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ACi seems to have big plans. According to Patel, their IPO is slated
to take place in September 2006. Says Hirji, "The role of Imag
will be to implement our full rounded marketing plan. We along with
Imag will be looking at hitting the education market are going to
unleash our 5K notebooks in the next couple of months. We will be
focussing on bottomline marketing for the next four months; post
which we will get into other mass media.
Patel also stated that ACi was planning to set up shop in Dubai
within a month and within six months they will be entering the South
and East African markets, Srilanka, and Australia as well.
ACi India marked their entry in India with a collaboration with
four individuals in 1999. In 2002, they set up an independent unit
and formed ACi Asia annulling the former entity.
ACi, with their entry instigated a price war with the launch of
the 50K notebooks. The competitors in the space being Compaq, IBM
and Toshiba. The were also the first to offer the AGP (Accelarated
Graphics Port) technology in India.
According to Patel, ACi Asia in 2004 created history with the introduction
of ACi 29999 - the 30k notebook. The notebook industry as a whole
witnessed a 250 per cent growth last year.
Patel concludes, "Before we get into our IPO next September,
our agenda for the next six months is to focus on the education
market with self schemes to break the 20K price barrier."
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