Exicom Tele-Systems Ltd. IPO

Incorporated in 1994, we are an India headquartered power management solutions provider, operating under two business verticals, (i) our critical power solutions business, wherein we design, manufacture and service DC Power Systems and Li-ion based energy storage solutions to deliver overall ... energy management at telecommunications sites and enterprise environments in India and overseas (“Critical Power Business”); and (ii) our electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein we provide smart charging systems with innovative technology for residential, business, and public charging use in India (“EV Charger Business”), and which commenced commercial sales in the Financial Year ended March 31, 2019. We were amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, we had a market share of 60% and 25% in the residential and public charging segments, respectively (Source: CRISIL Report). Furthermore, in our Critical Power Business, we occupy a market share of 16% in the DC Power Systems market and are recognized in the market for Li-ion Batteries for application in the telecommunications sector, having a market share of approximately 10% as of March 31, 2023 (Source: CRISIL Report). Under our Critical Power Business, our products are categorized under indoor power systems, outdoor power systems, hybrid power systems and Liion Batteries and under our EV Charger Business, our products are categorized under AC chargers and DC fast chargers. Further, we provide our customers with a wide range of services covering installation and commissioning, maintenance and operations, supplying individual spare parts and repair and return. Read more

Our Company was incorporated as “Himachal Exicom Communications Limited”, a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh, situated at Jalandhar on May 9, ... 1994. Our Company was granted a certificate of commencement of business on May 11, 1994, by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh, situated at Jalandhar. The name of our Company was changed to “Exicom Tele-Systems Limited”, pursuant to a resolution passed by our Shareholders on August 6, 2008, and a fresh certificate of incorporation consequent upon change of name issued by the RoC on August 11, 2008.

The increasing demand for mobile data and voice services, the growing adoption of 4G and 5G networks, and the need for reliable and uninterrupted power supply for telecommunication towers are the key factors driving the growth of the global telecommunication power market. The market size for ... telecommunication DC power systems (including hybrid systems) in India is estimated at ~ ? 15 billion for Financial Year 2023, with upgradation and replacement demand expected to drive the industry with 75% demand while balance 25% demand expected on account of new tower additions. The energy storage solutions market for telecommunications is valued at ? 19.5 billion in Financial Year 2023, while the market size for Li-ion battery energy storage systems in data centers is valued at ? 3.2 billion in Financial Year 2023. CRISIL MI&A estimates the current EV charging market in India to be valued at ~ ? 8.5 billion as of Financial Year 2023. Read more