eSys Technologies
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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
Despite later becoming a footnote in the IT industry amid allegations of fraud, in 2005, eSys was ranked No. 1 in Singapore by Accenture and Business Times and founder Vikas Goel managed to be the recipient of the Ernst & Young Entrepreneur of the Year Award.[1]
In 2006, eSys was allegedly a USD 2 Billion transnational with 117 fully owned operations in 38 countries and claimed it had more than 1200 employees around the globe with 30,000 business partners and more than 85,000 customers.
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. [2] [3]
In 2007, eSys merged with Chennai-based Teledata Informatics under unclear terms of valuation and loans. [4] [5]
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. [6][7]
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. [8]
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. [9][10]
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.
External links
- eSys Group (domain parking page, no longer informational)