Xerox India - Revision history

->DatraxMada: added infobox

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← Older revision		Revision as of 23:59, 16 September 2021
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	{{Use dmy dates\|date=September 2015}}		{{Use dmy dates\|date=September 2015}}
	{{Use Indian English\|date=September 2015}}		{{Use Indian English\|date=September 2015}}
	~~[[File:~~modi xerox green logo.jpg\|~~300px\|thumb\|~~Xerox India used to be called Modi Xerox]]
			{{Infobox company
			\| image = modi xerox green logo.jpg
			\| image_caption = Xerox India used to be called Modi Xerox
			\| type = [[Subsidiary]]
			\| former_name = Modi Xerox
			\| area_served = India
			\| hq_location_city = [[Gurgaon]]
			\| hq_location_country = India
			\| parent = [[Xerox Corporation]]
			}}

	'''Xerox India''' is the Indian subsidiary of [[Xerox Corporation]], based in [[Gurgaon]], [[India]]<ref>{{Cite web\|url=http://www.xerox.com/perl-bin/world_contact.pl#6\|title=Xerox Contact Details - All Department Emails & Phone Contacts}}</ref> the American printer, photocopier, document supplies, technology & services company.		'''Xerox India''' is the Indian subsidiary of [[Xerox Corporation]], based in [[Gurgaon]], [[India]]<ref>{{Cite web\|url=http://www.xerox.com/perl-bin/world_contact.pl#6\|title=Xerox Contact Details - All Department Emails & Phone Contacts}}</ref> the American printer, photocopier, document supplies, technology & services company.

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2021-09-03T20:26:06Z

Add: work, title. Changed bare reference to CS1/2. Removed parameters. Some additions/deletions were parameter name changes. | Use this bot. Report bugs. | Suggested by BrownHairedGirl | Linked from User:BrownHairedGirl/Articles_with_bare_links | #UCB_webform_linked 378/465

← Older revision		Revision as of 01:56, 4 September 2021
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	[[File:modi xerox green logo.jpg\|300px\|thumb\|Xerox India used to be called Modi Xerox]]		[[File:modi xerox green logo.jpg\|300px\|thumb\|Xerox India used to be called Modi Xerox]]

	'''Xerox India''' is the Indian subsidiary of [[Xerox Corporation]], based in [[Gurgaon]], [[India]]<ref>http://www.xerox.com/perl-bin/world_contact.pl#6</ref> the American printer, photocopier, document supplies, technology & services company.		'''Xerox India''' is the Indian subsidiary of [[Xerox Corporation]], based in [[Gurgaon]], [[India]]<ref>{{Cite web\|url=http://www.xerox.com/perl-bin/world_contact.pl#6\|title=Xerox Contact Details - All Department Emails & Phone Contacts}}</ref> the American printer, photocopier, document supplies, technology & services company.

	Originally Modi Xerox, the business was derived from a joint venture formed between [[Dr Bhupendra Kumar Modi]] aka [[Bhupendra Kumar Modi\|Dr. M]] through [[ModiCorp]] (now [[Spice Group]]) and [[Rank Xerox]] in September 1983. The share structure was 40% ModiCorp, 40% Rank Xerox and 20% private shareholders. It built upon an earlier co-operation, Indian Xerographic Systems, formed in 1982. Other partnerships included Modi Xerox Software Systems, created in 1995 and Modi Xerox Financial Services.		Originally Modi Xerox, the business was derived from a joint venture formed between [[Dr Bhupendra Kumar Modi]] aka [[Bhupendra Kumar Modi\|Dr. M]] through [[ModiCorp]] (now [[Spice Group]]) and [[Rank Xerox]] in September 1983. The share structure was 40% ModiCorp, 40% Rank Xerox and 20% private shareholders. It built upon an earlier co-operation, Indian Xerographic Systems, formed in 1982. Other partnerships included Modi Xerox Software Systems, created in 1995 and Modi Xerox Financial Services.
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	==Financial Irregularities==		==Financial Irregularities==
	In July 2002, during a troubled period for Xerox Corporation after allegations of accounting irregularities by the [[U.S. Securities and Exchange Commission]],<ref>{{cite web\|url=https://www.sec.gov/litigation/complaints/complr17465.htm \|title=Complaint: SEC v. Xerox Corporation \|publisher=Sec.gov \|access-date=2010-07-16}}</ref> Xerox Corporation disclosed that Xerox ModiCorp had made "improper payments" to government officials <ref>{{cite web\|url=http://www.rediff.com/money/2002/jul/02xerox.htm \|title=Xerox says Indian unit made 'improper payments': Reuters \|~~publisher~~=rediff.com \|date=2002-07-02 \|access-date=2010-07-16}}</ref> and fictitious firms.<ref>{{cite web\|url=http://www.rediff.com/money/2002/jul/21xerox.htm \|title=Xerox made payments to fictitious firms: PwC \|~~publisher~~=rediff.com \|date=2002-07-21 \|access-date=2010-07-16}}</ref> A government probe later found Xerox Modi Corp had violated certain corruption laws and in May 2005 it was reported that action would be taken against the company. At this time Xerox ModiCorp announced its name change to Xerox India.<ref>{{cite news\|author=Asia Pulse Pte Ltd \|url=https://www.forbes.com/infoimaging/feeds/infoimaging/2005/01/24/infoimagingasiapulse_2005_01_24_ix_3744-0083-.html \|title=Indian Govt to Form Inter-AGENCY Action Against Modi Xerox \|work=Forbes.com \|date= 2005-01-24\|access-date=2010-07-16}}</ref>		In July 2002, during a troubled period for Xerox Corporation after allegations of accounting irregularities by the [[U.S. Securities and Exchange Commission]],<ref>{{cite web\|url=https://www.sec.gov/litigation/complaints/complr17465.htm \|title=Complaint: SEC v. Xerox Corporation \|publisher=Sec.gov \|access-date=2010-07-16}}</ref> Xerox Corporation disclosed that Xerox ModiCorp had made "improper payments" to government officials <ref>{{cite web\|url=http://www.rediff.com/money/2002/jul/02xerox.htm \|title=Xerox says Indian unit made 'improper payments': Reuters \|work=rediff.com \|date=2002-07-02 \|access-date=2010-07-16}}</ref> and fictitious firms.<ref>{{cite web\|url=http://www.rediff.com/money/2002/jul/21xerox.htm \|title=Xerox made payments to fictitious firms: PwC \|work=rediff.com \|date=2002-07-21 \|access-date=2010-07-16}}</ref> A government probe later found Xerox Modi Corp had violated certain corruption laws and in May 2005 it was reported that action would be taken against the company. At this time Xerox ModiCorp announced its name change to Xerox India.<ref>{{cite news\|author=Asia Pulse Pte Ltd \|url=https://www.forbes.com/infoimaging/feeds/infoimaging/2005/01/24/infoimagingasiapulse_2005_01_24_ix_3744-0083-.html \|title=Indian Govt to Form Inter-AGENCY Action Against Modi Xerox \|work=Forbes.com \|date= 2005-01-24\|access-date=2010-07-16}}</ref>
	After all these activities Modi Xerox closed its factory in Rampur.		After all these activities Modi Xerox closed its factory in Rampur.
	According to the Economic Times,<ref>{{cite news \|url=http://articles.economictimes.indiatimes.com/2005-03-28/news/27489725_1_xerox-modicorp-bk-modi-group-xmc \|title=Xerox looks to up stake in Indian arm to 100% \|date=28 March 2005 \|newspaper=The Economic Times \|authors=MK Venu & Rajeev Jayaswal \|access-date=27 June 2012}}</ref> Xerox Corporation owned 86% of Xerox India in March 2005 and is seeking 100% control. The remaining shares are held by Modi Rubber and private stakeholders.		According to the Economic Times,<ref>{{cite news \|url=http://articles.economictimes.indiatimes.com/2005-03-28/news/27489725_1_xerox-modicorp-bk-modi-group-xmc \|title=Xerox looks to up stake in Indian arm to 100% \|date=28 March 2005 \|newspaper=The Economic Times \|authors=MK Venu & Rajeev Jayaswal \|access-date=27 June 2012}}</ref> Xerox Corporation owned 86% of Xerox India in March 2005 and is seeking 100% control. The remaining shares are held by Modi Rubber and private stakeholders.
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>BrownHairedGirl: added Category:1983 establishments in Haryana using HotCat

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added Category:1983 establishments in Haryana using HotCat

New page

{{Use dmy dates|date=September 2015}}
{{Use Indian English|date=September 2015}}
[[File:modi xerox green logo.jpg|300px|thumb|Xerox India used to be called Modi Xerox]]

'''Xerox India''' is the Indian subsidiary of [[Xerox Corporation]], based in [[Gurgaon]], [[India]]<ref>http://www.xerox.com/perl-bin/world_contact.pl#6</ref> the American printer, photocopier, document supplies, technology & services company.

Originally Modi Xerox, the business was derived from a joint venture formed between [[Dr Bhupendra Kumar Modi]] aka [[Bhupendra Kumar Modi|Dr. M]] through [[ModiCorp]] (now [[Spice Group]]) and [[Rank Xerox]] in September 1983. The share structure was 40% ModiCorp, 40% Rank Xerox and 20% private shareholders. It built upon an earlier co-operation, Indian Xerographic Systems, formed in 1982. Other partnerships included Modi Xerox Software Systems, created in 1995 and Modi Xerox Financial Services.

Rank Xerox was absorbed into Xerox Corporation in 1997 and Xerox obtained a majority stake in Modi Xerox in 1999. After obtaining majority ownership of Modi Xerox, it was renamed Xerox ModiCorp and the software and financial services operations were incorporated into the main business.

==Financial Irregularities==
In July 2002, during a troubled period for Xerox Corporation after allegations of accounting irregularities by the [[U.S. Securities and Exchange Commission]],<ref>{{cite web|url=https://www.sec.gov/litigation/complaints/complr17465.htm |title=Complaint: SEC v. Xerox Corporation |publisher=Sec.gov |access-date=2010-07-16}}</ref> Xerox Corporation disclosed that Xerox ModiCorp had made "improper payments" to government officials <ref>{{cite web|url=http://www.rediff.com/money/2002/jul/02xerox.htm |title=Xerox says Indian unit made 'improper payments': Reuters |publisher=rediff.com |date=2002-07-02 |access-date=2010-07-16}}</ref> and fictitious firms.<ref>{{cite web|url=http://www.rediff.com/money/2002/jul/21xerox.htm |title=Xerox made payments to fictitious firms: PwC |publisher=rediff.com |date=2002-07-21 |access-date=2010-07-16}}</ref> A government probe later found Xerox Modi Corp had violated certain corruption laws and in May 2005 it was reported that action would be taken against the company. At this time Xerox ModiCorp announced its name change to Xerox India.<ref>{{cite news|author=Asia Pulse Pte Ltd |url=https://www.forbes.com/infoimaging/feeds/infoimaging/2005/01/24/infoimagingasiapulse_2005_01_24_ix_3744-0083-.html |title=Indian Govt to Form Inter-AGENCY Action Against Modi Xerox |work=Forbes.com |date= 2005-01-24|access-date=2010-07-16}}</ref>
After all these activities Modi Xerox closed its factory in Rampur.
According to the Economic Times,<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2005-03-28/news/27489725_1_xerox-modicorp-bk-modi-group-xmc |title=Xerox looks to up stake in Indian arm to 100% |date=28 March 2005 |newspaper=The Economic Times |authors=MK Venu & Rajeev Jayaswal |access-date=27 June 2012}}</ref> Xerox Corporation owned 86% of Xerox India in March 2005 and is seeking 100% control. The remaining shares are held by Modi Rubber and private stakeholders.

==See also==
* [[Xerox]]
* [[Rank Xerox]]
* [[Fuji Xerox]]

==References==
{{reflist}}

==External links==
*[http://www.xerox.com Official Xerox homepage]
*[https://web.archive.org/web/20050404211010/http://www.modigroup.com/associated.htm Modi Group]
*[http://www.financialexpress.com/fe_full_story.php?content_id=88014 Financial Express: "New reality bites BK Modi"]

{{Modi Enterprises}}
[[Category:Xerox|India]]
[[Category:Companies based in Gurgaon]]
[[Category:Electronics companies of India]]
[[Category:Indian subsidiaries of foreign companies]]
[[Category:Companies established in 1983]]
[[Category:Modi Enterprises]]
[[Category:1983 establishments in Haryana]]

{{India-company-stub}}