The 5-year analysis of MIC Electronics Ltd's performance infers:
We analysed the performance of MIC Electronics Ltd share prices over the last 10 years. Here is what we found out:
MIC Electronics incorporated in 1988; is a global leader in designing, development and manufacturing of LED video displays, high-end electronic and telecommunication equipment and development of telecom software. These products are an integral part of sports stadiums, transportation hubs, digital theatres and theme parks, advertisements and public information displays.
MIC was incepted at Vijayawada, Andhra Pradesh by a group of talented professionals. Later in
MIC was incepted at Vijayawada, Andhra Pradesh by a group of talented professionals. Later in 1990 the company shifted its base. The company started its operation with electronic display systems. Later the company forayed into design and development of telecom products for wire line and wireless communication.
MIC has also been a pioneer in the development and implementation of a gamut of products and services in LED Displays, Telecom Software & IT services and Communication and Electronic products. It has many 'firsts' to its credit; for instance it is the first company to have the TEC approval for its indigenous telecom equipment 'Digital Loop Carrier'. MIC ventured into exports of its products and services in 1994 and began on-shore software development contracts in 2005. Its achievements are testimony to its expertise, profound market knowledge and zeal to innovate. MIC has received ISO-9001:2000 certification for its quality management system.
In international market, the company has direct presence in North American and Australian markets through its subsidiaries located at US and Australia. After acquiring InfoSTEP the company was further able to penetrate in the US markets. Globally the companyâ€™s offices are located at Sydney (Australia), Melbourne (Australia), Santaclara (California) and Seoul (Korea).
The company has clientele like Air India, BSNL, BHEL, LIC, MTNL, Indian railways, Procter & Gamble, L&T, IDBI Bank, Reliance Industries, Maruti Udyog are among others.
LED Display products- Under this company manufacture products for indoor display, outdoor display, end-to end display solutions ad applications specific displays.
LED lighting products- MIC manufactures products for street lighting, railway lighting, solar lighting, industrial and commercial lighting and domestic lighting.
ICT products- MIC manufactures various applications and solutions in area of display, telecom switch, telecom network management, computer telephony solutions, wireless telephone products and wire-line telecom equipment.