Exhibit 21.1
GBS Enterprises Incorporated, a Nevada corporation (OTCBB: GBSX)
List of GBSX Subsidiaries as of December, 31 2011
| Headquarters | Ownership Percentage (%) | |||||||||
| ebVOKUS Software GmbH | Dresden | 50.1 % | * | |||||||
| GROUP Business Software (UK) Ltd. | Manchester | 50.1 % | * | |||||||
| GROUP Business Software Corp. | Woodstock | 50.1 % | * | |||||||
| GROUP LIVE N.V. | Den Haag | 50.1 % | * | |||||||
| GROUP Technologies GmbH | Karlsruhe | 50.1 % | * | |||||||
| Permessa Corporation | Waltham | 50.1 % | * | |||||||
| Relavis Corporation | New York | 50.1 % | * | |||||||
| GROUP Business Software AG | Eisenach | 50.1 % | ||||||||
| Pavone AG | Paderborn | 100 % | ||||||||
| Pavone GmbH | Boeblingen | 100 % | ||||||||
| Pavone Ltd. | North Yorkshire | 100 % | ||||||||
| Groupware Inc. | Woodstock | 100 % | ||||||||
| Groupware AG | Luebeck | 100 % | ||||||||
| IDC Global, Inc. | Chicago | 100 % | ||||||||
| SD Holdings | Mauritius | 100 % | ||||||||
| Synaptris Private Decisions Ltd. | Chennai | 100 % | ||||||||
| Synaptris, Inc. | San Jose | 100 % | ||||||||
* Indirectly held through our 50.1% ownership of GROUP Business Software AG
