NewswireToday - /newswire/ -
New Delhi, Delhi, India, 2010/12/01 - Hyderabad based VMC has been ranked 20th by Inc. India ranking, in an independent survey for their annual list of 500 best performing companies.
Inc. India, the newly launched publication for India’s growth companies and a part of 9.9 media, has ranked Vuppalamritha Magnetic Components (VMC) 20th in its iconic survey of 500 best performing mid-sized private companies in India. VMC is India’s largest manufacturer of telecom and power-conversion equipment, and this award is a reiteration of its leadership in the industry. The award was presented at a formal ceremony organized by India Inc.
VMC, is a market leader in this segment with an annual revenue of Rs. 1250 crores. VMC’s product portfolio spans the entire gamut of telecom; from latest technologies such as such as 3G, WiMAX and GPON, to the standard Telecom and networking equipment ranging from customer premise equipment [CPE] such as FWP and ADSL Modems, to access products like Media & Ethernet/E1 converters to core telecom products related to like STM based ADMs and DWDMs [optical transmission equipment].
Mr. B. Venkataramana, Executive Director, VMC commented, “We are honored to be ranked in the top 20 on this list of India’s best performing mid-sized companies. The key to VMC’s success is the talent, passion and dedication of our employees, and our unwavering commitment to providing exceptional value to our clients. VMC has been growing multifold year-over-year since the company’s inception in 2002. We are honored by this recognition and look forward to reaching even greater heights in the years ahead.”
The Inc. India 500 is an annual list of the five hundred best performing mid-sized private companies in India, introduced in 2009. Almost 3,000 companies across 35 sectors with net sales between Rs. 50 Crore and Rs. 1,500 Crore in the most recent year were shortlisted. After a thorough analysis on various parameters as outlined in their report, the top 500 companies were chosen and ranked.
Vuppalamritha Magnetic Components Ltd. (VMC) is India’s largest manufacturer of Telecom & Power-Conversion equipment. VMC commenced operations in Hyderabad in 2002 and has been certified for ISO 9001:2000 compliance for its products and processes. In Oct 2008 Fidelity Capital invested in the company. In a short span of 8 years, VMC (vmcindia.com) has emerged as a market leader in this segment with an annual revenue Rs. 1250 crores. VMC’s Telecom business unit provides an array of specialized telecom products and services to leading telecom companies and OEM customers. VMC has till date an installed base of 15 Lakh telecom equipments. Customer locations that exceed 300 in number, and technical support from 26 centres, denote a pan-India presence for VMC. Due to its strong emphasis on frugal engineering, and factories totalling 100K sqft, VMC is aiming to become a world class telecom product powerhouse.