Cyient DLM Company Profile:Products,Promoters and Clients

Cyient DLM Company Description

Cyient DLM is a prominent provider in the electronics system design and manufacturing field, offering comprehensive services including system design, integration, testing, and production of electronic components and subsystems for OEMs. 

Catering to the aerospace, defense, and other high-tech engineering industries, Cyient DLM serves a global clientele across India, Europe, North America, China, and Japan.

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Q1.What are the Products and Service offerings of the Company?

(i) Printed Circuit Board (PCB) Assembly: PCB assembly refers to the process of attaching electronic components to printed circuit boards.

(ii) Cable Harness Solutions: This involves assembling electrical cables and wires into a unified harness.

(iii) Box Builds: These range from simple PCB assemblies in small enclosures to cabinets housing complex electromechanical systems, and are utilized in safety-critical applications such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.

Q2.Who are the Promoters of the Company?

Rajendra Velagapudi is the Managing Director at Cyient DLM and a member of the company’s board of directors. Rajendra is responsible for manufacturing operations, primarily focusing on growing existing DLM businesses and creating new opportunities in emerging sectors. 

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He has extensive operations experience in engineering and manufacturing, having championed numerous continuous improvement processes and supply chain initiatives to improve operational performance and margins.

Krishna Bodanapu serves as the Non-Executive Chairman at Cyient DLM. He is also the Managing Director and Chief Executive Officer at Cyient Ltd and a member of the company's board of directors. He is responsible for providing strategic direction to the company and creating long-term value for stakeholders.

He brings a wealth of experience with him and has significantly contributed to Cyient's consistent growth in revenue, margin, and customer acquisition and engagement. In this role, he also regularly embarks on several initiatives to provide best-in-class workplace policies for greater associate satisfaction.

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Q3.Who are the Clients of the Company?

The clients of the company inlcude Honeywell International Inc., Thales Global Services S.A.S, ABB Inc, Bharat Electronics Ltd, Molbio Diagnostics Pvt Ltd, etc.

Revenue Split - Product wise FY24

PCBA - 70% vs263% in FY23
Box Builds - 25% vs232% in FY23
Cable Harnesses - 2% vs.5 1% in FY23
Mech & Others - 3% v 4% in FY23

Revenue Bifurcation - Industry Wise FY24

Aerospace - 24% vs 20% in FY23
Defense - 49% vs 37% in FY23
Medical Tech - 8% vs 16% in FY23
Industrial - 16% vs 2 in FY23
Rail -2% in FY24 vs 2% in FY23
Others - 3% vs 1% in FY23
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(By Medhansh Bairaria)