Mumbai-based Savex Technologies, the 3rd largest IT distributor in the country with a revenue of USD 2.5 billion has entered into definitive agreements to make a strategic investment in Bangalore based Inflow Technologies, a leading value-added distributor that provides a host of products and services around Cyber Security, Networking, Unified Communications& Collaboration, AIDC & POS, Electronic Security, Server, Storage & Software and related fields in South Asia.
Inflow will continue to operate independently under the leadership of their Group MD, Mr. Byju Pillai and its current management team. Savex will add value to Inflow’s business at the Board level. Inflow can leverage on key strengths of Savex, which includes operational excellence, financial strength & larger geographical reach. This provides the right platform for Inflow to scale its business to greater heights in the next 3 to 5 years. Inflow’s vendors and channel partners will significantly benefit by this planned growth and its greater financial strength.
“The investment in Inflow supports our strategic plan to be a full-service IT distributor and underscores our commitment towards digital transformation and new age technologies. This will strengthen our Enterprise Product portfolio and enable us to deliver higher value to our clients and channel partners. It will augment our presence in the Security, Storage, and Networking space. Inflow has a strong platform that will accelerate our diversification and South Asia expansion plans. We are thrilled to welcome Inflow to the Savex family, and we look forward to supporting Byju and all his team on what promises to be an exciting journey.” stated Anil Jagasia, Chairman of Savex Technologies.
Byju Pillai, Group Managing Director of Inflow Technologies said, “This transaction represents a significant milestone in Inflow’s growth story, and we are delighted to move forward in this partnership with Savex. With the combined synergies and resources, we can deliver higher value to our vendors and customers globally.”
Both, Savex and Inflow, are established names in the industry and have been trusted partners to world’s leading technology companies. Despite the pandemic, both companies have maintained their growth trajectory and emerged stronger.
Founded in 1988, Savex Technologies Private Limited is the 3rd largest Information Technology (IT) Distributor in India. Headquartered in Mumbai, the company has 42 offices & warehouses and sales presence in 109 cities, catering to over 7,500 channel partners & 20,000 retail stores in more than 750 cities, with a team strength of 1200+. Savex has a direct relationship with over 50 Global Technology Vendors. Apart from distribution, sales and supply chain management, the company also provides consulting & technical support, warranty management services & reverse logistics, market fulfilment services, online store services and other managed services in India and South Asia (Singapore, Sri Lanka, Bangladesh, Nepal, Bhutan).
Founded in 2005, Inflow Technologies Private Limited is a niche player in the IT Infrastructure Distribution Services market in South Asia. The company is Value Added Distributor for Cyber Security, Unified Communications and Collaboration, Networking, Automatic Identification and Data Capture & POS, Infrastructure & Application Software, Storage Management, Electronic Security products & related services. Headquartered in Bangalore, the company has 15 sales offices across the globe, with a team strength of 370+. Inflow has direct relationship with 50+ Global Technology vendors, has presence across India & South Asia, and does business through its 2300+ channel partners.
The transaction closing is subject to regulatory approval.
