MCBS charts Rs 30 crore expansion plans

Gandhinagar-based Modern Communication and Broadcast Systems Pvt Ltd (MCBS), a premier equipment and communication equipment company, has lined up a Rs 30 crore expansion plans.

The company plans ramp up its manufacturing capacity to 5 lakh units per annum from the current capacity of 3 lakh units.

MCBS will also tap the market with an initial public offer (IPO). "The funds from the IPO would be used to fuel the expansion plans," G C Jain, managing director, MCBS told Business Standard.

"Around Rs 10 crore would be used for enhancing our capacities, while the remaining would be used as a part of our working capital requirement of the company."

The company has launched a range of new innovative, exciting technology products namely C and Ku Band DTH, which allows to watch over 100 TV channels absolutely free, a new product range called DTH express, which makes its possible to watch DTH channels on PC and laptops.

MCBS, being one of the leading manufacturers of direct-to-home (DTH) products, is planning to introduce two-way DTH and WIMAX technology that is expected to revolutionise the information communication and entertainment technology.

"We are developing Set Top Box technology for a variety of applications including 'Home Gateways' that will make homes, the offices of tomorrow. This product range will bring information, education and entertainment within the reach of all sections of society," said Jain.

The company has developed a variety of DTH products for various DTH platforms based on DVB and BIS standards. The company has sold over 1.25 lakh DTH systems within a span of one year throughout India and has become the country's DTH manufacturer and supplier.

"We were the first company to launch DTH in India in Andhra Pradesh in the year 2000. We also launched 'Apna DTH' for Prasar Bharti (Doordarshan)" said Jain.

The company has reported a turn over of around Rs 30 crore in the last financial year. The company aims to become a Rs 200 crore company in the next two years.