BWI: Canon India Announces Creation of Unified Office Imaging Solutions Division (OIS)

Press release from Business Wire India
Source: Canon
Tuesday, February 22, 2011 02:20 PM IST (08:50 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Publishing & printing; Technology
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Canon India Announces Creation of Unified Office Imaging Solutions Division (OIS)


New Delhi, Delhi, India, Tuesday, February 22, 2011 -- (Business Wire India) -- -- K Bhashkar to head OIS division at Canon
-- OIS Division to contribute ` 350 Cr in 2011

Canon India, world leader in digital imaging technology recently announced the appointment of Mr. K Bhashkar as the Director of Office imaging Solution Division (OIS). This B2B business has been one of the major contributors in Canon's overall business contributing more than 25% to the Company's revenues in 2010. Mr. Bhashkar will continue to report to Mr. Alok Bharadwaj.

Commenting on the appointment Mr. Alok Bharadwaj, Senior Vice President Canon India, said, "India continues to build strong consumption as well as investment momentum. With sustained 9% GDP growth, we should begin to witness higher level of entrepreneurial depth. India Inc prints & copies over 60 Billion documents a year. This costs ` 10,000 Cr in a year and growing @ 20% pa. Most of this is inefficiently done. Canon has been handling this biz through teams of Enterprise solutions division for large enterprises & channel network for SME segment through a separate division. As both these businesses represent two ends of the same continuum, Canon plans to merge these businesses under one division called Office imaging Solutions Division. We expect this division to grow revenues by 20% to touch `350 Cr in 2011. This newly formed division will have 162 sales & marketing staff".

"Canon had set a new direction to the industry by introducing Managed Document Services (MDS) as an outsourced service from large enterprises in 2010. It acquired contracts from 31 large accounts. We will now leverage this knowledge and experience to extend propositions for SMEs through our widespread and robust channel network of 150 partners. The merged business will help create a unified proposition", He further added.

K Bhashkar brings with him over 15 years of experience in enterprise domain of business solutions. His experience can be leveraged to bring more synergy and build this division to focus now on the medium and small enterprises. Canon will stand to benefit immensely from his rich market experience and will go a long way in helping us gain leadership and increased market share in the Printing domain."

On his new role K Bhashkar said, "I am much honored to be a part of these exciting times and am looking forward to taking up this challenging role and would maintain leadership in A3 copier MFDs and bringing in increased efficiency of document management in the medium & small enterprise and government sectors as well."

The earlier BIS division was divided into Enterprise Solution Division and Channel Sales division with different reporting heads. The divisions separately catered to the enterprise customers and Government sectors with separate divisional heads. This fragmented segment is now integrated under the Office Imaging Solution Division to be led by Bhashkar.

These changes come into immediate effect and have been done keeping in pace with the dynamically changing business scenario in India. Canon India has already announced creation of 2 new business divisions in professional & graphics printing space after its integration with Oce operations in India and appointed separate heads, namely Puneet Datta, who will manage the Production & Professional Printing division, and Rajeev Tewari, who will lead the Wide Format imaging division. A team of 50 sales & service staff is dedicated to the business of professional & graphics printing targeting major companies and printing firms across the nation.

About Canon Inc

Canon Inc. is a global leader with total revenue of about US$ 37 billion in 2010, in photographic and digital imaging solutions. Its global network now includes 239 companies, employing approximately 169,000 people. Five Technology 'imaging' engines of Optical, Electro photography, Bubble Jet, Semiconductor and Display drive Canon's cutting-edge technology products. Canon is the world leader in office automation and digital imaging technologies. The company is dedicated to the advancement in technology and innovation and commits 10% of its total revenue each year to R&D. Canon is ranked 33rd on the Best Global Brands for the second consecutive year in Business Week's 100 Best Global Brands and amongst top 200 on the Fortune Global 500 in year 2009. Canon has consistently remained as one of the top 3 global companies to have earned the most number of patents over the last decade. Guided by its Kyosei philosophy, which focuses on "living and working together for the common good", Canon delivers high performance and user-friendly products and solutions to improve efficiency both in the office and home environment. More information is available on the www.canon.co.in website.

Canon in India

Canon India experienced 50% growth and has achieved revenue of `1260 Crores during calendar year 2010. Revenues in 2009 were `840 Crores, a 50% growth over 2009. Canon focuses on multiple market segments of consumer, B2B, Government & Commercial. Canon's product portfolio extends over a vast variety of copier MFDs, fax-machines, printers, scanners, All-in-ones, digital cameras, camcorders and multimedia projectors, cable ID printers, semi conductors and card printers.

Canon India Pvt. Ltd. is a 100% subsidiary of Canon Singapore Pte. Ltd., a world leader in imaging technologies. Set up in 1997, Canon India markets over 140 comprehensive range of sophisticated contemporary digital imaging. The company today has offices in 7 cities, warehouses in 13 cities across India and employs over 800 people. Canon has approximately 380 primary channel partners 13 National Retail Chain partners, and over 4000 secondary retail points. Oce distributors in India will now be a part of Canon partner network. Canon's service reach extends to over 100 towns with 200 service Engineers 11 Master Service centers and 33 Canon Care Centers. Canon and Océ products are available with complete service support network.


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KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, PUBLISHING, TECHNOLOGY

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