Says it will touch Rs. 2000 crore revenue in this fiscal
Iris has declared that they plan to touch Rs. 2000 crore revenue in this fiscal with an ambitious plan to set Iris as the “Distributor of Choice”.
Companies like Dell Lenovo, Samsung, Acer have helped Iris Computers Ltd to elevate its growth from Rs. 823 Crore in 2010-11 to targeting Rs. 2,000 Crore in the year 2013-14.
Sanjiv Krishen , Chairman, Iris Computers, said, “We want to position ourselves as the ‘Distributor of Choice’ for IT companies and we have been successful in acquiring that status with some of the top firms. Today we have more than 50 per cent of Lenonvo’s commercial computer distribution business, 56 per cent of Samsung’s Enterprise IT business, apart from being the number one distributor for Dell Commercial business.”
He added, “The company closed some other major deals like Samsung systems for Mumbai Airport through L&T for Rs.18 Cr, Kolkata and Chennai Airports for Rs. 15 Cr. There are 23 airports more to be covered .Police modernization programme CCTNS for Delhi, Bihar and Nagaland for Rs.100 Cr was another good deal for the company this financial.”
As per the release, Iris successfully compete and bag distribution orders in the niche area of commercial computers compared to other large distributing firms like Ingram and Redington who dealt with several other product lines too.
Besides, Iris Computers to overcome its constraint of funds has tied up with Inflexion Point a global-focused IT supply chain company of South Asia, parting with eight per cent of its equity.
Krishen, maintained, “We are looking at a target of Rs. 2,000 crore turnover for the period 2013-14. It is a conservative estimate and we will definitely cross it. We plan to open five new offices including offices in Sri Nagar, Madurai, Trivandrum and Ranchi.”