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TANCOM ELECTRONICS  Giant Rebound 

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DQI Bureau
New Update

PERFORMANCE HIGHLIGHTS

  • Grew 922%
  • Posted a turnover of Rs 173 crore
  • Exports accounted for the entire turnover.
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This flagship company of the Tandon

Group saw an amazing turnaround from its state of affairs in fiscal 1998-99. It

grew 922% to post a turnover of Rs 174 crore. Compare this with last fiscal’s

Rs 17 crore.

The reason it grew so much last fiscal

was the change in technology in the manufacturing of head stack assemblies–from

metal gap to magneto resistive technology. The last few years had not been

encouraging in terms of

revenues for Tancom Electronics and the company was aiming to attain the level

of growth it had achieved in 1996-97. Exports accounted for the entire revenues

of the company. Tancom raked in Rs 171 crore through the sale of head stack

assemblies. Its head gimble assembly business contributed Rs 50 lakh and voice

coil assembly got in Rs 146 lakh. The company is looking at upgrading the

existing high-class clean rooms, but is also keeping itself abreast with the latest

technologies and exploring newer vistas. At present Tancom Electronics exports

mainly to the USA, Europe, Singapore and Thailand.

The

company supplyied products to Western Digital Corp, an international

manufacturer of hard disk drives. Tancom’s association with Western Digital

dates back to 1985. It is also in the process of developing giant magneto

resistive (GMR) products, and intends to attain volume manufacturing of these.

The company manufactures voice coils for radio frequency identification devices,

which had a wide customer base in Europe and was widely used in the automobile

sector. It is looking at widening the customer base in Europe, and is

establishing volume-manufacturing facilities for this. It is also diversifying

into the manufacturing of printed circuit board assembly and is establishing a

division for manufacturing different types of products. DQ

Fact Sheet

START-UP YEAR: 1982 PRODUCTS AND SERVICES: Winchester

Head Stacks and sub-assemblies EMPLOYEES: 1,941 ADDRESS: Unit 60, SDF II, SEEPZ,

Andheri (E), Mumbai 400 096 TEL: 829 1919 FAX: 829 1176

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