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Bee Electronic Machines Ltd.

BSE: 517203 Sector: Others
NSE: N.A. ISIN Code: INE038E01014
BSE 05:30 | 01 Jan Bee Electronic Machines Ltd
NSE 05:30 | 01 Jan Bee Electronic Machines Ltd

Bee Electronic Machines Ltd. (BEEELECTRONICS) - Company History

Bee Electronic Machines Limited was incorporated in August 19 1981 by Late Shri Krishna Kumar Bhargava a pioneer in the Electronics Industry. The Company is primarily engaged in the business of selling and servicing office automation products.The Company's first manufacturing plant was established in Tarapur Maharashtra. The Company had a technical collaboration with M/s. Canon Inc. Japan for manufacturing Black & White Analog Photocopier machines in India. It was amongst the first Companies to manufacture the Photocopiers in India.The Company was amongst the first to receive a Letter of Intent to manufacture Fax machines in India. As such the Company began assembling fax machines in 1991. Its direct marketing activity started in 1992 and the Company started building a network of branches and dealers to market and service the Canon machines directly all across the country. The Company was the first to launch the full color Copier in India. In 1993 the Company saw a huge surge in the turnover and its market share. It was doing exceedingly well and the OEM plant at Daman was awarded the ISO9002 certification. However there were changes happening with the liberalization policy being promoted by the then Government. And seeing the vast market before it Canon was encouraged to embark on its own.The Company in order to face the challenging open market had to expand its product offerings by introducing the 'Lanier' brand of Photocopiers in India. Lanier was the then second largest supplier of machines in the US. In the year 2000 the Company entered into a tie-up with M/s. Sharp Business Systems India for marketing and servicing the Sharp brand of Photocopiers in India. The Company became tech savvy by introducing the latest range of digital and multi function devices under the brand of 'Sharp'. Presently the Company is operating in Mumbai Maharashtra and marketing Canon Muratec Samsung and Konica Minolta/ develop brands of MFD's( multi-function division).