### **Overview** Avalon Technologies Ltd is one of India’s leading **fully integrated Electronics Manufacturing Services (EMS)** providers with a **global delivery footprint**, operating a **unique dual-shore hybrid model** across **India and the United States**. It is the **only Indian EMS company with full-fledged manufacturing facilities in the U.S.**, positioning it as a strategic partner for global OEMs in high-mix, high-complexity, and mission-critical applications. The company offers **end-to-end, one-stop EMS solutions**—from concept and design through full-scale manufacturing, testing, logistics, and aftermarket support—making it a preferred partner in sectors requiring **engineering precision, long product lifecycles, and regulatory compliance**. --- ### **Business Model & Operational Footprint** - **Hybrid Manufacturing Model**: Combines cost-efficient, scalable manufacturing in India with high-automation, compliance-driven production in the U.S. - **15 Manufacturing Units** (as of Nov 2025) across India (Chennai, Bengaluru, Tambaram) and the U.S. (Suwanee, GA; Fremont, CA), with facilities in **SEZ and DTA zones**. - **Total Footprint**: Over **575,000 sq. ft.** of integrated design and manufacturing space. - **Dual Delivery Advantage**: Enables flexible sourcing—“Made in India” for cost efficiency, “Made in USA” for regulatory and proximity needs—supporting customers in **long-term, deep OEM relationships**. --- ### **Core Offerings & Capabilities** Avalon provides **vertically integrated** services across the electronics value chain: 1. **Printed Circuit Board Assembly (PCBA)** - Up to 32-layer boards, BGA/QFN assembly - 99%+ yield, Class 1000/ISO 6 cleanrooms - Certifications: IPC-A-610, J-STD-001, ISO 9001, IATF 16949, UL 2. **Box-Build Solutions (49–50% of revenue)** - Complex system integration including enclosure, power, cooling, software, and final testing - >99% first-time-right assembly rate 3. **Cable & Wire Harnesses** - Flat ribbon, RF, overmolding, potting, ultrasonic welding - IPC/WHMA-A-620 certified 4. **Sheet Metal Fabrication & Machining** - Complex builds, reverse engineering, AS9100D, NADCAP certified 5. **Plastics & Magnetics** - Injection, over-molding, toroidal and linear winding 6. **New Product Development (NPD)** - Full-cycle design, DFX, signal/power/thermal analysis - 99% first-time-right design success rate 7. **Logistics & Supply Chain Management** - Integrated warehousing and distribution within manufacturing units --- ### **Strategic Focus & Growth Drivers** #### **1. Geographic & Sector Diversification** - **Target Markets**: India and the U.S.—leveraging India’s cost advantages and manufacturing push, and the U.S. as a gateway to global high-value customers. - **Revenue Mix (FY2025)**: **57% U.S., 43% India**, reflecting growing domestic adoption. - **Export Reach**: Supplies to **18 countries**, with 70% of export customers in the U.S. and Europe. #### **2. High-Margin, Mission-Critical Verticals** Avalon focuses on **aerospace, clean energy, rail, industrial, medical, and semiconductor equipment**—sector with **high barriers to entry** and **long product lifecycles**: - **Aerospace**: Cabin systems, seating, engine parts, smoke detectors, wipers (AS9100D certified) - **Railways**: Electronic interlocking, **Kavach anti-collision systems**, traction, braking (RDSO-approved) - **Clean Energy**: - **Solar**: Trackers, inverters, chargers - **EVs**: Battery management, motor controllers, onboard chargers - **Hydrogen**: Electrolyzer subsystems, power supplies - **Semiconductor Equipment**: New entrant via partnership for **Industry 4.0-compliant box-builds** - **5G & Digital Infrastructure**: RRH, BBU, satellite control panels, fleet management #### **3. Strategic Partnerships & Innovation** - **Zepco Technologies**: Expansion into motors, drives, and power solutions for EVs, drones, defense - **CDAC (RUDRA HPC Program)**: Indigenous server development - **Global Aerospace OEMs**: Supplying critical systems and executing factory transfers to India - **Clean Energy Pioneers**: Design-to-scale partnerships in solar, home electrification, and green hydrogen --- ### **Recent Highlights & Achievements (H1 FY26 & FY2025)** - **Revenue Growth**: - **₹705.8 crore** in H1 FY26 (+48.7% YoY) - **₹1,098 crore** in FY2025 (+26.6% YoY) - **Profitability**: EBITDA margin improved to **9.7%** (from 7.3% YoY), with expectations to exceed **13%** in 2–3 years - **Awards**: - “**Supplier of the Year**” by a leading railway OEM - “**Premier Partner**” and “Premier Award” from Raytheon Technologies - **Certifications**: **AS9100D**, ISO 14001, ISO 45001, ISMS 27001, NADCAP - **New Facilities**: - **Export-focused unit in Chennai (MEPZ)** commissioned - **Two new plants under construction** for domestic demand and specialized manufacturing --- ### **Growth Strategy** Avalon’s strategy revolves around: 1. **Winning New Business** through **design-led engagement**, scaling to full box build 2. **Expanding Wallet Share** via **up-selling and cross-selling** in existing accounts 3. **Entering Sunrise Sectors**: Clean energy, EV, hydrogen, semiconductor equipment, 5G 4. **Geographic Expansion**: Capturing domestic India growth and deepening U.S. footprint 5. **Operational Leverage**: Scaling capacity, automation, and process excellence to improve margins --- ### **Strategic Positioning & Vision** Avalon positions itself as a **high-complexity, high-reliability** EMS partner, **"Broadening Horizons. Accelerating Growth"** in both traditional and emerging sectors. It leverages: - **India’s PLI, Make in India, and Aatmanirbhar Bharat** policies - **Global supply chain diversification trends** ("China+1") - **Electrification, digitalization, and sustainability megatrends** The company is well-positioned to become a **global hub for advanced EMS**, capitalizing on its **integrated capabilities**, **engineering excellence**, and **strategic Indo-U.S. footprint**.