- Business
- Sylph Technologies Limited (BSE: SYLPH.BO), a diversified technology and trading company founded in 1992 and headquartered in Indore, Madhya Pradesh, India, provides software development services and solutions across multiple segments including information technology, education, printing and publishing newspapers, and trading of solar power plant products; its core offerings encompass outsourcing software development, web development, product development, strategy consulting, offshore software development, product migrations, e-commerce solutions for web and mobile enablement, B2B/B2C platforms with framework building, client-server and enterprise applications, mobile software solutions for enterprise, marketing, campaigns, WAP sites, messaging and m-commerce, accounting, taxation services covering income tax, GST and customs duties, auditing, corporate services, financial/legal consultancy, BPO/KPO operations, marketing services such as online/mobile campaigns and market research, IT hardware solutions including setups, network configuration and cloud integration, FMCG distribution, agriculture trading, renewable energy products and real estate development involving residential villas, warehouses and commercial properties. The company serves retail, brand marketing, manufacturing, communication, education, training and digital media markets primarily in India with expanding operations. In a major recent development, Sylph Technologies rebranded to Sylph Industries Limited effective October 24, 2025, following shareholder approval at the September 29, 2025 AGM and regulatory clearance from the Registrar of Companies, while retaining its BSE scrip code 511447 and symbol SYLPH; other key changes in fiscal 2024-25 include significant board transitions with resignations of Managing Director Pranay Vaid, multiple directors and the statutory auditor, alongside appointments of Executive Director Vishal Mehra, new non-executive and independent directors such as Nilesh Jain, Hasmukh Shah, Priyanka Gola and Divya Khandelwal, Managing Director Sandeep Shah effective August 2025, a new statutory auditor FHMSV & Co., approvals for material related party transactions with subsidiary Maxrotth Foods Limited and associate Semitrone Conchem Limited, increased investment/loans/guarantees limits under Sections 185/186, and enhanced foreign portfolio investor shareholding threshold to 49%.