### **Overview** Calcom Vision Limited, founded in 1976, is a leading Indian Original Design Manufacturer (ODM) and provider of Electronics Manufacturing Services (EMS), specializing in energy-efficient electronics and consumer durables. Headquartered in Greater Noida, Delhi NCR, the company has evolved from manufacturing calculators and televisions to becoming a global leader in LED lighting and emerging smart and sustainable technologies. With a fully integrated 30,000 square meter manufacturing facility, Calcom serves major multinational brands such as Panasonic, Osram, Bajaj, Usha, Opple Lighting, Amazon, Philips, LG, and Samsung. --- ### **Core Business & Expertise** - **Business Models:** ODM and EMS, offering end-to-end product design, development, and manufacturing. - **Product Portfolio:** - **LED Lighting:** Bulbs, battens, luminaires, panels, downlights, smart lights, drivers. - **Outdoor & Industrial Lighting:** Street lights, flood lights, high bays, façade lights, well glass, linear suspended lights. - **Energy-Efficient Solutions:** BLDC fans (via JV), solar lighting (street lights, garden lights), EV chargers. - **Smart IoT Products:** Smart bulbs, smart plugs, home automation systems, smart poles. - **Manufacturing Strengths:** - In-house design, tooling, plastic extrusion, SMT, die-casting, powder coating, and testing. - Fully backward and forward integrated capabilities. - 10 SMT lines, 7 final assembly lines, 5 plastic injection molding machines, automated aging & testing systems. - **Certifications:** ISO 9001:2015, ISO 14001:2015, SA 8000:2014, BIS, IEC compliant. --- ### **Strategic Developments (2024–2025)** #### **1. Expansion into New Segments and Diversification** - **BLDC Fans:** - Formed **Calcom Taehwa Techno Private Limited (CTTPL)** in March 2023 – a 50:50 joint venture with Korea’s Taehwa Enterprise. - Launched energy-efficient product lines: Eco Range, Pro Range, and premium decorative models. - Developed proprietary BLDC drivers with IR/RF remote control, sensor integration, and LED compatibility. - Initial phase targets 100,000 units; positioned to tap into India’s INR 8,000–10,000 crore fan market. - **Solar Lighting:** - Successfully executed first commercial order for solar lights to a major brand (April 2025). - Product range includes: - All-in-One and Semi-Integrated Solar Street Lights (15W–150W) - Remote Monitoring-enabled solar solutions - Wall & garden lights - Active pipeline with multiple global brands; commercialization in advanced stages. - **EV Charging:** - Delivered EV Type-2 Chargers (full EMS & testing) to a multinational customer. - R&D and infrastructure in place for broader EV ecosystem products. #### **2. Capacity Expansion & Automation** - **PLI Scheme Investment:** Committed ₹25 crore upfront under the Indian government’s Production Linked Incentive (PLI) Scheme for LED components and drivers. - **Backward Integration Projects:** - Setting up in-house SMT lines with high-speed mounters. - Establishing plastic extrusion plant (for battens), robotic aluminum die-casting, powder coating, and automated drilling/tapping systems. - Expanding tool room with VMCs and plastic molding capabilities. - **Facility Expansion:** Adding ~25,000 sq. ft. to currently operational 30,000 sq. m facility. - **Automation Impact:** Productivity up 40%, manpower cost reduced by 20% (2023 data); ongoing automation of low-wattage bulb and batten lines. #### **3. Strategic Market Reorientation** - Shifted focus from low-margin commodity bulbs to **higher-margin professional, industrial, and outdoor lighting** (e.g., street lights, high bays). - Revenue mix (Sep 2024): - Indoor Lighting: 78.4% - Emergency Lighting: 20.26% - Outdoor/Smart/BLDC/EMS: ~1.34% (emerging high-growth segments) - Phasing out low-wattage commodity bulb reliance while automating production to maintain competitiveness. #### **4. Export Push & International Expansion** - Incorporated **Calcom Astra Private Limited** (July–Aug 2025), a wholly-owned export-focused subsidiary. - Led by COO **Rajat Behal** (25+ years in electronics and global business across US, Europe, Japan). - Focused on sourcing, vendor development, and export operations to **USA and Europe**. - Positioned to benefit from **China+1 de-risking**, U.S.-China trade tensions, and global tariff shifts. - Expanding presence through trade fairs and partnerships with international brands. - Current exports to USA and Middle East; targeting Europe under new strategy. #### **5. R&D & Innovation** - Spent INR 35.34 lakh on R&D in FY24 (2023-24), with in-house automation of design-to-production cycle. - Proprietary capabilities in: - Driver-On-Board (DOB) technology - Smart IoT integration - High-efficiency BLDC driver design - **Panasonic Recognition:** Lowest field return rate among its LED bulb vendors; rated best-in-class. #### **6. Key Customers & Partnerships** - **Strategic Customers (2025):** Panasonic, Amazon (via Etrade/Amazon Basics), Opple, Bajaj, Usha, Philips, Flipkart (LED bulbs), and **JP Minda Group** (new automotive partner, Jan 2025). - **Joint Ventures:** Calcom Taehwa Techno Pvt. Ltd. – combines Indian market insight with Korean BLDC technology. - **Funding & Ownership:** Raised INR 15 crore (2023) from Old Bridge Capital (11% stake). Promoters hold 67%, public 21%. --- ### **Market & Industry Positioning** - **LED Market:** India’s market projected to grow at **12% CAGR** to INR 33,820 crore by FY26. Calcom produces **7 million LED lamps/month**, with 41.4 million units sold annually (Indoor Lighting). - **EMS Opportunity:** Indian EMS valued at INR 56,000 crore; projected **38.1% CAGR** until FY23. Calcom capable of producing smart meters, wearables, hearables, and IoT devices. - **Sustainability & Cost Leadership:** - 350 kW solar plant saving INR 10,000/day; applying for net metering. - Design optimization, vendor benchmarking, and automation driving continuous cost reduction. --- ### **Recent Financial & Operational Highlights** - **FY23 Performance:** - Sales: INR **160.07 crore** (lifetime high), up 60% YoY. - 5-year CAGR: >45%; 2-year CAGR: ~67%. - PAT grew over **5.5x** from FY21–22. - **FY24 Outlook (Oct 2023):** Targeting 10–25% quarterly revenue growth, debt-free and cash-flow positive. - **CTTPL Sales:** INR 5.88 lakhs in FY23–24; strong volume growth anticipated due to government energy efficiency push.