Mic Electronics ltd was promoted by Ramana rao, who had his engg graduation from Andhra Univerity, ME from PSG and PhD from JNU. Starting as a lecturer he started his entrepreneurial activties by developing moving display boards for railway stations, bus stands and became leader with LED display boards. A pioneering effort by a technocrat. For the financial year ended June 2006, the company reported revenues of 104.41 crore and a net profit of Rs 15.59 crore.
MIC Electronics Ltd is tapping the capital markets with a public issue for 51,00,000 shares at a price band of Rs 129 to Rs 150, to raise between Rs 65.79 crore and Rs 76.50 crore.