Exicom Tele-Systems: Growth Strategy Detailed Ahead of AGM

Exicom Tele-Systems Limited announced the submission of its annual report for FY 2024-25. The report details the company's financial performance, business segments, and strategic initiatives, including the acquisition of Tritium, a global leader in DC fast charging technology. This acquisition is expected to expand Exicom's global footprint in North America and Europe, leveraging Tritium’s engineering expertise and market access with Exicom’s manufacturing prowess.

For FY 2024-25, Exicom reported a standalone revenue of ₹75,241.89 Lakhs and a consolidated revenue of ₹86,760.63 Lakhs. The company achieved significant milestones, such as securing a ₹1,680 crore Advance Purchase Order for the BharatNet project and a 24.8% YoY growth in EV chargers sold. The company continues to invest in R&D, launching new products like Harmony Boost and Harmony Direct 2.0, reinforcing its commitment to innovation and sustainability.

The report also details the company’s corporate governance, with a diverse board of directors overseeing strategic priorities. Exicom has implemented various CSR projects focused on healthcare, education, environment, and animal welfare, spending ₹56.68 Lakhs in FY 2024-25. The company also emphasizes sustainable business practices, including energy efficiency measures and responsible waste management.