We are bullish about today’s environment
We understand that Centum caters to diverse mission-critical applications like defence, medical equipment, etc. What are your key business drivers in India? Centum has started its journey in defence and space in the year 2000 and today Centum contributes significantly to most of the mission critical applications.
For defence, the ever growing demands of the defence systems for the country coupled with thrust on Make in India policy and offset obligations are clearly the key drivers. Significant increase in the number of Indian made missiles and radar requirements by DRDO and DPSUs are great opportunities for Centum.
For space, clearly the business drivers are the increased number of satellites and launch vehicle programs announced by ISRO. They are planning to have more than 50 missions in the coming years and being a leading partner to ISRO, we are quite positive about it. Our successful contributions in Science missions like MARS, ASTROSAT and CHANDRAYAAN apart from communication and remote sensing missions put us in an advantageous position.
The experience in design and manufacture of hi-reliability sectors like defence and space, naturally enabled us to work in medical sector. The systems and certifications, compliance to quality and traceability requirements of the D&A is helping us to expand in Medical area. A homegrown company like Centum is understood to have around 70 per cent of its business coming from developed global markets like USA and Europe. What have been the factors of this success? Since 1997, Centum has been exporting its products and today we ship to more than 17 countries. We have always been a company with its outlook as a global player and towards this we have sales offices in USA and Europe which are led by local nationals. The demand and supply of electronic products is driven by the world markets and hence our focus continues to be a major exporter. Given that customization has been your forte, tell us about your R&D set up in India. We are a design, engineering and manufacturing company with focus on BTS