>Micro Technologies (SUNIDHI)

Company Description:
MTIL is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. MTIL promoted in 1992 is a pioneer in developing messaging-based security systems based on embedded technology. MTIL is an ISO 9001 certified located in Mumbai and Pune. MTIL has formed two subsidiaries, viz. Micro Secure Solutions (MSSL), which focuses on Premises (commercial & residential premises) Security Business and Micro Retail for creating retail chain of Micro Shoppe.

Highlights:
The company's current portfolio consists of seven major product lines, including fleet/vehicle monitoring, lost mobile tracking, sales force tracking and home security systems. It sells its products through over 200 domestic franchisee-based retail outlets. It earns 35% of its revenue from exports to South Africa, West Asia and Kenya. The company has recently launched a micro Wi-Fi security system to cater to the increasing demand for security guard against attacks on Wi-Fi networks.

MTIL has designed new and innovative software for laptops known as Micro LNTS (Lost Notebook Tracking System). Micro Lost Notebook Tracking System is embedded on notebook hard drives, allowing systems to be tracked as soon as they are connected to the Internet. MTIL will offer Micro LMTS (Lost Mobile Tracking System) to secure the mobile handsets of 2 million MTNL Subscribers.

It has spent Rs 37 crore for products & services enhancement. Another Rs 19 crore is being incurred for the development of new products.

MTIL has recently signed an agreement with I-Tech Innovative Technology Solutions for distribution of the company's products in Yemen, Egypt and selected Middle East countries for one-lakh pieces amounting to Rs 100 crore.

For meeting the fund for various capital expenditure plans in Middle East and US, MTIL had made its FCCB issue of 15 million US$ (Rs 60 crore).

Micro Tech has allotted 24,00,000 warrants on February 05, 2008 to promoter group and certain other investors on preferential basis at Rs 256.88 per warrant convertible in to one equity share of the company.

To see full report: MICRO TECHNOLOGIES