HFCL signs Ingram Micro India as a Distributor for its ‘IO' line of Products

8 Feb 2022 , 01:12 PM

HFCL Limited (HFCL), a leading telecom equipment manufacturer and technology provider, has announced the signing of a distribution agreement with Ingram Micro India Private Limited (Ingram Micro), which has a distribution network having a far-reaching presence in India and SAARC countries.

HFCL has recently been accredited as a ‘Trusted Source’ from National Security Council Secretariat (NSCS) and also being one of the largest suppliers of telecom equipment to the Telecom Service Providers / Internet Service Providers and the Government sector in India. HFCL is all set to consolidate and further expand its presence and market share, through this alliance.

“We are delighted to embark on the journey of our distribution network expansion with Ingram Micro India Private Limited, which has a stronghold in channel distribution in India and SAARC countries. The strategic goals of the Ingram also align with ours, hence building the potential for greater synergies. This alliance will help us further strengthen our position as a ‘Trusted Source’ in India,” commented Mahendra Nahata, Managing Director, HFCL Limited.

Ingram Micro is renowned for supporting and enhancing the reach of technology solutions for maximizing its adoption and consumption. With its vast global infrastructure and focus on cloud, mobility, technology lifecycle, supply chain and technology solutions, Ingram Micro enables its business partners to operate more efficiently and successfully in the markets they serve.

HFCL is currently trading at Rs80 down by Rs0.85 or 1.05% from its previous closing of Rs80.85 on the BSE. The scrip touched day’s high and low of Rs81.85 and Rs78.40 respectively.