TVS Electronics to Diversify Product Business

Chennai: TVS Electronics, manufacturer of dot matrix printers, is mulling partnership with mobile manufacturing companies as part of its business expansion plans.

"With a view to broadbase its product business, the company has decided to enter into agreements and appropriate business arrangements with mobile manufacturing companies or whole sale distributors for order fulfillment services whenever such opportunities arise," TVS Electronics said in a filing to the BSE.

The Tamil Nadu-based company said such opportunities would provide "good collateral business" benefits for repair and warranty management services for these products in the medium to long term.

"While these services could enhance revenues substantially, the net margins are expected to be very thin", it said.

TVS Electronics is a leader in dot matrix printer, warranty and repair management services to various companies in information technology, banking and mobile communication segments.

Shares in TVS Electronics, on Monday, ended at Rs 43.25 apiece on the BSE, up 19.97 per cent from the previous close.