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Company Information

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ALLIED COMPUTERS INTERNATIONAL (ASIA) LTD.

17 December 2019 | 12:00

Industry >> IT Equipments & Peripherals

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ISIN No INE335I01056 BSE Code / NSE Code 532919 / ACIASIA Book Value (Rs.) -0.58 Face Value 10.00
Bookclosure 30/09/2023 52Week High 0 EPS 0.00 P/E 0.00
Market Cap. 9.30 Cr. 52Week Low 0 P/BV / Div Yield (%) -0.84 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Allied Computers International (Asia) Limited was established in India on 09th May 2002 to deal in Laptop computers and to market the ACi brand in India and abroad. Today the Company serves as a national hub for supply of ACi branded and OEM laptop computers, chips level repairs service for all brands of laptop computers and its parts including motherboards, TFT screens, inverter cards, optical drives and keyboards. ACi plans to extend this globally continuing its services from India. This shall be done in phased manor.

ACi has won several awards including Best Notebooks of the Year 2002, 2003 and Gold and Silver awards for Best Performance and Value for year 2004 from three most major IT magazines; Digit, Chip and PC Quest. ACi has been accredited as the Best laptop service providers in the industry by country's most reputed underwriters.

The company is ISO 9001:2000 compliant for quality management. The Company is known in the industry to set prices for laptops. It is also know in the industry for service solution providers for all brands of laptops.

It has developed dealers and stockists at Mumbai, Kolkatta, Ahmedabad, Pune, Bangalore, Hyderabad and Delhi.

ACi is currently undertaking services and maintenance contracts of all brands of laptops computers under PC Protect Plan. Under this plan, laptops are covered for all types of failures, malfunction and breakage irrelevant of its cause. Water damage and theft is also covered by this plan. All claims under PC Protect Plan are covered by reputed Assurance companies to whom ACi pays a fixed rate premium per equipment insured. The Company has successfully pitched PC protect plan to Godrej , Excel Group, Cipla, and some Insurance agents. Till date the company has sold over 30,000 comprehensive and non-comprehensive PC Protect Plan cover to various types of users. PC Protect Plan has given the Company increased profits and immense opportunity for increase of sale of ACi brand laptops.

The company has Registered office and service set up at Morya Estate, Lokhandwala, Andheri West, Mumbai. It has in house equipments and machines for major service and repairs of laptops at Morya Estate. Presently it can not undertake major chip level repairs (level 4) due to lack of complete set of machines and equipments. Hence management has planned to set up a new unit at Vasai and activate existing unit at Gandhinagar to undertake major repairs effeciently and effectively and thereafter further push PC protect Plan and plan to undertake local RMA contracts from manufacturers of Laptops from Taiwan and China.

Milestones

* Since establishment, ACi has achieved a number of awards and accreditations to affirm the Brand and the Business's position in the market

* ACi won the Best Laptops of the year award in 2002

* ACi won the Best Laptops of the year award in 2003.

* ACi collected a Gold award (for best Value) and a Silver award (for best performance) in a major group test conducted by Digit in September 2004 involving country's top 43 notebooks.

* ACi has been accredited as the Best Notebook Service Providers in the country in Feb 2004 - which led to exclusive tie-up with underwriters to offer comprehensive annual service packs for all brands of notebooks.

* In June 2004, ACi became the first vendor to offer the most comprehensive cover for notebooks of any brand with both warranty and insurance component coupled to form industry's unique service offering.

ú ACi introduced the first sub-30K notebook in India in April 2004 and trigger an unprecedented boom in the notebook market.

2008

- The Company has splits its face value from Rs10/- to Rs1/-.

2010 -Company has Consolidates its Face value of Shares from Rs 1 to Rs 10

2012 - Allied Computers to launch super low-cost laptop at Rs 4,999 in India

2014 - Allied Computers International (Asia) Ltd has appointed Ms. Reshma Rajesh Malagavakar as a Additional Director of the Company.

2015 -Allied Computers International (Asia) Ltd has informed the Company has changed the Registered Office address from Unit No. 319, Kuber Complex, New Andheri Link Road, Opp. SAB TV, Andheri (W), Mumbai, Maharashtra - 400 053 to new registered office address is Shop No. 104, Citi Mall, New Link Road, Andheri - West, Mumbai - 400 053.

2016 -Allied Computers International (Asia) Ltd has informed that the Company has changed the Registered Office address from Shop No. 104, Citi Mall, New Link Road, Andheri - West, Mumbai - 400 053 to new registered office address is Room No-13 Daulat Nagar Road - 7, Borivali - East Near Jain Derasar, Mumbai-400066 with effect from February 13, 2016.