OUR BUSINESS
Our Company was incorporated on August 12, 2016 We are a global high precision engineering solutions company specializing in manufacturing of complex products with “build to print” and “build to specifications” offering, which involves machining, fabrication, assembly, testing and creating new products basis the specific requirements of our clients for the aerospace, defence, energy and semi-conductor industries.
We have established ourselves as a leading manufacturer of complex tooling, mechanical assemblies, electro-mechanical turnkey systems and precision components, widely used in the aeroengine and airframe tooling for production, MRO and line maintenance activities .
Our product portfolio includes, inter alia, engine lifting and balancing beams, assembly, disassembly and calibration tooling, ground support equipment, airframe assembly platforms, engine transportation stands, mechanical & electro-mechanical turnkey systems, and precision components.
We are a key link in the global supply chain for global aerospace, defence, semi-conductor and energy OEMs and their licensees for the supply of critical parts like aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision engineered components.
Our key clients include top global airframe and aero-engine OEMs and their approved licensees.
The salient features of our products are complexity and a “high-mix, low volume nature”, characterized by high mix products which are not mass manufactured.
We offer a wide range of products (“SKUs”) but produce relatively small quantities of each based on specific customer requirements. Our ability to efficiently manufacture even single units of a particular SKU provides us with the flexibility to optimize pricing and maintain high profit margins.
we have manufactured 2,356 SKUs in tooling and precision complex sub-assemblies’ category and 624 SKUs in the precision machined parts category, supplying to more than 26 customers across 7 countries.
- Aerospace
- Defense
- Semiconductor
- Space
- Power-Generation
- Industrial
we had two manufacturing facilities, Unit I and Unit II, in Bangalore which is spread across an aggregate area of over 1,20,000 sq. ft. Our facility in Unit I in Peenya, Bangalore, is spread across an area of over 30,000 sq. ft. and our Unit II facility in Devanahalli is situated in a Special Economic Zone (“SEZ”) near Bangalore International Airport which is spread across an area of over 90,000 sq.
As an engineering solutions provider, we offer a range of capabilities, from product conceptualization to final assembly. Our capabilities include design, engineering, manufacturing, and quality assurance, enabling us to deliver complex and customized solutions to our clients.
Our capabilities include
- design and engineering,
- manufacturing,
- fabrication,
- special process,
- electrical and electronic integration,
- assembly,
- quality inspection.
Our designs take care of designs for prototypes, designs for manufacturing and designs for serviceability using high-end design software and designing platforms.
Our engineering team undertakes tech-pack creations which include (i) 2D to 3D modelling, (ii) detailing, (iii) process planning, (iv) stage drawings, and (v) inspection planning.
OBJECTS OF ISSUE
1. Funding of capital expenditure for expansion through purchase of machineries and equipment by our Company.
2. Funding working capital requirements of our Company.
3. Investment in our Material Subsidiary for:
(i) purchase of machineries and equipment.
(ii) funding its working capital requirements.
(iii) repayment / prepayment, in full or part, of certain borrowings availed by our Material Subsidiary.
4. General corporate purposes.
Qualitative Factors
• We are a global high precision and engineering solutions company with capabilities to manufacture under two models
(i) build to print and (ii) build to specifications, for our customers.• We have established ourselves as an approved supplier for various industry leaders in aerospace, defence, semiconductor and energy sectors.
• We have developed and have a potential to further evolve our facilities to cater to all the specific and changing needs
and requirements of the customers with respect to the products we make and for the industry we supply products to,
allowing us to provide customized and tailored solutions ;
• We are a leading Indian exporter of aerospace components, with exports significantly contributing to our overall
revenue.
• We have a global delivery service model for supplying products to our customers, which includes logistical support
and direct export to various companies including USA and Europe;
• We are a key link in the global supply chain for global aerospace, defence, semi-conductor and energy OEMs and their
licensees for the supply of critical parts like aero tooling, ground support equipment, electro-mechanical subassemblies and other precision engineered components.
• We have established a sub-contractor ecosystem with vendors who undertake aspects of our manufacturing process
with limited complexity, enabling us to concentrate on critical aspects of the manufacturing process; and
• We are led by a qualified and experienced management team who are supported by a motivated and hard-working
team of engineers and other members.
Comparison with Listed Industry Peers :-
- MTAR Technologies Limited.
- Azad Engineering Limited.
- Paras Defence & Space Technologies Limited.
- Dynamatic Technologies Limited.
- Data Patterns (India) Limited.
