Salora International Ltd

Salora International Ltd

A Salora group concern Salora International went public in Mar.'93. It manufactures colour and B&W television sets and critical TV components like fly-back transformers deflection yokes and loudspeakers. The company set up Matsushita Television and Audio (India) to manufacture colour televisions and audio systems under the Panasonic brand name in technical collaboration with Matsushita Electric Industrial Company Japan commercial production of which commenced in Feb.'95. The company has also tied-up with Matsushita to introduce Panasonic cordless telephones and new models of fax machines.Salora has the distinction of being the largest exporter of B&W TV sets during 1993-94 and has earned the status of Golden Export House from November 1999. The company besides its own products also exports readymade garments leather goods and various other items. A major exporter of cotton knitted garments the company is planning to set up a 100% export oriented knitting unit at Tirupur in TamilNadu. The company has also entered into an agreement with Mothercare (India) to market children's wear in Europe under the brand name Little Kingdom.During 1996-97 the company decided to enter power industry in a big way by selling high frequency power equipments to Department of Telecommunications and other major private telecom equipment manufacturers. The company also launched a complete new range of Panasonic brand fax machines and printers and also sophisticated whiteboard called Panaboard during the year.Salora's components division has fetched the Sony Quality Appreciation Award and Samsung Best Vendor Award during the year 1999-2000. The company has formed another joint venture company called Jadoonet.com Ltd along with M/s Infoquest E-commerce Pvt Ltd. Jadoonet.com Ltd has been set up to provide cost effective internet account solution to the mass. It has recently launched India's first TV based portal. Also the company facility has been certified for ISO 14001 standard. FX Info Technologies Ltd was ceased to be the subsidiary company as the shareholding of the former was reduced to 483040 equity shares.