APLAB LTD.

Founded in 1962 by Mr. P.S. Deodhar, Aplab Limited was originally incorporated as 'Applied Electronics Limited' on September 30, 1964. The Company changed its name to Aplab Limited on October 6, 1994. Company is engaged in the field of industrial power electronics, with its operations centered around the design, control, and conversion of electrical power to meet various industrial requirements. The Company is serving a moderate range of industries by offering reliable and application-oriented solutions that support efficient power management. In 1992-93, the company undertook an expansion-cum-diversification programme to manufacture electronic hi-tech systems like telecommunication test systems, smartcard-operated public payphones and high precision measuring instruments. It came out with a rights issue in Apr.'93 to part-finance the project. During the same period, the company also launched new products like Automated Teller Machines (ATM) and Branch Teller Machines (BTM). In 1995-96, the company was awarded the ISO 9002 certificate by S T Q C, Department of Electronics, Government of India. During the year, it earned foreign exchange worth Rs 0.16 cr. Further, it also started marketing new products from ELTRAC division like the ATM Salary Dispenser, Access Control System and Check-out Terminals, based on Smart Card Technology. The company is in the process of obtaining certificate of compatibility to IBA net working of ATMs in India. During the year 1998-99, the Company developed new products like Digital Transmission Analyser, PC Interphase Software for UPS, Function Generator, Battery Capacity Analyser, Multi-function Test System, 90KVA 50/400 Hz Frequency Converter IGBT Based PWM technology and High Current Programmable DC Power Supply. The Company's Fuel Dispensing Pumps have gone through all the tests and field trials and the company expects to do a business of around Rs. 3.0 crore of this product alone. During the year 1999-2000, the company has entered into strategic tie-up with Banqit AB, Sweden, a compact global solutions partner with ISO 9001 Certification to offer banking solutions to Indian Banking and financial sector for efficient delivery of financial services. The Company launched 10KVA 3 Phase UPS Systems for Air HQ, New Delhi, 75KVA 3 Phase UPS with special stabilizer in bypass line; 3.4GHz Frequency Counter for army; Low Cost Function Generators Range; Digital Timer for Greece Customer; Microwave Source for CAT, Indore; Defence Project for field enduring Power Racks; Distortion & Sinad Meter suitable for EMI-EMC Testing for UK Customer as new products during the year 2000-01. During 2001-02, it launched 12KVA Frequency Converter SPhase to suit Air Craft applications; Special Power Supply Unit for Automatic Rescue Device; 120KVA1 Ph Parallel Redundant UPS; Selective Frequency Level Meter; Programmable Pulse Generator; 10MHz Pulse Generator; Current Generator. Swicon Micro Systems Pvt. Ltd. was acquired through the process of amalgamation during the year 2004-05, which became a subsidiary of the Company, resulting of acquiring 100% shares of the Company. The erstwhile subsidiaries, Aplab Display Devices & Systems Limited and Swicon Micro Systems Limited got amalgamated with Company and accordingly, the assets and liabilities of these companies merged into it during year 2005-06. During the year 2012-13, the erstwhile subsidiary, Intel Instruments and Systems Limited got merged with the Company. The Company transferred all production and manpower from its Thane production facility to Navi Mumbai facility in 2022. It has launched a commercial-grade line of UPS systems (LLIT series) for small offices in 2025.