Ingram Micro India
Ingram Micro India drove on the right track and took the correct turns in FY 2016-17 as the company witnessed high growth compared to last year. Globally, Ingram registered robust improvement in gross and operating margins of FY 2016-17 leading to the strongest earnings per share for a third quarter in more than a decade. In India, the company being the leader in technology distributor industry, stood tall this year with a whopping 15% growth in its revenue charts.
Post the completion of Ingram’s acquisition by Tianjin Tiahai Investment Company in February 2016, the company saw new business opportunities unfold and dived into emerging markets. Ingram Micro India took on to a diversified portfolio for better margins. MD Jaishankar Krishnan, with a career spanning over 16 years with Ingram Micro, forayed the company into professional services business by adding cyber security, physical security like surveillance, cloud, and wireless network set-up to its added services portfolio.
Recently, Ingram Micro announced global availability of Ingram Micro Cloud Referral Program through which partners can place unique web banners or e-commerce URLs on their website linking directly to Ingram Micro Cloud’s referral store. However, Ingram still focuses majorly on its traditional form of business in India, i.e., distribution.
On the other hand, with increased focus on digitalization, the distribution market in India suffered losses due to strong foothold of the e-commerce industry. The rise of the e-commerce industry’s omni-channel approach has impacted the distribution market with huge sales drops. However, the robust improvement in Ingram’s India business suggests otherwise. The spike in revenues for this year clearly indicates a positive growth of its India business. Ingram Micro ranked 62nd in the 2016 Fortune 500 companies list.
—JAISHANKAR KRISHNAN Managing Director