Dear Shareholders,
Greetings from Data Patterns.
I am pleased to present to you the annual report of Data Patterns (India) Limited for
the financial year 2024. Your Company has delivered yet another successful financial year
2023-24 creating significant wealth for the shareholders. The year also has been marked by
strategic progress in the product development initiatives started by your Company with the
QIP funds raised in March 2023.
At Data Patterns, we develop products and integrated solutions with the support of a
skilled management team. Our exceptional technical proficiency is the cornerstone of our
success. We are one of the few companies with presence across the entire spectrum of
Defence and Aerospace platforms. Our presence encompasses space, air, land, and sea, with
all electronic solutions developed and designed inhouse. Over the last few years, our
performance has clearly demonstrated our resilience, innovation, and commitment to
advancing our key product categories, viz., Radar Systems, Electronic Warfare Systems,
Communication Systems, Avionics, and ATEs.
I am delighted to report that Data Patterns has delivered robust financial results this
year. Our total revenue for the year increased by 15% over the previous financial year,
reaching Rs 520 Cr. We are consistently performing throughout the year resulting in lesser
reliance on any single quarter and leading to a diminishing pattern in business
seasonality. The order inflow also has been uniform throughout the year. We have an order
book of Rs. 1,083 Cr with a pipeline going forward of Rs 2 - 3 bn over next couple of
years.
At Data Patterns, innovation remains at the heart of our strategy. We have made
substantial investments in research and development, leading to the successful launch of
several new products and solutions. The company has invested significantly in R&D to
push technological boundaries and deliver solutions that meet the stringent requirements
of defence and aerospace sectors. This commitment to innovation is reflected in the
successful development and deployment of radar systems, electronic warfare suites, and
sophisticated communication solutions tailored to the specific needs of defence forces. We
have created solid domain expertise and skill sets over last three decades. Our
proficiency in research and development, engineering, and execution is widely
acknowledged. Each component we produce is meticulously designed in-house, within our
organization, truly a Make in India product. The company's engineers collaborate closely
with defence establishments and research institutions to stay ahead of emerging threats
and technological advancements. .
We have strengthened our presence in key markets domestically. This expansion is a
testament to our ability to adapt to diverse requirements and capitalize on emerging
opportunities in the country. Your Company is exploring all possibilities to enhance the
export opportunities as well.
The Indian defence sector is undergoing a significant transformation towards
self-reliance, reducing dependence on foreign suppliers, and enhancing indigenous
capabilities. India has made remarkable progress in developing a wide array of defence
equipment, from sophisticated missile systems to advanced fighter jets and naval vessels.
This journey is driven by robust investments in R&D, collaborations with academia and
private sectors, and strategic initiatives.
The country aims to shift from being a net importer to achieving self-reliance,
enhancing its global standing in defence. Over the next 5-7 years, the Government of India
plans to invest US$ 130 billion in fleet modernization across all armed forces. By
encouraging private sector participation, the government is actively pushing for
indigenous manufacturing, which strengthens defence preparedness and stimulates economic
growth through opportunities for local industries and high-tech innovation.
Your company is well-positioned to capitalize on emerging opportunities in the Indian
and global defence market. Leveraging a strong foundation in research and development,
coupled with agile manufacturing capabilities, we are poised for a promising future. Our
strategic vision and operational excellence reinforce Data Patterns' status as a trusted
partner for defence electronics solutions, poised to drive sustainable growth and create
long-term value for stakeholders.
I extend my sincere gratitude to our shareholders for their continued trust and
support, to our customers and partners for their collaboration, and to our dedicated team
of employees whose hard work and dedication are instrumental to our success.
Thank you for your continued confidence in Data Patterns India Limited.
Warm Regards,
Srinivasagopalan Rangarajan
Chairman and Managing Director
(Promoter)