64. Tyco Electronics Corp

When the erstwhile AMP, merged with Tyco in April 1999 worldwide, a change
accordingly in India too happened, and the subsidiary here was renamed as Tyco
Electronics Corp. India Ltd. Tyco’s turnover in the FY 2000-01 is estimated to
be Rs 119.50 crore. Tyco markets a broad range of electronic, electrical and
electro-optic connection devices, and an increasing number of interconnection
systems and connector-intensive assemblies, and supplies the products later
bought into fold from Siemens EC, Raychem and Lucent power systems.

While Tyco’s premises cabling division continued to consolidate its
position in the structured cabling market and grew to Rs 48.1 crore, the supply
of the Lucent power systems to telecom manufacturers and services, is estimated
at Rs 41.4 crore. Today, the company is India’s top brand recall cabling
solutions provider and has a marketshare of over 21 percent. This is due to its
persistence in strong training, logistics support, bonded warehouse and cordial
channels. The company focussed on software development and data centers, and
increased its presence in ‘B’ and ‘C’ class cities.

Meanwhile, Lucent power systems, division of Tyco, continued to maintain its
hold in the non-DoT sector. It is estimated to have done a business worth Rs
41.4 crore. Raychem and other products fetched it the remaining Rs 30 crore. It
will be a real opening up of Tyco in the future, with its interests in undersea
cables, etc.