### **Overview** Aartech Solonics Limited, incorporated in 1982 and headquartered in Bhopal, India, is a publicly listed (BSE-SME) technology enterprise specializing in high-reliability power switching, control, and protection systems. With over four decades of experience, the company operates at the intersection of advanced energy solutions and defense innovation. It maintains manufacturing facilities in Mandideep (Madhya Pradesh) and Parwanoo (Himachal Pradesh) and is DSIR-recognized for its in-house R&D capabilities. Aartech follows a dual growth strategy—strengthening its **Products Vertical** with differentiated, high-margin offerings and expanding its **Projects Vertical** to solve complex, innovation-driven industrial challenges. The company aligns its mission with national initiatives such as *Atmanirbhar Bharat*, *Make in India*, and the *Green Energy Corridor*, positioning itself as a key player in India’s infrastructure modernization and clean energy transition. --- ### **Core Business Segments & Recent Developments (as of Sep 2025)** #### **1. Control & Relay Panels (CRP) & Substation Automation Systems (SAS)** - Expanded operations into two new Indian states, deepening its pan-India footprint. - Launched **SCADA-compatible, BCU-integrated panels** for modern, smart grid-compliant substations. - Positioned to benefit from government tenders for over **15 GW of new thermal power capacity by 2027** and the Revamped Distribution Sector Scheme (RDSS). - Secured a significant order from **Chhattisgarh Power** for SCADA-enabled panels, reinforcing leadership in the domestic utility sector. #### **2. Bus Transfer Systems (BTS)** - Flagship product **Aartech BTS-2000** is microprocessor-based and sets international benchmarks for fast, reliable power transfer in critical applications. - Widely deployed in **nuclear power plants, refineries, and process industries** using customized 3- and 4-breaker schemes. - Executed a retrofit export project for **Jawa Power, Indonesia**, and won a **major export order for the Middle East**, demonstrating global competitiveness. #### **3. Export Growth & International Expansion** - Executed its **first export project in the UK**, delivering ultracapacitor-based energy storage systems for an **Innovate UK-funded project** with the **Global Centre for Rail Excellence (GCRE)** in collaboration with the **University of Birmingham**. - Secured export orders in the **Middle East**, including for **Fault Current Limiters (FCL)** in Qatar via technical collaboration with **G&W Electric (USA)**. - Established **Aartech Solonics UK Limited** and **Aartech Solonics Inc. (USA)** to support international growth. - Selected for prestigious cleantech accelerators: **Cleantech Open Accelerator 2024** and **Grid Catalyst PowerNorth Incubator Cohort 2025**. #### **4. Defense & Strategic Collaborations** - Developed the **Adaptive Alternate Power Module (AAPM)** in collaboration with **IIT Powai** and the **Indian Army**, tailored for armored vehicles like the **K9 Vajra tank**. - Reduces fuel consumption, extends engine life, and enables silent watch operations. - Now in competitive procurement and patented (Application No. E-2/1858/2024/MUM). - Supplies **KranKing® Ultracapacitor-based jump-start systems** to the Indian Army for Class A vehicles, effective even in extreme high-altitude, low-temperature environments. - Key participant in **iDEX (Innovation for Defence Excellence)**, with two honors awarded under DISC 11 (Defence India Startup Challenge). - Working with **MANIT Bhopal** under CPRI-RSOP on sustainable control frameworks for **rural microgrids**. #### **5. Faradigm® Ultracapacitors Pvt. Ltd. (100% Subsidiary)** - Spearheads Aartech’s energy storage vertical, focusing on high-speed discharge, **ultracapacitor-based systems** for defense, rail, and industrial automation. - Active sales pipeline exceeding **₹100 crores** across defense, rail, and e-mobility. - Co-developed **AAPM** and supplying to key defense platforms. - Expanding production capacity with a new manufacturing unit under construction at **Mohasa-Babai**. - Exploring hybrid solutions using **solid oxide fuel cells (SOFC)**, flywheels, and advanced batteries. - Strategic equity investment in a **UK-based flywheel storage startup** to enhance global technology access. #### **6. Trading Business (Launched FY 2024–25)** - New revenue stream aiming to make Aartech a **one-stop sourcing partner** for engineered power components. - Targets **PSUs, R&D institutions, academic centers, and overseas clients**. - Secured initial orders from major **PSUs** and international clients for high-volume, low-lead-time supply chains. - Supplies accessories and components to utilities and EPCs, improving client retention and operational diversification. #### **7. Innovation & R&D Leadership** - Operates a **DSIR-recognized R&D center**. - Developing **SAS-compliant smart grid components**, defense-grade embedded electronics, and solar-integrated infrastructure (e.g., **Saur Stambh** solar street lighting with Agri-IoT). - Active in **UNIDO FLCTD project**, delivering the **FaraDigm® ECO-RTG Fuel Saver** for carbon reduction in container terminals. - Filed **multiple IP rights**, including for the AAPM, reinforcing focus on indigenous innovation. #### **8. BestCase Division** - Specializes in **rugged, IP-rated enclosures** for defense, research, and industrial use. - Delivered custom tool cases to **Indian Air Force and Indian Navy**. - Over **500 customers** served in FY 2024–25; achieving sustained **>10% annual growth** in customer base. - Enhancing modularity for tactical and niche R&D applications. --- ### **Strategic Projects & Technological Milestones** - **Electro-Magnetic Launch System (EMLS):** In collaboration with **R&DEE Pune**, developing a next-gen launch system for aircraft, UAVs, and drones from compact naval platforms. - **DRDO EMALS Demonstrators:** Only Indian company to have delivered **two large-scale ultracapacitor demonstrators** for Electro-Magnetic Aircraft Launch Systems. - **Fault Current Limiter (FCL):** Deployed in petrochemical sectors with **G&W Electric**, enhancing grid safety and flexibility. - **SAUR STAMBH Project:** Solar-powered high-mast lighting with IoT integration for agriculture, supported by the Department of Science & Technology (DST). --- ### **Financial & Operational Highlights** - **FY 2024–25 Revenue:** ₹35.70 crores, with growth across all divisions. - **Record Order Book:** Highest in company history, ensuring strong revenue visibility. - **Diversified Revenue Streams:** Products, Projects, and the newly launched Trading business. - **Global Project Execution:** Demonstrated capability in the UK, Indonesia, Qatar, and the Middle East. - **Capacity Expansion:** Ongoing investment in manufacturing, technology, and R&D to support scaling. --- ### **Growth Strategy for FY 2025–26** - **Top-Line Growth:** Expand high-margin product lines (CRPs, BTS, FCLs, ultracapacitors). - **Export Expansion:** Target **UK, Middle East, and Southeast Asia** through partnerships with global EPCs and OEMs. - **Margin Improvement:** Drive operational efficiency, value-based pricing, and supply chain optimization. - **Technology Acquisition:** "Go Global – Act Local" strategy—acquire overseas capital-intensive tech, localize R&D and manufacturing in India. - **Market Diversification:** Strengthen presence in rail, renewables, data centers, and maritime sectors.