Silverline Technologies Share Price Today

ABOUT SILVERLINE TECHNOLOGIES LIMITED UNLISTED SHARE 

Silverline Technologies Limited formerly known as Silverline Industries Limited is a Public incorporated on 13 April 1992. It is classified as a Non-govt company and is registered at the Registrar of Companies, Mumbai. Its authorized share capital is Rs. 3,000,000,000 and its paid-up capital is Rs. 599,854,850. 

 In the year 2000, The Company set up its planned $125-million initial public offering at 5.2 million. The company was India's 1st company to be listed on the New York Stock Exchange (NYSE) and the 1st major I.T. company to be listed on the BSE. The company was listed on the NYSE for ADRs which touched a market capitalization of $1.2 Billion on the Bombay Stock Exchange (BSE).

 Silverline is a global Software Development and IT Consulting Company that also has a BPO practice. The company is providing end-to-end support solutions in: - IT Development & Systems Integration - Technical Support - Customer Care and Service Management - Back-office Shared Services - Market Entry Services.

Silverline was rated as the 7th largest software company in India by NASSCOM in 2002. The company is ISO 9001 certified and SEI CMM Level IV. Silverline clientele includes JPMorgan Chase, Bank of America, HSBC, Goldman Sachs, Merrill Lynch, Aviva, Lehman Brothers, Bell Atlantic, Morgan Stanley, First Data Corp., IBM, HSBC, etc.

INCORPORATION DETAILS

BOARD OF DIRECTORS

Principal Business Activities of the Company

SHAREHOLDING PATTERN

(As of 31-03-2020)

INDUSTRY OUTLOOK

The global sourcing market in India continues to grow at a higher pace compared to the ITBPM industry India is the leading sourcing destination across the world, accounting for approximately 55% market share of the US$ 185-190 billion global services sourcing business in 2020-2021. Exports from the industry increased to US$ 137 billion in FY21 while domestic revenues (including hardware) advanced to US$ 46 billion.

Indian IT & ITeS companies have set up over 1,200 global delivery centers in about 96 countries across the world. India has become the digital capabilities hub of the world with around 75% of global digital talent present in the country.

Leading Indian IT firms like Infosys, Wipro, TCS, and Tech Mahindra, are diversifying their offerings and showcasing leading ideas in blockchain, and artificial intelligence to clients using innovation hubs, research, and development centers, in order to create differentiated offerings.

The computer software and hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflows worth US$ 26.92 billion between April 2000 to December 2020, according to data released by the Department of Industrial Policy and Promotion (DIPP).

With a compounded annual growth rate (CAGR) of over 24% in the last decade, the Indian IT/ITeS industry has emerged as a key growth engine for the economy, contributing around 5.6% to the country’s Gross Domestic Product (GDP) in FY 2021 and also providing direct employment to about 2.3 million people (from just about half a million in 2021). It remains one of the biggest sectors for wealth generation in the country.