Redington India (REDINGTON) was incorporated in 1961. It commenced Indian operations in 1993. Redington India has its operation across India, Middle East and Africa. The company has transformed itself from a pure IT products distribution firm to a supply chain solution provider that includes non-IT products and involves the management of inventory of greater than 4,000 SKUs (stocking units) while transacting business with over 10,500 channel partners globally. Redington India acquired Redington Gulf FZE (Middle East and African operations) in April 2004 from its promoter, Redington Mauritius. Redington Gulf FZE was set up as a subsidiary in 1999 by Redington Mauritius for catering to the Middle East and African markets. Redington Gulf FZE expanded its operations to 11 countries in the Middle East and Africa.
Redington India also acquired Redington Distribution (Singapore operations) as well as Cadensworth India in April, 2005. As of March 31, 2007, Redington (India) distributed products to resellers through a network of approximately 57 warehouses in India, Middle East, Africa, and Singapore. In December 2004, the Synnex group, the third largest IT distribution company in the world, made an investment of 36% in Redington India. In March 2006, ChrysCapital, a private equity firm, acquired 11% stake in Redington India through its investment company Beethoven Limited, Mauritius. Redington, through all its subsidiaries, distributes products from over 30 leading manufacturers and services to over 10,500 reseller customers. REDINGTON is headquartered at Chennai, India.
Update Results/Announcements
Redington (India) has posted a net profit after tax of Rs. 612.70 million for the quarter ended September 30, 2011 as compared to Rs. 492.90 million for the quarter ended September 30, 2010. Total Income has increased from Rs. 38908.10 million for the quarter ended September 30, 2010 to Rs. 54372.70 million for the quarter ended September 30, 2011.
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