Exhibit 21.1

GBS Enterprises Incorporated, a Nevada corporation (OTCBB: GBSX)

List of Subsidiaries

1. GROUP Business Software AG, a German corporation, 50.1% owned by GBSX (“GROUP”)

i. B.E.R.S AD, a Bulgarian corporation, 50% owned by GROUP

ii. GBS Corp., a Delaware corporation, 100% owned by GROUP

a. Permessa Corp., a Delaware corporation 100% owned by GBS Corp.

iii. ebVOKUS, a German corporation, 100% owned by GROUP

iv. GROUP Live, N.V., a Danish corporation, 100% owned by GROUP

a. GBS (UK) Ltd., a corporation formed in England, 100% owned by GROUP Live, N.V.

v. Relavis Corp., a New York corporation, 100% owned by GROUP

2. Pavone AG, a German corporation, 100% owned by GBSX

i. Pavone GmbH, a German corporation, 100% owned by Pavone AG

ii. Pavone Ltd., a German corporation, 100% owned by Pavone AG

3. GroupWare, Inc., a Delaware corporation, 100% owned by GBSX

i. GroupWare AG, a German corporation, 100% owned by GroupWare, Inc.

4. GBS India Pty. Ltd. (formerly SD Holdings Ltd.), a Mauritius corporation, 100% owned by GBSX

i. Synaptris Decisions Ltd., a corporation formed in India, 100% owned by SD Holdings Ltd.

ii. Synaptris, Inc., a California corporation, 100% owned by SD Holdings, Ltd.

5. IDC Global, Inc., a Delaware corporation, 100% owned by GBSX