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 DLink 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. DLink 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 worlds 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 200405.CRN Survey 2004 has recognised Dlink 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 200405.Dlink 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 Servers,etc. 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 200405. 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 15,23,740 equity shares at a price of Rs 300 per share in Feb. 2001.During 20002001, the company concluded the scheme of amalgamation of DLink International Ltd a wholly owned subsidiary. Further recently the board of directors have approved the amalgamation of DLink Infotech Pvt Ltd and OpenLink 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 April,2003. The company entered a stratetic tieup with Corning Inc,for steady supply of Corning OFC,including InfiniCor and SMF28 fibers. It is planning to set up call center to render Technical Support and service to English speaking DLink 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 1,2003. DLink has incorporated a new company, M/s Inercorrider Systems Ltd, during the year 2005, for outsourcing of software development on contract basis.The tieup with Foundry Networks, Inc USA has helped the company to make an entry in the growing Enterprise Networking market which is growing at about 1520% in the year 200405.DLink has entered into an agreement with Giabyte Technology Ltd, Taiwan in the year 200405, 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 200304. The company has acquired additional plot with building at Verna,Goa admeasuring about 3,900 sq.mtrs in the year 200405.During the year 200405, 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 Honble High Court of Bombay at Goa approved the Scheme of Arrangement for demerger between the Company and erstwhile DLink (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 DLink (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.