Arvind’s telecommunication unit - Syntel Telecom, has reportedly agreed to buy enterprise unified communications provider Enkay Technologies as the 80 year-old textiles and fabrics major is diversifying and strengthening its telecommunication and engineering segment. The transaction will be a major step in Arvind’s diversification.
Enkay holds the largest market share in enterprise segment of unified communications and collaboration solutions business and is currently the segment leader and preferred business partner in the Indian hospitality segment.
Arvind is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.
