eSys makes Singapore’s E50

Fast-growing components distributor eSys picked up runners up spot in Singapore’s prestigious Enterprise 50 (E50) list for 2004. The list — organised by the Singapore Economic Development Board and Andersen Consulting — judges privately held companies on sales and profits and also considers management philosophy, innovation and market presence.

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By  Stuart Wilson Published  November 22, 2004

Fast-growing components distributor eSys picked up runners up spot in Singapore’s prestigious Enterprise 50 (E50) list for 2004. The list — organised by the Singapore Economic Development Board and Andersen Consulting — judges privately held companies on sales and profits and also considers management philosophy, innovation and market presence. eSys’ accolade is testament to its rip-roaring sales growth. The distributor now expects to close full year 2004 with global sales of US$1.5bn — a 74% rise on the US$860m recorded in 2003. eSys currently accounts for 25% of worldwide hard disk drive distribution and is pushing hard to diversify its business model to incorporate PC assembly and peripherals production. “The new ranking will further leverage eSys’ position as an international business leader with exceptional acumen and innovative strategies for the growth of IT markets,” says Pavan Gupta, general manager at eSys Middle East. “In the Middle East, eSys will make a significant impact on the market of high-quality, low-cost PCs, making them more affordable to everyone. At the same time, we will continue to be the market leaders in bringing advanced IT components to the region, as part of our distribution portfolio, as well as with our eCube brand.” In previous years, many high ranking companies in the annual E50 list have gone on to make a stock market debut and eSys looks like being no exception. The company plans an initial listing on the Singapore stock exchange in 2005 with secondary listings on other global stock markets also being considered. “The worldwide success of eSys is due largely to the combination of innovative business ideas and a very traditional commitment to excellence in service and client relations,” explains Vikas Goel, CEO at eSys. “eSys was conceptualized with our vision firmly focused on providing excellent service to our clients in the market. At the same time, the idea was to clear market imbalances between excess inventory and market demand. We went back to the basics of listening to the client and customizing our offer to every individual partner’s demands. We also did away with excessive spending on logistics through a centralised logistics hub, creating thus the pipeline model of distribution. This award has validated our methods and brought us closer still to the market which provided the launch pad for our success,” adds Goel. eSys now boasts 67 points of presence around the world with Dubai operating as headquarters for the distributor’s Middle East, Africa and CIS operations. The company is setting up a Jebel Ali-based PC assembly line with an annual capacity of 400,000 units.

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