HP Telecom India Ltd IPO

HP Telecom India Limited was incorporated on March 26, 2011 as 'HP Telecom India Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 26, 2011 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the Company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of the Company at the extra-ordinary general meeting held on January 29, 2024 and the name of the Company was changed from HP Telecom India Private Limited to HP Telecom India Limited, pursuant conversion from private to public company and a fresh certificate of incorporation dated February 26, 2024 issued by the Registrar of Companies.

The Indian electronics industry is one of the most rapidly growing industries worldwide. Electronic products have continuously impacted and shaped our lifestyles in the current digital era. The advent of technology has led to seamless activities and accelerated the digital revolution to the next level. Furthermore, demand for electronic devices is anticipated to rise steadily and continue to be a key economic driver worldwide. The global electronics industry was estimated at US$ 2.9 trillion in 2020. The Indian government has widely recognised the strategic importance and growth potential of this industry in its National Policy for Electronics (NPE) 2019. NPE was unveiled with a vision to make the country a comprehensive hub for Electronics System Design and Manufacturing (ESDM) by developing a supportive environment for the industry to compete with global peers. The Government of India aspires to make the country a substantial manufacturing and design hub for electronics as part of its Aatmanirbhar Bharat scheme. The Digital India Programme has led to a paradigm transition towards digitisation and e-governance in India. India's market share in the global electronics manufacturing industry increased to 3.6% in 2020 from 1.3% in 2012.

HP Telecom India Limited, originally incorporated as HP Telecom India Private Limited on March 26, 2011. Presently, our company operates as the exclusive distributor of Apple products across significant territories, including Madhya Pradesh & Chhattisgarh, select cities in Uttar Pradesh, and major urban centers in Gujarat. We proudly offer Apple's iconic range of devices, comprising the iPhone, iPad, Mac, Apple Watch, and more, catering to the discerning tech-savvy consumers in these regions. While Apple products remain the cornerstone of our distribution portfolio, we also engage in the distribution of select other brands to diversify our offerings and cater to a broader customer base. Despite this diversification, Apple products continue to drive a significant portion of our revenue, contributing over 80% to our overall earnings. The remaining revenue is generated through the sale of other brands, including JIO Recharge, JIO Phones, INFINIX Mobiles, etc. Recently, we have acquired the distribution rights for 'Nothing' in the state of Gujarat, further enhancing our product lineup with innovative offerings.