Trouble mounts for Compuage Infocom as it runs into financial debt
Compuage Infocom is one of India’s leading Value Added Distributors serving the industry’s leading system integrators, brand stores, enterprises, retailers and many more. Compuage’s rich and long standing legacy of 3 decades highlights its seamless adoption of innovative business frameworks to house a range of diverse and competitive brands.
Spearheaded by Atul H Mehta as its Chairman & Managing Director, Compuage Infocom is a respected company into IT distribution and Services and listed in BSE and NSE. Located at D601 Lotus Corporate Park, Ram Mandir Lane, Western Express Highway, Goregaon (East), Mumbai, the company offers world-class solutions in cloud, networking, cybersecurity, storage and servers.
The company has a network of 750 employees, 28 global brands, 46 sales offices, 69 service Centers, 600 partner locations across India and a sustainable growth rate over the years. It distributes Global brands including CISCO, Microsoft, HPI, Vertiv, CommScope, Asus, Extreme Networks, Samsung, Alcatel, Acronis and many more.
Compuage offers a diverse portfolio of IT solutions and customised services across a wide spectrum of technology verticals. It has offices and service centres pan India in Metro, A, B and C class cities. As per their official website it has the network of 12000+ online/offline partners and system integrators- facilitating convenient business operations. It used to offer Warranty services, Logistics, Technical assistance and Field engineering support in the country.
However, as per an industry report, the company has been hit by a financial crunch which started a few months back, just after the COVID scenario. This news of Compuage going into financial debt is sending shock waves into the partner community in the country. Sources say employees working in the smaller cities are asked to offer their resignations.
While more inputs are awaited, it is for us to wait and watch to understand what will be the next move by Compuage to streamline its business, collections and outstanding from the vendors. It is a real setback to the Indian IT industry.
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