Enso Secutrack Ltd - Stock Valuation and Financial Performance

Enso Secutrack Limited established in 1991 is the new name for Tyche Peripheral Systems Limited, after it came under the Enso group. This consolidation created a formidable entity by bringing the reach and distribution strength of erstwhile Tyche (65 branch offices and service centers) and the best in class global technology partnerships of Enso group under one name: Enso Secutrack Limited.

Enso Secutrack offers cutting edge surveillance and tracking solutions for, CCTV monitoring, Intelligent Traffic & Transportation, RFID based asset tracking for LPG cylinders and Freight wagons, Supply chain management for energy sector.

For its Surveillance & Tracking Solutions, Enso Secutrack contributes intellectual property by designing solutions for large customized applications. It integrate technology components from around the globe to design these products. It also takes up turnkey projects, which involve design, planning, implementation, project management, and commissioning of technology applications to optimize customer business operations.

As part of its consolidation process, Enso Secutrack has expanded its business focus to include Surveillance & Tracking Solutions apart from its existing range of Banking & Retail Automation, Solar products, and Fire Protection equipment.

In 1995, it acquired Kelvinator ECR Division and established as a major player with national presence across the country, under “CASHTRON” Brand, then in 1997 it imported latest technology for Currency Counting Machines with technical collaboration with Global Talent Ltd., Hong Kong and started marketing under “CASHTRON” Brand. The CASHTRON brand of banking and retail automation products is a leader in its category; it is well recognized for its reliability and service.

The company also promotes a green and energy saving environment by offering its SOLARTRON range of solar products for domestic and industrial applications.

The clients of the company include Abhyudaya Coop. Bank Ltd, Bank Of Baroda, Bank Of India, Federal Bank, HDFC Bank, ICICI Bank Ltd, Baskin Robins, Big Bazar, BSNL, Life Insurance Corporation Of India, Reliance Energy, Mumbai, Tata Power Limited, TN Tourism, Metro Railways, Kolkata, etc.

Enso Secutrack offers the following products:

• cashtron banking automation products
• currency counting manhines
• currency banding machines
• currency strapping machine
• cheque deposit terminals
• advanced currency detectors
• dynamic queue management system.

Cashtron retail automation

• electronic cash registers
• point of sale terminals
• POS printers

Solartron solar products

• Solar water heating system
• Solar street lighting system
• Solar lanterns
• Solar home lightning system
• Solar security fencing
• Solar invertors

Surveillance equipments

• CCTV-DVR
• Access control

Fire protection system

• ABC type dry powder
• Carbon di-oxide portable and mobile
• Dry powder fire
• Water CO2 type
• Mechanical foam

The company had strategic partnership with Sam4s for Electronic Cash Registers, Dors for Advanced Currency Detectors, with NCR Corporation for Point-of-sale terminals, and with Checkpoint Systems for Electronic Article Surveillance Systems, Hand Labelling Systems and Merchandising Systems

Milestones achieved

• In 1996, Became business associate of M/s. Samsung, Korea, for Electronic Cash Registers in India and SAARC Countries
• In 1999, Entered into a tie-up with M/s. Siemens Nixdorf (India) Ltd., to market their Point of Sales Systems in India.
• In 2002, imported latest technology for Bank Note Banding Machines, both Front Loading and Vertical & Horizontal Banding from JSM (Shenzhen) Enterprises Co. Ltd., China.
• In 2006, Entered into an agreement with NCR Corporation, for Marketing of Point of Sale Systems in India.
• In 2008, Rechristened Enso Secutrack Limited and expanded business focus to include large scale and complex surveillance and tracking solutions.