What we do Vdeal System Ltd specializes in smart electrical control panels, industrial automation, and IoT-enabled AI/ML integrated solutions adhering to international standards. |
Founded in 2,009 |
Market share Ranked best system integrator by various multinational companies in industrial automation and electrical panels. |
Problem solved Provides efficient, safe, and automated power distribution and industry process control solutions to enhance operational productivity and safety. |
Top clients or who we serve Serves public utilities, metal, mining, power, process industries, and infrastructure sectors. Primarily B2B model. |
Key management Dhiraj Kochar (Managing Director & CEO), Tapaswini Panda (Whole-time Director & CFO). |
Our journey and innovations Founded in 2009, transitioned to public listed company in 2024, launched MV panel business in FY22 and introduced XLASH.IO IoT platform. |
Where we operate Operations primarily in India with plans to expand in industrial sectors. |
Top products or what we offer Smart MV and LV panels, automation solutions including PLC, SCADA, VFD, DCS, and IoT platform XLASH.IO. |
Top brands XLASH.IO - flagship industrial IoT platform enabling smart monitoring and control with cloud capabilities. |
Raw materials needed Electrical components for panel manufacturing, PLC modules, sensors, and automation hardware. |
Raw materials supplier Not specified in provided data. |
Recurring vs cyclical contribution Revenue largely project-based with increasing recurring SaaS revenues from IoT platform. |
Our industry position Emerging leader in smart electrical and automation panels with a strong foothold in industrial automation segment. |
Financial highlights FY 2024-25 revenue Rs 33.58 crore with net profit of Rs 3.99 crore, reflecting 28% YoY growth. |
Geographical revenue split - |
Order book - |
Whats driving growth Demand for smart automation, expansion into MV panels, AI/ML integration, and increased industrial digitalization. |
Our future plans Expand renewable energy integration, infrastructure electrification, and EPC services alongside automation solutions. |
Our green promise Committed to sustainable growth, safety, and corporate social responsibility initiatives in health and education. |
Our people and values Focus on talent retention and development with inclusive workplace culture. |
Key challenges ahead Scaling operations and market competition amid rapid technological change. |
Interesting facts Achieved SME listing on NSE in 2024 with a fully subscribed IPO raising Rs 18 crore. |
Risks and strategy No significant risks identified; strategy focuses on product innovation, market diversification, and cost management. |
