Redington Group

Last updated
Redington Group
IndustryMobile Handsets
Mobile Accessories
Information Technology
Supply Chain Management
PredecessorG. Kewalram Private Limited
Kewalram Private Limited [1]
FoundedMay 2, 1961;62 years ago (1961-05-02)
Founder R. Srinivasan
Website www.redingtongroup.com

Redington or Redington Group is an organization of companies offering services and products in the field of mobile handsets, mobile accessories, information technology services, artificial intelligence, big data analysis, 5G communications, Internet of Things and supply chain management. [2] [3] [4] [5] [6] The group operates through its three subsidiary companies viz. Redington India, [7] [8] Redington Gulf [9] and Redington Singapore (Redington Distribution). [10] [11]

Contents

History

Redington India

The organization officially started its operation in the year 1993 as R. Srinivasan co-founded [12] Redington in the same year, [13] [14] whereas it was incorporated back in the year 1961 with its primary focus on functioning as the distributor of IT products. With the group's commencement of operation from 1993, the organization gradually started to operate in Middle East and Africa & other South Asian countries. The area of operation was expanded of logistic supply chain management system and broader IT and Telecom Products. [15] Initially the company started to act as the distributor of IT products from Epson, Tripp Lite, Samsung etc. [16] in India. In 1995, the company started to distribute Compaq and Philips products in India. Gradually in subsequent years Redington India started to distribute hardware and software products from Intel and Microsoft. [17] It entered into a tie-up with IBM App Connect Enterprise and Canon in the year 1998. From 2002, the company started its operation in Call Centre segment. In 2007, Redington India started to distribute the Apple products. [18] [19] [20] In 2008 Redington India became the distributor of Adobe products. [21]

In 2008, Investcorp bought 26% stake of Redington International which they later sold in 2012 Redington India via its Gulf Opportunity Fund. [22] In 2019, Redington has acquired 90% stake in Auroma Logistics. [23] [24] In September 2021, Arena Bilgisayar, the Turkish arm and subsidiary of Redington India acquired Brightstar Telekomünikasyon at $35 million. [25] [26] [27]

In August 2023, Rajiv Srivastava resigned as the Managing Director of Redington citing personal reasons. [28]

Redington Gulf

Redington Gulf FZE started its operation in 1999 as a subsidiary of Redington Mauritius Limited. [29] In April 2004, the Redington group acquired the Redington Gulf FZE from Redington Mauritius. During this time, the Redington group also invested significantly in Redington Distribution Pte Ltd and Cadensworth. In 2006, the Redington group acquired 100% stake in both Redington Distribution Pte Ltd and Cadensworth.

Redington Gulf operates across Middle East, Africa, CIS region and, Turkey [30] (via Arena Bilgisayar). [29] Its core services remain around value and telecom distribution, distribution services, logistic services and support services. [29] Redington Value is the "value-added distribution" division of Redington Gulf which is based in Dubai. [31] In October 2015, Redington Value forged partnership with CyberArk through which Redington Value became enabled to distribute CyberArk's Privileged Account Security Platform throughout the middle east region. [32] [33] [34] In November 2015, Redington group through Redington Gulf acquires 70% share of Linkplus. [35] [36] [37] [38] In September 2020, Redington Value signed partnership with CrowdStrike to distribute its falcon endpoint protection suite in the MENA region. [39] [40] In the same month Redington Value also entered into a tie-up with Gigamon. [41] [42]

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References

  1. ↑ "REDINGTON History". valuestocks. 2016-06-07. Retrieved 2021-09-22.
  2. ↑ Business India. A. H. Advani. July 2009.
  3. ↑ "Redington India board approves bonus issue of shares in ratio of 1:1". mint. 2021-07-07. Retrieved 2021-09-22.
  4. ↑ "Redington promoter sells over 5% stake". The Hindu. 2016-06-07. ISSN   0971-751X . Retrieved 2021-09-22.
  5. ↑ "ProConnect acquires Auroma Logistics". The Hindu. 2019-03-25. ISSN   0971-751X . Retrieved 2021-09-22.
  6. ↑ "Rajiv Srivastava joins Redington Group as Joint MD and Additional Director on the Board - Exchange4media". Indian Advertising Media & Marketing News – exchange4media. Retrieved 2021-09-22.
  7. ↑ "Birla TMT and Redington India CP deal:India Money Markets". Bloomberg.com. 2012-05-17. Retrieved 2021-09-22.
  8. ↑ Thoppil, Dhanya Ann (2012-11-01). "Apple's iPhone 5 Could Outshine iPhone 4S in India". Wall Street Journal. ISSN   0099-9660 . Retrieved 2021-09-22.
  9. ↑ "Redington Gulf set to return to GITEX". Arabian Business .
  10. ↑ "Redington Distribution Pte Ltd - Company Profile and News". Bloomberg.com. Retrieved 2021-09-22.
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  12. ↑ "'Charity is not driven by target, but by heart'". The Hindu. 2017-08-02. ISSN   0971-751X . Retrieved 2021-09-22.
  13. ↑ "First Generation Entrepreneurs – Redington (India) – R Srinivasan | Brahmin For Society". brahminsforsociety.com. Retrieved 2021-09-22.
  14. ↑ "Shiv Nadar Foundation launches university in Chennai". The Hindu. 2020-10-29. ISSN   0971-751X . Retrieved 2021-09-22.
  15. ↑ Merchant, Krishna (2013-12-26). "Is Redington India a smart play on smartphones?". mint. Retrieved 2021-09-22.
  16. ↑ "Redington India Ltd". Business Standard India. Retrieved 2021-09-22.
  17. ↑ "Redington India – Wholesale Success". Dataquest. 2000-08-31. Retrieved 2021-09-22.
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  19. ↑ "Redington to offer latest range of iPhones in over 3,500 retail locations in India". Deccan Herald. 2021-09-17. Retrieved 2021-09-22.
  20. ↑ "iPhone 5 Sold Out in India". Wall Street Journal. 2012-11-06. ISSN   0099-9660 . Retrieved 2021-09-22.
  21. ↑ Bhattacharya, Jayati (2011). Beyond the Myth: Indian Business Communities in Singapore. Institute of Southeast Asian Studies. ISBN   978-981-4345-27-9.
  22. ↑ "Global Deal: Investcorp Sells Redington Stake to Parent". Wall Street Journal. 2012-02-13. ISSN   0099-9660 . Retrieved 2021-09-22.
  23. ↑ "Redington buys 90% stake in Auroma". @businessline. Retrieved 2021-09-22.
  24. ↑ "Redington group co acquires 90% stake in Auroma Logistics - Times of India". The Times of India. TNN. Mar 26, 2019. Retrieved 2021-09-22.
  25. ↑ "Redington's subsidiary Arena to acquire Turkish arm of US-based Brightstar Corp". VCCircle. 2021-09-14. Retrieved 2021-09-22.
  26. ↑ "Redington Turkish arm acquires 100% shares of Brightstar for $35 million". www.indiainfoline.com. Retrieved 2021-09-22.
  27. ↑ Market, Capital (2021-05-05). "Redington India's subsidiary update on potential acquisition of Brightstar Turkey's operation". Business Standard India. Retrieved 2021-09-22.
  28. ↑ "Redington MD Rajiv Srivastava resigns citing personal reasons". BusinessLine. 2023-08-11. Retrieved 2023-08-14.
  29. 1 2 3 Paul, Justin (1966). International Marketing - Text & Cases. McGraw-Hill. ISBN   978-1-259-00180-2.
  30. ↑ The Report: Turkey 2012. Oxford Business Group. 2012. ISBN   978-1-907065-59-0.
  31. ↑ "Redington Value". www.redingtonvalue.com. Retrieved 2021-09-22.
  32. ↑ "Redington Gulf". CyberArk. Retrieved 2021-09-22.
  33. ↑ "Redington Value seals security deal with CyberArk". gulfnews.com. Retrieved 2021-09-22.
  34. ↑ D'Mello, Sandhya. "Redington Value, CyberArk tie up". Khaleej Times. Retrieved 2021-09-22.
  35. ↑ Sanjai, P. R. (2015-10-07). "Redington India to acquire 70% of Linkplus Bilgisayar of Turkey". mint. Retrieved 2021-09-22.
  36. ↑ Kurup, Rajesh. "Redington (India) to acquire 70% stake in Linkplus Bilgisayar of Turkey". @businessline. Retrieved 2021-09-22.
  37. ↑ "Redington India updates on acquisition of Linkplus". Business Standard India. 2015-11-27. Retrieved 2021-09-22.
  38. ↑ "Redington (India) shares gain, subsidiary to buy 70% of Turkey firm". The Financial Express. 2015-10-07. Retrieved 2021-09-28.
  39. ↑ "Redington Value announces MEA partnership with CrowdStrike". TahawulTech.com. 2019-05-14. Retrieved 2021-09-22.
  40. ↑ "Redington Value Journal - June 2019". Issuu. Retrieved 2021-09-22.
  41. ↑ "Gigamon announces Redington Value as distributor for Middle East and Africa". TahawulTech.com. 2020-09-14. Retrieved 2021-09-22.
  42. ↑ "Gigamon, Redington to present new security platform at Gitex 2016". Intelligent Tech Channels. 2016-10-10. Retrieved 2021-09-22.
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