Software and hardware security solutions provider Micro Technologies India is holding talks with several companies in South Africa for a formal foray into the market there, a top company official said today.

The Mumbai-based firm, engaged in providing software and hardware security solutions across the infrastructure, automobile and mobile verticals, currently exports to West Asia, Japan and China. However, it intends to enter Africa by appointing a representative dealer there, the Micro Technologies (India) Executive Director, Mr S. Aditya, said.

“We are in talks with many companies... We are looking at operations in Tanzania first and then to increase our presence in the African market,” he told PTI in an interaction here.

Stating that the African market has huge untapped potential, he said this move would help increase the company’s global market presence. “Right now we are exporting our products to Israel, China and to Japan,” he said.

The company reported Rs 400-crore revenue during 2010-11 with 40 per cent of it coming from exports.

On the company’s outlook for 2011-12, he said it aimed for 40 per cent growth this year. “We grew by 20 per cent in 2010-11 (compared to the previous year). This year we are aiming at a growth of 35-40 per cent,” he said.

Meanwhile, Micro Technologies today appointed home appliances dealer S-Mart as its main dealer for the Tamil Nadu and Puducherry markets. The company has 238 main dealers and has two subsidiaries each in Australia and Dubai.

Related Topics