| type = public company ( bse : 532541 ) ; ( nse : niittech ) | founder = rajendra s. pawar vijay k. thadani | key _ people = arvind thakur ( chief executive officer & joint managing director ) niit technologies limited ( bse : 532541 ) is an it organization , with customers in north america , europe , asia and australia .

it offers services in application development and maintenance , infrastructure management services , ip asset or platform solutions , and business process outsourcing to organizations in the financial services , travel and transportation , manufacturing , distribution , insurance & media sectors .

niit technologies

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niit technologies ltd said it has agreed to acquire a 51 % stake in incessant technologies for an undisclosed sum .
incessant technologies pvt . ltd , a subsidiary of software services provider niit . . .
a survey conducted by market researcher pac and sponsored by niit technologies reveals how the . . .
niit technologies , with extensive industry skills and knowledge , helps you validate your sabre . . .
from today we will start consolidating revenue of proyecta with niit technologies ,
thakur added .
niit is a good company for work . somany things teach in work with niit .
niit technologies on tuesday announced acquiring 51 per cent stake in hyderabad - based incessant technologies for $ 17 million ( about rs . 107 . 8 crore ) .
niit technologies q4 profit jumps 17 % to rs 97 . 3 cr ; q4 order inflow at $ 145 mn
it company niit technologies today acquired spainish software services firm proyecta sistemas de informacion sa for for $ 7 million .
niit technologies ' europe , middle east and africa ( emea ) operations contribute 35 % to its global revenues .
niit technologies is a leading it solutions organization , servicing customers in north america , europe , asia and australia .
shares of niit technologies rose 12 . 2 % to rs401 . 80 on bse . photo : pradeep gaur / mint
niit technologies is a leading global it solutions organization - servicing customers across the americas , europe , asia and australia .
the acquisition enables niit technologies to enhance its european footprint with proyecta ' s experience in travel and financial services segments .
according to our data here at mergr , niit technologies has acquired 3 companies , including 1 in the last 5 years .
niit technologies’ largest acquisition to date was in 2006 , when it acquired room solutions for $ 53m . niit technologies has acquired in 3 countries . the company’s most targeted sectors include information technology ( 67 % ) and software ( 34 % ) .
mid - sized it services firm niit technologies ltd has signed a definitive agreement to acquire 51 per cent stake in business process management ( bpm ) services company incessant technologies pvt ltd , it said on tuesday .
shares of niit technologies closed today at rs 196 . 25 , up by 2 . 53 % from previous close on the bse today .
niit technologies revised details of the postal ballot and e - voting pursuant to regulation 44 ( 3 ) of sebi ( listing obligations and disclosu . . .
mr . thakur added that going forward the company would be focusing on digital space . digital business currently contributes about nine per cent of niit technologies’ revenues .
artificial intelligence ( ai ) technologies have rewritten how businesses are run in the digital . . .
we will end up paying 70 % of the revenue [ for acquisition ] which is $ 7 million ,
arvind thakur , ceo , niit technologies , said .
at niit technologies , we provide focused offerings , such as application development and maintenance , application managed services , digital services , infrastructure management services , mobility , and testing services .
niit technologies ltd . , incorporated in the year 1992 , is a mid cap company ( having a market cap of rs 6782 . 30 crore ) operating in information technology sector .
shares of niit technologies were trading at rs 380 . 35 each , down 5 . 34 per cent on bse in a weak mumbai market on wednesday at 11 . 47 am .
new delhi : mid sized information technology ( it ) firm niit technologies ltd has announced a joint venture with morris communications , us - based media conglomerate , marking its entry into the media vertical . named niit media technologies incorporated , the joint venture , in which niit will have 60 % stake , will provide integrated it and business process outsourcing ( bpo ) services the group companies of morris and is also targetting to service other media companies .
niit tech closes above 30 - day , 50 - day moving average today .
niit tech closes below 30 - day moving average of 1090 . 00 today .
niit tech closes above 30 - day moving average of 1072 . 42 today .
niit tech closes above 30 - day moving average of 893 . 29 today .
niit tech closes above 30 - day moving average of 888 . 43 today .
niit tech closes above 30 - day moving average of 883 . 39 today .
niit tech closes above 30 - day moving average of 878 . 54 today .
niit tech closes above 30 - day moving average of 871 . 14 today .
niit have struggled to take advantage of the ip they purchased when buying room .
niit said the entity is expected to be margin and eps accretive in fy16 .
wealth management has been one of the industries slowest to adopt smart technologies . yet , as . . .
“incessant provides us with the capability to be a significant player in the digital integration space with digitisation and automation of business processes for seamless customer experience , ” niit technologies coo sudhir chaturvedi said .
niit technologies intelligent automation framework , in partnership with a leading european robotic technology firm ( uipath ) provides robotic process automation ( rpa ) services , including development and deployment through a robust rpa delivery methodology .
“incessant provides us with the capability to be a significant player in the digital integration space with digitisation and automation of business processes for seamless customer experience , ” said sudhir chaturvedi , coo , niit technologies .
in some sectors , niit technologies has developed ip assets to offer platform - based services , and where it does not have them , it has elected to partner with the owners of those ip assets .
we have an ecosystem of partners that enables us to develop new capabilities and allows us to invest in our customers to support their change - and - run organizations . niit technologies’ partner ecosystem includes the likes of appdynamics , dynatrace , aws , azure , ca technologies , micro focus - suse , vistara - it , and bmc remedy .
join mergr and gain access to niit technologies’ m & a ; summary , the m & a ; summaries of companies just like it , as well as recent m & a ; activity in the information technology sector .
niit tech q4 pat seen up 8 % qoq to rs 81 . 8 cr : motilal oswal
niit ltd said on tuesday it has acquired bengaluru - based ed - tech startup . . .
management is 40 years back and they don ' t care about current technologies and frameworks . they mean business and money only .
at niit technologies , we have built our reputation for delivering excellence to some of the world’s leading airlines , airports , travel distribution , and surface transportation companies with strategic it initiatives , which impact both their top and bottom line .
niit technologies is a global it solutions organization addressing the requirements of clients across the americas , europe , asia , and australia . niit technologies services clients in travel and transportation , banking and financial services , insurance , manufacturing , and media verticals , offering a range of services , including application development and maintenance , infrastructure management , and business process management . focused on digital services , the company is helping businesses design agile , scalable , and digital operating models .
niit technologies can help banks and financial service firms adopt this new digital operating model , along with its services , solutions , and alliances . with the right blend of industry and technology expertise , we help your business transform faster while remaining profitable .
niit technologies had bagged this rs 229 - crore project last year . under the seven - year project , network connectivity has been extended up to bsf’s battalion level and it has also set up a data centre and disaster recovery centres in different seismic zones .
differentiated on the strength of its industry expertise , niit technologies services clients in travel and transportation , banking and financial services , insurance , manufacturing and media verticals , offering a range of services including application development and maintenance , infrastructure management , and business process management .
incessant reported a revenue of $ 13 . 9 million in fy14 , and is estimated to report a revenue of $ 17 million for fy15 . “the entity is expected to be margin - and eps - accretive in fy16 for niit technologies , ” the firm said .
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niit technologies might not come across as an exciting company in the indian software industry today , an emerging star like a young cognizant or a mindtree . yet , its evolution in just the last three years could make it an example of how a software company successfully adapts with changing times .
the centre will be in augusta , georgia in the us and will mark niit fourth centre in the us . thakur also said since it is “low - cost centre” , it could be used for servicing niit’s other customers as well , if need be .
industry leading processgym sm , which is niit technologies’ consultative approach , designed to identify and eliminate waste , achieve optimum service delivery , and provide best - in - class service . it facilitates creation of a framework that helps reduce costs and defects , improve productivity , and reduce time - to - market .
for example , niit technologies has deployed cargo - handling systems across some major airports in the asia pacific region ( beijing , taiwan and hong kong ) , in partnership with singapore airport terminal services ( sats ) . in partnership with sats , it is now taking these solutions to other markets as well . niit tech in july , 2011 , had signed an $ 85 - million partnership agreement with georgia - based morris communications . under the terms of the agreement , the media company transferred its key assets including it infrastructure , people and applications landscape to niit technologies . this jv with morris started realising revenues from september 2011 and has contributed about rs 243 million to the revenues in q3fy12 . during q4 , the jv realised revenues of rs 245 million .
niit technologies is a leading it solutions organization , servicing customers in north america , europe , asia and australia . it offers services in application development and maintenance , enterprise solutions including managed services and business process outsourcing to enterprise in the financial services , travel & transportation , manufacturing / distribution , and government sectors . our domain strengths , new approaches to customer experience management robust outsourcing capabilities , and dual - shore delivery model , have made it a preferred it partner to over 220 clients across 16 countries in these select verticals . with a talent pool of about 8000 professionals , niit technologies follows global standards of software development processes .
niit technologies is a full - spectrum integrated business process services ( bps ) provider . we have adopted a customer - centric approach to bps . whether it is a unified solution - process excellence or an integrated it - bpo solution , niit technologies has developed a business model that delivers a strong and strategic partnership . our integrated service framework helps us re - engineer processes , resulting in cost rationalization , productivity enhancement , and service quality improvement for our clients in focus verticals such as travel and transportation , banking , financial services and insurance , and media from our delivery centers located in the americas , india , and the philippines .
at niit technologies , we challenge the way it infrastructure is built , operated and managed . we are at the heart of 80 + smart enterprises which are transitioning to the new age . we have built a strong service culture for personalized services which help us go beyond meeting high service levels to deliver empathetic experiences .
competitive business dynamics and the imperative to deliver connected experiences , have fuelled the need for industry players to transform and increase customer intimacy , employee productivity , and operational efficiency . niit technologies , with over two decades of experience and deep domain expertise can help enterprises leverage technology to deal with industry challenges in differentiated and cost - effective ways .
niit technologies , a leading global it solutions organisation offers application development and maintenance services , infrastructure management services , ip asset or platform solutions and business process management to organisations in the financial services , travel and transportation , manufacturing / distribution and government sectors . it serves the customers in the us , europe , middle east , asia and australia .
“this acquisition is a strategic move for us to grow in the digital space . incessant is valued at about $ 17 million and we will would be investing the same amount for 51 per cent stake , ” he said , adding that niit technologies will gradually go on to acquire the remaining stake in the company over a period of time .
i was working at niit as faculty in ict project . i was working from 16july 2011 to 30nov 2013 . my exprearnce was good .
niit technologies ltd . key products / revenue segments include sale of services which contributed rs 1587 . 50 crore to sales value ( 99 . 52 % of total sales ) and software & others which contributed rs 7 . 60 crore to sales value ( 0 . 47 % of total sales ) for the year ending 31 - mar - 2017 .
“one of the key elements has been to transform itself from a generic service provider to a specialised domain - focused player , ” says vishal jajoo , senior research analyst from nirmal bang . niit technologies began to focus on select verticals such as travel , insurance , banking and financial services and started acquiring intellectual property ( ip ) assets and niche capabilities in those verticals . “we believed in being the best ( in select verticals ) , and being big enough in contrast to being the biggest and good enough ,
said arvind thakur , ceo niit technologies . the travel , as well as insurance and financial services verticals have been contributing 90 per cent of the company’s incremental growth in the past few quarters .
srishti anand of brokerage firm angel broking said that it is “good to diversify” for niit which is too concentrated on travel vertical . “the media sector has started spending significantly on it as companies are looking at digital consumer behaviour , online portals and digitisation etc . ” she added that companies such as hcl technologies which have been focussing on the vertical have been doing very well .
now , the company says the focus on growth , especially the inorganic kind , will be ratcheted up a few notches . with an executable order book of $ 243 million , mid - cap it firm niit technologies is now setting its eyes on larger deals . the company has formed a team called the ' elephant hunters ' , who would be identifying and pursuing significant transformational opportunities .
as part of its strategy to invest in future growth , niit technologies increased its spend on sales and marketing considerably in the last three years . it spends 1 . 5 per cent of its revenues on sales and marketing , which is much higher than its other mid - cap peers . while the headcount pyramid remained flat , the company increased its international sales team by 20 per cent last year .
explaining the rationale behind the move , arvind thakur , ceo of niit said for the company the partnership means an entry into the “emerging” media sector , in which niit is currently not present . ”the domain know - how of the media sector is coming completely from morris , which will help us tap into other companies as well , ” he said .
niit tech block deal on nse , qty : 58 , 307 , deal price : 987 . 70 , value ( cr ) : 5 . 76 , time : 10 : 54am
entering new territories the diversification into newer geographies has also helped . in 2008 - 09 , the company used to get 50 per cent revenues from europe , west asia and africa ( emea ) . now , niit tech has a balanced mix . it gets 37 per cent revenues from the us , 37 per cent from emea , 13 per cent from asia pacific and rest from other geographies including india . as arvind mehrotra , president asia pacific , niit technologies puts it , “the way we approach an acquisition has changed . we are looking at acquisitions to give us entry into newer geographies or areas of operations . ”
does this mean they can’t aspire towards the big leagues ? “whether niit technologies can catapult itself into the billion - dollar bracket would largely depend on its capabilities to develop expertise in the upcoming areas such as cloud , mobility and business analytics . the last phase of growth came from increase in the $ 25 - 100 million deals but the next phase of growth would be driven by expertise in these specific areas ,
added the analyst .
niit technologies adheres to major global benchmarks and standards , having secured the iso 9001 : 2000 certifications and the iso : 27001 information security management accreditation and follows global standards of development . it has been assessed at level 5 of sei cmmi version 1 . 2 . our business process outsourcing arm conforms to the highest quality standards such as copc and six sigma . its data center operations are assessed at the international iso 20000 it management standards .
niit tech block deal on nse , qty : 50 , 150 , deal price : 1 , 101 . 20 , value ( cr ) : 5 . 52 , time : 09 : 22am
so , what does the future hold for niit technologies ? “the new deal additions and acquisitions may stress the balance sheet of the company . it has a cash reserve of $ 40 million and an order book of $ 243 million . its increased focus on government deals is good , but government deals usually locks in a lot of cash , which is a concern ,
said a senior research analyst with a mumbai - based brokerage firm .
steve k . stone , senior vp and cfo of newspapers and shared services at morris communications said in a statement issued by niit that the partnership will significantly reduce the company’s costs of operations and services . morris’ group companies were earlier being serviced out of in - house firm in the us and post the partnership , the work can be outsourced to niit’s operations in india , which will make it cost effective .
to start with the partnership will result in a revenue of $ 85 million for niit over a period of five years from servicing morris companies . the venture will entail a total investment of $ 3 . 2 million out of which niit will invest around $ 2 million through cash infusion while morris’ contribution will be through transfer of its exiting assets – it infrastructure , people and application landscape — to the new entity .
insurers face multiple challenges today—new regulations , a millennial customer base , and the speed - to - market of innovative solutions , all creating the need to refresh core systems and drive the effective use of big data . niit technologies , with deep and enduring relationships with global insurance players across geographies and over two decades of experience in providing a range of technology services , offers an entire suite of it , bpm , and digital services that caters to the evolving needs of the insurance industry .
manufacturing companies are evaluated based on their resilience in the industry . this means greater emphasis on business efficiencies , but given the labor - intensive nature of the industry , efficiencies based on technology alone are insufficient . a strategy that balances global technology with local innovation is crucial for growth . nobody understands this better than niit technologies . with our experience in understanding both technological and cultural nuances , we have helped our global clientele make sound decisions about the deployment of automated , transparent , and integrated information management systems across their value chain .
our subject matter experts have deep domain experience in delivering solutions across different platforms and technologies , ranging from the tried and tested to the upcoming . with over 50 + global clients , we provide end - to - end services and solutions , including legacy support and maintenance , legacy modernization , predictive analytics , portals , mobile apps , and the internet of things across the following segments :
the company posted a net loss of rs . 17 . 50 crore for the quarter ended march 31 , 2015 , against a profit of rs . 61 . 90 crore in the year - ago period , due to exceptional expenses of rs . 80 crore on account of dispute settlement . “a dispute had arisen between one of the company’s subsidiaries and its client in the asia pacific region . the dispute was resolved by concluding a settlement agreement which released the company of its obligations towards execution of the programme , ” niit technologies chief executive officer arvind thakur said . he added that the financial impact of this one - off event during the quarter was rs . 80 crore . consolidated revenues rose 3 . 9 per cent to rs . 611 . 20 crore in the january - march 2015 period . the board recommended rs . 9 . 50 per equity share as dividend for 2014 - 15 .
acquisitions niit tech has also used acquisitions to help it accelerate from a four per cent yoy revenue growth in 2009 , to a 28 per cent yoy revenue growth in 2012 . in august 2011 , it acquired spanish software services firm proyecta sistemas de informacion sa for $ 7 million to strengthen its capability in the travel vertical . proyecta sharply focuses on two segments : travel and financial services . almost 68 per cent of its revenues come from the travel vertical .
post - 2009 , niit tech decided to adopt a strategy of ‘focus and differentiate’ . this meant undertaking three transformational steps — focusing on just a few verticals and becoming a specialist in those segments , chasing geographic diversification and thirdly , investing in future growth which includes sales and marketing as well as strategic acquisitions . at the rate it’s going , the goal of eventually becoming one of indian it’s heavy hitters may not be wildly as improbable as it may have been three years ago .
niit tech is in the computers - software sector . the current market capitalisation stands at rs 6 , 782 . 30 crore . the company management includes rajendra s pawar - chairman & managing director , arvind thakur - vice chairman & mng . director , vijay k thadani - promoter non - exe . director , surendra singh - independent director , amit sharma - independent director , ashwani puri - independent director , holly jane morris - independent director . it is listed on the bse with a bse code of 532541 and the nse with an nse code of niittech . its registered office is at 8 , balaji estate , first floor , , guru ravi das marg , new delhi , delhi - 110019 . their registrars are alankit assignment ltd .
, while the benchmark sensex shed 0 . 18 % to 27 , 440 . 14 points .
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the banking and financial services industry recognizes that the “uber moment” in financial services is approaching . technology is “an unstoppable force” that could improve customer service , risk management , and efficiency , as well as see new banks become household names .
while making these points , antony jenkins , former ceo of barclays , also warned that incumbents risk becoming merely capital - providing utilities that operate in a highly regulated , less - profitable environment , a situation unlikely to be tolerated by shareholders .
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experience in serving 150 + financial institutions , us $ 1 . 5 trillion + aum , 6 , 000 + advisors , and 1 . 5 million + end customers through our clients
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we have focused offerings such as application development and maintenance , application managed services , digital services , infrastructure management services , business process services , and testing services .
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considering that there is transfer of assets involved , the revenues from the deal will start accruing from the october - december quarter of the current fiscal , thakur said .
we understand the challenges posed by a need for continuously enhancing customer satisfaction along with reducing operational costs and increasing revenues . to that end , we partner with all of our clients , bringing our innovative solutions , stringent quality standards , highly skilled domain - focused resources , and investments in technology to the engagement . we also use proprietary tools and frameworks to add value to our clients . our offerings include :
termsmonitor tm , our in–house developed workflow management tool , provides real - time monitoring and performance dashboards .
k - portal ( a knowledge support system ) enables capture of process knowledge for continuous process improvement .
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for a smart enterprise , business and it are two sides of the same coin . the traditional expectation from it is to consistently enable high performing businesses . it infrastructure services plays a critical role in delivering to this expectation . however a smart enterprise expects much more .
we take an application - centered approach while delivering infrastructure services . leveraging own ips , new age toolsets and using innovative processes , we bring in intelligent automation across the service delivery landscape and enable smart it operations .
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focused on digital services , the company is helping businesses design agile , scalable and digital operating models .
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we are a value - led organization with a corporate governance philosophy that emphasizes consistent adherence to the highest standards of ethics , transparency , and accountability .
this web page is a part of our efforts to keep our shareholders informed about our operations , business performance , and financial results . we welcome any suggestion , feedback , or query that you may have , which can be directed to our investor relations team .
we help insurers modernize legacy systems , leverage digital legacy integration services , reengineer business processes to enhance business agility , improve operational efficiency , reduce costs , and improve margins , thus injecting new efficiencies into their systems , helping them monetize new channels , and preparing them for changing business imperatives .
end - to - end testing ( functional , non - functional requirements , mobile , etc . )
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1 . nice policies for employees 2 . flexible timings for work 3 . no extra stretching for work 4 . work can be done easily , good culture good people
good for freshers , they can understand the features and processes of a cmm levell 5 company . it is a good name in the marked , therefore provides good point to your resume
most of the projects are support and maintainence . career of a person may be spoiled in this company as his primary skills may be compromised by the management .
less projects . large number of people in pool . management is not good .
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separate product from services , they require a different approach and the cost of product delays cost the company twice over .
effectively a body - shop rather than an it services partner . very little effective internal communication . very asian - minded . out - dated offices and facilities . little independence from delhi hq in many matters .
act more as a european company . hire more non - indian managers . communicate more effectively with staff .
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for the quarter ended 31 - 03 - 2018 , the company has reported a consolidated sales of rs 788 . 80 crore , up 4 . 27 % from last quarter sales of rs 756 . 50 crore and up 5 . 92 % from last year same quarter sales of rs 744 . 69 crore company has reported net profit after tax of rs 97 . 30 crore in latest quarter .
the company’s top management includes mr . amit sharma , mr . arvind thakur , mr . ashwani puri , mr . rajendra s pawar , mr . surendra singh , mr . vijay k thadani , ms . holly jane morris . company has price waterhouse as its auditors as on 31 - 03 - 2018 , the company has a total of 61 , 456 , 124 shares outstanding .
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founded in 2007 , hyderabad - based incessant has offices in us , uk , australia and canada . the firm focuses on enabling its clients to automate and integrate back end systems with a digital front end . it currently has over 300 consultants and has more than 20 clients .
for the year ended march 31 , 2014 , the company generated revenues of $ 13 . 9 million and is estimated to have ended fy15 with top - line of $ 17 million .
this is the first such strategic m & a deal in almost three years . in september , 2012 , it had acquired us - based sabre holdings’ philippines development centre .
for the quarter ended march 2015 , the firm had a consolidated revenues of rs 611 . 2 crore , up 3 . 9 per cent over the year - ago period . the firm reported net loss of rs 17 . 5 crore as against net profit of rs 61 . 9 crore in q4 fy14 .
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tapasya corp heights , plot no . - 5 , noida , 201301 india , + 91 120 711 8400 urltoken
when analyzing the information technology sector as a whole , according to mergr , in the last 3 years , there are 1122 information technology companies that have made at least 1 acquisition , 62 have acquired at least 5 companies , and 11 have acquired more than 10 companies . the most prolific strategic information technology acquirer over the past 3 years is accenture , with 34 acquisitions . the most prolific private equity acquirer in the information technology sector over the past 3 years is h . i . g . capital with 12 platform acquisitions .
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in 2009 , the company found itself , like many others , confronting a worldwide recession . it had also incurred huge hedging losses of around rs 60 crore . yet , its most difficult decision was something that confronts almost every software player in india today — namely , how to migrate from a linear model that involves growing revenue in direct proportion to headcount to something higher up on the value chain .
“moreover , 2009 made us look at the indian market . in that space we signed a large deal with the border security force ( bsf ) for its “intranet prahari” project . the deal not only helped us get inroads into future government deals but also catapult us into the large deal league , ” says mehrotra .
sales and marketing push besides deepening its vertical focus , the company also enhanced its focus on the sales and marketing team . the company hired seasoned marketing professional , deepak khosla , as the global head of sales and marketing last year , with the objective to sharpen its sales focus .
khosla , who has years of marketing experience with patni computers systems ( now igate patni ) , hcl and others , realised that mining existing clients is as important as acquiring new one . apart from various other initiatives , khosla focussed on customised marketing initiatives or account - based marketing for select clients . this paid off as business from the top 10 clients grew by 39 per cent within a year .
“we will be actively pursuing large deals upwards of $ 25 million and have already put a team in place to identify such deals ; $ 25 million is our sweet spot as the number of $ 100 million deals has remained static post 2009 ,
says ceo thakur .
going forward , the company has already identified key areas that will add specificity to its growth — mobility , analytics and cloud computing .
“we have three clear horizons . the first , is the current revenue generators like application development and others the second , are the ones where we have made investments in 2009 and are now paying off and the third is the area where we are investing now , which includes cloud computing , analytics and mobility ,
said thakur .
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he said the company had revenue of $ 10 million in last financial year and has ebidta [ earnings before interest , taxes , depreciation and amortisation ] of 10 % .
the company sharply focuses in two segments , travel and financial services . its 68 % revenue came from travel vertical . this is going to add to our expertise and at same time give us local presence in europe ,
thakur said .
he said countries in the europe mainland were very unique in nature and local presence was required for good experience of customers .
headquartered in madrid , proyecta , with over 100 consultants that industry players in business intelligence , web and mobility applications .
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our vision is to be the ‘first choice’ of customers in its chosen verticals . we implement the philosophy of ‘focus and differentiate’ that enables us to compete on the strength of our specialization . our path breaking innovations and tailored made solutions help customers improve time - to market and realize quick return on investment ( roi ) from their it implementations .
awards and accolades have been an important part of our organization’s success story . the company has bagged several recognitions at the indian and global levels . these are related to the company ' s industry performance , its leadership in the area of outsourcing , its headway in specific industry verticals and its robust hr practices .
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the mg rover group was the last domestically owned mass-production car manufacturer in the british motor industry .

the company was formed when bmw sold the car-making and engine manufacturing assets of the original rover group to the phoenix consortium in 2000 .

during that year nanjing merged with saic motor ( the largest vehicle manufacturer in china ) .

during 2009 the uk subsidiary was renamed mg motor uk .

the mg tf was manufactured at the former mg rover longbridge plant and sold within the uk from 2008 - 2010 .

in 2011 the first all new mg for 16 years ( the mg 6 ) was launched in the uk ( assembled at the longbridge factory ) .

during 2013 a super-mini was added to the line up ( the mg 3 ) , this went on to help mg motor become the fastest growing car manufacturer within the uk in 2014 .

the rover brand , which had been retained by bmw and licensed to mg rover , was sold to ford , which had bought land rover from bmw in 2000 .

the rights to the dormant rover brand were sold by ford , along with the jaguar cars and land rover businesses , to tata motors in 2008 .

mg rover group

mg zs 180 mg rover group picture of mg zs 180 ~ mg rover group mg zs 180 mg rover group mg rover was the last domestically owned mass - pr . . .
mg rover group ltd mg tf 120 stepspeed ( 2003 , 1 . 8l )
mg rover group ltd mg tf 120 stepspeed ( 2002 , 1 . 8l )
mg rover holdings also includes mg sport and racing ltd , mg rover property ltd and mg heritage ltd .
papers of rubery owen holdings ltd and predecessors ; papers of subsidiary companies including : darlaston group ; conveyancer group ; domestic equipment group ; fasteners group ; distributors group ; c & l hill group ; other subsidiary companies .
mg rover group mg tf 135 ( from vin rd617391 ) ( 2006 , 1 . 8l )
mg rover group mg tf 135 ( from vin rd617391 ) ( 2005 , 1 . 8l )
mg rover group mg tf 135 ( from vin rd617391 ) ( 2004 , 1 . 8l )
may 2000 : the rover group is sold to the phoenix consortium for £10 and becomes the mg rover group . only longbridge remains in rover’s hands – mg rover’s cars include standard rovers and sporty mg alternatives .
mg rover group mg tf 120 stepspeed ( from vin rd617721 ) ( 2006 , 1 . 8l )
mg rover group mg tf 120 stepspeed ( from vin rd617721 ) ( 2005 , 1 . 8l )
mg rover group mg tf 120 stepspeed ( from vin rd617721 ) ( 2004 , 1 . 8l )
in the report and this release , the terms “mg rover” and “the company” cover mg rover group ltd and powertrain ltd .
margaret thatcher fails to sell austin rover to ford . it is renamed rover group
mg zs 180 mg sa saloon picture of mg zs 180 cars mg zs 180 mg sa saloon the mg sa or mg 2 - litre was a sports saloon produced by the mg c . . .
save mg rover group to get e - mail alerts and updates on your ebay feed .
the phoenix consortium put mg rover group into administration and the factory ' s 6 , 000 workers are asked to go home . later that month the mg rover group goes into receivership .
mg rover group ' s innovative promotion provides ' free fuel until 2004 ' for customers buying mg and rover cars registered before 31 march 2003 .
aston villa and mg rover group have announced a shirt sponsorship deal for the next two seasons .
administrators for mg rover group ltd . have said that the collapsed british automaker has been bought by chinese carmaker nanjing automobile ( group ) corp .
administrators for mg rover group ltd . said friday that the collapsed british automaker has been bought by chinese carmaker nanjing automobile ( group ) corp .
china ' s nanjing buys u . k . ' s mg rover group - the globe and mail
mg zs 180 mg r - type midget picture of mg zs 180 cars mg zs 180 mg r - type midget the mg r - type midget was produced by the mg car company . . .
mg rover sells large chunk of longbridge site . mg rover and shanghai automotive industrial corporation sign cooperation agreement . mg rover announces plans for £1bn joint venture with saic
mg zs 190 mg va saloon picture of mg zs 190 cars mg zs 190 mg va saloon the mg va , or mg 1 . 5 litre as it was originally marketed , was pr . . .
mg zs 180 mg j - type midget picture of mg zs 180 cars mg zs 180 mg j - type midget the mg j - type was produced by the mg car company from 19 . . .
mg zs 180 mg 14 / 28 picture of mg zs 180 cars mg zs 180 mg 14 / 28 the mg 14 / 28 super sports was the first car produced by the mg car compan . . .
for a transitional period a rump workforce will continue to be employed by mg rover group and engine maker powertrain .
mg rover group limited . free business summary taken from official companies house information . free alerts . registered as 01595268
in 1988 bl became the ' rover group ' and a subsidiary first of british aerospace and then the bmw group . this led to a brief but interesting revival of fortune during the nineties . the rover and mg marques then fell into the hands of the phoenix consortium and became the mg rover group , although the rover name officially remained the property of bmw , which licensed its use . in 2005 , the mg rover group began insolvency proceedings .
mg rover ' s ownership of powertrain will bring back together two parts of the old rover group which was broken up by bmw last year .
mg zs 180 mg f - type magna picture of mg zs 180 cars mg zs 180 mg f - type magna the mg f - type magna was a six cylinder engined car produce . . .
xpart ltd , a sister company of mg rover group , has announced an industry leading parts guarantee programme that will provide customers of new mg and rover cars with peace of mind .
mg rover group , uk retail sales director , terry hunt commented :
this is a marriage between the midlands’ premier car manufacturer and premier football club – and is testament to how far mg rover group has progressed over the last two years .
after the collapse of mg rover in 2005 , the rover brand disappeared , but the more valuable mg name was purchased and saved by chinese company saic who now manufacture cars in the mg rover longbridge plant under the ‘mg motor’ brand .
ford is to buy land rover from bmw , completing the german company ' s break - up of the rover group .
bmw picked off the mini brand in 2000 as the rover group was stripped of its more valuable brands before finally going under in 2005 . bmw had owned the rover group overall since 1994 .
the rover report runs to more than 830 pages and details restructuring changes within mg rover group under the
phoenix four
which led to the creation of 33 companies .
on july 5 , 2009 , bbc online news reported an investigation by the local authorities about the demise of mg rover group back in 2005 .
welcoming the new dealership appointments , john jarvie , mg rover group head of dealer franchising said :
we are pleased that dealer groups already working with mg rover group are keen to extend their relationships . the appointments reflect the high level of confidence in the mg rover franchise along with the knowledge of incremental business opportunities that will result from future product introductions .
bmw ( uk ) limited , mg rover group , lloyds banking group plc , standard chartered plc and others v the commissioners for hm revenue and customs : [ 2016 ] ukut 0434 ( tcc ) - gov . uk
mg rover was formed from the parts of the former rover group volume car production business which bmw sold off in 2000 due to constant losses and a declining market share . bmw had acquired the rover group from british aerospace in 1994 and had since sold the land rover business to ford , and split - off the mini business as a new bmw subsidiary based in cowley . mg rover took control of the remainder of the former rover group volume car business , which was consolidated at the longbridge plant .
john sanders , sales and marketing director , mg rover group said :
this is another example of mg rover ' s innovative marketing programmes offering customers genuine benefit . fuel costs are a significant issue to many retail buyers and this offer will give mg and rover customers substantial savings until 2004 .
mg rover group has today announced the appointment of four new uk dealerships . the appointments are part of a long - term strategy to increase the network
in powertrain ltd , mg rover holdings has a business that manufactures engines and gearboxes , from the same longbridge site . mg rover parts ltd will provide a world - wide after sales supply operation to the mg rover dealer organisation .
mg rover was the last british - owned mass - production car manufacturer in the british motor industry . the company was formed by the de - merger of mg and rover from bmw in 2000 ; these had previously been parts of british leyland . mg rover is now part of the nanjing automobile group .
• car giant ford completes the £1 . 8 billion purchase of land rover from bmw as the break up of the rover group is finalised .
mg rover uk retail sales director terry hunt said :
this is a marriage between the midlands ' premier car manufacturer and premier football club - and is testament to how far mg rover group has progressed over the last two years .
the sales marks the end of bmw ' s troubled association with mg rover .
aston villa and mg rover have agreed a two - season shirt sponsorship deal .
longbridge produces models such as the austin metro and rover 200 - series which helps to keep bl , now called the austin rover group , afloat .
mg rover group chief executive kevin howe said :
we are delighted that all the outstanding issues relating to the completion accounts have now been agreed with bmw .
mg rover ' s principal claim was for vat overpaid in respect of supplies made by it or its predecessor in the business , while a member of a vat group , for periods between 1973 and 1996 . mg rover left the vat group in 2000 . the vat group continues to exist , however , and hmrc have rejected mg rover ' s claims accordingly on the basis that it is the representative member ( and not mg rover ) who is entitled to claim . it is worth noting that competing claims for part of the overpaid vat have been made by mg rover ' s predecessor in the business and by the representative member of the vat group of which mg rover was a member at the relevant time , and these two parties were therefore joined to the proceedings although nothing material turns on that .
john towers , the head of the phoenix venture holdings group that bought rover from bmw for £10 in 2000 , said on friday that he felt no guilt over what had happened to mg rover .
• the company becomes mg rover to link the fledgling concern with rover ' s popular mg sports car marque , and towers announces the new rover owners expect to be making a profit within two years .
1989 : austin rover group is re - branded rover group . its final launch was the mg maestro turbo , powered by a 2 . 0 turbocharged engine and one of the fastest hatchbacks in the world with a top speed of nearly 130 mph ( 210 km / h ) .
pricewaterhousecoopers , which took over administration of rover when the automaker filed for bankruptcy in april , said nanjing had bought the assets of both mg rover group and its engine - producing subsidiary , powertrain ltd .
in dartford , the prestigious whitehouse group are set to open their second mg rover dealership while in milton keynes , the souls organisation will open an all new dealership .
mg rover has agreed with bmw to settle their dispute over completion of accounts in connection with the sale of rover cars .
about 6 , 000 people lost their jobs when mg rover went bust in 2005 .
mr lomas added that the pensions position at mg rover was
really complex
.
bmw decides to split firm . land rover sold to ford . bmw keeps the mini , restyling it mini . remainder sold to phoenix consortium and becomes mg rover . mg zr , mg zs and mg zt launched as sporty alternatives to standard rovers the following year .
the winner of a brand new rover received the keys to his new car at villa park after scooping top prize in a grand draw organised by aston villa and mg rover group on behalf of the nspcc .
rover is a company with a long tradition . founded in 1885 by john kemp starley as a bicycle factory it developed over time . in the beginning of 2000 bmw sold land rover to ford and the rest to the phoenix group . this was the end of the rover group .
the company , china ' s oldest carmaker , bought bankrupt british automaker mg rover group in 2005 , acquiring the mg , which enjoyed a reputation in the 1960s as a good - handling , affordable english sports car .
german carmaker bmw has completed the break - up of rover group and sold its engine manufacturing at longbridge , near birmingham .
the year before bmw sold mg rover , it had made losses of an estimated £800million . the four business men who took control of the newly - formed mg rover group ( previously named rover car operations ) had have reported to receive around £430million in a dowry from bmw which included unsold stock .
the company was formed following the purchase of the rover group from bmw in may 2000 . the total group has an annual turnover in the region of £2 billion and employs 6500 highly skilled and dedicated people .
2003 mg rover launches the new rover cityrover - a small 5 door hatchback city car . sales performed poorly from the start .
when the contract between bmw and mg rover was signed last year the operating activities of rover cars were transferred with immediate effect .
to celebrate the deal , mg rover has produced a special one - off vehicle , an ' aston villa rover 25 ' .
rover company limited ( formerly rover cycle company ltd ) . , 1890 - 1996
the mg f and later mg tf are mid - engined , rear wheel drive roadster cars produced from 1995 until 2011 . the mg f , designed and produced by rover group , was the first all - new car to bear the mg marque since the mg mgb that was produced from 1962 to 1980 . production of the mg tf paused in 2005 , when mg rover went into receivership , and resumed in 2007 under the company ' s new owners nanjing automobile of china . . . . more on wikipedia
following the collapse of the mg rover group , stadco is working closely with xpart to secure the supply and manufacturing routes required to continue producing body components for all mg and rover models . these spare parts are essential to keep accident - damaged vehicles on the road .
the largest business within mg rover is mg rover group , which designs , develops and manufactures cars at its longbridge , birmingham site in the uk . its products are sold world - wide in 70 markets , with approximately 50 per cent of sales in export territories .
2001 mg rover bought qvale of italy ( only bought the factory and the rights of platform of the mangusta car . mg rover did not acquire the rights of the qvale name )
the agreement reached also involves a payment of £65m to mg rover , its spokesman said .
week . each vehicle will feature one of the offers mg and rover customers can expect .
this week the former rover group announced it was changing its name to mg rover , in a bid to place greater emphasis on the brands the company owns . a new logo is in development , but an mg rover spokesman said it was too early to give an indication of what it would look like .
2006 : ford purchases the land rover name , taking the rover marque with it . the brand is thereafter known only as mg .
to celebrate the deal , mg rover has produced a special one - off vehicle , a rather sickly looking ‘aston villa rover 25’ .
because with a bmw , we address a different target group . the mini is for a target group with a different lifestyle than the bmw customer ,
he says .
he said nac acquired the rights to the mg trademarks and logos when it bought the assets of the failed mg rover from administrators in 2005 .
mg zs 180 austin motor company picture of mg zs 180 cars mg zs 180 austin motor company the austin motor company was a british manufacturer . . .
the news is a blow for uk businessman david james , whose kimber group had put in two bids to buy parts of rover .
• spring 2000 : bmw decides to break up the rover group after losing £600 million in one year , prompting observers in germany to dub rover
the english patient .
land rover produces four models , the range rover , discovery , freelander and defender .
in conjunction with their partner autotrading luft , mg rover group is pleased to announce that it will shortly re - commence sales of mg and rover cars in japan . both mg and rover cars previously enjoyed much success in the japanese market . after much praise from the motoring press rover 75 was voted ' import car of the year ' . unfortunately , due to contractual obligations with the previous owner , mg rover group has until now been restricted from selling its cars in japan . autotrading luft is based in nagoya and will trade under mg rover nippon . sales will start during july with a focus on rover 75 saloon and tourer , mg tf plus mg zt and mg zt - t . initially six retail outlets will be fully operational , progressively increasing to over 20 . commenting on the announcement , john sanders , mg rover group worldwide sales and marketing director said :
this is an important milestone for our strategy of growth in markets outside western europe . japan is the world ' s second largest car market and we have a number of loyal japanese customers who are keen to see the return of mg and rover cars . we are pleased to have combined forces with autotrading luft and we feel confident of a successful relaunch considering the prestige of the mg and rover marques .
nanjing auto also acquired power train ltd . , mg rover ' s engine - making unit .
nanjing has indicated before it plans to use mg as its main marque in europe while developing other mg rover brands , such as austin , elsewhere .
mg rover group is to sponsor the lashings cricket club . lashings are a ‘dream team’ of world cricket stars that play exhibition matches around the uk . in 2003 its stars will be driving club se specification rover 75 saloons and tourers .
mg zs 180 sports sedan picture of mg zs 180 cars mg zs 180 sports sedan a sports sedan or a sports saloon is a descriptive term applied . . .
mg rover was the last domestically owned mass - production car manufacturer in the british motor industry . the company was formed when bmw sold the car - making and engine manufacturing assets of the original rover group to the phoenix consortium in 2000 .
when bmw sold off its interests , mg rover was bought for a nominal £10 in may 2000 by a specially - assembled group of businessmen known as the phoenix consortium . the consortium was headed by ex - rover chief executive john towers .
moving further north , the horner group will open a new dealership in rochdale bringing their total number of mg rover outlets to five . also , moss rose will open a new dealership in macclesfield .
almost every type of mg will be at silverstone . the popular event includes model grouped parking , and circuit races with over 500 cars entering 15 races . rob oldaker , mg rover group ' s product development director is competing in two ( mayflower and abingdon trophy ) races in a circuit prepared mg zr .
mg rover went into administration on 8 april 2005 , when its proposed deal with the chinese company saic collapsed . the subsequent closure of mg rover’s plant at longbridge in the west midlands resulted in the loss of almost 6 , 000 mg rover jobs , with potentially serious adverse consequences for the local economy .
flags flying outside the old mg rover factory in longbridge , birmingham . photograph : david jones / pa
the german car maker is retaining the mini marque , and selling the rest of the unprofitable rover group to the venture capitalist firm alchemy partners .
the agreement will involve bmw powertrain being transferred to mg rover , the company formed from the break - up of rover group last year . it means that mg rover will now be able to produce engines and transmissions for itself and third party customers . in addition , it will have control over the prices of the 150 , 000 engines and gearboxes it purchases each year . around 1 , 300 employees will be transferred with the business to mg rover .
this is an update of the original book about the failed bmw ownership of rover group , which was called
end of the road : bmw and rover - a brand too far
.
in 1989 , arg was rebranded as rover group , the name of its owner . in 2008 , tata motors purchased the rover marque , as well as former bl / rover group businesses , land rover and jaguar cars , and the former bl marques daimler and lanchester , from the ford motor company . the austin marque has been retired and the mini marque is owned by bmw .
on 10 april 2005 , mg rover announced that they had received a £6 . 5 million loan from the british government . < ref > { { # if : mg rover gets £6 . 5m loan lifeline
mg rover group is taking the idea to its ultimate limits . mg rover staff , disguised as gordon brown , arrive at filling stations around the country completely un - announced and spontaneously offer to pay for a customer ' s fuel in order to promote the campaign , which runs until the end of march 2003 .
news of a planned rebirth of car - making at mg rover has been welcomed by officials in birmingham .
• december 2003 : production at mg rover halts early for christmas while the car giant launches a stocktake .
2001 : mg rover’s best year of sales at 170 , 000 cars . sales decline from this point .
in january 2005 , it was revealed that british prime minister tony blair had intervened to support the alliance between mg rover and saic . mg rover could not give a date on which the agreement would be finalized .
however , mg rover ran into trouble as demand for its cars waned and competition from foreign rivals increased .
luk clutch kit landrover freelander mg - zt rover 75 ( 99 - 05 ) 2 . 0 cdti 623314509
mg rover went into administration in 2005 and its key assets were purchased by nanjing automobile group , with nanjing restarting mg sports car and sports saloon production in 2007 . the rover marque , the ownership of which had been retained by bmw , was sold to ford , who had bought the land rover company from bmw in 2000 . the rights to the dormant rover brand were sold by ford , along with jaguar land rover , to tata motors in 2008 .
mg rover ' s ownership of powertrain will bring back together two parts of the old rover group which was broken up by bmw last year . when the contract between bmw and the phoenix consortium was signed last year , the operating activities of rover cars were transferred with immediate effect . subsequent differences of opinion over valuation were referred to an independent expert ; however , mg rover said that process is no longer required .
gervase macgregor and guy newey were appointed as inspectors under section 432 of the companies act 1985 and instructed to investigate the affairs of mg rover group , its parent company phoenix venture holdings ( pvh ) and mgr capital limited between the purchase of mg rover from bmw in may 2000 and the date of it entering administration .
a leaseplan company was set up and initially it was to be owned by the phoenix partnership rather than the mg rover group . but this structure had unfavourable tax consequences , and ownership reverted to the car company .
a significant part of the donation was raised by employees through the sale of tickets for the prize draw . steve hudson , mg rover group , quality director , accompanied by aston villa , finance director , mark ans
prior to the administration , the company purchased vehicles from mg rover group limited ( “mgrg” ) for onsell to associated mg rover companies ( known as national sales companies ( “nscs” ) ) in germany , the netherlands , spain , italy , belgium , portugal , france and ireland and to independent importers and other overseas exports markets .
stadco is one of europe ' s leading suppliers of body - in - white panels and pressings to vehicle manufacturers including ford , bmw , jaguar , land rover , and previously the mg rover group . as such , xpart , a division of caterpillar services ( uk ) ltd , which acquired the mg rover parts business in august 2004 has recognised that stadco is an ideal partner to help secure and establish the necessary production equipment and processes needed to manufacture mg rover body spare parts .
powertrain ltd , valued at £150m , will be transferred to mg rover , which bought the rover brand from bmw for a nominal sum in may last year .
the former chief executive of stobart group has accused the company of treating shareholders with contempt for . . .
' prostitutes , orgies , group sex - all of it ' : ex - wife of . . .
mg rover ' s new chinese owners have opened a new car production line at its longbridge factory in birmingham .
in the last years of mg rover , the longbridge factory was the last british - owned mass car producer .
about 5 , 000 mg rover workers are to lose their jobs , administrators for the stricken company have said .
2005 : the british government withdraws the offer of a £120million loan to keep the deal with saic afloat . mg rover is declared bankrupt . the assets are auctioned off and most go to the nanjing automobile group for £53million .
following the renaming of its parent company , bl , in 1986 to the rover group , and the subsequent sell - off of its truck and bus businesses , and takeover in 1988 by british aerospace , and then in 1994 by bmw , the combine now known as rover group was eventually sold back into private ownership and became mg rover , which lasted five years before going bankrupt . mg production was revived in 2007 by new owner nanjing automobile , while the rover marque was purchased by ford in 2006 , only to be transferred to ownership of indian carmaker tata in 2008 , as tata also took over land rover and jaguar to form jaguar land rover .
the whole corporate history of rover has tainted the rover brand in the uk .
this is an uncomfortable opinion , all the more so as the words come from mg rover sales and marketing director john sanders .
it was one of two chinese companies trying to buy the assets of mg rover , the other being shanghai automotive .
chinese automobile corporation nanjing automotive buys mg rover with the hope of re - starting car production at longbridge by 2007 .
mg rover sales in europe ended in 2006 when the company filed for bankruptcy , after sales had dwindled for years .
the home and away kit will feature the rover and mg brands , rather than combining both brands on one shirt .
ten years ago ( saturday ) in england , mg rover group called in the receivers - - the british version of declaring bankruptcy - - and ended the journey of one of the most pioneering companies in all of transportation history .
the car is an original mini ,
insists rainer bickmann , assembly director of bmw group in oxford .
we stock top - quality parts for mg rover vehicles at prices to suit your wallet - from the rover 200 to the zt260 , we have the parts you need .
2008 : ford sells land rover and rover to tata motors of india . rover’s technology is shipped to china and spawns roewe , which continues to produce a version of the rover 75 , named the roewe 750 .
before bought by bmw rover was in a partnership with honda , which had a minor stake in rover .
rover sales continue to fall . mg rover runs out of money . offer to saic of £100m conditional bridging loan fails to convince chinese . as election campaign gets under way , production is halted , mg rover goes into administration . saic finally pull out , and administrators announce 5 , 000 redundancies
when bmw sold off its interests , mg rover was bought for a nominal £10 in may 2000 by a specially - assembled group of businessmen known as the phoenix consortium . the consortium was headed by ex - rover chief executive john towers . the company then ceased trading 8 april 2005 .
the financial services firm , which handled mg rover ' s administration and subsequent liquidation , is claiming the taxman received excess payments on vehicles manufactured by the midlands - based group and supplied to fleet operators “dating back a number of years” .
nanjing automobile , the chinese car maker that bought mg rover two years ago , launched production of mg model sports cars , seeking to revive the historic brand both in china and overseas .
mg zs 180 british leyland picture of british leyland mg zs 180 british leyland british leyland was a vehicle manufacturing company formed . . .
vote for your favorite items on this poll , including mg xpower sv , mg zr , and more . this list of car models made by mg is a great way to see how mg has evolved over the years . mg types also have car class information available if you click on their names and go to their dedicated page .
1981 : bl cars ltd is renamed austin rover group ltd . launch of the triumph acclaim , successor the dolomite and restyled version of the japanese - built honda ballade .
the austin rover group ( arg ) was formed in 1981 as the mass - market car manufacturing subsidiary of british leyland ( bl ) . arg was the end result of a comprehensive restructuring programme intended to rescue bl from almost - certain oblivion , and with the mg , triumph , morris , riley and wolseley marques now effectively dead , the new , leaner car business was rechristened as the austin rover group .
there has also been anger over the seven - figure salaries paid to the phoenix four before mg rover ' s collapse .
pwc ended those loans and closed the factory when the prospects of a bidder for the entire group appeared to vanish .
the move means that the group will now be able to produce engines and transmissions for itself and third party customers .
against this background , hmrc maintain that , absent a specific assignment , the only person entitled to make a claim for vat overpaid in respect of supplies made by a company while a member of a vat group is the representative member of that group , i . e . the person who accounted for the vat , even if the generating company has since left the group . hmrc do , however , concede that where the relevant vat group has been disbanded , a claim under section 80 can be made by the generating company . they also maintain that the representative member of a vat group cannot make a claim under section 80 in respect of supplies made by a company before it became a member of that group .
the mg zr is an mg - branded
hot hatch
version of the rover 25 supermini - class car , produced by mg rover at their longbridge plant in birmingham from 2001 to 2005 . compared to the rover 25 , the zr featured a number of styling modifications and performance enhancements such as uprated sports suspension and a less baffled exhaust . . . . more on wikipedia
more information regarding the flags : images : urltoken ( picture taken from urltoken ) . from left to right ( five flags are seen ) : tf model , indistinctive ( light blue ) , rover
a class of its own
( slogan flag ) , mg rover group ( official vertical flag ) , mg flag . urltoken ( mg rover
direct
flag ) ( caption of the picture :
a mg rover flag is seen at the longbridge site of car maker mg rover on april 11 , 2005 in birmingham , england
. source : time magazine ) urltoken ( another mg rover
direct
flag ) ( caption of the picture :
mg rover flags are seen at the longbridge site of car maker mg rover on april 11 , 2005 in birmingham , england
. source : time magazine ) urltoken ( mg flag on the left and rover flag on the right ) . caption of the picture :
a supporter of mg rover carries a flag at the longbridge site of the car maker on april 11 , 2005 in birmingham , england
. source : time magazine urltoken (
a class of its own
flag on the left and mg rover group flag on the right ) caption of the picture :
mg rover signage is seen at the longbridge site of the car maker on april 11 , 2005 in birmingham , england
. source : time magazine . urltoken ( tf model flag on the left ) source : time magazine urltoken ( full set of eight flags , plus the union jack ) . source : urltoken / blogs / autocarconfidential / archive / 2008 / 01 / 03 / another - glimmer - of - hope - for - longbridge . aspx also worth mentioning , is that at one point there seemed to be a semi - official mg rover group website ( probably hosted by union workers of this company ) at urltoken , as this picture shows : urltoken . however this site is owned currently by someone else . esteban rivera , 9 march 2011
and honda - which owned the rights to some of mg rover ' s technology - has repossessed equipment and blueprints , making it more difficult for any buyer to restart production of the rover 45 - based on the honda civic - or mg zs models .
mg rover’s assets were auctioned off , and eventually most of the remains of the company were obtained by china’s shanghai automotive industry corp . saic ended up with rover’s technology and production equipment , but not the brand name , as well as the mg brand .
m b parker : ' ' new government sort it out ! ! us former mg rover workers have suffered enough . ' '
some of the suppliers owed a total of about £200m by mg rover held a meeting on friday to discuss what happens next .
a government task force set up to help mg rover suppliers has so far made payouts of £156 , 000 to 26 firms .
pwc tells hmrc to pay up 10 years after mg rover collapse , claiming £56m in overpaid vat | city a . m .
firm goes into administration , ending mass car production by british - owned manufacturers . mg becomes part of chinese firm nanjing automobile , firm restarts mg production in 2007 with mg 7 , a bland but solid saloon .
nanjing and rival shanghai automotive industrial corp . both had sought to buy part or all of mg rover group ' s assets . saic subsequently purchased technology for two rover models , the 25 and 75 and has since begun making its own brand care based on the 75 , called the
roewe 75 .
following the renaming of its parent company , bl , in 1986 to the rover group , and the subsequent sell - off of its truck and bus businesses , and takeover in 1988 by british aerospace , and then in 1995 by bmw , arg was eventually sold back into private ownership and became mg rover .
by the late 1980s , british aerospace had become owner of what was once british leyland , rover’s parent company . bmw bought the company in 1994 , but after years of heavy losses , broke it up in 2000 . bmw kept the mini brand . land rover went to ford , which already owned jaguar , while the mg and rover brands were sold to a group of british investors for 10 pounds . but five years later on april 4 , 2005 , mg rover ran out of money .
that’s right , nick . since mg rover has gone out of business in 2006 they haven’t produced or sold a car in europe . for more recent sales data of the “reborn” mg brand under its new chinese ownership , please check my page on mg nanjing sales statistics .
the first car to be produced after the firm was privatised and renamed rover group . it replaced the mark i , which was driven by hyacinth bucket in television’s keeping up appearances .
the home and away kit will feature the rover and mg brands respectively rather than having mg rover group on both . the home kit is available for order as of today and goes on sale in the club shop on 15 july . mg rover sales & marketing director , john sanders added :
by separating the two brands between home and away kits we are maintaining the individuality of both brands . of course this sponsorship will help contribute to the world - wide awareness and desirability of our two brands .
first rover car built at coventry factory . within two years the rover motor company ltd was building 750 cars a year
this case again involved several interested parties . standard chartered was seeking to make a claim as representative member of the standard chartered vat group for overpaid vat in respect of supplies made by various companies before they became members of the standard chartered vat group . those companies were subsequently acquired by lloyds , and lloyds was seeking to make a claim for overpaid vat in respect of supplies made by those companies while they were members of the standard chartered vat group . the standard chartered vat group continues to exist .
despite falling sales and the corresponding financial troubles , mg rover was not afraid to invest into expensive low - volume halo cars like the mg x - power sv ( pictured ) and the rover 75 v8 / mg zt 260 , which were converted from front wheel drive to rear wheel drive and fitted with a ford mustang v8 engine .
* conditions apply : the offer excludes rover 25 i / ie and rover 45 ie models . rover 25 impression and impression s , mg zr 105 and mg zr turbo diesel models have a lower 5 , 000 mile / 416 mile per month projected mileage . offers apply to the uk mainland only ( not ireland ) .
the government offers a bridging loan of £100m to keep mg rover solvent provided
there is still a deal to be done
.
copyright discount mg rover spares 2016 contact us - sales @ urltoken please include your order reference if applicable . vat number 196 8298 38
* * average mileage based on the department of transport figures . full details of the free fuel offer are available from mg rover dealers
mg rover has handed the task of promoting the newly rebranded company in the uk to steve robertson , a former mini brand marketer .
this is no april fool ' s joke . the purchase options are available on all new mg and rover cars registered between 1 april and 30 june 2003 . lpg band 4 conversions are available on all 1 . 6 - and 1 . 8 - litre rover and mg saloon cars ( excluding the mg zr 160 / express 160 ) .
by mg rover group , will be first prize in the charity ' s annual grand draw , which raises more than £100 , 000 each year to fund research throughout the uk . the charity spends around £20m a year in total , including £3m on projects in
2005 / 06 nanjing automobile group announces to build cars at longbridge after signing a deal to lease the site for 33 years .
* 2007 : saic and nanjing automobile group announce a tie - up and a possible merger which is completed on 26 december .
commenting on the rover brand association with the championships , steve robertson , general manager brand strategy & communications , mg rover group limited said :
working with the iaaf on such a prestigious event in the midlands is a great privilege . it continues our ongoing investment to promote and develop british athletics on a truly international stage .
the successful sale of rover cars to the phoenix consortium prevented the closure of the rover plant in birmingham . this was the result of the negotiations between the bmw group and the phoenix consortium led by john towers that were successfully concluded in may 2000 .
top tv detective , john nettles , was at mg rover group , longbridge to formally unveil a recreation of lord austin ' s original office with john parkinson , managing director xpart ltd and former austin apprentice . the office has been hidden from public view until now .
was bought for a nominal £10 in may 2000 by a specially - assembled group of businessmen known as the phoenix consortium . the consortium was headed by ex - rover chief executive john towers .
british motor museum at gaydon , warwickshire : archive includes business records , publicity material and technical documents re the companies formerly included in the rover group ( including austin , morris and standard ) .
an inquiry was set up by the government after mg rover went into administration on april 8 2005 owing creditors nearly £1 . 3 billion .
mike hodge : ' ' i fully endorse this action and support being provided to ex mg rover employees . the ex mg rover directors have consistently avoided answering questions and have hidden behind legal curtains . it is time that every question asked was fully and openly answered . ' '
prime minister tony blair said £150m was being made available to help those being made redundant at mg rover and the companies that supply it .
charles kennedy , leader of the liberal democrats , said the government should have acted sooner to try to secure mg rover ' s future .
the inspectors said :
we conclude that the reason why the leaseplan company was to be owned by the phoenix partnership ( and not [ the mg rover group ] ) was that the four members of the phoenix consortium saw an opportunity to make money for themselves .
consumer offers have traditionally been focused on one or two key elements such as free insurance or a low cost finance package . mg rover group were first to offer the innovative and popular ‘free fuel’ campaign and this new approach recognises that every customer has a different purchase requirement .
mg rover will display the new mg xpower sv sportscar , which goes on sale in september , the full mg product range , some in special ' monogram ' paintwork and other interesting xpower competition mgs , too . the euro ncap crash performing mg tf will also be displayed . engineers who developed its high - ranking safety performance will be on hand to answer any questions .
many car brands that were formerly the property of british leyland passed on to mg rover . the brands of alvis and jaguar ( including daimler and lanchester , as well as the american rights to vanden plas ) were sold off by british leyland before it became rover group , and land rover was sold to ford in the bmw days . it was announced in september 2006 that the rover brand would be sold by bmw to ford for an undisclosed fee . < ref > { { # if : rover brand name passes to ford
covered in dust , these mg rover door handles are destined to never be attached the the shells of the cars . production at the longbridge plant in birmingham was massively scaled back after mg rover collapsed in 2005 - meaning that the factory has been almost entirely unused over the past decade
administrators for mg rover group ltd . said yesterday that the collapsed british auto maker has been bought by chinese car maker nanjing automobile group corp . pricewaterhousecoopers , which took over administration of rover when the auto maker filed for bankruptcy in april , said nanjing had bought the assets of both mg rover and its engine - producing subsidiary powertrain ltd . the terms were not disclosed and pwc officials did not immediately return calls for comment . nanjing had faced two competitors in its bid to buy rover ' s assets - - a similar offer from china ' s state - owned shanghai automotive industry corp . , and an offer by british businessman david james to buy two parts of the company .
chinese carmaker nanjing automotive has secured ownership of mg rover for an unknown sum , after a three - way bidding battle spread over three months .
the cafe shut when mg rover closed down and there is nowhere else for me to get my sandwiches at lunchtime ,
he said .
a decade ago , mg rover shut its factory doors for good . we go back to the community it left behind and see how it survived
there were fears that by using the rover platform we were creating an mg maestro , but our engineers have made the mgs sufficiently different .
in an effort to boost uk sales , mg rover has become the first major car company to offer new cars for sale via the virgin cars web site . this is being done with the participation of two of its dealers - although one of these is fully owned by mg rover .
between april and july 2005 , pwc worked hard to find a buyer for the assets of mg rover , speaking – initially – to over 200 interested parties , before whittling the prospective candidates down to the final winner : nanjing . however , if rover’s future at longbridge looks very uncertain , there is a real possibility of the mg and austin marques being revived by the company’s new owner , nanjing automobile ( group ) corporation .
the mg brand was bought by saic , china ' s largest vehicle manufacturer .
analysts see the mg sports car brand as perhaps the most valuable asset left .
1983 : launch of austin maestro , which replaces the 10 - year - old allegro . the mg badge is used for the mg maestro 1600 sports model .
the nac family includes mg , austin , and yuejin ( light trucks ) .
the bmw group and phoenix consortium signed and completed the purchase contracts in london . the symbolic purchase price is 10 gbp . phoenix will be taking responsibility for the development , production and distribution of rover cars . in addition , phoenix will aquire the mg brand and other heritage brands .
mike wilson may have been the chief executive of a top - ranking financial advisory group , but he did not conform to . . .
financially , the contribution this car will make to the [ bmw ] group is perfectly acceptable ,
insists mr houghton - berry .