(Chairman & Managing Director, Intex Technologies (India) Ltd.)
Mr. Narendra Bansal, 47, is the CMD of Intex Technologies (India) Ltd. He is a first generation entrepreneur and a 'visionary' in the true sense.
Mr. Bansal is the driving force behind Intex. In the year 1993, Mr. Bansal identified IT Hardware as a field with high growth potential and initiated the incorporation of Intex Technologies (India) Limited in 1996. He started business that year with just one item - Ethernet Cards under INTEX brand and had to face severe competition from various MNC brands who ruled the market.
With his keen interest about the products and their manufacturers located in Taiwan and China, he was able to rapidly expand the product range to over 26 product categories including Computer Peripherals, Mobile Phones, PCs, TFT-LCD / LED Monitors, Mobile Phones, LCD TVs, DVD Players, Home Theatre Solutions, Multimedia Speakers, Headphones, Web Cameras, etc. Now, the conglomerate has three manufacturing associate units at Jammu and Himachal Pradesh.
In an independent survey by DataQuest magazine, of India's fastest growing 200 IT companies, Intex has been rated at 101. In the last 5 years, Intex has moved up in rank from 108 to 101 and, now 87. This survey covers both Software and Hardware companies.
Under his dynamic leadership, the growth at Intex has seen a substantial acceleration. Company turnover, which reached a level of Rs. 32 crores in the first six years of business (2002) has since increased to 593 crores in next eight years (2010), with a CAGR of 38% (over last five years). Head count has gone up from 150 to more than 1800.
Mr. Bansal is a hands-on Manager who believes in walking the talk and managing his business through systems and processes. Considering company's diversification into various new verticals & requirements of the ever-changing business environment, the company has upgraded its operations from its own home grown ERP to SAP.
Mr. Narendra Bansal finished his graduation in Commerce from Delhi University. Driven by a strong desire to build business and discharge social responsibilities, his family runs charitable educational and health activities for the benefit of the urban under-privileged people of Delhi. He is also a member of various organisations working towards social causes like Rotary Club of Ashoka, Manthan and Rajasthan Club.
Mr. Ramesh A. Vaswani
(Executive Vice Chairman, Intex Technologies (India) Ltd.)
Ramesh A. Vaswani, 67, is the Executive Vice Chairman of Intex Technologies (India) Ltd., New Delhi and is responsible for organizational and business development, strategic decisions and overseeing the operations..
A gold medalist in Mechanical Engineering from the Indian Institute of Technology-Madras, Chennai, Ramesh Vaswani has 44 years of vast and rich industry experience in various sectors in India and overseas, including refrigeration, diesel engines, automotive components, plastics processing and packaging, small appliances, electric motors, industrial flexible metal hoses, Software applications, IT hardware, etc. He has been a member of various committees at Confederation of Indian Industry (CII) and PHD Chamber and was also Vice-Chairman of Indo-Italian Chamber of Commerce and Industry (NR). Currently he is a member of CII National Committee on ICTE Hardware Manufacturing.He started his career in 1965 as a Senior Management Trainee with the reputed Shriram Group, Delhi and held several senior positions over a period of 14 years. His last assignment in the Group was that of General Manager of an Automotive Component manufacturing company where he was responsible for turning around the sick company and bringing in a fresh Technical Collaboration agreement with a globally reputed Japanese manufacturer. In 1979 he took up an overseas assignment for 5 years, as Managing Director of two manufacturing companies of CHELLARAM Group in Nigeria. He successfully turned around the 2 sick companies and also brought in new technology to Nigeria for local manufacturing of a widely used sophisticated flexible packaging film. On returning to India in 1984, he was Vice President of INALSA, Delhi where he set up 2 new businesses, Appliances Division and Flexitubes Division. The latter was hived off as a JV and finally taken over by a British MNC.
From engineering industry he switched over to IT industry in 1999 and was Managing Director of a Software company offering Baan ERP solutions, SAS Data Warehousing solutions, etc. In 2000 he established an alliance with a leading Canadian company for a large Indian Group to set up a new business, dealing in high-speed wireless data transfer radios. This business was moved in 2002 to INTEX Group.
During his career, Ramesh Vaswani has taken a keen interest in development of systems and processes and human assets. His aptitude for designing relevant MIS reports, analysis of data, trouble shooting and root cause analysis have been instrumental in turning around sick companies and substantial improvements in internal efficiency of many companies. Many of his trainees and reportees are holding key senior positions in reputed companies in India and overseas.
Ramesh Vaswani has been with Intex for 8 years. Under his leadership, the growth at Intex has seen a substantial acceleration. Incorporated in 1996, Intex achieved a turnover of Rs. 32 crores in the sixth year (2002) of business which was stepped up to 593 cr. in the next 8 years (2010), giving a CAGR of 38 % (over last five years) and a growth rate of 2-3 times the industry growth rate. In the last Annual Survey conducted by Dataquest in July 2010, Intex was ranked 87, amongst the 200 fastest growing IT companies in India. Intex product range covers IT Hardware, Mobile Phones and Electronics including INTEX branded Computer Peripherals, Mobile Phones, PCs, TFT-LCD / LED Monitors, Mobile Phones, LCD TVs, DVD Players, Home Theatre Solutions, Multimedia Speakers, Headphones, Web Cameras, etc.
