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CREATIVE NEWTECH LIMITED — Regulatory Filings 2020
Aug 14, 2020
62737_rns_2020-08-14_e2bbc87c-828d-4f01-bf60-6f43da9176b9.pdf
Regulatory Filings
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Date: 14[th] August, 2020
To, The Manager Listing Department National Securities Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai- 400051
Sub: Announcement for expanding Honeywell product portfolio with audio/video products.
Dear Sir,
We are pleased to enclose a copy of press release regarding announcement of addition of audio/video products in our Honeywell product portfolio.
Kindly take the same on record.
Thanking you,
Yours Faithfully
For Creative Peripheral and Distribution Limited
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Tejas Doshi Company Secretary & Compliance Officer ACS – 30828
Date: 14[th] August, 2020 Place: Mumbai
Creative Peripherals and Distribution Limited
Registered Office: 3[rd] and 4[th] Floor, Plot No 137AB, Kandivali Co Op Industrial Estate Limited, Charkop, Kandivali West, Mumbai – 400 067 | Tel. : 91-22-5061 2700 | Email: [email protected] | Website: www.ecreativeindia.com | CIN: L52392MH2004PLC148754
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Media Release
Creative expands Honeywell portfolio with new audio/video products
Addition of Honeywell’s personal Bluetooth speakers, sound bars, headphones, earphones & voice enabled audio devices, boosts Company’s existing product range in this category
Mumbai, 14[th ] August 2020: Creative Peripherals and Distribution Limited (NSE: CREATIVE) market specialists for experiential products in IT, Imaging, Lifestyle, and Security domains with a pan-India presence, is pleased to announce that it has expanded its Honeywell product portfolio with the addition of audio/video (A/V) products.
The new A/V products include wired and wireless speakers, earphones / headphones / earbuds, etc. These products further enhance the Company’s existing wide range of consumer entertainment products. With this new addition, the Company’s product as well as geographical portfolio with Honeywell continues to expand.
Management Comment:
Commenting on this development, Mr. Ketan Patel, Chairman & Managing Director of Creative Peripherals & Distribution Limited said:
“We are happy to share that we have further expanded our Honeywell product portfolio with the addition of new audio/video products.
Our growing bouquet of Honeywell products indicates the trust and confidence that the brand places in us. We feel proud to be chosen by them for a competitive product segment where our strong network and market stronghold will be well leveraged. These A/V products, which include a range of wired and wireless speakers and headphones, add to our existing range of consumer entertainment and gaming products, offering a holistic experience to consumers. Ongoing consumer trends indicate a booming demand for such products in India and other markets.
Creative Peripherals and Distribution Limited
Registered Office: 3[rd] and 4[th] Floor, Plot No 137AB, Kandivali Co Op Industrial Estate Limited, Charkop, Kandivali West, Mumbai – 400 067 | Tel. : 91-22-5061 2700 | Email: [email protected] | Website: www.ecreativeindia.com | CIN: L52392MH2004PLC148754
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Our growing association with this Fortune 100 conglomerate is a testament to our capability to deliver consistently. I would like to thank all our employees and stakeholders for their continued support in our growth journey.”
Company Overview
Established in 1992, Creative Peripherals and Distribution Limited is a well-established company in India’s Information and Communication Technology distribution market. Through a robust network of partners and distribution channels, the Company has made a strong foothold in the IT distribution market in the country. The Company has an omnichannel network across all three channels of online, offline and retail trade.
Creative Peripherals specializes in market entry and penetration for global brands. The Company offers demographic intelligence, and enables the formulation and execution of marketing strategies for its clients. In addition to such services, Creative continues to focus on timely delivery, diversification of its product portfolio, sustained long-term relationships with its channel partners, and extending value-added services over and above distribution.
These efforts have enabled the Company to win long running contracts as well as garner accolades in the Industry as amongst the best distributors in India by leading brands. Creative Peripherals is associated with over 20 renowned brands globally. These brands encompass a wide range of applications and help the Company to cater to a broad array of customers, both in the consumer and industrial businesses. Moreover, the Company is well-positioned to leverage the changing trends in the technology industry and be a part of the paradigm shift towards digitization in India.
Creative Peripherals has a unique value-added business model. They provide end-to-end solutions, from market research and competition analysis for brands, to import, distribution, sales and servicing for the brand. Additionally, the Company suggests and executes marketing strategies and recommends viability in specific regions across India for their clients. This is enabled by specialized skill sets, local insights and experience, along with relevant market intelligence. Creative Peripherals also prepares strategic plans for market entry for foreign brands and their target category.
Furthermore, the Company conducts pre-sales and marketing activities for the success of the brand as well as to enable the channel partners to leverage their expertise and bottom line. Creative Peripherals works closely with partners across channels including Large Format Retail (LFR), e-commerce and specialized retailers. The Company is one of the few large distributors who conduct specialized training modules, events and promotional activities at
Creative Peripherals and Distribution Limited
Registered Office: 3[rd] and 4[th] Floor, Plot No 137AB, Kandivali Co Op Industrial Estate Limited, Charkop, Kandivali West, Mumbai – 400 067 | Tel. : 91-22-5061 2700 | Email: [email protected] | Website: www.ecreativeindia.com | CIN: L52392MH2004PLC148754
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the ground level with channel partners. They also conduct workshops and demos for resellers. This is possible due to the dedication and experience of the corporate and sales teams which constantly track latest market developments to build a closer market connect.
The Company’s wide reach and superior logistics capabilities helps it provide end-to-end services including warranty and post-warranty, high-level repair services, and response centres, among others. Such expertise and superior quality of service has led to increased confidence of brands, many of which have chosen Creative Peripherals as exclusive partners and have been with the Company since over five years. The Company focuses on higher operational efficiencies and adding higher-margin and value-added products to its existing product portfolio and such brand associations are a concrete step in that direction.
For more details please visit: www.ecreativeindia.com
For further information please contact:
| Company: Abhijit Kanvinde Chief Financial Officer Creative Peripherals and Distribution Limited E-mail: [email protected] |
Investor Relations: Savli Mangle / Rahul Trivedi Bridge Investor Relations Private Limited Email: [email protected] / [email protected] |
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Note: Certain statements in this document may be forward-looking statements. Such forwardlooking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forwardlooking statements to reflect subsequent events or circumstances.
Creative Peripherals and Distribution Limited
Registered Office: 3[rd] and 4[th] Floor, Plot No 137AB, Kandivali Co Op Industrial Estate Limited, Charkop, Kandivali West, Mumbai – 400 067 | Tel. : 91-22-5061 2700 | Email: [email protected] | Website: www.ecreativeindia.com | CIN: L52392MH2004PLC148754