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Is Neoteric Shutting Down Its IT Distribution Business?

Neoteric Infomatique, one of the prominent IT distribution companies in India has allegedly decided to terminate its IT hardware distribution business. According to the sources familiar with the development, shrinking profit margins and huge losses on stock inventory are the major reasons behind the decision to cease the distribution business. “If you take huge inventory of your biggest vendor and unable to sell it, then it definitely creates a massive pressure on the working capital. It might have happened in case of Neoteric as the company could not sell huge...