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MIC Electronics Ltd. Company History and Annual Growth Details

Overview

We were incorporated as a private limited company under the Companies
Act, 1956 on May 17, 1988 under the name MIC Electronics Private Limited
with registration number 01-08652. Subsequently, we were converted into a
public limited company on July 29, 1997 and we changed our name to MIC
Electronics Limited. In the year 2000, Phoenix Telecommunications Limited
was merged into the Company pursuant to the order dated September 14,
2000 passed by the Hon'ble Andhra Pradesh High Court. The key events in
the business of the Company are as follows:

YEAR MAJOR MILESTONES

1988 Incorporation of our Company.
1990 Started design and development of telecom products for wireless
and wireless communication.
1994 Started telecom software and IT Services.
2000 Merger with Phoenix Telecomunications Limited.
Commenced LED business.
2004 Sold first commercial LED Display product and incorporated our first
subsidiary abroad in Australia.
2006 Acquisition of InfoSTEP Inc., USA

2008

- The Company has splits its face value from Rs10/- to Rs2/-.

2010

- MIC Electronics Limited (BSE Code: 532850, NSE Code ; MIC), global leader in design, development & manufacturing of LED Video displays & high end Electronic & Telecommunication equipment bagged a 3 year long contract to supply video screen with Parramatta Eels National Rugby League Club through our solid alliance with Sequity Pty Ltd.

- MIC Electronics Ltd has tied up with with Home Resources Ind. Co. Limited.

- MIC Electronics Ltd has received orders worth Rs. 4.89 Crores.

2013
-MIC Electronics Ltd has appointment of Shri Pramod Kumar Bahinipati as an additional director of the Company.
-MIC Electronics Ltd has signed an agreement with the Nashik Municipal Corporation (NMC)

2014
-MIC Electronics unveils LED based 3D-Hologram

2015
-MIC Electronics bags deal to supply LED lights.

2016
-MIC Electronics Limited and LG Innotek reached an agreement to jointly develop highly energy efficient LED Lighting products using the components manufactured by LG Innotek.
-The Company has received display network order from the RailTel Corporation of India (Ministry of Railways).

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