Zicom Electronic gets nod for formation of subsidiary overseas

Zicom Electronic Security Systems’ has received an approval for formation of an overseas subsidiary company. The board at its meeting held on November 10, 2011 has approved for the same.

Earlier in March, the company had decided to sell its entire stake of 76% in subsidiary at Hongkong, viz., Zicom Manufacturing Co. for a lump sum price of Rs 1.43 crore.

Zicom Electronic Security Systems is engaged in the business of developing security systems. The company offers a wide array of products and solutions such as CCTV surveillance system, access control system, fire alarm system, multi-apartment video door phones, alarm system, fingerprint locks, video door phones and telecom tower security as well as advanced security training and management.