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CMC Motocross history
CMC Motocross company history timeline
CMC was incorporated on 26 December 1975, as the 'Computer Management Corporation Private Limited'. The Government of India (GoI) held 100 percent of the equity share capital.
On 19 August 1977, it was converted into a public limited company, again wholly owned by the GoI.
In 1977, the Janata Party government took office in India.
In 1978, CMC took over the maintenance of IBM installations at over 800 locations around India.
As early as 1980, CMC anticipated the way the world was moving and noted the market requirement for IT system improvements.
Loretta Lynn's, as it's affectionately called, started in 1982, just a year after race promoting legend Dave Coombs stopped by the ranch and immediately took to it.
CMC was renamed CMC Limited (Computer Maintenance Corporation) in August 1984.
CMC Limited has the credit of introducing computer applications at a mass scale in the late 80s with its design and deployment of Indian Railways Reservation System IMPRESS (Integrated Multi-train Passenger Reservation System) in New Delhi on 15 October 1985.
The elder Coombs passed away on August 3, 1988 - the first day of Loretta Lynn's that year. "The essence of Loretta Lynn's has not changed.
In 1993, CMC's shares were listed on the Hyderabad Stock Exchange and the Bombay Stock Exchange (BSE).
Ricky Carmichael made his pro debut a few weeks after winning his final amateur title at Loretta's in 1996.
The 1997 Economic Census showed that the NAICS 441221 motorcycle dealers showed 3,635 establishments with sales ($1,000) of 7,369,260.
To service and develop its clientele in the UK and Europe, CMC opened a branch office in London in 2000.
In October 2001, CMC was privatized by the GoI, and was divested to a leading Indian IT firm, Tata Consultancy Services (TCS), which is the largest software services company in Asia.
S S Ghosh has completed his term as Managing Director and CEO on December 12, 2003.
In 2003, in line with its strategy of offering its products and services globally, CMC opened a branch office in Dubai to tap the hitherto unexplored markets of West Asia and Africa.
Mike Alessi won seven titles at Loretta's and also started his pro career weeks after sweeping his final six Motos at Loretta's in 2004.
In 2004, the government disinvested its remaining 26.5 per cent stake in CMC to the public.
Ryan Villopoto took the 125 A amateur title at Loretta's in 2005 before turning pro and, the same year, Ryan Dungey grabbed the 125 Modified 12-15 title before starting his pro career.
Kalpana Morparia has been appointed as Independent Director on the Board of Comp. with effect from March 11, 2008.
On 16 October 2014, thirteen years after the Tatas had acquired a majority stake in CMC, the Board of Directors of CMC decided to merge the company into Tata Consultancy Services Limited.
The merger took effect on 1 October 2015.
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CMC Motocross competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Vernon Downs | - | $17.0M | 350 | - |
| SoftNice | 2001 | $12.9M | 704 | 82 |
| Interactive Systems, Inc. | - | $13.0M | 30 | - |
| RIIS | 1998 | $5.8M | 64 | - |
| I Tech Solutions | - | $58,000 | 50 | 20 |
| Jade Global | 2003 | $37.5M | 2,000 | 25 |
| Nowcom | 1996 | $5.9M | 300 | - |
| Minitab | 1972 | $103.8M | 22 | 14 |
| DXC Technology | 2017 | $13.7B | 130,000 | 212 |
| UGS Capital Corporation | - | $98.4M | 7,300 | - |
CMC Motocross history FAQs
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CMC Motocross may also be known as or be related to CMC Corp, CMC Motocross, Cmc and Cmc Corp.