Computer Point Ltd Company Summary

Computer Point Ltd Summary

Computer Point Limited was incorporated on 14th September, 1984. The Company is engaged in imparting IT education to the young aspiring generation.The Company undertook to set up computer retail stores all over India and to set up a software development unit to develop software for the India and export market. The company also started offering computer edducation services under the name of CHIP CLUB. State-of-the-art Modi olivetti personal computer were launched and the company also re-launched spectrum home computers and their own patented brand of Flamingo consumbales through their retail shops. During 1991-92, the company had signed agreements with Ventura Software Inc. U. K. and Logitech, Switzerland for the state-of-the- art products, viz., ventura Desk Top Publishing Software and Mouse Computer peripheral respectively to be published/repacked by the company for on ward disribution in SAARC countries.In November 1991, the Company issued 20,00,000 equity shares of Rs. 10 each as rights at par in proportion 1:1. All were taken up. Another 1,00,000 equity shares of Rs.10 each were offered to the employees. The company is Indias top and single largest computer chain of the country having elite class of showrooms in the heart of major cities and a large network of 100 outlets nationwide.The year 2012-13 witnessed an all-round declined in the business activities consequent to continuance of unprecedented recession in the world economy. The Company had been very aggressive in the quest for new contracts and execution thereof while maintaining its pricing standards. The Companys business is in certain sectors like Banking, Financial Services, Retail business, Life services and Health care and also in certain Government sector registered a marginal improvement on an annual basis. The Company foresees improvement in diverse Industrial sectors in 2013. The Companys initiation in the operation of Business Schools and Technical Education in the Eastern India in close co-ordination with all India Technical Universities turned out to be encouraging and the Company has planned further expansion in this venture. Encouraged by the increased response the management proposes to initiate extensive focus in Business School and Technical Educational Institutions in the Eastern India in close-co-ordination with Technical Universities.Company has a huge network of franchisee spread all over the country especially in the rural areas through which it carries out its educational business. Companys products enjoy wide acceptance in various users Industries including widely dispersed institutions and universities. Yet in the ever changing corporate and technology scenario, it is always necessary to keep regular vigilance and to maintain a constant pace with Technology developments and to update ones system of operations. The dynamic and energetic infusion in Companys management team is capable of utilizing for the Companys benefit.