Global leadership in manufacturing precision engineering components using MIM technology.
Long-standing relationships with Indian and global OEM customers.
Diversified product portfolio catering to applications across multiple industries.
Backward integrated, dual-shore manufacturing capabilities with focus on efficiency.
Export driven player with extensive global distribution capability.
Experienced promoters and management team supported by large employee base.
Track record of robust financial performance.
The company derives a significant portion of its revenue from the company's top 10 customers, who contributed 38.41%, 38.94% and
42.00% of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The loss of such customers or
a significant reduction in demand of the company's products from these customers could have an adverse effect on its
business, results of operations, financial condition and cash flows.
The company's business is dependent on exports and the performance of geographies where its supply the company's products. Its export
the company's products to various countries and its revenue from outside India represented 77.20%, 89.92% and 88.26% of
the total revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Any adverse changes in the
conditions affecting the industries in global markets in which the company's products is supplied, can adversely impact its
business, cash flows, results of operations and financial condition.
The company does not has definitive agreements having commitment on part of its customers to purchase or place orders
with its. The company generally does business with its customers on a purchase order basis and the company's customers does not make
long-term commitments/ agreements with its. If the company's customers choose not to source their requirements from its,
there may be an adverse effect on the company's business, results of operations, financial condition and cash flows.
Loss of any of the company's suppliers or a failures by its suppliers to deliver the company's primary raw materials such as metal powders
and polymers may have an adverse impact on its ability to continue the company's manufacturing process without
interruption.
The company imports a significant portion of its raw materials constituting 60.95%, 61.80% and 59.63% of the company's total
purchases of raw materials in Fiscals 2026, 2025 and 2024, respectively. Any restrictions on imports or fluctuation
in global commodity prices that affect its raw materials could adversely affect the company's business, results of operations,
cash flows and financial condition.
The company's operations is significantly dependent on its manufacturing facilities, and the shutdown or slowdown of
operations at any of the company's manufacturing facilities could have an adverse effect on its business, results of operations,
financial condition and cash flows.
The company's manufacturing facilities in India is concentrated in south India and any adverse developments affecting this
region could have an adverse effect on its business, results of operations, financial condition and cash flows.
A portion of the Net Proceeds will be utilized for repayment or pre-payment of a loan availed by the Company from
HDFC Bank Limited, which is one of its Book Running Lead Managers and Axis Bank Limited and Kotak
Mahindra Bank Limited which are affiliates of certain of the Book Running Lead Managers.
The company's Promoters, Directors and KMPs has received certain show cause notices for alleged non-compliance with
mandatory appointment of a cost auditor and for a mandatory cost audit which could potentially impact the
reputation of the Company and its may be subject to regulatory actions in the future.
The name of one of the company's Promoters and its Chairman and Managing Director, Krishna Chivukula has appeared
in the list of disqualified directors in the past.
