VXL Instruments Share Price

Incorporated in February 1986, VXL Instruments Limited became public in year 1993. It was promoted by a team of technocrats, A V Kasargod, M V Nagaraj and J R Mundkur. The Company manufactures terminals, having the installed capacity of 80,000 p.a., for the computer peripherals industry. Presently, it is engaged into manufacture and trading of data processing units and development of software.The Company came out with a public issue in Feb.94 at a premium of Rs 60 to set up an electronic hardware technology park and to expand the production capacity of the existing unit. It set up a subsidiary in the UK, VXL Instruments, U.K., to market its products in the UK and Western Europe, which as a result doubled its sales turnover.In 199596, the company was appointed as the sole distributor for India by EMC Corporation, US, a company with the largest market share in data storage business. The company developed a computer terminal incorporating the best features of leading international brands. Other new products in advanced stages of development include LAN terminals, SVGA color monitors, monitors for special applications and networking products. The company acquired the terminal server technology from Godrej Boyce.To capture the overseas market the company has formed Joint Venture Company VXL International FZ LLC in Dubai Free Zone with offices in Dubai Internet city in 202324.

For the full year FY2016–2017, revenue reached ₹69.63 crore and profit touched at ₹-4.57 crore.