By Mr. Abhay Ray 
Introduction to Xerox India
Xerox India, Provider of printing products and services in India. The company offers printer, photocopier, document supplies, technology and services, based in Gurgaon, India, is the Indian subsidiary of Xerox Corporation, an American printer, photocopier, document supplies, technology & services company. Xerox provides business process and information technology outsourcing, and document management services. It provides document technology, services, software and supplies for graphic communication and office printing environments of any size.
Incorporation – The company, formerly known as Xerox ModiCorp Ltd. and changed its name to Xerox India Limited in March 2005.The company was founded in 1983, by Dr. Bhupendra Kumar Modi. And its headquarters is located in Gurgaon, Haryana India. Xerox India Limited operates as a subsidiary of Xerox Corporation.
Mission / Vision of Xerox India
Mission – Xerox is continuing its legacy of innovation to deliver client-centric and digitally-driven technology solutions and meet the needs of today’s global, distributed workforce.
Vision – To help people find better ways to do great work by constantly leading in document technologies, products, and services that improve our customers’ work processes and business results..
Founder Details
Dr. Bhupendra Kumar Modi (born 2 January 1949), popularly known as Dr. Modi, is an Indian-born Singaporean businessman, social entrepreneur, and philanthropist. He is the founder-chairman of Smart Group of companies, the founder of the Global Citizen Forum and the global chairman of the Foreign Investors India Forum. He is also the Honorary President of the World Federation of United Nations Associations.
- Dr.BK Modi Education – Career
He graduated with a degree in chemical engineering from the Indian Institute of Technology (IIT-BHU) and received an Masters in Business Administration (MBA) from the University of Southern California, USA. He also holds a Ph.D. in Financial Management. He is a Chemical Engineer from South California. Also bestowed as a D.Litt in Industrial Management
In 1975, as a part of Modi Rubber, Modi made the first Indo-International technical collaboration in the tyre industry with Continental of Germany. In 1981, Modi established Graphics India, which became the sole distributor of Rank Xerox copiers in India, and formed Modi Xerox in 1983 as a joint-venture with Xerox, setting up India’s first office automation product manufacturing facility in Modipur, Rampur in the Indian state of Uttar Pradesh. In 1987, Modi formed a joint-venture with Italian computer firm Olivetti. Modi Olivetti was the first Indian joint-venture to manufacture advanced PC’s and floppy disks.
- Dr. BK Modi – Awards and Honours
Entrepreneur of the Year Award (2017) Global Thought Leader for Global Peace Award (2018) In 2015, ‘Lifetime Achievement Luminary Award’ by Channel News Asia, Singapore. In 2013, ‘Ambassador of Peace Award’ conferred by the Universal Peace Foundation.
FINANCIAL RESULTS
|
Particulars |
FY2024 (₹ in Lakhs) | FY 2023 (₹ in Lakhs) |
|
Goss Revenue |
44725.18 |
44545.18 |
| Profit/(Loss) Before Tax | 2472.23 |
2195.85 |
|
Less: Current Tax |
347.20 | 575.15 |
| Prior years• tax | 19.84 |
315.26 |
|
Deferred Tax |
259.90 | 10.82 |
| Profit/(Loss) After Tax | 1845.29 |
1294.62 |
|
Basic |
4.12 | 2.89 |
| Diluted | 4.12 |
2.89 |
The Company has posted a profit before tax (PBT) of ₹ 2472.23 Lacs and a profit after tax (PAT) of ₹1845.29 Lacs in the financial year under Report as against profit before tax of ₹ 2195.85 Lacs and profit after tax of ₹ 1294.62 Lacs in the previous year. An increase of around 12.59% in PBT and around 42.53% in PAT, while the gross revenue posted in the year under report is ₹ 44725.18 Lacs as compared to the gross revenue of ₹ 44545.18 Lacs in the previous year, a gain of around 0.40%.
Xerox India Ltd. – Services
Xerox India Limited offers a wide range of products and services, including Digital multi-function devices, Digital copiers, Laser and Ink printers, Fax machines, Document management software, and Supplies, such as toner, Paper, Ink, and Binding and Pressing machines, Printing press, E Vehicles, Electric two wheelers, Parts and Kits, Office automation products & Devices, color printers, Printing machinery & Equipment, Large format printers, Digital printing press, Multifunction printer.
Xerox – Awards and Recognitions
Xerox was awarded the 2024 King’s Trust Partnership Rising Star Award and Xerox recognized by Disability IN as one of the “2024 Best Places to Work for People with Disabilities.” Xerox received a Top Score of 100 out of 100 on the Disability Equality Index. July 15, 2024: Xerox Wins PRINTING United Alliance 2024 Pinnacle Product Award for Technology. Xerox Recognized as 2024 ENERGY STAR Partner of the Year for Sustained Excellence. Keypoint Intelligence Recognizes Xerox with BLI 2024 Smart Workplace Software Line of the Year Award.
Xerox India – Competitors
- Hp Inc.
- Canon
- Epson
- Panasonic
Conclusion
Xerox Holdings Corporation stands at a crossroads as it navigates the challenges and opportunities. With a robust business model built on diverse revenue streams, the company is well-positioned to adapt to the changing landscape of the printing and document management industry. By leveraging its strengths, addressing its weaknesses, and capitalizing on emerging opportunities, Xerox can continue to thrive in a highly competitive environment. As we look to the future, the company’s ability to innovate and respond to market dynamics will be critical for its success.
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