HCL Infosystems India’s premier hardware, services and ICT systems integration and distribution company and Tikona Digital Networks Limited (Tikona) today announced the signing of the agreement on latter taking up the entire equity stake of HCL Infinet Limited, a wholly owned subsidiary of HCL Infosystems. The sale of shares is subject to and shall be given effect post necessary regulatory approvals. The move comes as a part of HCL Infosystems’ transformation strategy under which the company will be further strengthening its core business and expanding into identified growth areas.
“HCL Infinet is today poised to take on a different growth trajectory and is best suited to further strengthen an enterprise like Tikona focused on delivering ISP services in the fast emerging telecom industry. HCL Infosystems on the other hand has been rapidly emerging as a leading systems integration and product engineering company, enabling projects across the country in the areas from eGovernance, power, telecom, education and learning to security etc. The company has also completed two acquisitions in the past few months to expand its geographical presence. This step can be viewed as the company further consolidating and strengthening its IT service offerings”, said Mr. Harsh Chitale, Chief Executive Officer, HCL Infosystems Ltd.
HCL Infinet started its ISP/NLD operations in the year 2000 and holds an all license to operate as a Class “A” ISP, ITSP and NLD service provider. With over a decade of experience and a rich base of enterprise customers, the company today has an experienced work force which now has a great opportunity to excel with Tikona. This alliance of HCL Infinet’s experience and Tikona’s commitment in the market place would be a great team to offer its valued customers a host of additional solutions driving greater value and quality service.
About Tikona Digital Network (TDN)
TDN was founded in 2008 by veterans from the telecom industry, who have built some of the largest telecom networks in India. With a vision to be a leading Broadband and IT services company, offering innovative products and solutions to home, enterprise and service provider customers in India, Tikona Digital Networks believes that the next generation services will change the way India lives, transacts, and communicates. TDN is adequately funded by top end global investors and is committed to comply with the highest standards of corporate governance.
For further information please log on to – www.tikona.in
About HCL Infosystems
HCL Infosystems Ltd, with revenue (LTM) of US$ 2.6 billion (Rs. 12, 159 crore) is India’s premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organisation. India’s leading System Integration and Infrastructure Management Services Organisation, HCL has specialised expertise across verticals including Telecom, BFSI, eGovernance & Power. HCL has India’s largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more.
HCL today has India’s largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India’s largest ICT services network that reaches to every corner of India, HCL’s award winning Support Services makes it the preferred choice of enterprise and consumers, alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called ‘Safe State’ that safe guard’s life, infrastructure & society. For more information please visit us at www.hclinfosystems.in
