Trident Techlabs Ltd IPO

About Trident Techlabs Ltd

Trident Techlabs Limited was originally incorporated as `Trident Techlabs Private Limited' a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 9, 2000, issued by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi (RoC). Subsequently, the name of the company was changed from Trident Techlabs Private Limited' to `Trident Techlabs Limited', upon conversion into public company, pursuant to a special resolution passed by the shareholders of the Company on May 12, 2023, and a fresh certificate of incorporation consequent to conversion was issued by the RoC on May 30, 2023. The Company's Corporate Identity Number is U74899DL2000PLC105611.

Power demand, which is closely linked to the gross domestic product (GDP) growth, has historically lagged GDP growth by 1-2 percentage points but has bucked the trend in fiscals 2021, 2022 and 2023. Fiscal 2023 saw a 9.6% increase in power demand despite a high base of 8.18% in fiscal 2022. Along with extreme seasonal vagaries, GDP grew at 7.2% in fiscal 2023 which accelerated power demand as this also came on a higher base of 9.1% in fiscal 2022.Governments outlay for the power sector has increased by 24% for fiscal 2024 over the revised estimates of fiscal 2023 whereas infrastructure related spending has increased by 17% as per the latest union budget. The education industry in India is estimated to be INR 13,500-14,500 billion in fiscal 2024. The largest share of the pie is taken by the formal segment at 57%, with K-12 and higher education contributing 35% and 22% respectively. With recovering demand, the formal segment is largely expected to back the growth in the industry with estimated of compound annual growth rate CAGR 2-3% between fiscal 2018 to 2022.

The Company offers custom-built technology solutions to corporates in the aerospace, defence, automotive, telecom, medical, semiconductor and power distribution sectors. We have two business verticals i.e. Engineering Solutions and Power System Solutions. We deliver winning business outcomes through our deep industry experience and a 360 degree view of Business through Technology helping clients in creating successful and adaptive businesses. Its Engineering Solutions portfolio of products related services encompasses a diverse spectrum of solutions viz. systemlevel electronics design, chip-level electronics design, embedded design, hydraulics/ pneumatics system, system modeling, reliability and quality, design automation, power electronics, PCB designing and electromagnetic simulations. Our design services include consulting and engineering services that help companies innovate better with services spanning the entire product development lifecycle, including strategy and user research, design and engineering, pre-launch testing and postlaunch maintenance, and service delivery and optimization.

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