Cressanda Railway Solutions Ltd Share Price

History of Cressanda Railway Solutions Ltd

Cressanda Railway Solutions Limited, formerly established as 'Cressanda Solutions Limited' on August 5, 1985 was changed to its present name on December 26, 2023. Cressanda Railway Solutions Limited (CRSL) is first and only listed company offering Railway Auxiliary Services and leading digital media breakthroughs. As an end-to-end Rail Media Powerhouse, the company drives media innovation in Railways by integrating the cutting edge tech into this fast-paced market. The Company is primarily engaged in the business of delivering customized software solutions and products in the domain of contemporary services. The parent Company is based at Noida (UP) and Mumbai, India. The subsidiary company is based in Pittsburgh, USA. Cressanda joined hands with Broadcast Engineering Consultants India ...Limited (BECIL) a Govt. of India Enterprise under the Ministry of Information and Broadcasting, and signed a joint consortium to bid for a marquee tender from the Ministry of Railways. During the year 2000-01 the Company was acquired by Cressanda Commercial & Financing Limited and it became 100% subsidiary of Cressanda Commercial & Financing Limited with effect from 11 December, 2000. Effective 1 st April, 2001, two wholly owned subsidiaries of Cressanda Solutions Ltd. viz. Adroit Computer Technique Private Limited and Doctorsahib.com Private Limited, merged with the Company. The name of the Company got changed to 'Cressanda Solutions Limited' from 'Cressanda Commercial & Financing Limited effective from August 7, 2002. During the year 2002-03 the wholly owned subsidiary of the Company changed its name from Adroit Computer Technique Inc., USA to Cressanda Solutions Inc., USA. M/s. SMARTCHAMP'S IT AND INFRA LIMITED was merged with the Company through Scheme of Amalgamation vide Bombay High Court during the FY 2011-12. The Company formed a wholly owned subsidiary in the name and style of 'Cressanda E-Platform Private Limited' in the State of Maharashtra during the period 2021-22. In 2023, Company acquired Lucida Technologies, a Bangalore based Technology firm specializing in the areas of Digital and Analytics solutions, ML and AI. In 2024, Company acquired 51% stake in Mastermind Advertising Private Limited, marking a significant step toward entering the rapidly growing OTT segment within the digital media space. The Company has incorporated a wholly-owned subsidiary company in the name and style of 'Cressanda Renewable Energy Solutions Limited' in 2024. It acquired 51% stake in SYN Developers Private Limited to execute a water supply project in West Bengal. The Company has launched LED screens and Wi-Fi services at metro stations in FY25. It scaled the trolleys to 5,000 at Netaji Subhas Chandra Bose International Airport, engaging 150 million commuters annually during the year to enhance passenger experiences and media outreach.