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Monday, January 3, 2011

PCH scouting for more Hardware market highest in South Asia:

Charumini de Silva

PC House expects to acquire a few IT companies that are engaged in the Internet Data Centre (IDC), KPO and BPO businesses early this year. PCH Chairman and CEO S H M Rishan said 2011 will see a huge development in the IT enabled services.

The company is looking at the potential of acquiring a few IT companies which are not listed in the Colombo Stock Exchange (CSE).

PCH will be utilizing its Initial Public Offering (IPO) funds to acquire these companies in expanding their businesses.

“PCH is expecting to take its brand to the global arena this year; initially expanding into the South Asian regional countries such as Bangladesh and the Maldives. We already cater to these two countries with our partners, but the company has not taken its brand directly to these markets,” Rishan said.

The demand for products in Bangladesh and the Maldives have shown a significant growth. The company is also looking forward to expand the branch network within the country too. PCH expanded its branch network into Northern and Eastern provinces soon after the IPO.

Rishan said there are four branches in Mannar, Nelliady, Kilinochchi and Mullaitivu. These branches have recorded a 50 to 60 percent monthly growth and it is very encouraging. Sri Lanka’s computer hardware market grew by over 20 percent in 2010 recording the highest growth in the South Asian region. The hardware market has grown steadily. There is a demand for 200,000 to 250,000 personal computers (PCs) or notebooks in Sri Lanka.

The company has recorded a 100 percent profitability corresponding to 2009 and expects a growth of 30 to 35 percent.

PCH is confident that IT enabled businesses in the country will improve tremendously while contributing to strengthen the country’s economy, Rishan said. The IT industry in Sri Lanka is picking up gradually with the IT infrastructure being developed gradually. There will be many developments in the IT enabled businesses and the industry since IT is one of the most required and important components to any type of business.

source - www.dailynews.lk