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NR Sethuraman
Chennai
May 12, 2008
Zigma Technologies India, a subsidiary of Erode-based Zigma Computer Links
will soon launch its own point of sale (POS) products in India.
The company has been working on these products in their R&D center since
six years. The product would hit the market by June this year. “We see a lot
of potential in the retail segment. Our soon-to-be-launched POS products would
revolutionize the retail industry, as it would be the first such product built
completely on the open-source model,” said KP Mutharasu, Chairman, Zigma
Technologies India.
While Zigma Computer Links is into hardware reselling and targets the
end-users, Zigma Technologies focuses on the solutions/system integration
vertical on the government projects and small corporates.
Since its inception in 2001, they have completed close to 30 e-governance
projects. “We have been working on e-governance projects and now we want to
cater to other segments too. We are sure that the launch of our POS product will
take the company to new heights,” said S Raja Kathiravan, MD, Zigma
Technologies India.
The reducing margins have forced Zigma to concentrate more on the solutions
rather than on the hardware. “From this year, we are aggressively targeting
the solutions' side. The e-governance industry is worth Rs 25,000 crore and we
are aiming to capture at least one percent of this figure. This apart, focusing
on other divisions would make us more prolific,” Kathiravan claimed.
Head quartered in Erode, Zigma Computer Technologies operates in major tier-2
cities in Tamil Nadu and also have operations in Chennai, Bangalore, Hyderabad
and Delhi, with a head count of 100 people. They also have plans to enter into
the other tier-2 cities across Tamil Nadu by next fiscal and have applied for a
10,000sq ft area in the proposed IT park in Tirunelveli. “We have touched the
Rs 11 crore mark during the last fiscal and are proposing to touch a topline of
Rs 50 crore by next three years,” said Mutharasu.
The company has also proposed to go for an IPO in another three years. “Once
we touch a revenue of Rs 50 crore, we aim to go for an IPO to transform us into
a Public Ltd company,” he informed. Page(s) 1
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