Electronic Tuners added in its product segment. During the year 200405 One of the group company Ondia Savak Ltd had been merged with the company.

MIRC rewarded its shareholders with an allotment of bonus shares in the ratio of one share for every one share held in the company.

The company sold its Onida Infotech division during the same year. In 200102 it had launched the 29 inch Home Theatre the first to convert a mono recording into a 5.1 output surround sound.In 200304 MIRC decided to come out from its noncore business to strengthen its core business segment. With effect from 1st April 2001 Onida Infotech Services Ltd was merged with MIRC Electronics Ltd.

In 19992000 the company introduced multicoloured Candy in the 14 inch TV segment.In the fiscal 2001 it came out with 29KY Thunder series which was amongst the first 650 watt television set in the world and has embarked on the process to launch a plasma display tube television in collaboration with Fujitsu. In 199899 it introduced the WEBCRUISER the world first internet TV the trendy TV and PIP in the 25 segment. During 199798 the company came out with a new range of products christened Techno Value which has been launched with considerable success. The company was awarded ISO 9001 certification during 199495.The company concentrated on reinforcing and improving the penetration of its sales and after sales support infrastructure. The company has opened Onida Arcades exclusives retail shops and introduced stateoftheart wide vision TVs and audio systems. Commercial production at the expanded capacity started from Jul.1995. MIRC tapped the capital market to finance its CTV expansion and diversification into the audio segment. Other group companies are Onida Saka and Monica Electronics. The company has two subsidiary companies Akasaka Electronics Ltd. MIRC is a market leader in consumer electronics goods it manufactures the well known Onida brand of colour televisions CTVs Air Conditioners Washing Machines TVComponents Spares and Electronic Tuners. Later it transformed as a public limited company in 1992. MIRC Electronics Ltd was incorporated in 1981 as a private limited company by Gulu Mirchandani Vijay Mansukhani and Sonu Mirchandani of the Onida group.

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