1. Group revenue growth target of 50% CAGR over three years - Management is confident of achieving at least a 50% revenue CAGR over the next three years, supported by new market entry, partnerships, and PLI scheme benefits, and targeted \~50% YoY growth for FY26 backed by high-margin products and OEM contract-led manufacturing. At the company’s FY26 revenue of ₹243 cr, sustaining that pace would more than triple the top line by FY28, directly scaling the ₹27 cr EBITDA base.
2. ₹100 cr ESDM capex via Technofy Digital - The board approved up to ₹100 cr in capex through subsidiary Technofy Digital for plant, machinery, land, and technology infrastructure to expand manufacturing capacity and deepen backward integration, with an initial ₹2.25 cr upfront investment approved in April 2026 and a six-month completion timeline. This capex, equal to roughly 15% of the current market cap, adds capacity to capture domestic and global electronics demand just as PLI disbursements to electronics manufacturers crossed ₹5,732 cr in FY25.
3. Non-Chinese chipset CCTV manufacturing starting Q1 CY2026 - Production of indigenous, non-Chinese chipset-based CCTV and surveillance solutions is expected to commence by Q1 CY2026, targeting a $4.8 bn India CCTV market that is projected to reach $14.25 bn by 2031. Moving into government-trusted, secure surveillance hardware opens a large public-sector procurement funnel that the company’s existing Digital Surveillance product line can immediately serve.
4. ₹42.5 cr telecom SITC work order, 70% billed in FY26 - A ₹42.50 cr work order for supply, installation, testing, and commissioning of telecom and IT infrastructure, plus O&M, was received in July 2025, with approximately 70% to be billed in FY26 and the balance over 10 years. That single order represents over 17% of FY26 revenue, landing in a segment already lifted by 5G buildouts and the PLI scheme for telecom equipment.
5. Design-led manufacturing mix shift to 33% of revenue - DLM currently contributes 20-25% of revenue, and management targets 33% within three years, with DLM carrying higher margins from design ownership, bill-of-material optimization, and recurring after-sales revenue streams. A 33% DLM mix on a growing revenue base would lift the 11.1% FY26 OPM, since DLM engagements inherently earn more per rupee of revenue than the CLM baseline.
6. AI server design and manufacturing for SMBs and data centers - Entry into AI server design and manufacturing was announced in October 2024, with features targeting high computational power, scalability, and energy efficiency, and the Smart & Secure Compute segment already driving premium pricing and longer customer engagement cycles. This places the company in the fastest-growing slice of enterprise IT spend, where AI-capable hardware commands structurally higher realizations.
7. PLI scheme participation in IT hardware and telecom - The company is selected as a Domestic Company under PLI Scheme 2.0 for IT Hardware and in the MSME category under the PLI Scheme for Telecom and Networking Products, with electronics manufacturers receiving ₹5,732 cr of the total PLI disbursements in FY25. PLI incentives drop directly to the bottom line on qualifying production, providing a recurring subsidy tailwind as manufacturing volumes scale.