What we do Neueon Corporation Ltd manufactures galvanized steel towers primarily for power transmission and telecom sectors, operating large-scale facilities in India and overseas subsidiaries. |
Founded in 2,006 |
Market share Emerging as the first integrated tower manufacturer in South India with strong expertise in re-rolling and customized fabrication. |
Problem solved Provides durable steel tower infrastructure for power and telecom sectors meeting large-scale industrial demands efficiently. |
Top clients or who we serve Supplies major utilities like Power Grid Corporation, state electricity boards, and telecom companies; B2B focus. |
Key management Mr. Sudheer Rayachoti (Chairman and Managing Director), Mr. PVS Santharam (Whole Time Director), Ms. G Anupama (Independent Women Director) |
Our journey and innovations Established from Sujana Towers, listed in 2007, expanded capacity rapidly, international acquisitions, emerged from insolvency in 2024 under new management focusing on steel service transformation. |
Where we operate India headquarters and manufacturing units; subsidiary in Hong Kong; African presence in Malawi, Kenya, Zambia. |
Top products or what we offer Galvanized steel towers for power transmission and telecom, customized tower fabrication leveraging in-house re-rolling technology. |
Top brands Neueon Towers - a key player in transmission and telecom towers in South India; Digitech Business Systems in Hong Kong subsidiary. |
Raw materials needed Steel billets and coils for re-rolling and tower manufacturing. |
Raw materials supplier Local and national steel suppliers in India and overseas. |
Recurring vs cyclical contribution Revenue primarily cyclical, dependent on infrastructure investment cycles in power and telecom sectors. |
Our industry position Established player post-restructuring with certifications and key policy approvals; rebuilding position post insolvency. |
Financial highlights Revenue of Rs 5.57 crores in FY2024-25 with net loss of Rs 90.74 crores due to restructuring and depreciation expenses. |
Geographical revenue split Approximately Rs 139.78 crores from India and Rs 6.90 crores from Hong Kong operations (FY 2016-17 data). |
Order book - |
Whats driving growth New management focusing on profitable lines, leveraging integrated steel production capabilities and large-scale infrastructure demand. |
Our future plans Implement resolution plan fully, expand integrated steel and tower manufacturing in South India, improve profitability and operational stability. |
Our green promise - |
Our people and values Focus on ethics, prevention of corruption, harassment-free workplace, and committed quality workforce development. |
Key challenges ahead Recovering from insolvency, asset impairments, sustaining operational stability and capital restructuring implementation. |
Interesting facts First integrated tower manufacturer in South India; international expansions in Africa and Hong Kong. |
Risks and strategy Risks include asset impairments and delayed creditor settlements; strategy focuses on strict resolution plan execution and operational turnaround. |
