Millennium Online Solutions ( India ) Ltd

Millennium Online Solution (formerly known as Mahamaya Investments Limited), established in April 1980 under the leadership of Yogindra N Mafatlal, operates in the financial services sector. In 1994, the company issued rights shares at a premium of Rs 5 and subsequently exercised rights to acquire equity shares in Indian Dyestuff Industries and Mafatlal Dyes & Chemicals. These acquisitions were funded in part by the proceeds from the rights issue and by divesting some of the company's existing investments. Adhering to regulations outlined in the non-banking financial companies (Reserve Bank) directions, the company invested in Unit Scheme 1964 of the Unit Trust of India and Kisan Vikas Patra issued by the Government of India. During the year, a portion of the UTI investment (Rs. 1.98 lac) was divested, and Kisan Vikas Patra (Rs. 1.50 lacs) was withdrawn upon maturity. In 2013, the company expanded its operations into the Information Technology sector, specifically focusing on the hardware segment.