 Chennai:
The city-based uninterrupted power supply (UPS) system
manufacturer Flipper Clipp Power Systems is on the lookout
for overseas equity funds to the tune of around Rs 5 crore.
According
to Praveen Menon, director (sales and operations), the
promoters are willing to dilute their holdings to the
tune of 51 per cent in favour of the overseas investors.
The company has recently opened an office in the US to
seek technical as well as financial tie-ups.
The
Rs 4-crore turnover Flipper Clipp is currently focusing
on high-capacity UPS systems — over 10 Kva and up
to 150 Kva. "We have a capacity to make three 150
Kva UPS systems per day," says Menon. The company
is mainly present in the four southern states and Pondicherry
apart from Mumbai and Gurgaon, near Delhi.
According
to Menon, Flipper Clipp is the first company in the UPS
industry to have a call centre. "Anybody who wants
to buy an UPS can register with our call centre. The registered
entities will then be eligible to have a two-year warranty
period on their new UPS."
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