Dear Stakeholders,
It's my pleasure to present the 31st Annual Report of the Company
"Optiemus Infracom Limited" for the financial year 2023-24 and I take this
opportunity to share through this letter, financial highlights, the strategic initiatives
and achievements during the year and future outlook of the Company.
Financial Performance
On Consolidated basis, the Company has achieved revenue from operations of Rs
1,52,772.28 Lacs during F.Y. 2023-24 against Rs 1,17,388.10 Lacs in F.Y. 2022-23, thereby
registering a significant growth of 30%. Also, the net profit of the Company increased
from Rs 5,675.96 Lacs (F.Y. 2022-23) to Rs 4,186.80 (F.Y. 2022-23), reflecting a robust
growth of 36%. Our manufacturing and trading segments, focused on telecommunication &
allied products and electronic products, have continued to thrive, driven by strategic
partnerships and a commitment to deliver top-notch solutions to our customers.
Strategic Initiatives and Achievements
• During the year, the Company has entered into a Joint Venture Agreement with
Corning International Corporation, a company incorporated under the laws of Delaware,
United States of America and formed a JV cum Subsidiary Company viz. Bharat Innovative
Glass Technologies Private Limited" ("BIGTech") to manufacture "Made
in India" finished cover glass parts for Mobile Devices. BIGTech will help to expand
India's electronics manufacturing eco-system, as the Indian Government strengthens its
‘Make in India' initiative.
In furtherance towards this object, the set-up of manufacturing facility of BIGTech in
SIPCOT, Pillaipakkam, Tamil Nadu is ongoing. It will contribute significantly to the
creation of jobs and skill development within India's thriving technology sector.
• The Company has entered into Glass Supply and Trademark License Agreement with
Corning Incorporated, a Company incorporated under the laws of Delaware, United States of
America ("Corning") for manufacturing and sale of Screen Glass protectors.
• During the year, Optiemus Telecommunication Private Limited ("OTPL")
has been incorporated as a step-down subsidiary of the Company for manufacturing of
electronic and telecommunication products. OTPL has been selected as a beneficiary for
manufacturing of IT Hardware Products, under the PLI Scheme launched by the Ministry of
Electronics and Information Technology.
• The wholly owned subsidiaries of the Company viz. Optiemus Electronics Limited
and GDN Enterprises Private Limited, are well positioned player with market-ready capacity
and capabilities to address the growing demand. We are committed to enhance our
manufacturing capabilities and capacities to support our expanding operations. The
subsidiaries have also been in the forefront in continuously engaging in manufacturing and
trading of quality and innovative electronics, telecommunication & allied products.
OEL has won the prestigious award for "Best Use of Technology to Enhance
Manufacturing Operations (Electronic Manufacturing)" at the 3.0 Technology Excellence
Award -Manufacturing Edition 2024!
• During the year, the Company commenced a new business/ division namely
"Optiemus Unmanned Systems" and launched technologically-sophisticated, high
performance drones in various range. In furtherance to this object, the Company has also
incorporated a new Company viz. Optiemus Unmanned Systems Private Limited
("OUS")" as its Wholly Owned Subsidiary on June 21, 2024. OUS will focus on
producing high-quality, indigenous drones that can meet the specific needs of various
industries such as Defence, Agriculture, Mining, Solar Farms, Oil and Gas, Railways,
Highways etc.
By manufacturing drones in India, it would make a substantial contribution to the
Atmanirbhar Bharat campaign while supporting critical sectors from agriculture and
logistics to public safety and environmental monitoring.
OUS will be adopting a ‘Drone as a Service' strategy to reach out to target
markets and will be training around 6,000 pilots to manage a fleet of 5,000 drones by the
end of 2025.
Our achievements are a testament to the dedication of our personnel, the trust of our
customers and the cooperation of our stakeholders.
LOOKING AHEAD
"THE FUTURE IS IN INDIA"
While the global economy is still uncertain, India has emerged as the world's fastest
growing major economy. Electronics manufacturing has played a major role and will continue
to do so. Global trends of supply chain diversification and de-risking, coupled with
geopolitical tensions and fluctuating tariffs, are creating new business opportunities.
The manufacturing industry is experiencing robust growth due to growing capacity
utilization, the Production Linked Incentive ("PLI") Scheme and the "Make
in India" initiatives. The growth is further supported by favorable policies,
incentives and global firms diversifying supply chains to leverage India's strengths, a
large domestic market, skilled labour and quality design capabilities. The schemes
launched by the Government of India have been the driving force behind India's
transformation into a global manufacturing hub.
India is on track to become the third-largest economy globally, driven primarily by
favorable policies, technology and significant investments in infrastructure.
With a solid business model and well-charted strategy, we are poised to seize these
opportunities, driving growth and contributing to the nation's economic development. We
are ready to enter the future tech-driven world, equipped with one of the most modern
infrastructure and technology. As we are aspiring for a bigger tomorrow, we will continue
push and expand our boundaries and create new opportunities in the future.
We continue to focus on optimizing our operations and expanding our market reach,
ensuring a solid foundation for future growth. Backed by the trust and support of our
clients and stakeholders, we remain determined to build for tomorrow and solidify our
foothold as a key player in overall ecosystem of the electronic industry.
Conclusion
At the end, I would like to express my sincere gratitude to the Board Members,
employees, shareholders, customers and other stakeholders for the support and continued
faith in the Company. I will look forward to your support, as always, to take the Company
to even greater heights.
| Thanking You, |
| Sincerely, |
| Ashok Gupta |
| Executive Chairman |