The Company is one of the approved
supplier of Embedded systems, solutions and MIL grade hardware to the Indian Defence
Industry for the past 10 years
Developed state-of-the-art Computerized
Integrated Manufacturing (CIM), Quality Assurance System (QAS) and Tube Tracking System
(TTS) for the Tube Mill industry.
Established in providing customized
control, automation and testing systems to the Automotive
industry.
Designed and developed Manufacturing
Execution System (MES) for management of process and maintenance, labour, quality, product
tracking & geneology and performance analysis.
The Company has a strong presence in the
many countries like India, Indonesia, Netherlands, Germany, USA etc.
Microcon is promoted by Mr. Ravi
Narayanan who is well educated and have been in the IT industry for over 15 years.
The company’s total income decreased
from Rs.93.04 million in 1996 to nearly Rs.87.04 million in 1999. The six month period
closed on December 1999 with a total revenue of Rs 38.25 million. During the same period,
the net profit decreased from Rs.20.76 million to Rs.10.32 million and in the nine month
period, it stood at Rs 10.09 million.
The net profits of the company have been
increasing at a CAGR of over 30% in the past two years.
Microcon is expanding its infrastructure
facilities for the betterment of its hardware and software development. The company also
plans to set up an office in US.
The company has estimated the total
expenditure at Rs 180 million for the project
The issue goes by NRE/FCNR account and on
repatriation basis. And 1,50,000 shares are allotted to NRIs.