Centum Electronics
FormerlySolectron Centum Electronics
Company typePublic
ISININE320B01020
Industry
Founded8 January 1993; 31 years ago (1993-01-08) in Bangalore
FounderApparao Venkata Mallavarapu
Headquarters44, KHB Industrial Area, Yelahanka Newtown,
Bangalore, Karnataka
,
India[1]
Areas served
  • India
  • Europe
  • North America
Key people
  • Apparao Mallavarapu (Chairman and MD)
  • Francois Cebes (CEO Centum Adetel)[2]
RevenueDecrease ₹428.38 crore (US$54 million) (FY21)
Decrease ₹33.12 crore (US$4.1 million) (FY21)
Decrease ₹23.97 crore (US$3.0 million) (FY21)
Total assetsDecrease ₹534.29 crore (US$67 million) (FY21)
Total equityIncrease ₹254.67 crore (US$32 million) (FY21)
Owners
Number of employees
1,800[4] (FY21)
Subsidiaries
  • Centum Adeneo (100%)
  • Centum Electronics UK (100%)
  • Centum Adetel Group SA (64.66%)[4]
Websitewww.centumelectronics.com

Centum Electronics Limited is an Indian electronics system design and manufacturing company. The company produces subsystems and microelectronics, and provides system integration services.[5] The company was incorporated in January 1993 and is headquartered in Bangalore, Karnataka. Centum has a presence in 6 countries. It has manufacturing facilities, design, and sales and support teams in India, Canada, and France, a design team in Belgium, and sales and support teams in the United Kingdom and the United States.[6] The company's British subsidiary, Centum Electronics UK Ltd., services all European customers except those in France.[7]

Centum Electronics has multiple manufacturing facilities in Bangalore. The company opened its fourth Indian manufacturing facility at the Aerospace Park in Devanahalli, near Bangalore on 15 February 2017.[8][9] Centum is one of the largest contractors to the Indian Space Research Organisation (ISRO) and supplies over 50 different varieties of components for satellites and launch vehicles.[10] Centum opened a new space facility in Yelahanka, Bangalore to support ISRO missions in September 2019.[11][12]

History

Solectron Centum Electronics was founded on 8 January 1993 in Bangalore, Karnataka by Apparao Venkata Mallavarapu.[5][13] The company was publicly listed on the Bombay Stock Exchange and the National Stock Exchange in 1994.[14] Centum Electronics demerged its electronics manufacturing services division into Solectron EMS India Ltd in November 2006.[15] The company changed its name to Centum Electronics in January 2013.[16]

Centum acquired a 51% controlling stake in French company Adetel Group for an undisclosed amount in June 2016.[17] In April 2018, Centum signed an agreement to sell its 51% stake in Centum Rakon India Pvt. Ltd., a joint venture with New Zealand company Rakon, to Rakon for US$5.5 million.[18] Centum stated that it did not regard Centum Rakon, which primarily operated in the telecommunications industry, as "core to its strategy".[19] The company increased its stake in Adetel Group to 64.66% in December 2020.[20]

The company was awarded the Defence Research and Development Organisation's Defence Technology Absorption Award by Defence Minister Rajnath Singh in January 2021 for its work on the EMISAT.[21] In March 2021, Kalyani Rafael Advanced Systems CEO Rudra Jadeja stated that Centum Electronics was among the companies that contributed to the manufacture of Spice 2000 bombs including those used in the 2019 Balakot airstrike.[22]

Centum Electronics has been a partner of the non-profit Akshaya Patra Foundation since the 2000s. Between 2010 and 2020, Centum stated that it had sponsored meals for 360,000 school children at public and Government-aided schools in Bangalore.[23]

References

  1. ^ "Our Head Office". Centum Electronics. Retrieved 26 January 2022.
  2. ^ "Management". Centum Electronics. Retrieved 26 January 2022.
  3. ^ "Shareholding Pattern". Centum Electronics. Retrieved 27 January 2022.
  4. ^ a b "Annual Report 2020-21" (PDF). Centum Electronics. Retrieved 27 January 2022.
  5. ^ a b "Centum Electronics". Forbes. Retrieved 26 January 2022.
  6. ^ "Investor Presentation September 2020" (PDF). Valorem Advisors. September 2020. Retrieved 26 January 2022.
  7. ^ "Centum investing Rs 200 cr in B'luru". Deccan Herald. 23 August 2016. Retrieved 26 January 2022.
  8. ^ Bureau, BS B2B (16 February 2017). "Centum Electronics opens fourth manufacturing facility in Bengaluru". Business Standard India. Retrieved 26 January 2022.((cite news)): CS1 maint: numeric names: authors list (link)
  9. ^ Dutta, Baishakhi (21 February 2017). "Centum inaugurates new facility at Devanahalli Aerospace Park, Bangalore". ElectronicsB2B. Retrieved 26 January 2022.
  10. ^ "The celestial bond that connects ISRO with India Inc". The Economic Times. Retrieved 26 January 2022.
  11. ^ Bureau&, Our (24 September 2019). "To meet ISROs growing number of missions, Centum Electronics opens new facility". www.thehindubusinessline.com. Retrieved 26 January 2022.
  12. ^ "Centum Electronics Limited inaugurates new space facility at Yelahanka". The Economic Times. Retrieved 26 January 2022.
  13. ^ "Centum Electronics History | Centum Electronics Information". The Economic Times. Retrieved 26 January 2022.
  14. ^ "Investor Relations – Centum". Retrieved 26 January 2022.
  15. ^ "OT-IT Convergence: Driving the Future of Industry 4.0 & Industry 5.0". The Economic Times. Retrieved 26 January 2022.
  16. ^ Reporter, B. S. (14 December 2007). "Solectron Centum is now Centum Electronics". Business Standard India. Retrieved 26 January 2022.
  17. ^ "Centum Electronics picks 51% stake in French firm Adetel". VCCircle. 17 June 2016. Retrieved 26 January 2022.
  18. ^ "Rakon confirms buyout of Centum Rakon India". www.rakon.com. Retrieved 26 January 2022.
  19. ^ "New Zealand electronics firm Rakon to buy out Bengaluru's Centum in JV". VCCircle. 30 April 2018. Retrieved 26 January 2022.
  20. ^ Market, Capital (11 December 2020). "Board of Centum Electronics approves further investment in Centum Adetel Group SA". Business Standard India. Retrieved 27 January 2022.
  21. ^ "Centum Electronics Limited Receives DRDO's Prestigious Defence Technology Absorption Award". ANI News. Retrieved 26 January 2022.
  22. ^ Bharadwaj, Swati (17 March 2021). "Spice bombs used in Balakot air strike were made in Hyderabad". The Times of India. Retrieved 26 January 2022.
  23. ^ "CSR: Centum Electronics sponsored meals for 3.6 lac school children over 10 years in Bangalore". The CSR Journal. 23 December 2020. Retrieved 26 January 2022.
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