Schedule a Call Back
Zen Technologies targets Rs 900 cr revenue by FY2025, reports strong order book, export wins
Industry News- Nov 21,23
Ashok Atluri, the Chairman and Managing Director of this defence solutions provider, shared insights regarding the company's robust order book and its strategic trajectory.
Zen Technologies, headquartered in Hyderabad, aims to achieve a revenue surpassing ?900 crore in the fiscal year 2025, accompanied by an EBITDA margin of 35%. Ashok Atluri, the Chairman and Managing Director of this defence solutions provider, shared insights regarding the company's robust order book and its strategic trajectory.
The company recently secured an export order valued at Rs 42 crore for advanced defence simulators, and Atluri anticipates fulfilling this order within the next 18 months. Furthermore, in October, Zen Technologies received a substantial Rs 100 crore order from the Ministry of Defence for its advanced tank training system.
According to Atluri, the current order book position has been updated to approximately Rs 1,500 crore, with over Rs 400 crore attributed to exports. The majority of domestic orders originate from the Indian government. Looking ahead to the fiscal year 2024, the company has maintained a revenue guidance of Rs 450 crore. Notably, the revenue for the first half of the year amounted to Rs 198 crore.
Source: cnbctv18.com
Related Stories
Other Industrial Products
Flomic Global Logistics Sharpens Focus on India’s Defence Supply Chain
India’s defence manufacturing ecosystem is entering a phase of unprecedented scale and speed, and such growth demands a logistics backbone that is equally robust, compliant and secure.
Read moreAerospace Defence
Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order
PDST specialises in designing, developing, manufacturing, and testing defence and space engineering solutions.
Read moreAerospace Defence
ACE secures Rs 4.2 billion contract from Ministry of Defence
The Ministry of Defence (MoD) has signed contracts, in the presence of Defence Secretary Shri R K Singh, for the procurement of 1,868 Rough Terrain Fork Lift Trucks (RTFLT), with ACE securing a domi..
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
