Cura Technologies Ltd Share Price

History of Cura Technologies Ltd

Cura Technologies Limited was initially incorporated as 'Softpro Systems Private Limited'. The Company had changed the name from Softpro Systems Private Limited to Softpro Systems Limited on 13 March, 2000 and subsequently to Cura Technologies Limited on 19 October, 2010. Since then, Company engaged in development of computer software. The Company is a global Enterprise Class Software Application provider for organizations to efficiently manage their Governance, Risk and Compliance framework through an automated process. CURA has direct offices in 6 major Countries and about 180+ Customers in scores of Countries across globe. During the year 2000-01, the company has opened its branch at New Jersey,USA. The company has got the major breakthrough in the form of major consultancy assig ...nment for a US based organisation,spread over an year.The company has associated with Softpros Inc., Atlanta,in the process of adding new clients.Similarly the company has built marketing associations in Singapore and Europe. The year 2000-01, marked the start of recession in the US economy and this phenomenon had a tremendous impact on the IT sector globally. During the year 2002, Company executed 'SoftPro Heights', a state-of-the-art Software Development Center of about 90,000 sft. at Cyberabad. Further, it acquired 26% equity stake of M/s. Call World Technologies Ltd, an IT Enabled Services company running a sophisticated call center rendering service to MNCs like AT & T, MasterCard etc. The equity holding of the Company in Callworld Technologies was disposed off to Velox estates Private Limited in 2008. Since acquisition of Cura Global GRC Solutions Pte Ltd., in 2009-10, the promoters have invested substantially in development of R&D and have delivered a complete module (Internal Audit) and couple of big new features (RBN - Rules based Notifications and Work Flow) to its existing Customers. During the financial year ending March 31, 2014 the promoters have attempted in major cost savings initiatives to ensure a self-sustainable operational set-up. The promoter's efforts have paid off and the company has started to gain from this move at a consolidated level. The R&D team is also working on moving away from the legacy technologies and stepping into the future while working on future technologies which can ultimately enhance the current GRC system capabilities while achieving highly scalable solution to the advantage of Customers and in that accelerated business growth of the Company. Pursuant to the Hon'ble NCLT Order, Hyderabad Bench dated 14.09.2023, the Company altered the Main object of the Company to carry out the business objects of IT and IT enabled services and solutions, manpower recruitment into government and private sector all over India and abroad, healthcare, acquisition of similar industry companies for inorganic growth effective from 26.03.2024. As the Company is under the process of revival, the Company has commenced operations in FY 2025. M/s. Catalog IT Solutions Private Limited has been amalgamated with the Company with effect from 13th February, 2025 through a Scheme of Amalgamation.