Intex Technologies Explained

Intex Technologies
Type:Private
Founder:Narendra Bansal[1]
Key People:Keshav Bansal (Director)
Num Employees:10,000+
Area Served:Worldwide
Location:New Delhi, India
Industry:
Products:
Revenue: [2]
Services:Electronics manufacturing services

Intex Technologies is an Indian multinational electronics manufacturing services company based in New Delhi, India. It manufactures smartphones, consumer electronics, and other accessories. It also provides consumer electronic products such as MP3 players, DVD players and speakers.[3] It was founded in 1996 and is headquartered in New Delhi, India.[4] [5]

History

The company was established in 1996 at New Delhi by Narendra Bansal.[6] Currently, Keshav Bansal, son of Narendra Bansal, is the active director of the company.

In 2012, from an IT product company, Intex Technologies expanded its consumer durables portfolio with the entry in LED TVs business. The LED TVs business has seen a growth of over 150% and the company has a 6% share in LED TVs and 3% share in washing machines nationally.[7] [8]

IPL Team

The company also owned an IPL franchise called Gujarat Lions in 2016 and 2017.[9] [10]

Notes and References

  1. News: Dwivedi. Vinay. My Enterprise: How Narendra Bansal grew Intex Tech turnover from Rs 1.18 cr to over Rs 6K cr. The Economic Times. 20 June 2016.
  2. News: Intex Technologies expects 50% of revenue from consumer durables by 2017-end.
  3. News: Datta. Aveek. As competition heats up, Intex's Bansals make some clever calls. Forbes India. 20 September 2016.
  4. News: Intex Phones . NDTV Convergence Ltd.
  5. News: Company Overview of IntexTechnologies (India) Ltd. https://web.archive.org/web/20100314061902/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=39599696. dead. 14 March 2010.
  6. News: How Narendra Bansal made Intex India's third-largest selling mobile phone. The Economic Times. 2017-05-22.
  7. News: Intex Technologies targets 25% revenue share in consumer durables. The Hindu Business Line. 6 August 2017. Kochi.
  8. News: Kumar. Krishna. Intex consumer durable division to double turnover to Rs 2000 crore. The Economic Times. 4 August 2017.
  9. News: Intex Wins Ownership Rights for New Indian Premier League Team. NDTV. 2017-05-22. en.
  10. News: Venkatesh. Shruti. Intex's Bansal keen to acquire IPL franchise. Forbes India. 22 June 2017.