TVS Electronics in JV for language software

By Our Corporate Reporter

CHENNAI, MAY 12. TVS Electronics (TVSE), the Chennai based computer peripherals manufacturer has formed a joint venture with Modular systems, a Pune-based Indian language software firm.

Announcing the joint venture from Pune through a tele (audio) conference today, Mr. Gopal Srinivasan, Director of TVSE, told presspersons that the joint venture Modular Infotech would bring together the language software capabilities of Modular Systems and TVSE's commitment of taking IT to the heart of India. He said TVSE's stake in the equity capital of Rs. 7 crores would be 33 per cent and would be found from internal resources.

Dr. Mehemosh N. Cooper, one of the promoters of Modular Systems, said the company was one of the biggest players in the language market segment with a range of products including the DTP product Shree-Lipi, considered the de facto standard in the Indian language software market. It had a library of over 3,000 Indian language fonts. He claimed the company was the first to introduce a totally indigenously developed CRT based phototypesetter for typesetting in Indian languages and added Modular Systems continued to be the only company having in-house font development tools.

Earlier addressing presspersons in Chennai, Mr. S. Prasad, Vice President (marketing) of TVSE, said his company was a leader in dotmatrix printers, UPS systems and keyboards.

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Section  : Business
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