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Zen Technologies Ltd.

BSE: 533339 Sector: IT
NSE: ZENTEC ISIN Code: INE251B01027
BSE 00:00 | 24 Apr Zen Technologies Ltd
NSE 05:30 | 01 Jan Zen Technologies Ltd
OPEN 38.50
PREVIOUS CLOSE 39.55
VOLUME 4016
52-Week high 80.00
52-Week low 22.40
P/E 5.03
Mkt Cap.(Rs cr) 283
Buy Price 36.00
Buy Qty 2.00
Sell Price 40.00
Sell Qty 150.00
OPEN 38.50
CLOSE 39.55
VOLUME 4016
52-Week high 80.00
52-Week low 22.40
P/E 5.03
Mkt Cap.(Rs cr) 283
Buy Price 36.00
Buy Qty 2.00
Sell Price 40.00
Sell Qty 150.00

Zen Technologies Ltd. (ZENTEC) - Company History

Zen Technologies Ltd is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators. The company develops simulators for weapons and defense equipments. They operate in the simulation segment. The company has ISO 9001:2008 (QMS), ISO 27001:2005 (ISMS) Certification and is a CMMI Level 3 Company. The motto of the company is to develop indigenous state-of-the-art simulators, which compete with the world-class simulators. The company attaches special importance to their R&D activities. The R&D division has sophisticated software tools and skilled manpower to develop simulators. The in-house R&D unit at Zen Technologies is recognized by the Department of Scientific and Industrial Research, Min. of Science &Technology, Govt. of India. The company has supplied over 170 simulators to over 70 customers all over India and enjoys the confidence of this large customer base. Their customers are located across the length and breadth of the country. The main customers are, Defense Services, State Police forces, Para Military forces and the Navy of a South East Asian country. The company's products are Small Arms Training Simulator (Zen SATS SL), Hand Grenade Simulator (Zen HE36S), Advanced Weapons Simulator (Zen AWeSim), Tactical Engagement Simulator (Zen TacSim), 81mm Mortar Simulator, Driving Training Simulator (Zen DTS), Zen Bus Simulator, BMP II Driving Simulator (ZEN BMP-II DS) and Anti-Tank Guided Missile Simulator (Zen ATGM Sim). Zen Technologies Ltd was incorporated in the year 1993. The company established with an aim of developing state-of-the-art simulators for weapons and allied defense equipment. Over the year, the company has developed expertise in designing, developing and manufacturing various types of state-of-the-art simulators. The company went public in the year 2000. During the year 2004-05, the company developed two new products, namely Anti-tank Guided Missile Simulator and Tactical Engagement Simulator. During the year 2005-06, they made a tie up with SAAB Training Systems (STS), Sweden for their highly evolved version of TacSim that is being used by many security forces across Europe. During the year 2006-07, the company launched the Cabin Crew Simulator. The Cabin Crew simulator is being used by CMTES based in Secunderabad. In January 25, 2007, they incorporated a wholly owned subsidiary company, namely Zen Technologies FZE at RAK Free Trade Zone in the Emirate of Ras Al Khaimah. During the year 2007-08, the company equity shares were listed on Inter-Connected Stock Exchange Of India Ltd. Also, they company started a new Production Unit at Nalagarh, Himachal Pradesh. During the year 2009-10, the company completed the Phase I construction of production facilities on the land allotted to them near Hyderabad's new international airport. In August 21, 2010, the company incorporated a wholly owned subsidiary company with the name Version2Games Ltd. The company proposes to venture into European market for driving simulators. They expect Europe to be a big market for driving simulators due to a European directive which requires all load carrying and passenger carrying vehicle drivers to undergo compulsory 35 hours of driver training within a span of 5 years.