| Build-To-Specification (BTS) | Custom design and manufacture of electronics for defense and space applications including radars, missile systems, satellite subsystems. | Strong government partnerships, high barriers to entry, niche microelectronics expertise. | Defense PSUs, DRDO, ISRO, aerospace and military clients (B2B). | Satellite payloads and complex radar subsystems. | 500 | 45 | Project contracts and production orders from government defense agencies and aerospace OEMs. | Fixed price contracts, milestone-based billing. | India’s Make in India initiative, defense modernization, space exploration programs. | |
| Electronics Manufacturing Services (EMS) | Manufacture of high-technology, complex PCB assemblies, box builds, LRUs, mechanical solutions for industrial, medical, telecom, and defense sectors. | Robust supply chain, certifications, manufacturing scale and quality assurance. | Global OEMs in industrial, medical, telecom, and defense segments (B2B). | Semiconductor equipment and complex box-build assemblies. | 400 | 35 | Manufacturing contracts and services, long-term supply agreements. | Volume-based manufacturing contracts, repeat business model. | Global semiconductor capex growth, industrial automation, medical device demand. | |
| Engineering Research & Development (ER&D) Services | Design, embedded software, system architecture, consulting, and test solutions for aerospace, defense, transportation, and healthcare sectors. | Global delivery centers, multidisciplinary engineering expertise, proximity to customers. | Global engineering OEMs, defense contractors, transportation companies (B2B). | Embedded software development and system integration. | 250 | 20 | Consulting fees, fixed-price and time-and-material contracts. | Project-based, consulting engagements. | Increasing outsourcing of R&D, digital transformation in product design. | |
