Elnet Technologies Ltd

Elnet Technologies Limited (ETL) was incorporated in August 1990 as a Public Limited Company, situated in the IT corridor, Rajiv Gandhi Salai, Taramani, Chennai. The Company is engaged in developing and maintaining an integrated software technology park and Business Process Outsourcing Industries. The company took up a project of constructing a software technology park on a plot of land admeasuring five acres at Taramani, Madras, to provide infrastructural facilities like air-conditioned working space, un-interrupted power supply, data communication facilities, etc, to software developers for development of software both for domestic and international markets. In 1995-96, the construction of the project was completed. 23 modules of 5000 sq ft was completed and handed over to the occupants. It also diversified into value added services for providing connect mail and connect fax facilities in association with Videsh Sanchar Nigam and necessary infrastructure has also been created at Madras as well as the other metros. Out of the 5 acres of land occupied for setting up Elnet Software City, 1.34 acres was surrendered to Tidel Park Ltd and 0.5 acres to the Government for road widening. The balance was formally alloted to ELCOT in 1998-99 and Rs. 1 cr. was provided as lease rent to ELCOT during 1999-2000, pending finalisation of lease terms. ELCOT finalised the lease deposit at Rs.14.28 cr with a nominal lease rent of Re.1/- per year for 90 years. The company's has requested for deferred payment of the lease deposit with 10.5% interest per annum on outstanding payments during the deferment period. Elnet Software City Limited became a Subsidiary of the Company during 2005-06. The Company completed the Phase I erection and commissioning of Multilevel Car Parking System augmenting parking space for 105 cars in 2007.