The Hindu Business Line : Redington’s digital expo from May 16

Chennai, May 14 Redington India Ltd, a leading supply chain service provider for IT and related products, is organising an exhibition for IT, consumer electronics and telecom products — Digital Expo 2008.

The first edition of the expo, scheduled between May 16 and 18 at Chennai Trade Centre, will showcase software products and computer education apart from a range of computers and peripherals.

According to Mr Ramesh Natarajan, Head (Marketing & Sales), India Operations of the company, the three-day expo is expected to attract a minimum of 20,000 visitors. “As this would also offer a cost-effective platform for our vendors, dealers and others, the expo will go a long way in providing further fillip to the growth of the IT industry in the State,” he said.

Redington, through all its subsidiaries, distributes products of over 40 leading manufacturers, services over 12,000 channel partners in India and over 2,800 channel partners in West Asia and Africa.

Credit facilities

Redington India, apart from providing supply chain management services to its vendors and brand owners, offers credit facilities for its customers too. In November last year, it acquired Delhi-based non-banking finance company, Easyaccess, for Rs 3 crore, and pumped in another Rs 80 crore into the company.

Easyaccess focuses on the commercial finance space of the IT sector. For the fiscal ended March 31, 2008, Easyaccess disbursals aggregated Rs 477 crore.

While Taiwan-based IT distribution company, Syntex Group, has 28 per cent stake in Redington India, private equity firm, ChrysCapital, has acquired 11 per cent stake through its investment company Beethoven Ltd of Mauritius.

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