BAMGLORE: ADC India Communication Ltd [BSE: ADCT] whichoffers the full range of KRONE products and is a leader in broadband connectivity,announced today new management appointments. The leadership changesre-enforce the company’s commitment to India and helps strengthen its position as a leading provider of next gen network infrastructuresolutions for the telecom, broadcast &entertainment and enterprise markets. Mr. S. Devarajan has been appointed Chairman of the Board of Directors of the company and Mr. J. N. Mylaraiah has been appointed the Managing Director of the company.
An Indian IT industry veteran, Mr. S.Devarajanhas over 30 years’ experience in the technology industry. He was the Managing Director at Tata Elxsi, and also the Managing Director at Cisco India. He was instrumental in building Cisco India as the globalization center east. Devarajan made the historic turnaround of Tata Elxsi to a profitable venture in the mid-1990s.He also is the formerpresident of Manufacturers Association for Information Technology (MAIT) a former member of the IT hardware task force and IT vision task force set up by the Chief Minister of Karnataka.
Commenting on the appointment, Mr Devarajan, Chairman of the Board, ADC India Communications, said, “I am delighted to be part of this pioneering company. ADC has had a strong foothold in the broadcast & entertainment market in India and its Krone line of products has been synonymous with connectivity in the telecommunication space.We intend to grow the business by capitalizing on the strong brand name that it has in these verticals to grow our market share. ADC has a robust and technologically advanced product line in fiber and is committed to capture a significant part of that market.”
“With this strategic move, we aim to build a robust network foundation for our clients which can seamlessly transition between legacy and future access technologies cost effectively,” said Mylaraiah, the newly appointed Managing Director of the company. He further added,“we recognize the trust that ADC Krone has built amongst its stakeholders for the past 20 years and would like to reiterate the fact that we are the only source for genuine KRONE products in the industry. Krone products will remain a strong component of our overall product portfolio along with our innovative copper, fibre, FTTX and wireless solutions.”
The company will focus on expansion into newer territories in India as well SAARC countries: Bangladesh, Srilanka and Nepal. ADC India will also launch new products and services in the areas of DAS Passive components, FTTA, CTTA, PTTA, and standard compliant modules to cater to the growing demand for delivering, voice, data, video and wireless services.
In December 2010, ADC Telecommunications, Inc. (Nasdaq: ADCT) was acquired by TE Connectivity (NYSE: TEL), a world leader in connectivity.. In India, ADC India Communications is a separate legal entity with its stock trading in BSE and TE Connectivity India Pvt Ltd having majority shareholding.
