Smartlink Holdings Ltd

Smartlink Holdings Ltd

Smartlink Holdings Ltd (Formerly known Smartlink Network Systems Limited) incorporated in Goa in March 1993 was in the Networking Products line business for more than three decades and involved in sourcing manufacturing sales marketing and support etc. The Company undertook a restructuring exercise and now has three independent subsidiaries namely Digisol Systems Ltd. Synegra EMS Ltd. and Telesmart SCS Ltd. to grow the businesses in a focused manner using its expertise of over three decades. The Company is presently an NBFC with assets and cash investments which includes investment in the three subsidiary companies.The company started its software development activity in Goa in Feb. 2000 and had set up centers at Bangalore and New Bombay. The software engineers of the company are trained at D-Link Corporation Taiwan in specialized software for the Networking field. The company intends to penetrate the Specialized Software Segment a major one in the Networking and Communication Field. D-Link Corporation holds a dominant position in the Broadband space globally. It s a technology and market leader in the Broadband CPE space worldwide. It has became the world's first company to design develop and commercially deploy the ADSL 2+ technology Broadband modern cum router. It also introduced the Wireless Media player which creates a seamless connection between computers ans consumer electronics in the year 2004-05.CRN Survey 2004 has recognised D-link as the most Admired Networking company and ranked as No.1 in Low end networking Products and Structured Cabling and No.2 in High Networking Products in the year 2004-05.D-link has setup two manufacturing plants with two SMT Lines at Goa the third SMT line is expected to be in operation by Mar. 2001. Presently it manufactures NIC Hubs Switches Modems Internet Servers Print Serversetc. It has a nationwide network of 17 offices 21 territory distributors 325+ dealers and 3600+ resellers and 4 overseas distributors in SAARC countries in the year 2004-05. The company plans to setup Fiber Optic Products manufacturing/assembly line and also to setup a New SMT line Assembly line at Goa. Apart from these two it plans to expand its software divison activities. The total project cost is estimated to be Rs 55 cr. To part finance the expansion plans the company came out with a public issue of total 1523740 equity shares at a price of Rs 300 per share in Feb. 2001.During 2000-2001 the company concluded the scheme of amalgamation of D-Link International Ltd a wholly owned subsidiary. Further recently the board of directors have approved the amalgamation of D-Link Infotech Pvt Ltd and Open-Link Network Pvt Ltd subject to obtaining sanction from the shareholders. For further expansion the company has acquired 2 plots measuring 19000 sq.mtrs adjacent to the Verna Goa plant at a cost of Rs.20 million in April2003. The company entered a stratetic tie-up with Corning Incfor steady supply of Corning OFCincluding InfiniCor and SMF-28 fibers. It is planning to set up call center to render Technical Support and service to English speaking D-Link Overseas Business unit in USA.As part of consolidating operations the company has amalgamated Virtual Computers Pvt Ltd. a 100% subsidiary of the company with itself. The assets and the liabilities of Virtual Computers Pvt Ltd have been taken over by the company with effect from April 12003. D-Link has incorporated a new company M/s Inercorrider Systems Ltd during the year 2005 for outsourcing of software development on contract basis.The tie-up with Foundry Networks Inc USA has helped the company to make an entry in the growing Enterprise Networking market which is growing at about 15-20% in the year 2004-05.D-Link has entered into an agreement with Giabyte Technology Ltd Taiwan in the year 2004-05 to expand the scope of the operation of its Subsidiary M/s Gigabyte Technolgy(India) Ltd (Formerly Known as Digi Giga Systems Ltd).As part of expansion programme the company have expanded infrastructural footprint in Goa to five units add also planning to scale up Bangalore operations and have acquired a plot in Bangalore Electronic City with plans to build own independent facility. It also looking to setup a Software Center in Goa in the year 2003-04. The company has acquired additional plot with building at VernaGoa admeasuring about 3900 sq.mtrs in the year 2004-05.During the year 2004-05 the company has launched several products in the intelligent switching category wireless LAN space structured cabling category and motherboard space. Firewalls based on Intel Xcale Technology designed by the Software Division were also launched.During the year 2009 the Hon'ble High Court of Bombay at Goa approved the Scheme of Arrangement for demerger between the Company and erstwhile D-Link (India) Limited and their shareholders and creditors vide its order dated 27th February 2009 which became effective on 10th June 2009 and accordingly the name of the Company was changed from 'D-Link (India) Limited' to 'Smartlink Network Systems Limited w.e.f. 15th July 2009.The DIGISOL brand was launched in the third quarter of FY 2010 DIGILITE a new brand in Motherboards was launched in 2011. On 31st March 2011 the Company entered into a Business Transfer Agreement with Schneider Electric India Private Limited for the sale of DIGILINK Business to Schneider for a consideration of Rs. 5030 million in cash on a slump sale basis. On 13th May 2011 the Digilink Business together with its respective assets and liabilities was transferred to Schneider as a going concern on a slump sale basis.The Board of Directors of the Company at its meeting held on 04th August 2016 had approved the sale and transfer of the Digisol Business and EMS Business by way of a slump sale to wholly owned subsidiaries namely Digisol Systems Limited and Synegra EMS Limited respectively. Through slump sale on 16th September 2016 the sale/ transfer of wholly owned subsidiaries namely Digisol Systems Limited and Synegra EMS Limited the business was transferred to its respective subsidiaries effective from 10th October 2016.