Synnex Technology International (TWSE: 2347) today announced that Redington, its overseas joint venture and a key strategic partner in the India, Middle East, and Africa (IMEA) region, delivered exceptional performance in fiscal year 2025 (April 2024 to March 2025). Redington achieved three record-breaking milestones: all-time highs in revenue, net profit, and market capitalization, underscoring the synergistic benefits and long-term value of Synnex's global expansion strategy.
As a strategic cornerstone in Synnex's global distribution network, Redington has steadily expanded its footprint in recent years. The company now operates across approximately 40 markets, with 71 sales offices and 182 warehouses spanning key areas in South Asia, the Gulf, the Middle East, and Africa. Leveraging a three-pronged approach—diversified product offerings, regional depth, and digital enablement—Redington continues to strengthen local services and technical support, deepening its partnerships with upstream vendors and downstream customers to build sustainable competitive advantages.
According to the latest financial results, Redington recorded revenue of INR 993.3 billion (approximately US$11.8 billion) in FY2025, up 11% year-over-year. After-tax net profit reached INR 16.1 billion (approximately US$190 million), marking a 32% increase—both figures representing historical highs. This strong financial performance was well received by the capital markets, with its stock price rising nearly 50% this year, and its market capitalization exceeded INR 226 billion (approximately US$2.7 billion), reflecting strong investor confidence in its growth potential and market position.
Redington's outstanding performance in the IMEA region is a compelling demonstration of the success of Synnex's international expansion strategy. Since initiating its investment in 2004, Synnex has been a long-term strategic shareholder in Redington for over 20 years, contributing core capabilities in supply chain management and service platforms. By effective integration of local resources and market dynamics, Redington has established a regional operating network that is scalable, efficient, and resilient.
Looking ahead, Redington will continue to refine its product portfolio and operational efficiency to respond to evolving market demands, laying a solid foundation for long-term growth and delivering sustained value to Synnex's global ecosystem.
Redington Chairman J. Ramachandran(fourth from the left) and CEO V.S. Hariharan(third from the right) visited Taiwan in 2024 for a strategic meeting.