Kavveri Telecom Products Ltd: Could Give Speculative Returns
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Founded in 1991 by a highly innovative team, Kavveri Telecom designs, develops, tests and implements a diverse range of products, from concept to deployment. With over 150 R&D man-years of experience, Kavveri Telecom is uniquely positioned to offer an array of world-class products and solutions to meet all hardware requirements of telecom manufacturers, telecom service providers and telecom users. Kavveri Telecom Products Limited is a company registered under Companies Act 1956 vide CIN L85110KA1996PLC019627. The company had changed its name from Kaveri Telecoms Limited to Kavveri Telecom Products Limited vide fresh certificate of incorporation dated 19.08.2003 issued by ROC Karnataka.
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Kavveri Telecom combines expertise with experience to deliver state-of-art products and solutions spanning the wide spectrum of wireless Telecommunications. The diverse range of products manufactured by Kavveri Telecoms includes Antennas, RF Components, Repeaters, TMA/TMB.
The Company also enjoys the stature of being the largest manufacturer of Antennas & RF products in India. With 30,000 Sq. ft. area of R&D manufacturing infrastructure for design, development & production of Microwave Components, RF products and Antennas, Kavveri Telecoms has the capacity of manufacturing over 1,00,000 high quality Antennas & 10,000 RF products per month.
Headquartered in Bangalore, India, with three well-equipped production plants, Kavveri Telecom is geared to meet all telecom hardware needs of clients across the globe. Kavveri Telecom's esteemed clientele include industry giants such as Ericsson, Motorola, Spice, Airtel, BSNL, ISRO, World Space and Airports Authority of India.
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During July 2012, the company acquired the assets and business of Wireless Division of WPCS International Inc, USA (Nasdaq: WPCS) through its wholly owned subsidiary in USA called Kavveri Technologies Americas Inc (KTA). This key acquisition of Wireless Division of WPCS International Inc., in USA significantly enhances Kavveri's expansion and positioning in US market for projected growth in both the cellular and public safety market segments.
The acquisition is already providing Kavveri with a comprehensive range of wireless systems solutions including In-Building for Public Safety and Cellular Applications, Network Solutions, Mobile Data, Asset Tracking, Radio Systems, Video solutions, Wireless Infrastructure and Integrated Business Systems and will strive to grow organically as well as inorganically in all its spheres.
The company has also incorporated a wholly owned subsidiary in the name and style of “Kavveri Technologies Asia Pte. Ltd.” at Singapore. As part of its strategy to make India a global hub of manufacturing for all its overseas subsidiaries, the company during the year, 2012 has set up an Export Oriented Unit (EOU) at Jigani, Bangalore.
Kavveri Telecom Infrastructure Ltd (KTIL) and the other overseas subsidiaries of the company continues to grow and are profitable. The company continues to place thrust on its Overseas operations with the help of the subsidiaries and the step down subsidiaries to drive growth in these markets with newer products being introduced and new customers being acquired. The company still continues to be in growth path by focusing on innovation and having valued customers globally.
Therefore, the company is expected to gain significantly from the INR depreciation against the USD as it has a number of overseas subsidiaries. However, this scrip is only for the speculators. CMP: Rs.28.75.