Methodex reaffirms customer focus with new brand identity

New logo signifies "Ready to Soar" as the renewed corporate thrust on modernization and efficiency which aims to add value for its customers - Upwards of 2X revenue growth expected in just the next three years - Key growth drivers to be banking solutions and retail-commercial turnkey projects

Mumbai, Maharashtra, April 9, 2012 /India PRwire/ -- Methodex Systems Ltd., India's leading diversified solutions company for banks, offices and commercial establishments today announced its brand new identity with the launch of its redesigned logo and colors. This move marks the company's rejuvenation and commitment to its customers and stakeholders through a focus on highest standards of corporate governance, professionalism and best business practices. It also brings to the fore, Methodex's range of new and upgraded product lines and also an avowal of precision customer-centricity is all its aspects of service, satisfaction and quality assurance. The company has embarked on an ambitious plan of growth and innovation, and in the coming years, the business is expected to grow more than two-fold in three years. Much of this growth is expected to derive from the company's highly respected and well-recognized business offerings in banking solutions and projects (commercial and retail turnkey).

With India's economy growing at a rapid clip, the Indian banking industry is facing increasing challenges in efficient service delivery, particularly in the cooperative and rural sectors. The stringent RBI guidelines have also helped in creating a good market for banking solutions, especially the note sorting and counting machines. Also, with an increasing number of corporates, banks, government institutions, hospitals and media houses opening new offices in the country, the need for modern office solutions is growing exponentially. New technology and innovations in the sphere of office equipment and security is crucial to meet the high standards of international and national corporates and institutions. It is this market that Methodex would now be focusing on for the majority of its growth to stem from.

According to Mr. PriytoshWali, CEO, Methodex Systems, "Methodex's new logo, which depicts a soaring bird, is a manifestation of our renewed commitment to our customers, employees and partners in taking Methodex to new heights. Speed, momentum, and finest standards of business professionalism are the hallmarks of our vision and we are all deeply committed to living this credo in each and every aspect of our work. We intend to provide highly evolved customer centricity by ensuring transparent communication between us and our customers and display an even higher degree of accountability to meet the expectations of our valued customers."

Mr. Wali added, "Methodex recognizes that technology is a major generator of competitive advantage and customer satisfaction, so it seeks to improve its competitive position through sustained R&D and engineering activities as well as product upgrades. The company also encourages innovation as a key tool for generating value for our customers and shareholders alike."

As a stated business objective, Methodex would be driving its Note Sorting Machine and a new range of office security equipment to augment its existing range of services in the banking solutions vertical. The newly launched note sorting machine IQ 150 combines much innovative functionality and saves considerable time, effort and money. This machine has multiple functions like precise and reliable counterfeit note detection, version sorting-where notes are sorted into older and newer versions, automatic denomination counting and sorting and even back office functions like checking the fitness of notes, orientation sorting and condition sorting of notes for ATM usage. It is a user-friendly and easy to operate machine. Its advanced digital technology enhances productivity & improves customer service by reducing waiting time at the counters. The range of new security equipment include a fire resistant cabinet, fire and burglar resistant safes, currency bin cabinets and a safe deposit locker cabinet. All of these have been approved by the C.B.R.I. (Central Building Research Institute).

Notes to Editor

About Methodex Systems ltd

Methodex Systems ltd is an ISO 9001:2008, ISO 14001: 2004 and OHSAS 18001:2007certified Direct Marketing Company engaged in providing total office solutions in India since 1960. The company has a pan India presence with offices in over 75 citiesin India and a strong workforce of over 500. The company deals in a wide range of security equipment, office furniture, business machines and currency handling equipment. Methodex has two state of the art manufacturing units, one at Indore and the other at Pithampur, MP. In the last 50 years Methodex has provided its products to government organizations, PSU's, Embassies, Banks, Insurance companies, hospitals, United Nations organizations and many such organizations.

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