Iris Computers eyes Rs 2000 crore this fiscal

  • Industry News
  • Jul 17,13
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Iris Computers eyes Rs 2000 crore this fiscal

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Top firms in the IT Industry like Dell Lenovo, Samsung, Acer have helped Iris Computers Ltd for the last few years propelling its growth from Rs 823 crore in 2010-11 to targeting Rs 2,000 crore in the year 2013-14.

Elaborating on his roadmap for the year 2013-14, Sanjiv Krishen, Chairman, Iris Computers says, "We want to position ourselves as the 'Distributor of Choice' for IT companies and we have been successful in acquiring that status with some of the top firms. Today we have more than 50 per cent of Lenonvo's commercial computer distribution business, 56 per cent of Samsung's Enterprise IT business, apart from being the number one distributor for Dell Commercial business."

The year on year growth of Iris's business with its existing principals have been the source of its high financial growth. Iris's year to year growth in business so far is:

  • Lenovo is concerned is 52%
  • Samsung as high as 160%
  • HCL 48 %, and
  • Ateis (Audio Systems) at 131%.

According to Mr Sanjiv Krishen, the company closed some other major deals like:

  • Samsung systems for Mumbai Airport through L&T for Rs 18 Cr, and
  • Kolkata and Chennai Airports for Rs 15 Cr.

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There are 23 airports more to be covered, Mr Krishen added. Police modernization programme CCTNS for Delhi, Bihar and Nagaland for Rs 100 Cr was another good deal for the company this financial, he said.

Top IT firms may be competing with each other but as far their distribution is concerned Iris aspires to be their preferred choice .With its fundamentals right and dynamic management team, there will be no stopping Iris to achieve its ambitious goals of breaking the Rs 2,000 Cr mark.

Recently Mr Sanjiv Krishen received the prestigious Lifetime Achievement Award for his contribution of the IT Industry for more than three decades at the national and international level working at top management level in a multinational distribution company representing IBM, Apple, Compaq, AT&T and Paradyne Data Communications. The award recognized his achievement over a span of just four years through rapid expansion of the existing product portfolio and vendor base. Iris Computers is one of the leading and dynamic distributors of computer systems and peripherals, of leading OEMs like IBM, Lenovo, HP, Dell, Samsung, Acer, HCL, Canon and APC through its network of 34 branches throughout India.

Indraneel Bose, Iris Computers Ltd. Email:indraneelbose@gmail.com

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