ABM Knowledgeware Ltd Share Price

ABM Knowledgeware Limited was initially incorporated in 1993 as a Private limited company as 'Evergo Capital Markets (India) Pvt Ltd'. In February 1994, the company was converted into a Public limited company and the name was changed to Evergo Capital Markets (India) Limited, again was changed to Evergo Capital Limited in 1997 and further to ABM Knowledgeware Limited in March, 2001. The Company is one of the few information technology (IT) services companies with exclusive focus on e-governance since 1998. Their products include ABM MaiNet, ABM CARE, ABM MOIS and CRM for power distribution utilities. ABM specializes in e-Governance solutions with a focus on Urban Administration. ABM is an empaneled partner for UPYOG, a Government of India initiative for urban governance. Their services include IT enabling citizen services, grievances management, document journey and pendencies monitoring, water billing and accounting software and ERP. In the year 1996, the company made an initial public issue of 55 lakh equity shares having a face value of Rs 10 each. In the year 1998, the company made a strategic decision to focus on Software and Services business for E-Governance in the domestic market. As per the scheme of amalgamation, the company acquired the business, assets and liabilities of ABM Knowledgeware Ltd, Mumbai (formerly known as Advent Business Machines Ltd) with effect from April 1, 1999. During the year 2000-2001, the nature of the business had been changed from Non Banking Finance Company to Information Technology. In the year 2003, the company launched ABM MAINet in Kalyan Dombivili Municipal Corporation as the first comprehensive e-governance solution for Urban Local Bodies in India. In February 2003, they were awarded Skoch Challenger Award for the best e-Governance Project in India by Skoch Consultancy for KDMC Project. In September 2004, the company was also awarded prestigious CAPAM 'Certificate of Achievement' award in Singapore by the Commonwealth Association for Public Administration and Management for The company's MAINet. In the year 2005, the company entered into Middle East Market through contract for ABM ERP for a premier office in the UAE. They also entered into North India through a major order for complete automation for Engineering Dept of Municipal Corporation of Delhi. During the year, the company entered into Consumer Relationship Management (CRM) Space for Power Sector through a large order for ABM CFC and standardization of ABM CFC by a leading Electricity Distribution Company. They also received award of the 'Best Technical Company in e-governance', adjudged by IIT Delhi, Ministry of Information Technology, Govt of India and CSI. In September 2006, the company entered into SAP ERP business by bagging multi million-dollar order for Implementation of SAP in MCGM in consortium with SAP & a reputed Systems Integrator. In December 2007, the company won the prestigious 'Wisitex India Urban Development Lead Organization of the Year - Information Technology' award conferred by Minister Urban Development, Government of Goa. In April 2008, they also won the JMCCI 'National Level Entrepreneurship Award'. In December 2008, the company acquired an e-government project for Rs 1.16 billion by Municipal Corporation of Greater Mumbai. The work involves supply of SAP licenses, implementation of SAP payroll for employees of MCGM and providing SAP change management support until the year 2011. In 2015, ABM formed alliances with eINDIA Smartcity 2015 in Mumbai. In January 2017, AMB got into Cyber Security segment by strategic investment in Instasafe Technologies Pvt. Ltd.' Scanit Technologies INC has become the Associate Company of ABM in 2025. Operations of the Company have now spread in India as well as abroad due to the associate Company Scanit Technologies INC, USA. Currently many projects are in the implementation stage in states like Andhra Pradesh, Haryana, J & K, UP, Odisha, Himachal Pradesh, Maharashtra, etc.