>Batronics India (SUNIDHI)

Company Description:
Incorporated in 1990, BIL, the leading Automatic Identification and Data Collection (AIDC) solution provider in India. It offers Automatic Identification and Data Capture (AIDC) technologies, Radio-Frequency Identification (RFID), smart cards and point of sale (POS) solutions. During the year 2004-05, the company started a 100% Export Oriented Undertaking obtained the registration from Software Technology Park of India, Hyderabad. BIL made its IPO in January 2006 at a premium of Rs 65 per share aggregating Rs.48.75 crore.

Highlights:
BIL had already commenced its 80 million cards a year - first phase of Smart Card manufacturing unit in July, 2007. BIL started production of Smart Cards, Magnetic Stripe Cards, Scratch Cards and plain PVC Cards etc. This is India's first Smart Card manufacturing unit offering, "One Stop Customized Smart Card based Solutions & Applications".

BIL incorporated a wholly-owned subsidiary, Bartronics America Inc. (BAI), which recently made an acquisition in the US. BAI acquired Proximities & SRG America Inc., for US $50mn. Proximities, Inc. is a privately held company that develops; markets and supports secure RFID cashless payment, access control and age verification solutions.

BIL had raised $75mn for expansion and acquisition of which FCCBs of US$ 56 million (US$ 6 million – 2012 and US$ 50 million – 2013) are outstanding. It completed expansion of Rs 220 crore during 2007-08.

In the Smart Cards segment, BIL caters to the Telecom sector, manufacturing GSM SIM cards for companies like Airtel, R Com, Essar Vodafone and Idea. It has tied up with a leading German systems integrator, G&D, for supply of its SIM cards.

It derives 55 per cent of its revenues from India, 35 per cent from the US and the rest from countries such as Singapore and Malaysia. BIL’s corporate clients include TCS, Tata Steel, Tata Motors, Ranbaxy, ITC, HUL, Pantaloon, TVS Whirlpool, Voltas, Chennai Petroleum, TVS
Suzuki, Wipro, GE Systems, ITC, M&M and Hindustan Lever etc. .

BIL bagged two big orders from the Singapore Govt for RFID tagging in warehouses in the central prison and also in newly constructed buildings. These would generate revenues from Q4FY09 onwards.

To see full report: BATRONICS INDIA