What we do Aplab Ltd designs and manufactures industrial power electronics products and systems, serving defense, banking automation, and test instrumentation sectors for efficient power control and management. |
Founded in 1,962 |
Market share Recognized in niche Indian power electronics markets with growing defense sector presence and banking automation clientele. |
Problem solved Enables reliable power conditioning, automation, and test solutions to industries requiring efficient electrical power conversion and management. |
Top clients or who we serve Serves defense organizations, financial institutions, research labs, and enterprises with B2B focus. |
Key management Mrs. Amrita P. Deodhar (Chairperson & Managing Director) |
Our journey and innovations Founded as Applied Electronics in 1964, diversified into telecom and ATM systems in 1990s, acquired subsidiaries, launched aviation-grade power units, and expanded banking automation. |
Where we operate Primarily India, with export customers in UK, Greece, and select international markets. |
Top products or what we offer Nonstop Performance UPS, KAAS aviation GPUs, LONAR programmable AC/DC sources, Intelliprint AI kiosks, and power management software. |
Top brands Nonstop Performance Series UPS - leading in industrial reliability; KAAS GPUs - key defense supplier; LONAR programmable sources - notable in avionics R&D labs. |
Raw materials needed Electronic components including semiconductors, transformers, testing instruments, and assembly materials. |
Raw materials supplier - |
Recurring vs cyclical contribution Mix of recurring service/support revenues and project-based sales with cyclical defense and banking contracts. |
Our industry position Niche leadership in Indian industrial UPS and defense power systems with emerging test instrumentation presence. |
Financial highlights FY2025 revenue Rs 63.67 crore, net profit Rs 0.26 crore, showing recovery after prior losses; EBITDA improved with focused segments. |
Geographical revenue split - |
Order book - |
Whats driving growth Defense sector demand, R&D in power electronics, and growth in banking automation software services. |
Our future plans Expand R&D in SiC and GaN technologies, grow defense orders, and develop SaaS offerings in banking automation. |
Our green promise Initiatives to install active harmonic filters reducing energy use by 30%, switching to LED lighting for energy efficiency. |
Our people and values Approximately 381 employees focusing on safety, innovation, and streamlined workforce for efficiency. |
Key challenges ahead Securing large volume contracts, high R&D investment needs, and dependency on defense sector orders. |
Interesting facts Operates unrivaled product range spanning power electronics, test instrumentation, and banking automation over 60 years. |
Risks and strategy Mitigates risks from concentration in defense by pursuing diverse low-margin recurring support businesses and licensing technology. |
