C2C Advanced Systems Ltd IPO

About C2C Advanced Systems Ltd

Our Company was incorporated as `C2C - DB Systems Private Limited , a private limited company, under the Companies Act, 2013, pursuant to a Certificate of Incorporation dated February 21, 2018 issued by the Registrar of Companies, Bengaluru, Karnatak (RoC). Subsequently, the name of our Company was changed to C2C Advanced Systems Private Limited and a fresh Certificate of Incorporation dated May 12, 2022 was issued by the RoC. Pursuant to a special resolution passed by our shareholders in the Extra Ordinary General Meeting held on October 28, 2023 our Company was converted into a public limited company and the name of our Company was changed to `C2C Advanced Systems Limited and a fresh Certificate of Incorporation dated December 22, 2023 was issued to our Company by the RoC.

The Indian Defence Sector is at the cusp of a revolution. The Government of India has identified the defence and Aerospace sector as a focus area for the Atmanirbhar Bharat or Self-Reliant India initiative, with a formidable push on the establishment of indigenous manufacturing infrastructure supported by a requisite research and development ecosystem. India has the world's third-largest defence expenditure, as of 2021, and expects to export equipment worth US$ 15 billion by 2026. As per the Union Budget 2022-23, 25% of defence R&D budget has been earmarked for private industry and start-ups which will pave the way for innovation of new defence technologies in India. Till October 2022, a total of 595 Industrial Licences have been issued to 366 companies operating in Defence Sector. Defence exports grew by 334% in last five years; India now exporting to over 75 countries due to collaborative efforts.

We are an Indian Company in the private sector which has been at the forefront of product development in mission critical applications. Our key expertise includes C4I systems for effective situational awareness and decision support, AI/ML based big data analytics, enterprise integration of real time data from IIOT and embedded / FPGA designs. We are the first start-up in India to foray into the Defence Sector and have delivered Combat Management Systems (CMS) for two Malaysian Naval Frigate Ships. With over 5 years of experience and an employee strength of 190, we have delivered battle proven systems and intelligent decision support systems globally.

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