In 1992 the formal establishment of Intellicon was effected through a concerted decision to give a new identity to the flagship company Essen Telecommunications . The scope of operations could then be redefined and free the company to advance into new technology products. The legacy of products being passed on to the new organization were C Dot base EPABX products. As a market leader in this category Intellicon successfully developed and marketed many niche solutions. With the new liberalized economy gaining momentum in India Sameer Parekh a US returned technocrat and the managing director of Intellicon pursued the plan to diversify into new and emergent technologies in telecommunications and also explore opportunities in other Advanced Technology areas. By 1996 Intellicon had identified a new emergent technology area namely automatic data capture solutions as its new area of interest. Although a fairly mature industry in the west Automatic Data Capture was still finding its feet in India. There was little or no development in the industrial front and the retail sector had yet to assume the scale of western malls and superstores. Moreover the contribution of this industry to the corporate bottom line and its marked efficacy in logistic operations was not appreciated in its full import.
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