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Tyche to launch solutions package

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Priyanka Sangani Mumbai
Tyche Peripherals, which recently announced a tie-up with NCR Corporation, USA for their retail solutions, is now looking at providing a complete solutions package to retailers.
 
Ram PGS, executive chairman, Tyche Peripherals Systems said that the company would approach retailers with a package, which would include front-end billing systems, cash collection systems, security surveillance and fire solutions.
 
The NCR products include point-of-sale systems and kiosks.
 
Tyche is also in talks with a UK-based company to enter into a similar agreement for fire fighting solutions, which would be unlike the existing systems where sprinklers or carbon dioxide is used.
 
"By offering a complete solution to companies, we become a one-stop shop for the retailers. It is easier for them since they have to deal with just one company for maintenance, or any other issues which may arise," explained Ram.
 
The tie-up with NCR, which provides retail solutions for 80 per cent of the global retailers like Walmart, will provide a boost to the offerings provided by Tyche.
 
Going ahead, Ram said that the bulk of the company's revenue would come through the retail and banking segment.
 
The company closed the last year with revenues of Rs 35 crore and is looking at touching Rs 50 crore this year.
 
In addition to this, Tyche is developing a range of products in the home security segment including surveillance cameras, which would pick up unauthorised movement, say in a shop, post the closing hours and immediately give off an alarm.
 
The company is all set to introduce solar water heaters and solar power security fences in India.

 
 

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First Published: May 25 2006 | 12:00 AM IST

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