What we do Panabyte Technologies Ltd is a BSE-listed company offering technology solutions, consulting, electronic and IT product trading, and services including surveillance and biometric systems. |
Founded in 1,981 |
Market share Has a widespread network of 500+ channel distributors in India; strategic alliances with e-commerce platforms for product distribution. |
Problem solved Addresses demand for integrated technology solutions, electronic goods, surveillance, and biometric services for businesses and consumers. |
Top clients or who we serve Serves B2B and B2C customers including large corporates through its product distribution and project-based services. |
Key management Prakash Mavji Vichhivora (Chairman & Managing Director), Hetal Mavji Vichhivora (Whole-Time Director), with experienced independent directors. |
Our journey and innovations Started in 1981, evolved from textiles to IT products; launched Hyundai mobile power banks and PANACHE brand telephony products; expansion into FMCG and services. |
Where we operate Operates primarily in India with international operations via subsidiaries in DMCC and Eddy and Andy International Ltd. |
Top products or what we offer Trading of consumer electronics, IT hardware, surveillance systems, biometric solutions; new launches include LED bulbs, rechargeable lanterns, and landline phones. |
Top brands Hyundai Mobile Power Bank, Hyundai LED Lighting, PANACHE Telephones, Motorola Fixed Wireless Phone – all key revenue contributors. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from trading and project services; some recurring from AMC and maintenance contracts. |
Our industry position A recognized player in India's IT product distribution, surveillance and biometric services with expanding market presence. |
Financial highlights Revenue of INR 3.75 crore and net loss of INR 45.7 lakhs in FY 2023-24; prior year revenue was INR 8.87 crore with net loss INR 44.7 lakhs. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by product innovation, expanding distribution network, launch of new product verticals, and service contracts. |
Our future plans Focus on expanding service industry verticals, new product launches, leveraging existing distribution for FMCG and technology solutions. |
Our green promise - |
Our people and values Employs 34 staff focused on continuous learning, training, and maintaining a culture of integrity and governance. |
Key challenges ahead Managing financial losses, scaling recent strategic expansions, and mitigating market competition and regulatory compliance risks. |
Interesting facts Received insurance claim of INR 1.25 crore after a warehouse fire incident; launched India-made Motorola Fixed Wireless Phone under Make in India. |
Risks and strategy Facing financial constraints and regulatory compliance challenges; strategy includes diversifying offerings and strengthening internal controls. |
