About C2C Advanced Systems Limited

C2C Advanced Systems Limited is a Bengaluru-headquartered defence electronics solutions company that designs and delivers mission-critical systems for military and security applications in India and overseas. Incorporated on February 21, 2018, as “C2C – DB Systems Private Limited”, it was renamed “C2C Advanced Systems Private Limited” on May 12, 2022, and converted to a public limited company as “C2C Advanced Systems Limited” on December 22, 2023. Its registered office is in Bengaluru and its corporate office is in New Delhi. The company develops bespoke software, hardware, and firmware solutions, with core competencies spanning C4I systems, AI/ML-based analytics, enterprise integration of real-time IIOT data, and embedded/FPGA designs. While it has end-to-end capabilities to build and deliver complete systems, it does not manufacture metal or electronic components.

C2C’s geographic footprint includes exports to Malaysia, the United States of America, and Singapore, and sales within India in Tamil Nadu, Karnataka, West Bengal, and Uttarakhand. A key milestone in 2019 was setting up an Experience Centre in Bengaluru. Earlier, in 2018, the company won an order for Combat System Integration Support for Marine Crest Technologies (Malaysia), and in 2022, it received an order for Testing and Bug Fixing for OSI Maritime Systems (Canada). The company reports that it currently has no subsidiaries.

C2C Advanced Systems Limited’s Business Segments

• Revenue mix by geography (FY24): Global 57.95%; Domestic 42.05%.

C2C Advanced Systems Limited Key Management

• Lakshmi Chandra – Managing Director.

• Murtaza Ali Soomar – Director & Chief Financial Officer.

• Manjeet Singh – Company Secretary and Compliance Officer.

Latest Updates on C2C Advanced Systems Limited

• Corporate actions and milestones: The company was converted into a public limited company in 2023, following earlier name changes aligned with its growth trajectory.

• Capital markets: National Stock Exchange of India Limited granted permission on October 08, 2024, for the company to use its name in the issue document for listing on NSE Emerge. The Red Herring Prospectus is dated November 11, 2024, and the issue consists entirely of a Fresh Issue of 43,83,600 Equity Shares under a 100% Book Built Issue.

• Markets served and orders: In the last three years and the period ended September 30, 2024, the company exported to Malaysia, the United States of America, and Singapore and sold domestically in select Indian states. As of the latest disclosed position, the order book composition by geography stood at 23.51% domestic and 76.49% global. By order type (for the top five clients), the mix comprised IP-led 29.79%, Defence project 31.00%, Defence service 28.59%, and Digital Transformation 10.62%.