Tyco to Announce Top Level Changes

Tyco Electronics, one of the leaders in the networking products like structured cabling and power systems, is likely to announce top-level changes. Reliable sources point that Samir Inamdar, the head of Tyco electronics India has quit. The changes are likely to be announced this week. This development assumes significance as Tyco today stands at the cross roads to enter a new phase of growth and would need a leader to carry forward its road to expansion. It may be mentioned here that the company is one of the leaders in segments like structured cabling and power systems. The company is estimated to have done a total business of Rs 141 crore. While its structured cabling business stood at an estimated Rs 56 crore that from the power segment was Rs 58 crore. And recently it announced that it was expanding its product and manufacturing portfolio too. The company added to its list of products, a set of active components like hubs, router, and switches. Further, these products are on stage to be manufactured in the India plants too. Also on another count, the company was in the process of setting up a solutions teams to even take care of the maintenance, designing, and commissioning of the electrical requirements of the
telcos.

Ch Srinivas Rao