Exicom Tele-Systems Limited IPO Detail

Incorporated in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business vericals.

1. Power Systems: Exicom provides uninterrupted power solutions for digital communication networks. 
2. EV Charging Solutions: Exicom has deployed over 6,000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.

As of March 31, 2023, the company is one of the first to enter the EV charger manufacturing segment in India. The company operates in the EV Charger business, which offers both slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways). The customer base includes established automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators.

By March 31, 2023, the company had installed more than 35,000 EV chargers across 400 locations in India.

The company's manufacturing facility is compliant with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015.

The company's revenue from operations increased from ₹ 5,129.05 million in FY'21 to ₹ 7,079.30 million in FY'23, representing a CAGR of 17.48%.

As of September 2023, the company has supplied its EV Chargers to over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs and four fleet aggregators.

As of August 31, 2023, the company employs 1,124 employees in India, of which 421 are contractual. 705 employees are technically qualified - 431 with diplomas and 274 with engineering degrees. The company also has 43 employees at its subsidiaries.