TPV Technology appoints Redington Limited as its distribution partner for India
~The strategic partnership is in
line with the core objective to structure, build, and aggressively scale TPV’s
partner network ~
National, 27th March 2024: TPV Technology Limited, the world's largest LCD manufacturer,
has announced the appointment of Redington Limited, a leading distribution and
supply chain solutions provider, as its strategic distribution partner for
India. This collaboration aims to strengthen the distribution network for AOC
in key North and East Indian markets, while Philips monitors will be
distributed in India. Through this partnership, TPV aims to enhance its
presence in the region by strategically organizing, constructing, and actively
expanding its partner network across the country.
The move comes in line with the
TPV's goal of meeting local market demands and ensuring the availability of its
innovative monitor solutions portfolio. Redington shall be responsible for
leveraging its extensive network and resources to distribute TPV’s monitor
solutions across India, with a particular focus on the growing gaming industry
in the region. With the partnership, TPV's primary focus is to aggressively
expand its partner network across India.
Commenting on the partnership, Carol Anne Dias, Managing Director, TPV
Technology – AOC &
Philips
Monitors said,
"We are thrilled to introduce our world-class high-end non-gaming as well
as gaming monitor solutions. For Philips the focus will be on its entire range
of monitors, our gaming range comes with 100 Hz, focus will be on pure monitors
all above 22 inches in the Indian market. We aim to establish a strong foothold
across the nation and capitalize on the burgeoning gaming and professional
monitor display sector. Through our partnership with Redington, we are
confident in our ability to provide unparalleled access to our innovative
products, empowering users with cutting-edge technology and immersive gaming
experience.”
Currently, the gaming monitor
industry is experiencing notable growth in the Indian market, with estimates
indicating a market value of $3.1 billion in FY23 and a projected increase to
$7.5 billion by FY28. This growth is driven by the growing popularity of
esports, an expanding gamer base, and the availability of affordable gaming
displays. TPV Technology is poised to capitalize on this opportunity, aiming to
enhance the growth of AOC’s premier gaming monitor sub-brand, AGON by AOC,
which currently holds the top position globally according to the Q3/2023 IDC
Quarterly Gaming Tracker report.
Commenting on the new role and
responsibilities, Raghu Ram, Senior Vice
President, of Endpoint Solutions Group, Redington Limited said, “We are
excited to join hands with TPV technology to enhance the availability of their
award-winning AOC and Philips monitor portfolio in India. From experiencing
true color, and brilliant interactive display innovations, to the smoothest and
most immersive gameplay possible on next-gen consoles. TPV’s innovative monitor
range is geared to meet all of India’s dynamic digital transformation and
consumer needs. With this partnership, we aim to cater to the diverse needs of
creators and gamers alike, bringing Philips and AOC’s cutting-edge technology
to a wider audience across India. Together, we are poised to elevate the content
creation and gaming experience for enthusiasts throughout the region.”
Redington boasts an extensive
portfolio of multiple international brands and a robust network of all channel
partners, driving digital transformation in India. Additionally, Redington will
empower and train channel partners and resellers through in-region sales,
enablement, and training workshops, and upskill its partners to cater to end
customers with a wide gamut of products and services.
The agreement signifies a significant step forward for both TPV Technology and Redington in their mission to deliver cutting-edge monitor solutions to customers across India.
-ends-
About TPV
Technology Limited:
TPV Technology Limited is a leading display solutions provider. The Group designs and produces a full range of PC monitors and LCD TVs on ODM basis for its distribution worldwide. TPV's products add value to the customer through cost leadership, timely delivery and superior quality. The Company has been listed on both Hong Kong and Singapore stock exchanges since October 1999.
About AOC:
Founded in 1967, AOC is a globally
leading monitor and IT accessories brand and a subsidiary of TPV Technology
Limited, the world's largest LCD manufacturer. AOC's comprehensive product
portfolio provides innovative, ergonomic, environmentally conscious and stylish
solutions for professional as well as personal applications.
The sub-brand of AOC, AGON by AOC,
offers one of the strongest portfolios of high-performance gaming monitors in
the world and a complete ecosystem of gaming accessories grouped in three
categories: AOC GAMING for core gamers, AGON for competitive gamers and AGON
PRO for esports enthusiasts and professional esports players. Since 2020 AGON
by AOC has been one of the leading gaming monitor brands and a top choice of
gamers worldwide.
About Philips Monitors:
Philips was founded in 1891 in the Netherlands, and has since engaged in more than a century of innovation and entrepreneurship. Thanks to the company developing timeless business values, Philips has become one of the most highly recognized and trusted brands in the world today. This comes from a tradition of caring about people’s needs, innovating based on everchanging insights, and working to make a positive change in people’s lives – traditions as meaningful now as they were in the company’s beginnings.