Centum Electronics

Last updated

Centum Electronics
FormerlySolectron Centum Electronics
Type Public
ISIN INE320B01020
Industry
Founded8 January 1993;30 years ago (1993-01-08) in Bangalore
FounderApparao Venkata Mallavarapu
Headquarters44, KHB Industrial Area, Yelahanka Newtown,
Bangalore, Karnataka
,
India [1]
Areas served
  • India
  • Europe
  • North America
Key people
  • Apparao Mallavarapu (Chairman and MD)
  • Francois Cebes (CEO Centum Adetel) [2]
RevenueDecrease2.svg₹428.38 crore (US$54 million) (FY21)
Decrease2.svg₹33.12 crore (US$4.1 million) (FY21)
Decrease2.svg₹23.97 crore (US$3.0 million) (FY21)
Total assets Decrease2.svg₹534.29 crore (US$67 million) (FY21)
Total equity Increase2.svg₹254.67 crore (US$32 million) (FY21)
Owners
Number of employees
1,800 [4]  (FY21)
Subsidiaries
  • Centum Adeneo (100%)
  • Centum Electronics UK (100%)
  • Centum Adetel Group SA (64.66%) [4]
Website www.centumelectronics.com

Centum Electronics Limited is an Indian electronics system design and manufacturing company. The company produces subsystems and microelectronics, and provides system integration services. [5] The company was incorporated in January 1993 and is headquartered in Bangalore, Karnataka. Centum has a presence in 6 countries. It has manufacturing facilities, design, and sales and support teams in India, Canada, and France, a design team in Belgium, and sales and support teams in the United Kingdom and the United States. [6] The company's British subsidiary, Centum Electronics UK Ltd., services all European customers except those in France. [7]

Centum Electronics has multiple manufacturing facilities in Bangalore. The company opened its fourth Indian manufacturing facility at the Aerospace Park in Devanahalli, near Bangalore on 15 February 2017. [8] [9] Centum is one of the largest contractors to the Indian Space Research Organisation (ISRO) and supplies over 50 different varieties of components for satellites and launch vehicles. [10] Centum opened a new space facility in Yelahanka, Bangalore to support ISRO missions in September 2019. [11] [12]

History

Solectron Centum Electronics was founded on 8 January 1993 in Bangalore, Karnataka by Apparao Venkata Mallavarapu. [5] [13] The company was publicly listed on the Bombay Stock Exchange and the National Stock Exchange in 1994. [14] Centum Electronics demerged its electronics manufacturing services division into Solectron EMS India Ltd in November 2006. [15] The company changed its name to Centum Electronics in January 2013. [16]

Centum acquired a 51% controlling stake in French company Adetel Group for an undisclosed amount in June 2016. [17] In April 2018, Centum signed an agreement to sell its 51% stake in Centum Rakon India Pvt. Ltd., a joint venture with New Zealand company Rakon, to Rakon for US$5.5 million. [18] Centum stated that it did not regard Centum Rakon, which primarily operated in the telecommunications industry, as "core to its strategy". [19] The company increased its stake in Adetel Group to 64.66% in December 2020. [20]

The company was awarded the Defence Research and Development Organisation's Defence Technology Absorption Award by Defence Minister Rajnath Singh in January 2021 for its work on the EMISAT. [21] In March 2021, Kalyani Rafael Advanced Systems CEO Rudra Jadeja stated that Centum Electronics was among the companies that contributed to the manufacture of Spice 2000 bombs including those used in the 2019 Balakot airstrike. [22]

Centum Electronics has been a partner of the non-profit Akshaya Patra Foundation since the 2000s. Between 2010 and 2020, Centum stated that it had sponsored meals for 360,000 school children at public and Government-aided schools in Bangalore. [23]

Related Research Articles

<span class="mw-page-title-main">Hindustan Aeronautics Limited</span> Indian public sector aerospace manufacturing company

Hindustan Aeronautics Limited (HAL) is an Indian public sector aerospace and defence company, headquartered in Bangalore. Established on 23 December 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world. HAL began aircraft manufacturing as early as 1942 with licensed production of Harlow PC-5, Curtiss P-36 Hawk and Vultee A-31 Vengeance for the Indian Air Force. HAL currently has 11 dedicated Research and development (R&D) centres and 21 manufacturing divisions under 4 production units spread across India. HAL is managed by a board of directors appointed by the President of India through the Ministry of Defence, Government of India. HAL is currently involved in designing and manufacturing of fighter jets, helicopters, jet engine and marine gas turbine engine, avionics, software development, spares supply, overhauling and upgrading of Indian military aircraft.

HAL Airport is an airport that serves Bangalore, the capital of the Indian state of Karnataka. Located about 12 km east of the city centre, it has one runway and operates 24/7. Hindustan Aeronautics Limited (HAL), a state-owned defence company, owns the airfield and runs a testing facility in conjunction with the Indian Armed Forces. The airport also caters to non-scheduled civilian traffic, including general, business and VIP aviation. For over 60 years, it received all domestic and international flights to the city; the Airports Authority of India shut down its civil enclave, officially known as "Bangalore International Airport", upon the opening of the Kempegowda International Airport in Devanahalli in 2008.

Aero India is a biennial air show and aviation exhibition held in Bengaluru, India at the Yelahanka Air Force Station. It is organised by the Defence Exhibition Organisation, Ministry of Defence.

<span class="mw-page-title-main">Bangalore Rural district</span> District of Karnataka in India

Bangalore Rural district is one of the 31 districts in Karnataka, India. It was formed in 1986, when Bangalore District was divided into Bangalore Rural and Bangalore Urban. Presently in Bangalore Rural district, there are 4 talukas: Devanahalli, Nelamangala, Doddaballapura, Hoskote. It has 20 hoblies, 294 villages, 3 towns, 2 tier-three cities, administered by 66 Village Panchayats , 3Town Municipal Councils (Purasabes) and 2 City Municipal Councils (Nagarsabes).

<span class="mw-page-title-main">Yelahanka</span> Suburb / satellite town in Bengaluru Urban, Karnataka, India

Yalahanka is a suburb and Taluk of Bangalore Urban district in the Indian state of Karnataka. One of the zones of BBMP. It is the oldest part of present Municipal Bengaluru (Bangalore) city and is in the north of the city. It is Nadaprabhu Kempegowda I, of the Yelahanka Prabhu clans, who laid the foundation of present-day Bengaluru through the creation of a "mud fort town" in 1537 CE

<span class="mw-page-title-main">Economy of Bangalore</span>

The economy of Bengaluru contributes over 43.65% to the economy of the State of Karnataka, accounting for 98% of the Software Exports of the State.

<span class="mw-page-title-main">Kempegowda International Airport</span> International airport in Bangalore, India

Kempegowda International Airport is an international airport serving Bangalore, the capital of Karnataka, India. Spread over 4,000 acres (1,600 ha), it is located about 30 kilometres (19 mi) north of the city near the suburb of Devanahalli. It is owned and operated by Bengaluru International Airport Limited (BIAL), a public–private consortium. The airport opened in May 2008 as an alternative to increased congestion at HAL Airport, the original primary commercial airport serving the city. It is named after Kempe Gowda I, the founder of Bangalore. Kempegowda International Airport became Karnataka's first fully solar powered airport, developed by CleanMax Solar.

Vidyaranyapura is situated in the northern part of Bangalore city in the state of Karnataka, India. Vidyaranyapura, along with several other extensions of the city, comes under a constituency called Byatarayanapura. It comes under the Greater Bangalore jurisdiction of the Bruhat Bengaluru Mahanagara Palike (BBMP).

Bharat Electronics Limited (BEL) is an Indian Government-owned aerospace and defence electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of sixteen PSUs under the Ministry of Defence of India. It has been granted Navratna status by the Government of India.

<span class="mw-page-title-main">Bharat Forge</span> Indian multinational forging company

Bharat Forge Limited is an Indian multinational company involved in forging, automotives, energy, construction and mining, railways, marine, aerospace and defence industries.

<span class="mw-page-title-main">Bengaluru Commuter Rail</span> Planned suburban rail network in Bangalore, India

Bengaluru Suburban Railway is an under construction suburban rail network for the city of Bangalore. A Suburban Rail system for the city was first proposed in 1983. Since then, several different route proposals were made but no Suburban Rail project took shape. It was finally approved in the 2019 Railway Budget.

Yelahanka Lake is a water body near Yelahanka, a suburb of Bangalore.

The Indian electronics industry saw growth in the early years of the 21st century, encouraged both by government policies and incentives and by international investment. Its key and most resource-intensive segment, the semiconductor industry, was benefitted from domestic demand growing briskly. Semiconductors were required by a large number of industries, including telecommunications, information technology, industrial machinery and automation, medical electronics, automobile, engineering, power and solar photovoltaic, defence and aerospace, consumer electronics, and appliances. As of 2015, however, the skill gap in the Indian industry threatened progress, with 65 to 70 percent of the market relying on imports.

<span class="mw-page-title-main">Titagarh Rail Systems</span> Indian rolling stock manufacturer

Titagarh Rail Systems Limited, formerly known as Titagarh Wagons Limited, is a prominent Indian rolling stock manufacturer in the private sector. Established in 1997, the company's headquarters are situated in Kolkata, West Bengal. Titagarh is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Dunzo is an Indian company that delivers fruits and vegetables, meat, pet supplies, food, and medicines in major cities. It also has a separate service to pick up and deliver packages within the same city. Dunzo currently provides its delivery services in eight Indian cities including Bangalore, Delhi, Gurgaon, Pune, Chennai, Jaipur, Mumbai and Hyderabad. The company also operates a bike taxi service in Gurgaon. Dunzo is headquartered in Bangalore and was founded in 2014 by Kabeer Biswas along with co-founders Ankur Agarwal, Dalvir Suri and Mukund Jha. Dalvir Suri left Dunzo on 3 October 2023, along with Mukund Jha.

<span class="mw-page-title-main">RMZ Corp</span> Indian real estate company

RMZ Corp is a privately owned real estate company, headquartered in Bangalore, India. It was established in 2002. The company has developed residential and commercial properties in India, with notable projects including The Millenia and RMZ Infinity in Bengaluru, The Skyview in Hyderabad, RMZ Infinity in Delhi, RMZ One Paramount in Chennai, and RMZ Ecoworld in Bengaluru. The company has developed projects in multiple cities in India, including Bangalore, Chennai, Hyderabad, Delhi NCR, Pune, and Mumbai The company has a portfolio of real assets spanning a total of 67 million square feet.

<span class="mw-page-title-main">HFCL</span> Indian telecommunications products manufacturer

HFCL Limited is an Indian technology company, based in Gurugram. It designs, develops, manufactures telecommunications equipment, fibre-optic cables and other related electronics.

<span class="mw-page-title-main">Ola Electric</span> Electric motor scooter manufacturer India

Ola Electric Mobility is an Indian electric two-wheeler manufacturer, based in Bengaluru, Karnataka, India. It is India's largest electric two-wheeler manufacturer valued around US$5.4 billion as of September 2023. It has a manufacturing facility located in Krishnagiri, Tamil Nadu which is India's largest two-wheeler EV manufacturing factory.

Ananth Technologies Limited is an Indian aerospace manufacturer that provides hardware and software services. The company manufactures electronics and mechanical subsystems for launch vehicles, satellites, spacecraft payloads, and ground systems. It also builds satellites and provides launch services through a partnership with NewSpace India Limited. Ananth Technologies was established in 1992 and is headquartered in Hyderabad, Telangana. The company also has an office in Thiruvananthapuram, Kerala and a satellite manufacturing facility near Bangalore, Karnataka.

Optimized Electrotech Private Limited (OEPL) is an Indian defense technology company engaged in manufacturing domestic surveillance systems for sectors including security forces, defense, aerospace, and national assets. The company is situated in Ahmedabad, Gujarat, and was founded in 2017.

References

  1. ↑ "Our Head Office". Centum Electronics. Retrieved 26 January 2022.
  2. ↑ "Management". Centum Electronics. Retrieved 26 January 2022.
  3. ↑ "Shareholding Pattern". Centum Electronics. Retrieved 27 January 2022.
  4. 1 2 "Annual Report 2020-21" (PDF). Centum Electronics. Retrieved 27 January 2022.
  5. 1 2 "Centum Electronics". Forbes. Retrieved 26 January 2022.
  6. ↑ "Investor Presentation September 2020" (PDF). Valorem Advisors. September 2020. Retrieved 26 January 2022.
  7. ↑ "Centum investing Rs 200 cr in B'luru". Deccan Herald. 23 August 2016. Retrieved 26 January 2022.
  8. ↑ Bureau, BS B2B (16 February 2017). "Centum Electronics opens fourth manufacturing facility in Bengaluru". Business Standard India. Retrieved 26 January 2022.
  9. ↑ Dutta, Baishakhi (21 February 2017). "Centum inaugurates new facility at Devanahalli Aerospace Park, Bangalore". ElectronicsB2B. Retrieved 26 January 2022.
  10. ↑ "The celestial bond that connects ISRO with India Inc". The Economic Times. Retrieved 26 January 2022.
  11. ↑ Bureau&, Our (24 September 2019). "To meet ISROs growing number of missions, Centum Electronics opens new facility". www.thehindubusinessline.com. Retrieved 26 January 2022.
  12. ↑ "Centum Electronics Limited inaugurates new space facility at Yelahanka". The Economic Times. Retrieved 26 January 2022.
  13. ↑ "Centum Electronics History | Centum Electronics Information". The Economic Times. Retrieved 26 January 2022.
  14. ↑ "Investor Relations – Centum" . Retrieved 26 January 2022.
  15. ↑ "OT-IT Convergence: Driving the Future of Industry 4.0 & Industry 5.0". The Economic Times. Retrieved 26 January 2022.
  16. ↑ Reporter, B. S. (14 December 2007). "Solectron Centum is now Centum Electronics". Business Standard India. Retrieved 26 January 2022.
  17. ↑ "Centum Electronics picks 51% stake in French firm Adetel". VCCircle. 17 June 2016. Retrieved 26 January 2022.
  18. ↑ "Rakon confirms buyout of Centum Rakon India". www.rakon.com. Retrieved 26 January 2022.
  19. ↑ "New Zealand electronics firm Rakon to buy out Bengaluru's Centum in JV". VCCircle. 30 April 2018. Retrieved 26 January 2022.
  20. ↑ Market, Capital (11 December 2020). "Board of Centum Electronics approves further investment in Centum Adetel Group SA". Business Standard India. Retrieved 27 January 2022.
  21. ↑ "Centum Electronics Limited Receives DRDO's Prestigious Defence Technology Absorption Award". ANI News. Retrieved 26 January 2022.
  22. ↑ Bharadwaj, Swati (17 March 2021). "Spice bombs used in Balakot air strike were made in Hyderabad". The Times of India. Retrieved 26 January 2022.
  23. ↑ "CSR: Centum Electronics sponsored meals for 3.6 lac school children over 10 years in Bangalore". The CSR Journal. 23 December 2020. Retrieved 26 January 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.