Revenues went southward for India’s largest Electronic Manufacturing Services
(EMS) provider of Celetronix. Delivering end-to-end EMS solutions, including
design, fast prototyping, PCB design and assembly for blue-chip OEM customers
from facilities in India, Sri Lanka, Malaysia and US, Celetronix had no parallel
in the DQTop50 club, except possibly Moser Baer. Started contract manufacturing
memory modules, desktops and Internet appliances like set-top boxes, and
licensed its power supply technology to Flextronics.

Flextronics maintained an ongoing investment in Celetronix. The company
changed its name from Celetron to Celetronix. It also devised a sub-10K PC for
the domestic market. RFID was the company’s newly gained expertise-the Noida and
Chennai facilities produced more than 2 mn RFID devices per month, including
ones like transponders, and ISO cards.