Aartech Solonics Limited is an ISO 9001: 2015 certified Company engaged in manufacturing custom-built electrical appliances that focus in the field of specialised and Selected Energy Appliances. It’s popular BTS 2000 Fast Bus Transfer System is widely used across power plants and process industries. The Company has its base in Bhopal with having two production units located Mandideep, M.P and Parwanoo, H.P.
Date of Incorporation: It was initially incorporated as ‘ Aartech Solonics Private Limited’ on 24th August 1982 at Gwalior, Madhya Pradesh. Subsequently, it was reformed to public limited company reformed to ‘ Aartech Solonics Limited’ on 23rd April 1992.
Promoters of Aartech Solonics Limited: Mr Anil Anant Raje and Mrs Chhaya Raje are the promoters of Aartech Solonics Limited.
Products and Services Offering: The Company is involved in the manufacturing of electricity and distribution and control gear for voltage exceeding 1000 volts and similar appliance including relays, sockets etc for less than 1000 volts. Its wide model of Portfolio and Services includes: Wedge Tightness Detector(Services), Purewave UPS (Solution), Purewave Dstatcom (Solution), Clip Fault Current Limiters (Solution) and Bestcase Enclosures among other varied product and service range.
Customer Segments: Aartech Solonics Limited is regarded as a leading technology company in the power sector across India as well as in USA & Europe. Therefore making its operational capacity to widen across Asia. Some of its Indian Clientele includes BHEL (Bhopal), Larsen & Toubro Limited, CG Power and Industrial Solution Limited and Electronic Instruments Industries among large Clientele lists.
Objects of Aartech Solonics Limited IPO: The main objectives of this issue are:
- To make an investment in ‘AIC Aartech Solonics Private Limited’ (Rs. 200 Lakhs).
- To make an investment in ‘Faradigm Ultracapacitors Private Limited’ (Rs. 250 Lakhs).
- Fulfil General Corporate Expenses related to Capital Expenditure & Research and Development (Rs. 120.80 Lakhs).
- Working Capital Needs (Rs. 100 Lakhs).
- To meet if Public Issue Expenses (Rs. 50 Lakhs).
For the year/period ended (in Rs. Lakhs)
Profit After Tax