Centum Electronics Share Price

Centum Electronics Ltd (Formerly known Solectron Centum Electronics Ltd) was incorporated on 8 January 1993 and commenced commercial production in 1994. The Company designs and manufactures advanced electronics systems, subsystems and components. It caters to Defense, Space, Communications and Automotive Electronics markets. With extensive design development expertise and leading edge enabling technologies, the Company is now the industry leader in electronics solutions components.CMCEL was primarily set up to cater to the telecommunication requirement in the country. Its major customers inculdes ITI, HTL, BI Technologies, Punjab Communication, Crompton Greaves, LT, ABB and Deltron. The company supplies 80% of its products to the telecom industry. Due to this dependence of the company on single sector the company has to suffer losses in past. So to diversify and meet the demand for defence and aerospace sector the company imported and installed machines worth Rs 2 cr to cater this markets.The company is the largest manufacturer of hybrid micro circuits in the country. It is also the largest exporter of resistor networks. The company was also awarded the best productivity award by CDOT for its products in 1999.Recently the company set up a 100% EOU to manufacture FCP product to cater to the worldwide clients. This new facility also received the ISO 9001 certification within five months of trial production.The Company completed the first full year of production of Frequency Controlled Products. The product was well received by companies like Nortel, Nucent, Marconi etc., and the Company was able to export Rs 150 million of these products.Through shareholders approval, the Frequency Control Product (FCP) business of the Company was transferred to a subsidiary of the Company, Centum Frequency Products Private Limited on January 30, 2008. During 200809, the Company formed a Joint Venture with Rakon, New Zealand, world leaders in FCP during Feb 08. Rakon through its wholly owned subsidiary, Rakon (Mauritius) Limited, subscribed to 49% of the equity of Centum Frequency Products Private Limited and resulting to subscription, the name of the subsidiary was changed to Centum Rakon India Private Limited w.e.f. May 22, 2008, which completed its first full year of operations in 2009.In 200910, Solectron EMS India Limited (the Transferor Company) amalgamated with the Company (the Transferee Company) through Scheme of Amalgamation, with an Appointed date of 1 April 2009, and the Scheme became effective on 30 July 2010. The Company acquired controlling stake in Adetel Group SA, subsidiary in France on June 17, 2006. It inaugurated a brand new stateofart facility at the Aerospace Park at Devanahalli in Bangalore in Feb 2017.