Webel Technology Limited likely to come out of WBEIDC umbrella

Webel Technology Limited (WTL), a government of West Bengal undertaking, is likely to set for a demerger from West Bengal Electronics Industry Development Corporation (WBEIDC) Limited.

One of the highest profit-making subsidiaries of WBEIDC will join the Personnel, Administrative Reforms and e-Governance department, state government sources said.

It may be mentioned that the government earlier had decided to merge seven subsidiaries of WBEIDC under the umbrella of the main company for keeping the profit margin high. The merger is still pending to take place while the decision of the demerger of WTL from WBEIDC has been taken.

"The decision of the merger of seven subsidiaries was taken earlier but the merger will be followed by the demerger of WTL from WBEIDC," a source explained.

There is only one subsidiary which is not making profit among the seven. State Information technology (IT) and Electronics department minister Bratya Basu indicated the merger of subsidies on Monday while announcing record turnover of Webel Informatics Limited (WIL), a subsidiary under WBEIDC.

"We'll merge subsidiaries for keeping the profit margin high," the minister said on Monday.

A senior IT department officer said that some subsidiaries are doing good businesses outside Bengal. "A subsidiary is doing Aadhar enrolment in Delhi; some other subsidiaries are engaged in various projects in North-East India – Assam, Tripura and Meghalaya," he said.

However, the minister mentioned, the turnover of Webel Informatics Limited (WIL) in the financial year 2016-17 exceeded Rs 52 crore from a meager turnover of Rs 50,000 in the year 1984-85, which is a growth of more than 1,000 times. "WIL has certainly made history," the minister said.