Vinyas Innovative serves as a partner to foreign OEMs, specializing in executing defense manufacturing projects. They offer both 'build-to-print' and 'build-to-specification' services. They also manufacture Printed Circuit Board Assemblies (PCBAs) and complete box assemblies for both domestic and international OEMs.
Vinyas Innovative is recognized for its proficiency in producing products utilized in various sectors, including Medical, Telecom, Automotive, and Industrial applications. They claim that they possess the capabilities and technology needed to tailor PCBA production to meet specific customer requirements, subjecting their products to rigorous quality assurance testing.
In 2021, 2022, and 2023, Vinyas Innovative generated revenues of Rs. 20,502.91 lakhs, Rs. 20,773.76 lakhs, and ₹23,452.40 lakhs, respectively.
Vinyas Innovative has established a presence in the Aerospace, Defense, and other Electronic segments of the industry.
Vinyas Innovative has a history of delayed payments regarding previously acquired credit facilities.
The company heavily relies on a single customer to generate revenue for fiscal years 2021, 2022, and 2023. Losing this customer could significantly impact both revenue and profitability.
Any disruption or slowdown in Electronic System Design and manufacturing facility could severely harm the company's business, financial condition, and operational results.
As of March 31, 2023, the company had total sanctioned facilities, including fund-based and non-fund-based, amounting to Rs. 14,473.55 lakhs.
Vinyas Innovative is currently involved in ongoing legal disputes that include the company, its promoter, directors, and group entities.
Inadequate risk management in export sales could have a detrimental effect on foreign customer relationships. A portion of the company's revenue comes from product exports to various regions, accounting for 7.36%, 5.17%, and 7.11% of total revenue in 2021, 2022, and 2023, respectively.
The company experienced negative cash flows in its operating, investing, and financing activities in previous years.
The promoters acquired equity shares at a lower cost than the issue price.
Loss of independent certification and accreditation for products and manufacturing practices adopted by the company could pose a threat to its business.