Intersil (India) Pvt. Ltd. was established in 1979 as a technical and financial collaboration between the Mehra family and General Electric for assembly and test of semiconductor devices. The company diversified into software services and real estate since its inception.
Today it boasts a Joint Venturewith Deer Creek Pharmacy Services Inc. a leading end to end provider of pharmacy dispensing and EMAR services to over 200 long term care and skilled nursing facilities across the United States.
Intersil (India) also has its own iOS development team focussed on developing mobile applications for iphone users in the healthcare space and expects to launch its first app on the Apple store in 2013.
Intersil (India) exited its semiconductor and software businesses in 2005 and 2009 respectively and diversified into real estate with an investment in land in a prime residential area in New Delhi. The Company expects to develop this land in the next 12 to 24 months.
Intersil (India) also has decades of experience in the debt and equity markets and manages its own portfolio in house. The debt is spread over several Tata companies and equity positions are mostly in large cap blue chip stocks.