AGM Notes .
Overall seems like this company on transformation phase from a service provider to a DLM player.
Some of the points discussed are given below.
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DLM will grow to become 40%-50% of overall business from current 15% in next 2-3 years.
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Current revenue mix
Hitek (semicon+electronics) 45%
Auto mobile 20%
IT 20%
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In Semi/electronics space we don’t have any competitors in India, in automobile there are many players.
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Working with many EV players, beginning to scale these segment now. Working with iisc for some products in autonomous vehicle, we will talk about it after reaching the RnD to some level. Also in the process of building some equipment’s for EV.
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Additive manufacturing we do it for last few years and have plans for it
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We works with no 1 and no 2 players in semicon equipment space. Cannot disclose names and other details as we have NDA with them.
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No slowdown/recession in the segment we operate we see many opportunities emerging in the areas. Conservatively we will do 20% revenue growth for next few years. Without any inorganic and major product wins.
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Asm ventures : a) Lavella, airtel planning to aquire more stake it is doing well and became largest sdwan company in the country. b) Eclectic : We developed some cyber security products for manufacturing industries after partnering with them. This is getting some traction now.
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120-130 products under qualification process some are through and some are at trial stages. Normally it takes 6 to 24 months for the entire process. We have been spending lot of money for these processes in last 2-3 years.
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Forms and Gears running at over all 40-60% capacity utilization. old plant running at 60% and two new units are running at 40% And further expansion is considering in next few months. Turn around should happen in this year.
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Semicon JV : Couple of equipment’s we are building we will be able to talk about only after some level. Industry is at inflection point in India and globally.
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