Redington Ltd Share Price

Redington India Limited was established on May 2, 1961. It is an integrated supply chain solution provider and currently India's second-largest distributor of IT products, serving over 39,500 partners through its subsidiaries. It specialises in distributing information technology, mobility, and other technological products, as well as supply chain solutions.

The company began operations in 1993. Since then, it has steadily grown its operations across India, offering a wide range of IT and telecom products. This has had a very positive impact on Redington's share price.

Product and Service Offerings of Redington Ltd

Redington services include the two segments mentioned below.

Distribution: Redington distributes items from over 220 prominent manufacturers and serves over 39,500 channel partners through its subsidiaries.
Supply Chain Solutions: It offers logistics, supply chain management, and other support services in India, the Middle East, Turkey, Africa, and South Asia.

This wide range of services from the company is having a major influence on the Redington share price BSE and NSE. You can find the Redington share price today on BlinkX.

Key Partnerships and Acquisitions of Redington Ltd

Strategic Alliances: The company formed partnerships with major companies to distribute its products, such as Microsoft, IBM, APC, Canon, Apple, Adobe, and Eaton Corporation.
Acquisitions: In April 2004, the Company acquired Redington Gulf FZE (Middle East and Africa operations) from Redington Mauritius Limited. In April 2005, it acquired some stake in Redington Distribution Pte Ltd (Singapore, Bangladesh, and Sri Lanka operations) and Cadensworth (India) Pvt Ltd.

Key Personnel of Redington Ltd’s

Rajiv Srivastava is the managing director of Redington Ltd.
Anita Ramachandran is a non-executive director of the firm.
J Ramachandran is an independent director on the board of Redington Limited.

Redington Ltd’s Strategic Focus

During FY 19-20, the Company took steps towards transforming itself into a Solution Oriented Distributor, expanding its expertise in emerging technologies such as Cloud, Cybersecurity, Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning. Thus, Redington India share price may perform well in future.

Corporate Actions of Redington Ltd

Divestment: In 2021, the Company sold all its investment in M/s. Ensure Support Services (India) Limited, its wholly owned subsidiary, to M/s. Accel Limited. This had a significant effect on the Redington India Ltd share price.
Bonus Shares Issuance: During the fiscal year 2022-23, the Company issued bonus shares of one equity share of Rs 2/- each.

Redington Ltd’s Technological Innovations

In 2022-23, the company introduced Redington Online, an end-to-end digital platform designed to make it convenient for consumers and partners to find technology products, solutions, and services. It introduced CloudQuarks, a cloud commerce platform that offers consulting services, streamlines the purchasing process, and regulates product and service consumption and delivery.

Redington Ltd

REDINGTON Share Price