SoftTech Engineers
NSE
₹ 0.00
0.00 (0.00)%
Small-cap
With a market cap of ₹18.90L Cr.
No Subsidiaries Data available
The company was incorporated as ‘SoftTech Engineers Private Limited’ under the provisions of Companies Act 1956 vide Certificate of Incorporation dated June 17, 1996 at Ahmedabad, Gujarat. Pursuant to a special resolution passed by the shareholders of the company at its Extra-ordinary general meeting held on July 18, 2000 and the order passed by the Company Law Board, Western Region Bench, Mumbai dated October 12, 2001. A certificate of registration of the order of the Company Law Board dated October 12, 2001 confirming transfer of the registered office from State of Gujarat to the State of Maharashtra was issued by the Registrar of Companies, Pune on January 29, 2002.The Registered office of the company was once again shifted to 259, Butte Patil Complex, Dashbhuja Ganpati, Karve Road, Pune – 411030 pursuant to Board resolution dated May 5, 2003. The Registered office of the company was once again shifted to ‘The Pentagon’, Unit No. 5A, Near Satara Road Telephone Exchange, Shahu College Road, Parvati, Pune 411009 pursuant to Board resolution dated September 1, 2005. The name of the company was subsequently changed to ‘SoftTech Engineers Limited’ pursuant to special resolution passed by the shareholders of the company at the Extra-ordinary general Meeting held on February 22, 2018 and a fresh certificate of incorporation consequent upon conversion from Private Company to Public Company was issued by the RoC, Pune on March 1, 2018.
Business area of the company
The company is a software company which caters to the Architecture, Engineering, and Construction (AEC) verticals. They specialize in developing the product for e-governance and construction ERP products for smart city projects, municipal corporations, urban local bodies, development authorities and work organizations. It also offers 2D and 3D CAD based intelligent and machine learning driven technology which eliminates entire human intervention along with providing Cloud Technology enabled products offered as ‘SaaS’.
SoftTech started by launching its first product - STRUDS in the year 1996, which was used for Structural Analysis and Designing. In the year 2000, it launched another product, ESRGSR, which was also used on the same line. STRUDS and ESR GSR were acquired in the year 2011 by CSC (UK) Limited. The company also launched two new products viz., PWIMS and AutoDCR which have been the flagship products of the company since its launch in the year 2004 and 2005 respectively.
PWIMS provides a complete online solution to Public Works Department (PWD) for e-procurement and work management. AutoDCR is a software for automation of building permits approvals which is used by the government authorities in scrutinizing and automating the building permits based on the CAD based building plan which works on an online system and environment. Riding on the success of these products, the company in the year 2010 launched, OPTICON which caters to the needs of construction contractors and real estate companies by helping them in cost estimating, construction management and overall automation. Softtech got another VC funding round from Rajasthan Venture Capital Fund in the year 2014 which acquired 26.77% stake in the company .
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