Infotech Enterprises to become Cyient Limited
Mar 27 2014
The resolution is now being proposed to the shareholders via a postal ballot for their approval and other regulatory clearances. The approval process is expected to last 30 days.
“With increasing global recognition of our services, we needed a unique identity that we can own and a brand promise we can live every day. The name Cyient has connotations to the words client and science, two important ingredients of our company’s success. The “ient” references Infotech Enterprises and reflects the company’s heritage and continuity. Our new brand promise will help further our commitment to creating innovative, forward-looking solutions with our customers to design tomorrow together,” said BVR Mohan Reddy, Infotech chairman and founder in a statement.
“We have the mass and momentum now but were missing uniqueness. We have researched on Cyient for some time now. Earlier, if somebody searched for Infotech, they found too many players with this name. So, we want rebrand ourselves as Cyient,” Reddy told Financial Chronicle.
The company is expected to make an official announcement and reveal the new brand in early May.