About DCX Systems Limited

Established in 2011, DCX Systems Limited has grown into a leading Indian defence and aerospace manufacturer, recognised for its excellence in electronic systems, cable and wire harness assemblies, and printed circuit board assemblies (PCBAs). Headquartered in Bengaluru, the company operates from a state-of-the-art facility within the Hi-Tech Defence and Aerospace Park SEZ, ensuring speed, scale, and precision in delivery.

The company’s integrated business model spans manufacturing, system integration, and allied services. Its wholly owned subsidiary, Raneal Advanced Systems, provides backward integration for EMS and PCBA needs, catering to both captive and external markets. Another subsidiary, Niart Systems, is developing indigenous radar-based railway obstacle detection solutions.

DCX has forged strong global ties, including its role as the preferred Indian partner for Israel Aerospace Industries (IAI) and its recognition as an offset partner. Over the years, it has secured marquee clients across Israel, the United States, South Korea, and India, expanding its footprint in both domestic and international markets.

DCX Systems Limited Milestone 

Milestones include incorporation in 2011, key export authorisations in 2013, the commissioning of new facilities in 2020, a successful IPO in 2022, and the signing of a radar joint venture with Elta Systems, Israel, in 2025.

DCX Systems Limited Business Segments

The company operates through three primary verticals:

• Manufacturing: Focused on cables, wire harnesses, and PCB assemblies. Backward integration via Raneal enables cost optimisation and quality control.

• System Integration: Provides end-to-end assembly for radar, missile, surveillance, and electronic warfare systems. Non-offset projects now form ~40% of its portfolio, up from ~15% a few years ago.

• Others: Includes Maintenance, Repair & Overhaul (MRO) services and kitting solutions, adding recurring revenue streams with minimal additional capital.

DCX Systems Limited Key Management

• Dr. H. S. Raghavendra Rao – Chairman & Managing Director

• Mr. Gopinath Vedaprakash – Additional Whole-Time Director

• Mr. Shivakumar R – Executive Director

Key managerial personnel include Mr. Prasanna Kumar T. S. (CFO, from September 2025) and Mr. Gurumurthy Hegde (Company Secretary, Legal & Compliance Officer).

Latest Updates on DCX Systems Limited

• DCX secured major orders, including Rs 840 crore from Lockheed Martin Global Inc., Rs 1,250 crore from Larsen & Toubro, and Rs 483 crore from Elta Systems, Israel, for CIWS module assemblies. Additional orders worth over Rs 500 crore were also booked.
• The company signed a joint venture with Elta Systems to manufacture radar systems for airborne and land applications under “Make in India.” Its subsidiary Niart Systems advanced trials of its railway obstacle detection technology, while Raneal Advanced Systems achieved external revenues of Rs 350–380 crore and obtained a licence for top-secret defence projects.
• As of March 31, 2025, DCX reported an order book of Rs 2,855 crore, ensuring strong business visibility for the next 24 months.