| Automotive Safety Devices | Speed Limiting Devices, Vehicle Location Tracking Devices tested and certified as per Indian Automotive Standards. | ARAI-certified products, exclusive state government approvals, robust dealer network, proprietary technology in speed limiting and tracking. | B2B focus serving commercial vehicle operators, government bodies, and fleet management companies. | Speed Limiting Devices certified under AIS 018 with proprietary firmware and hardware. | 120 | 78 | Direct sales through distributors and dealers, government contracts, and compliance-driven installations. | Direct sales with standard pricing for government-mandated safety devices, volume-based dealer discounts. | Government regulations mandating safety compliance, rising commercial vehicle fleet, adoption of tracking solutions. | Motoreye & Limits, IRNSS VLTD |
| Embedded SIM (eSIM) and M2M Services | Manufacturing and provisioning of dual profile embedded SIM cards and related M2M telecom services across India. | Exclusive MOUs with leading Indian telecoms, GSMA-certified manufacturing, and a registered APN enabling pan-India service provision. | B2B telecom operators, IoT device manufacturers, and enterprise customers requiring machine-to-machine connectivity. | Proprietary dual profile eSIM production with GSMA-approved manufacturing partnership. | 33 | 22 | Sale of eSIM hardware and recurring revenue from M2M service contracts with telecom providers. | Combination of hardware sales and subscription-based service fees. | Rising IoT adoption, telecom partnerships, and increasing demand for embedded connectivity solutions. | Dual Profile eSIMs (Airtel-BSNL, Vodafone Idea-BSNL) |
