IO System was incorporated on May 25, 1987. The company has been engaged in the business of office automation products procured from leading sources across the world and is now restructuring activities. The company was earlier known as Spice Systems and it got its present name with effect from May 25, 2007.

The company is part of B.K. Modi’s Spice group, which includes Spice Global; Spice Televentures consisting of Hot Spot Retails, Hot Spot Distribution, Cellebrum Tech, Mobisoc, Spice Mobiles, Omnia BPO, and Bharat BPO; Spice Entertainment with Bougainvillea Entertainment (Multiplex), Spice Restaurants, Nik Travels, Ace Airways, and Buddha Film; Spice Finance consisting of 21st Century Capital; Spice Technology including First Choice Enterprises; and Spice Foundation with GM Modi Hospital, Poorna Holistic, Ekal Vidyalaya DMA Schools, Artwala and Spice Sangam.

Spice Systems has been recognized as a leader in providing State of the Art products in Office Automation from leading sources in the world.  The prices and margins of most of the products have dropped substantially. This has resulted in major players reducing their focus on this product line and shifting to other product lines.  This has happened due to the easy and cheap availability of products from countries like China, Taiwan and Korea etc.etc.  With such low market size, it was not viable to continue with this business, hence it was decided by the Management to hive off this business.

Business areas of the company:

The company generate its income from the sale of laminators, shredders and comb binding systems, service revenue, and related supplies. The company has disposed off its manufacturing facilities and is looking at a new line of business.

Milestones:

• 1987 The Company was incorporated on 25th May, and received the certificate of commencement of business on 20th October.  GBC Hi-Tech (India) Limited is a Public Limited Company. The Company is engaged principally in the manufacture and distribution of Punching & Binding Machines, Laminating Machines and the related Supplies and Parts. The Company has been promoted by Veena Modi and others of Indian Management Advisors & Leasing in Collaboration with General Binding Corporation, USA. 
• 1991 The Company entered into Technical know-how and Trade mark Licence Agreement on January 19, 1988 with General Binding Corporation, USA, who is world leaders in Spiral Punching and Binding, Machines as well as Laminators. The Company has set up an excellent field sales and support staff to meet the varied needs of the customers. 
• 1993 The Company has been sending Engineering and Manufacturing personnel for training at Collaborators plants in USA, Mexico and Germany. 
• 1994 The Company has exported more than 2400 Units of 450 KM Purchasing & Binding Machines to General Binding Corporation for their International Markets. 
• 1995 The Company has been able to develop in-house expertise in a number of high-tech areas resulting in imports substitution. 
• 1998 The Company has been able to develop in-house expertise in a number of high-tech areas resulting in imports substitution.