About Exicom Tele-Systems Limited

Exicom Tele-Systems Limited is one of India’s leading manufacturers of EV charging systems and Critical Power solutions, with an end-to-end presence across the EV charger value chain spanning AC and DC chargers. Established in 1994 with a focus on power electronics for telecom infrastructure, the company later expanded into Southeast Asia and introduced lithium-ion battery storage for telecom networks, strengthening its leadership in uninterrupted power systems.

Today, Exicom has evolved into a global energy and charging solutions provider with a presence across India, Southeast Asia, the Middle East, Europe, the US and Australia. As of March 2025, the company has deployed more than 1,33,000 EV chargers worldwide. Its manufacturing facilities are located in Gurugram (Haryana) and Solan (Himachal Pradesh), supported by R&D centres in Gurugram and Bangalore.

In the Critical Power segment, Exicom has deployed over 2.64 GWh of lithium-ion batteries for telecom infrastructure and offers a wide portfolio of DC power systems ranging from 20A to 5,000A, alongside smart racks and outdoor cabinet solutions for telecom and data networks.

As on March 31, 2025, Exicom had eight subsidiaries, including step-down subsidiaries across Singapore, the Netherlands, the UAE, Malaysia, the UK, the US and Australia. Milestones through its journey include entry into EV charging in 2016, achieving a dominant 60% share in India’s residential EV charging market and 25% in the public charging segment in 2023, becoming publicly listed in 2024, and expanding its global footprint through the Tritium acquisition.

Exicom Tele-Systems Limited Key Milestones

Milestones include:

• Founding in 1994 with a strong focus on critical power electronics for telecom networks. 
• Launch of lithium-ion battery storage systems for telecom infrastructure. 
• Entry into the EV charging business in 2016. 
• Achieving 60% share in India’s residential EV charger market and 25% of public charging in 2023. 
• IPO listing on NSE and BSE in March 2024. 
• Acquisition of Tritium, enhancing global presence in Europe, the US and Australia. 
• Surpassing 1,33,000 EV chargers sold worldwide by March 2025. 

Exicom Tele-Systems Limited Business Segments

EV Chargers (AC & DC)

• Residential, destination and public charging solutions 
• Fast and ultra-fast DC chargers 
• Harmony Direct 2.0 series with dynamic load sharing and real-time power management 
• Contribution: ~35% of revenues 

Critical Power Solutions

• DC power systems (20A–5000A) 
• Lithium-ion energy storage (2.64 GWh deployed) 
• Smart racks, hybrid power systems, outdoor cabinets 
• Telecom and data network infrastructure support 
• Contribution: ~65% of revenues 

Geographic Mix (FY 2024–25)

• Domestic revenue: 81.76% 
• Exports: 18.24% 

Exicom Tele-Systems Limited Key Management

• Anant Nahata – Managing Director & Chief Executive Officer 
• Vivekanand Kumar – Whole-time Director 
• Shiraz Khanna – Chief Financial Officer 
• Sangeeta Karnatak – Company Secretary & Compliance Officer 
• Sanjeev Narula – Chief Executive Officer, Critical Power 
• Anshuman Divyanshu – Chief Executive Officer, EVSE Division 
• Puran Mal Singh – Chief Technology Officer 

Latest Updates on Exicom Tele-Systems Limited

Strategic acquisition:
Exicom completed the acquisition of Tritium in September 2024, a global leader in DC fast charging technology. This strengthened Exicom’s engineering capabilities and expanded its presence in Europe, North America and Australia. Multiple Tritium-linked step-down subsidiaries were incorporated in FY 2024–25 across the Netherlands, UK, USA and Australia.

Product launch:
The company introduced Harmony Direct 2.0, a next-generation DC fast charger featuring dynamic load sharing and Harmony Net technology for real-time power management—enabling fleets and charge point operators to scale efficiently.

Volumes and scale:
Over 50,000 chargers were sold in FY 2024–25, with strong momentum from international markets post the Tritium integration.

Manufacturing expansion:
A new integrated manufacturing facility in Hyderabad is scheduled to begin production in October 2025, expanding capacity for EV charging equipment and critical power products.

Market development:
Exicom added 11 new Charge Point Operators (CPOs) during the year as part of its ecosystem expansion.

Awards and recognition:

• “EV Charging Infrastructure Company of the Year” – India Energy Storage Week 2024 
• “Energy Storage Company of the Year” – IESW 2024 
• Platinum Award for its 2023–24 Annual Report at the LACP Vision Awards (ranked 39 globally among 1,000+ entries) 

Capital markets milestone:
Exicom’s IPO, completed on March 5, 2024, was oversubscribed over 129 times, with successful listing on both NSE and BSE.