Wiring harness is captive only, And medical devices they haven’t really started much in it… it’s mostly panels for xray machine i believe… Majority of the business currently is for panels.
Sharing some findings befor i invested in the IPO:
Jo MTAR – Bloom Energy ka relation hai …waise hi kuch
Sakshi – General Electric ka lag raha hai.
Founder is also an ex employee of GE. More you read about this company more interesting it seems.
21 years of working experience.
Products division:
Healthcare
Control Panel
Locomotive
Wire Harness
Major ClientS:
GE – plans to divest non-core business and focus more on industrial business – like aviation, healthcare, and renewable energy.,
Baker Hughes ( formerly a GE company) – into oilfield exploration and drilling (growth prospects increases with rising crude,
Kirloskar,
Wipro+GE JV – specializes in medical imaging and diagnostics – among prominent players who are exporting medical devices.
-The medical devices market in India was estimated to be US$ 12 billion in 2020, but it has the potential to reach US$ 50 billion by 2025.
-Diagnostic imaging is expected to expand at a CAGR of 13.5% between 2020-25.
-The sector includes large multinationals and small to mid-sized companies, offering opportunities for domestic players to penetrate global markets.
-Government initiatives, research and development (R&D) focus, and 100% FDI are supporting the growth of the medical devices sector.
Wabtec (Locomotive) – Wabtec operates under two financial reporting segments: Freight segment, which includes Equipment, Components, Services and Digital Intelligence; and the Transit segment, which includes Equipment and Aftermarket Services
All sectors they are working in have huge potential. Very interesting company.
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