each business is also different in terms of qualifications, experience, investments, and skill levels. It was therefore prudent for us to take the de-merger route and enable each business to conceptualise and implement talent management processes and business models as suitable for them.
Following the decision to de-merge the businesses, we presented the “Scheme of Arrangement” for de-merger of Softcell Technologies Limited to the Hon’ble National Company Law Tribunal, Mumbai bench, under Section 230 to Section 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013, in order to:
1. Systems Integration (SI) business of Softcell Technologies Limited in to Softcell Technologies Global Private Limited
2. Softcell Software Group (SSG) business of Softcell Technologies Limited in to Lentra AI Private Limited, and
The “Scheme of Arrangement” was approved and sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench vide its Order dated June 27, 2019 and we filed the Order and “Scheme of Arrangement”with the Registrar of Companies, Mumbai, on August 19, 2019 thereby making the de-merger effective from that date.
Softcell Technologies Limited (which now holds the Internet+UIDAI/Aadhaar Business) and Lentra AI Private Limited (which now holds the Apps/Software Product development business) share the same values we do. We are confident that these two organisations will succeed in the goals that they have set for themselves. The two entities will continue the tradition we have for excellent service, deep expertise, and a partnership that our customers and OEMs want to be a part of.
We, Softcell Technologies Global Private Limited, will be able to provide you many new services and areas of expertise in the Digital Transformation, AR/VR/IoT and emerging IT technologies space in the future. We look forward to discussing those in more depth and detail with you. However, there are several things we want to point out that will not change at Softcell Technologies Global Private Limited.
All pending transactions and ongoing engagements that you may have with SI business unit of Softcell Technologies Limited will be executed from August 19, 2019 by Softcell Technologies Global Private Limited.
If you have any questions about this exciting news and what it will mean for you, please contact any of us at any time.
We are grateful to you not only for giving us the opportunity to be a reliable and trusted IT partner but for your support and guidance too, which have enriched our relationship. We are confident that our re-alignment will serve us all well..
Softcell Technologies Global Private Limited
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