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Dealers in Tamil Nadu are set to make history by rolling out a public limited
company. The company, titled COM-COM Public Ltd will start its operations by
distributing exclusive products and is expecting investments from across the
country so that the operations would be on a pan-India basis. Around 400 dealers
across the state are said to have already shown interest in investing in the
initiative and will hold stakes in the company. However, company sources didn't
reveal the investment, as it has not yet been fixed.
The procedure for getting the company registered is in progress and it
wouldn't be surprising if the company is launched by the end of April. PN
Prasad, CEO, Microplus Computers, who is driving the setup of the company said,
“The whole idea of launching this company is to take various IT products and
services to all the places with huge visibility, as dealers have a vast presence
in every corner of the country, and they need not depend on anyone for service
and support.”
To start with the company proposes to distribute products of ELCOT, who
recently showed interest in working with the channel as they aim to increase PC
penetration by supplying one-lakh brand desktops and laptops to educational
institution and the student community. Claiming that the process in its initial
stages, Prasad said, “We are looking at taking this forward legally and working
with ELCOT and other vendors. We have the capacity to take forward the project
easily with our strong and vast presence and can extend service support to the
costumers in a more enhanced manner.”
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Subsequent to the distribution activities, COM-COM Public Ltd has proposed
to set-up multi-location service centers for major vendors and centers for
training the dealers in major cities and upcountry locations. The company has
also planned to undertake AMCs of multi-location companies such as banks, Prasad
informed. As a policy the company will not deal with multi-distribution products
and would only undertake exclusive and good products, he claimed. He also said
that initially COM-COM would not enter the retail format. The company has also
proposed to go for an IPO and appoint executive members post the launch.
It may be noted that the new company has no relation with Confed-ITA, the
common body working for the welfare of IT associations across Tamil Nadu,
despite Prasad being the VP of the association. A company source clarified that
it was a collective decision and had no bearing with Confed. Page(s) 1
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