News

2013
    • 28/Dec

      Is Redington India a smart play on smartphones?

      Redington (India) Ltd shares have rallied 30% from September lows after the technology and hardware equipment distributor decided to sell an at least 90% stake in its non-banking finance subsidiary—Easyaccess Financial Services—and on expectations that strong growth in AppleiPhone sales will offset sluggish revenue growth for information technology (IT) products.

    • 19/Dec

      Redington India appointed as National Distributor by Palo Alto Networks for distribution of Network

      Redington (India) Ltd has tied up with M/s. Palo Alto Networks, Inc. (Palo Alto) as a National distributor for distribution of their Network Security products.

    • 28/Nov

      Redington to transfer support services biz to its subsidiary

      Redington (India) Ltd, is planning to transfer its after-sales support services business to a wholly-owned subsidiary.

    • 26/Nov

      Redington India to sell NBFC arm Easyaccess Financial to promoter

      Chennai-based supply chain managementcompany Redington (India) Ltd will sell non-banking finance arm Easyaccess Financial Services, which the Street viewed as a major overhang, to its promoter Harrow Investment Holding Ltd in a transaction that could fetch it up to Rs 288 crore.

    • 18/Nov

      Redington India Ltd reports higher profit of Rs. 76.07 crore in Q2

      Redington (India) Ltd has announced the Financial Results for the period ended September 30, 2013.

    • 08/Nov

      See better H2FY14; NBFC sale in 60-90 days:

      Redington India In an interview to CNBC-TV18, SV Krishnan, CFO of Redington India says that he expects better performance in

    • 12/Oct

      Redington India: Buy

      In India, many countries in West Asia, and most parts of the African continent, there has been a rapid offtake of IT products such as desktops, laptops, servers and routers as well as digital devices such as smart phones and tablets.

    • 04/Sep

      Redington gains as arm acquires ADEO for USD 1.09 mn

      Redington (India), a business of supply chain management company, gained on Wednesday after its overseas step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret Anonim Sirketi, Turkey (Arena) has acquired 47.78% shares of ADEO Bilisim Danismanlik Hizmetleri San. ve Tic. A.S. (ADEO). The value of investment is USD 1.09 million.

    • 11/Aug

      Redington India: Slump in BlackBerry sales offsets gains from iPhones

      When Redington (India) Ltd announced last September that it had added iPhone to the list of products it will distribute for Apple Inc. in India, investors cheered the news. They weren’t far off the mark—sales of iPhones in India jumped 400% year-on-year in the June quarter off a low base, and even grew on a sequential basis. Even so, Redington’s shares have declined by about 25% since September, and by 39% year-till-date.

    • 26/Jun

      Redington appointed National Distributor for Lenovo Smart Phones

      PC major Lenovo has appointed Redington India as their National Distributor for Smart Phones in India for effectively penetrating the IT channel.

    • 25/Jun

      ASUS appoints Redington as National Distributor

      ASUS has today announced the appointment of Redington as a national distributor for its Component Business. Redington will now handle distribution for ASUS motherboards and optical drives across the country along with ASUS’ existing distributor Rashi Peripherals. The decision to appoint Redington was taken keeping in mind the customer demand, channel expansion and strategic plans of the company.

    • 12/Jun

      CtrlS Enters a Strategic Partnership with Redington India

      CtrlS has announced a strategic partnership with Redington India. The partnership will make select set of partners of Redington capable of selling Managed Services, Network Services and other offerings such as Disaster Recovery, Cloud offerings, Messaging solutions among others. With the partnership, CtrlS aims to increase its reach and also address challenges faced by Companies, for a smooth functioning in a dynamic and complex IT environment.

    • 06/Jun

      Nomura sees over 40% upside in Redington India

      Nomura Equity Research has maintained a 'buy' rating on Redington India as it expects the company to be a beneficiary of increases in IT & non-IT spending in India due to underpenetration of computers, lifestyle electronics and consumer durables.

    • 22/May

      Redington India’s consolidated net rises to Rs 105 cr in Q4

      IT and telecom products distributor Redington India on Wednesday reported 2.68 per cent increase in consolidated net profit at Rs 104.83 crore for the fourth quarter ended March 31, 2013 as against a net profit of Rs 102.09 crore during the corresponding period of previous year, Redington India said in a BSE filing.

    • 05/Apr

      Will take steps to address tax issue: Redington India

      The taxman has slapped Rs 138 crore notice on Redington India for violating transfer pricing norms. The case dates back to 2009 transaction involving Redington India, Redington Gulf FZE (RGF) and Investcorp. Until 2009, RGF, Dubai was a 100 percent subsidiary of Redington (India).

    • 08/Mar

      Redington To Distribute QNAP

      The company has framed an aggressive marketing program with Redington to leverage on their presence in the enterprise and SMB segments

    • 04/Mar

      Amazon appoints Redington India as distributor for Kindle devices

      Looks like Amazon is planning to take a more aggressive approach in pushing its e-reader devices to the Indian market. According to stock exchange filing, first spotted by MediaNama, the company has appointed Redington India as a national distributor for its Kindle devices. The filing mentions that the tie-up will give Redington an entry into the e-reader segment.

    • 13/Dec

      Redington:Gaining on rising consumerism

      Information technology (IT) and consumer products distribution and services company, Redington India, is likely to benefit from the growing demand for such products in the country. It recently got exclusive rights to distribute the iPhone 5 in India, expanding the range of Apple products it distributes. Rising revenue contribution of Apple products (which enjoys high asset turnover and negative working capital days)...

    • 23/Nov

      Nomura sees 44% upside in Redington India

      Nomura has reiterated 'buy' recommendation on Redington India and increased its target price to Rs 115, an upside of 44 per cent to the current market price.

    • 07/Nov

      SMART Technologies Appoints Redington

      SMART Technologies Inc. has announced the appointment of Redington as an authorized distributor for SMART’s business collaboration and interactive products. Through this working agreement SMART aims to strengthen its presence across India and South Asia by addressing the needs of customers in the rapidly growing collaborative business solutions market.

    • 02/Nov

      Apple iPhone 5 finally comes to India

      Apple has officially launched iPhone 5, its latest flagship smartphone, in India today at promotional events in New Delhi, Gurgaon, Mumbai and Bangalore. The company has partnered with distribution masters Redington and Ingram Micro, which revealed the launch date for the phone last week, to retail the device across the country.

    • 31/Oct

      Nomura reiterates Buy on Redington

      Nomura has reiterated a 'Buy' rating on Redington India, India's largest distributor of IT and electronics products and set a target price of Rs 101.

    • 29/Oct

      Redington Q2 profit up 19% to Rs 72.92 cr

      IT distributor Redington (India) has posted a 19% jump in its net profit to Rs 72.92 crore for the second quarter ended September 30, 2012. The Chennai-based company had a net profit of Rs 61.27 crore during the same period last year, the company said in a filing to the BSE. Total income rose to Rs 5,859.71 crore from Rs 5,188.97 crore in the year ago period

    • 29/Sep

      Redington India: Buy

      The demand for information technology (IT) products such as desktops, laptops and printers continues to grow at a sedate pace in the developed markets. But in India, many countries in West Asia, and most parts of the African continent, there has been a rapid off-take of IT products as well as digital devices such as smartphones and tablets.

    • 17/Aug

      Redington (India) looks at Africa

      IT and ITeS supply chain management company Redington (India) Ltd is planning to expand its operations to the North African market, including Morocco, Libiya, Algeria and Tunisia along with some countries in South Africa in next three years, after gaining experience from the sub-Saharan Africa.

    • 06/Aug

      Fortinet Appoints Redington as New Distributor in India

      Fortinet announced that it has appointed Redington, to distribute Fortinet's entire range of network security solutions in the country. This appointment augurs Fortinet's next phase of growth in the market by driving expansion of the vendor's channel ecosystem and its penetration into tier-2 and tier-3 cities.

    • 21/Jun

      Redington India Acquires Sterling Technopolis IT Park

      C Sivasankaran has sold Sterling Technopolis IT Park to Chennai based-Redington India Limited for Rs. 110Cr.

    • 09/May

      Redington to distribute VMware products in India

      Virtualisation and cloud technology provider VMware, Inc. today announced the appointment of Redington as its national value added distributor for India.

    • 24/Mar

      Microsoft India Names Avnet and Redington as Value-Added Distributors

      Microsoft India has appointed Avnet and Redington as its Value-Added Distributors (VADs) in the country in a move aimed at creating an enhanced and superior level of service for partners and customers in the SMB space on the latest technologies.

    • 19/Mar

      Redington - Tie-up with Parallels International

      Parallels has announced an exclusive partnership with Redington, a leader in end-to-end supply chain management of IT and non-IT products in India.

    • 09/Sep

      Ricoh ties up with Redington India

      Ricoh India Limited, a subsidiary of Ricoh Company, Limited, Japan, a US$ 23.4 billion global giant and a leader in the field of Imaging Solutions has announced its strategic tie up with Redington (India) Ltd. as their value added channel partner for their Production Printing products.

    • 11/Aug

      Objet gets official representation through Redington in India

      After HP Indigo, Objet becomes part of the Redignton's Graphic Solution Business Objet Asia Pacific Ltd., the subsidiary of Objet Ltd., has announced Redington India Limited as its master distributor for India. Redington India will distribute Objet's 3D printing systems and products across the country.

    • 02/Aug

      Top 200 IT firms in India log revenue of $84b in FY11

      The top 200 IT companies in India logged a combined revenue of $84 billion (Rs 384,250 crore) to achieve an average growth rate of 25 per cent in 2010-11, the highest in the past four years, according to a survey.

    • 05/Jul

      StanChart PE Buys 10% In Redington For Rs 365 Cr

      Standard Chartered Private Equity has bought 10% stake in Chennai-based Redington India Limited for Rs.365.13 Cr, while ECL Finance Ltd, the NBFC arm of Edelweiss has bought 2% stake in Redington for Rs.73 Cr.

    • 04/Jul

      Redington looks at Govt projects

      The Government sector, which is spending large sums of money in e-governance project and procuring information technology products, is turning out to be another major area of focus for the Chennai-based Redington India Ltd.

    • 24/Jun

      Redington India appointed as National Distributor by Research in Motion for PlayBook Tablet

      Subsequent to signing with Research-in-Motion Singapore Pte Limited (RIM) for distribution of their BlackBerry Handsets, Software Licenses and updates, RIM has further appointed Redington (India) Ltd as National Distributor for their PlayBook

    • 17/Feb

      Strontium appoints Redington as National Distributor

      Strontium Technology and Redington announced their tie up for Indian market. Redington would become the National Distributor for Strontium’s DRAM and Flash products.

    • 15/Nov

      Redington India (Rs 284.2): Buy

      Investors with medium-term perspective can consider buying the stock of Redington India. It has been on a steady intermediate-term uptrend from its all-time low of Rs 80 recorded in late February.

    • 07/Aug

      RSA to Leverage Redington Expertise for India Expansion

      RSA, the security division of EMC, has roped in Redington as its second national distributor in India. The security vendor already has WeP Solutions as its national distributor in the domestic market. Redington has been a distributor for EMC for several years now. RSA wants to leverage on the mix of storage-security offerings with this new alliance.

    • 31/May

      Redington India: Buy

      Investors with a two-year horizon may buy the shares of Redington India, an IT hardware and software distributor.

    • 05/Mar

      Redington to market Sun programme

      Sun Microsystems has expanded its marketing by selecting Redington India for its Sun Open Access Channel Programme in India.

    • 19/Nov

      Redington India transfers MEA biz

      IT distributor Redington India today said it has transferred its Middle East and Africa (MEA) business Redington Gulf FZE, Dubai to its overseas subsidiary.

    • 26/Aug

      Redington plans to set up 4 automated distribution centres

      For better utilisation of warehouse space and improved operational efficiency, Redington India Ltd intends to set up four automated distribution centres (ADCs) in four metros at a total cost of Rs 150-200 crore.

    • 28/Jul

      Authenex Ties up with Redington India Ltd

      Authenex, with its offerings that enable robust (two factor) local and remote challenge/response, OTP, and PKI authentication, files, secure and certificates, aims to make most of the upbeat security market. The US –headquartered vendor is aggressively pursuing its “Go to Market” with its sole distributor Redington (India) Ltd for the channel community.

    • 15/Apr

      Sonicwall Announces its New RMA Partner

      SonicWALL, BV (NASDAQ: SNWL), a leading secure network infrastructure company, announced Redington as the new company to manage its RMA process in India.

    • 08/Feb

      Adobe Systems Partners with Redington

      Adobe has announced the appointment of a new distributor and Adobe Licensing Center , Redington. This partnership has been forged to successfully position Adobe's product offerings to increase its reach and tap more verticals in the Indian market.

    • 25/Dec

      Redington: banking on volume growth

      After its listing, Redington has seen quite a run this year. Operating in the IT sector the company, along with Ingram Micro, controls around 70% of the domestic IT distribution market, which includes selling package software, hardware and peripherals. And this market is slated to grow at a 20% rate and is expected to maintain this pace as India expands its IT infrastructure.

    • 12/Jan

      Redington plans to raise Rs 149.5cr thru IPO

      Redington (India), Chennai-based provider of IT products and support services, is coming out with an initial public offering, IPO to raise around Rs 149.5 crore in the upper end of the price band of Rs 95-113 per share.

    • 11/Jan

      Redington to come up with Rs.150 cr IPO

      MD at Redington, R Srinivasan says that the money raised from the new issue would go towards setting up a new distribution centers in India. He adds that the company is looking to raise about Rs 150 crore and the price range is between Rs 95-113 per share.

    • 28/Dec

      HP to double Indigo press sale in India

      Hewlett-Packard, the $90-billion US-based technology solutions provider, is betting high on India to sell its Indigo digital press, a digital printing solution.

    • 03/Sep

      Fujitsu partners Redington

      Fujitsu, provider of customer-focused IT and communications solutions for the global marketplace, recently announced their decision to tie-up with Redington India Ltd to enhance their market outreach in India.

    • 09/Aug

      MS launches Xbox 360 gaming in India

      Microsoft Entertainment and Devices Division on Tuesday launched Xbox 360 that, it claimed, would expose Indian videogame players to next generation gaming experience.

    • 18/Jul

      Plantronics sets up new technical centre

      Plantronics, makers of lightweight communication headsets, on Tuesday announced setting up of their technical support centre in India in association with services arm of Redington India, Cadensworth -- to provide efficient after sales service to its customers.

    • 21/Dec

      Xerox market share rises in Q3

      Document management major Xerox India Limited on Wednesday said it has extended its market share in copier-based multi-function product (MFP) segment in India.

    • 27/Jan

      Redington to market Wipro Infotech products

      Redington will distribute a select range of Wipro Infotech`s desktops, notebooks and entry level servers targeting the small and medium business enterprises and small office and home office segments.