Containe Technologies Ltd Share Price

History of Containe Technologies Ltd

Containe Technologies Limited was originally incorporated as a Private Limited Company in the name of 'Containe Technologies Private Limited' on September 16, 2008 at Hyderabad. Further, Company converted into Public Limited Company and name of the Company was changed to 'Containe Technologies Limited' vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated March 21, 2022 issued by the Registrar of Companies, Hyderabad. Founded and promoter by Mr. Anand Kumar Seethala in year 2008, the Company is an ISO 9001:2015 Certified company which indicates that its products and services meet expectations of Stakeholders. Company is primarily engaged in the business of Manufacturing of Speed Limiting Devices, Vehicle Location Tracking Devic ...es, Embedded SIM Cards & M2M Services. The Speed Limiting Device is a Safety Product which is mandatory fitment for New Registration, fitness of all commercial vehicles of goods carriers, hazardous petroleum/ chemical tankers, public transport, and school buses, as per GSR 290E of 15.04.2015. It is designed, developed, and manufactured according to the Automotive Industry Standard (AIS 018) 'MOTOREYE & LIMITS' approved by ARAI and AIS 037 Standard, ensuring conformity of production audits for its excellent quality and proven durability. Vehicle Location Tracking Devices Product has been tested as per Automotive Industry Standard AIS-140 & BIS 16833 Standard. This product is approved by ICAT TAC Certificate No: CK8073. This IRNSS VLTD (Vehicle Location Tracking Device) is designed with Quad band GSM / GPRS Module, equipped with GPS/IRNSS receiver to provide accurate navigation data, this can be remotely configured (OTA Configuration). The Company has registered APN for PAN India 'ctplm2m.in' and manufactures its owned Dual Profile e-SIMS in collaboration GSMA Approved Manufacturing facility and has MOU with service providers Like BSNL, Vodafone Idea and Airtel for e-SIM Profiles and has M2M service providers License from Department of Telecommunications. The R&D Team is working continuously in advancing the SLD technology centered on the latest generation of ECM (Electronic Control Module) of BSVI Vehicles Models and new IOT Revolutionary Specialty of Variable Speed Limiting Devices Development, and Intelligent Transport Management Systems (ITMS) which has tremendous demand due to mandatory installation by State Governments. The Company has 1 manufacturing unit at Marriguda, Secunderabad, Hyderabad. Their products are mainly sold through distributors and dealers. For this, it appoints Distributors in various states and the distributors appoint dealers under them. It supplies products to the distributors and in turn distributors supplies the products to dealers. The Company launched an IPO of 17,44,000 Equity Shares of Rs 10/- each through fresh issue by raising funds aggregating to Rs 2.6 Crore in September, 2022.