ESys Technologies: Difference between revisions
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==History== |
==History== |
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The eSys Group was founded by an Indian entrepreneur named Vikas Goel in the year 2000. The company started as a distributor of computer hard drives and other peripheral devices. |
The eSys Group was founded by an Indian entrepreneur named Vikas Goel in the year 2000. The company started as a distributor of computer hard drives and other peripheral devices. Later, it started its own PC manufacturing business and started making PCs on its own. |
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In late 2006, hard drive giant Seagate dropped eSys as a distribution partner due to eSys's refusal to allow audits, failure to make payments and alleged false claims of sales credit. [http://www.arabianbusiness.com/seagate-dumps-distributor-esys-217276.html] |
In late 2006, hard drive giant Seagate dropped eSys as a distribution partner due to eSys's refusal to allow audits, failure to make payments and alleged false claims of sales credit. [http://www.arabianbusiness.com/seagate-dumps-distributor-esys-217276.html] |
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Revision as of 10:42, 1 July 2014
The eSys Group is a defunct Singapore-based company that mainly produced desktop, laptop and media center computers. Unlike most of the other computer-manufacturing companies in the market, eSys claimed to cater to developing countries and thus have focused their sales on a more budget-oriented target sector of computer customers. eSys used to claim it manufactured the world's cheapest PC, at only US$199.
History
The eSys Group was founded by an Indian entrepreneur named Vikas Goel in the year 2000. The company started as a distributor of computer hard drives and other peripheral devices. Later, it started its own PC manufacturing business and started making PCs on its own.
In late 2006, hard drive giant Seagate dropped eSys as a distribution partner due to eSys's refusal to allow audits, failure to make payments and alleged false claims of sales credit. [1] [2]
In 2007, eSys merged with Chennai-based Teledata Informatics under unclear terms of valuation and loans. [3] [4]
By 2009, eSys had closed numerous of its offices and subsidiaries and/or transferred ownership to EZY Infotech. EZY Infotech was owned by Niraj Goel, brother of eSys founder, Vikas Goel. [5][6]
In Aug 2011, The Singapore High Court ordered 10.2 million shares in eSys Technologies to be sold and the proceeds given to the State Bank of India, Singapore. The shares had been pledged to the bank for a US$80 million loan in 2007. [7]
In Nov 2013, a New York appeals court dismissed three counts of a case filed by Vikas Goel against investors, with him alleging losing $100 million when they did not transfer funds to eSys. [8][9]
Alleged Manufacturing facilities
eSys allegedly had four PC Assembly plants with combined annual capacity of 3 Million units. These manufacturing plants were said to be located in Singapore, Himachal Pradesh, India, Colombo, Sri Lanka and The Jebel Ali, UAE. eSys had also looked at setting up a Manufacturing Facility in Tashkent, Uzbekistan at one point.
Alleged Manufacturing techniques
eSys manufacturing facilities claimed to integrate with its regional supply chain hubs with the goal of lower inventory holding costs and faster time to market. The plants alleged to have a high level of automation in manufacturing processes where Computer chips and software simulate humans to do most of the costly activities. To further cut costs down, eSys also heavily employs the implementation of Linux operating systems which are free instead of typically using Microsoft Windows.