Chairman & Managing Director, Intex Technologies (India) Ltd.
Mr. Narendra Bansal, 48, is the Chairman & Managing Director 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 29 product categories including IT Accessories, Mobile Phones, PCs, TFT-LCD / LED Monitors, Data Card, LCD & LED TVs, DVD Players, Home Theatre Solutions, Multimedia Speakers, Headphones, Web Cameras, Antivirus, etc. Now, the conglomerate has three manufacturing associate units, two at Jammu and one at Himachal Pradesh.
In an independent survey by DataQuest magazine, of India’s fastest growing 200 IT companies, Intex has improved its ranking in the last 6 years from 108 to 85. This survey covers both Software and Hardware companies.
Under his dynamic leadership, the growth at Intex has seen a substantial acceleration. During the last 10 financial years, the company turnover has increased from INR 32 crore in 2001-02 to INR 780 crore in FY 2011-12 (at a CAGR of 25% over the last 5 financial years). Head count has gone up from 150 to more than 1250.
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. It also has in place TQM and has begun implementation of BI BO.
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.
Mrs. Alpa Bansal is Whole Time Director on the board of Intex Technologies (India) Ltd.
Mr. Ramesh A. Vaswani
Director, Intex Technologies (India) Ltd.
Ramesh A. Vaswani, 69, is the Director 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 47 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), MAIT (Manufacturers’ Association for Information Technology), PHD Chamber and was Vice-Chairman of Indo-Italian Chamber of Commerce and Industry (NR). Currently he is a member of 2 CII National Committees - ICTE Hardware Manufacturing and Telecom & Broadband. He is also a member of MAIT Executive Council.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, including a leadership position in turning around a sick company.
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. 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. He has been with Intex for over 10 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 and during last 10 financial years, the company turnover has increased by leaps and bounds to Rs. 780 crore in FY 2011-12 (at a CAGR of 25% over the last 5 financial years). Intex has been ranked 85, amongst the 200 fastest growing IT companies in India by Data Quest.
Brand 'Intex' covers 6 business segments- IT Accessories, Mobile Phones, Consumer Electronics, Security Software, Retail and Enterprise Solutions. The business segments cover a portfolio of 29 Product Groups spread across more than 250 SKUs ranging from Multimedia Speakers, UPS, Headphones, Web Cameras, TFT-LCD /LED monitors, Data Card, Dual SIM/Triple SIM and Single SIM mobile handsets, LCD & LED TVs, DVD players, Antivirus & Internet Security etc. The Company has been a pioneer in launching novel products like India's first projector Phone V-Show, Vision Phone for visually challenged, Dominator Speaker, to name few.
