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Press Release |
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TVS-E reports 22.28% dip in its revenues for the FY 2007-08 |
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Maintains its leadership with a share of 40% in the DMP market |
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Chennai, April 26, 2008: TVS Electronics has
announced the unaudited results for the fiscal
year ended 31st March 2008. The company has
reported a dip in its revenues by 22.28 % during
the period as compared to the previous year.
However it has recorded a 4.28 % growth in sales
of its continuing business which primarily
consists the manufacturing and distribution of
Dot Matrix Printers, and Point of Sale Solutions
introduced for the SME and retail sectors.
During the board meet held, Mr. Gopal Srinivasan
announced relinquishment from his post as Whole
Time Director of TVS-E, although he would
continue to be a Director on the Board of the
Company.
Mr.M.Somasundaram has been appointed as the
Manager, Companies Act and will spearhead the
growth of the company. Commenting on the
company’s future plans he says.
The meeting also proposed the introduction of
Employee Stock Options (ESOPs) and Employee
Stock Purchase Plan (ESPP) for its employees
which are being considered for approval. |
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About TVS Electronics: |
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TVS Electronics Limited, a part of the
90-year-old TVS Group is one the largest
manufacturer of Computer Peripherals in the
country. The range of offerings includes
Products - Dot Matrix printers, Keyboards,
Printing Supplies, Transaction Solutions, and
Point of Sale Products (PoS).
TVS-E has a large distribution and service
network, which reaches over 450 towns across the
country with two National Distributors, more
than 200 Regional Distributors and over 3,000
Authorized Dealer Partners. The company has
manufacturing facilities in Tumkur and Chennai. |
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