Micro Technologies (India) empanelled as an enrolling agency

Micro Technologies (India) Ltd. | IT - Software | IT & ITES | BSE: 532494 | NSE: MICROTECH

16 Nov 2011 Evaluate

Micro Technologies (India) has been empanelled as an enrolling agency (EA) with the Planning Commission of India's UIDAI (Unique Identification Authority of India) for undertaking demographic and bio metric data collection. Besides, the company has already entered into successful empanelment for Defence agencies and the Banking sector with various banks.

UID Aadhar Project involves giving identification to the number, in which 12 digit numbers will be given to the person as his identity which will be kind of link to all demographic details, bank accounts and thus will help the common people in accessing government programmes, rigging in elections as well as embezzlement of government.

Also, after the company’s successful implementation of vehicle security in the logistic and supply chain management for oil companies, Micro Technologies (India) has now penetrated by taking care of their premises security including pipeline security and other such security avenues.

Further, the company’s subsidiary - Micro Secure Solutions has set up a subsidiary company named Micro Secure Solutions HK in Hong Kong. Considering the strategic location of Hong Kong, through its easy access to tap the huge potential of the Chinese, Taiwanese and the other South East Asian Markets shall result in ease of operations for the company in lieu of its long terms vision.

The board at its meeting held on November 14, 2011 has transacted and noted the progress of the business.

Micro Technologies (India) is an IT based company, a leading global developer, manufacturer and marketer of security devices for its clients across the globe. The product line of the company includes much-needed security devices, life style and support systems and web-based software.

Micro Secure Solutions is a subsidiary of Micro Technologies India, it provides a range of security products to help commercial & residential premises that helps decision makers take informed decisions in managing their security risks, while limiting their exposure to negligent security litigation.

Micro Technologies Share Price

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Peers

Company Name	CMP
TCS	2069.05
Infosys	1068.05
HCL Technologies	1162.65
Wipro	175.35
Tech Mahindra	1455.45
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