Thursday, May 13, 2021
Home India Start-ups in India to be backed by Dell

Start-ups in India to be backed by Dell

credit: www.erenkocyigit.com
credit: www.erenkocyigit.com

By NewsGram Staff-Writer

Computer manufacturer Dell has announced that it will support growing start-ups in India. On Monday, they said that they are extensively working on ideas that are unique and disruptive.

Dell Inc chief executive Michael Dell told media, “We will support start-ups with technology, scaling up and capital wherever it is required as we want to be the entrepreneurs’ best friend. He further added, ” I met several interesting start-ups in Bengaluru, including InMobi and others. They are doing amazing work.”

Praising the eco-system of start-up in India, Dell said that the business landscape in India was very different four-five years ago in India but now it has improved dramatically.

Ruling out making smartphones, Dell said only one or two firms were making profits in it and quite a few of them were losing substantial money in that business. He said, “One of our competitors which recently acquired another large smart-phone company had lost $1 billion in smart-phone business. We will focus on our business as there is enough opportunity.”

Dell privatized the listed firm two years ago by buying out shares of all institutional and retail investors in a $24.9-billion deal with his private equity partner Silver Lake. “Almost 20 per cent of my time is freed up now, which I am spending with customers, products and team members,” he noted.

Asserting that going private had helped him personally and his firm a lot, Dell said the decision has ignited new energy in employees and made decision-making faster. He also insisted that employee satisfaction will be given priority this year.

Noting that Dell India’s business has grown at 30 percent in 2014 was the highest globally for the company, Dell said India is the third largest market for its products and services. He said, “We are expanding and making investments in all our businesses in India, including services, R&D, data centre, Dell global finance, support services and manufacturing.”

credit: www.themetisfiles.com
credit: www.themetisfiles.com

Predicting consolidation in the global PC market, Dell said the top three companies (Lenovo, HP and Dell) could corner about 80 percent market share over the next five-seven years.

“The top three companies only have 53-54 percent market share currently. In the PC space, we see a consolidation and gaining share. In the first half of this year, we outgrew other two companies in notebooks. We have been able to grow even though the market is shrinking,” he said.

With about 28,000 employees in eight cities across the country, Dell India focuses on major industrial verticals spanning telecom, banking, financial services, insurance, manufacturing and utilities. Dell India is also looking to expand retail outlets to 825 by this year’s end.

With Inputs from IANS

STAY CONNECTED

19,511FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

France, UK Concerned About Resurgence In Jihadist Threat

By Jamie Dettmer Nearly 200 jihadists imprisoned in France are due to be released over the next two years and French security officials are pressing French...

What You Need To Know About The Bombings In Gaza By Israeli

BY- JAYA CHOUDHARY Israeli bombings on the Gaza Strip have killed at least 21 people including 16 Palestinians. Among the diseased was a 32-year-old Indian...

Instagram Lets Users Add Pronouns To Their Profiles

Facebook-owned Instagram has announced to let users add up to four pronouns to their profiles, which they can then display publicly or only to...

Queen Elizabeth II Of The UK Presents The Government Agenda

Britain's Queen Elizabeth delivered the official Opening of Parliament speech Tuesday, her first ceremonial appearance since the death of her husband, Prince Philip. The speech,...

How To Recover Nikon Camera Photos

By Hasan Raza Introduction DSLR cameras have long been utilized in the white-collared photography business sector. DSLR’s notoriety in the global marketplace has also increased significantly...

Working On A Cremation Ground During The COVID Period

The shades of dusk are falling -- it is time to exit this space. But people continue to come in with their dead. The...

Healthy India: Encouraging Nursing Education In Schools

The Covid-19 pandemic has not just rattled the lives of millions but has put Indian healthcare machinery under tremendous pressure. From doctors to nurses to...

International Nurses Day: History And Significance

By- Khushi Bisht The International Nurses Day is observed on May 12th every year worldwide to honor the contributions of nurses. The International Council of...

Recent Comments