Merritronix Limited
Merritronix Limited is a Hyderabad-based Electronics Systems Design and Manufacturing (ESDM) company serving defence, aerospace, telecom, and industrial sectors, launching a ₹70.03 crore SME IPO on BSE SME with a price band of ₹141–₹149 per share.
Overview
About the Company
Merritronix Limited, incorporated in October 1988 and headquartered in Hyderabad, Telangana, is an Electronics Systems Design and Manufacturing (ESDM) company that produces high-reliability, mission-critical electronic assemblies for defence, aerospace, telecom, and industrial customers. The company offers a comprehensive range of B2B services including component sourcing, SMT and through-hole PCB assembly, system integration, testing, box-building, and delivery of finished electronic products to Indian defence and aerospace standards. As of December 31, 2025, its manufacturing facility has an annual installed capacity of 7,65,000 SMT boards, 6,00,000 THT boards, and 4,20,000 product assembly units, totalling 17,85,000 production units. The company holds EN 9100:2018 certification (equivalent to AS 9100D) and serves clients in defence PSUs, aerospace, electrical engineering, heavy industries, power, and utilities. Revenue grew from ₹5,317 lakhs in FY23 to ₹11,356 lakhs in FY25 at a 46% CAGR. As of March 31, 2026, the company employed 57 people and is led by Chairman Mr. Dovari Yesudas and Managing Director Mr. Dovari Amarnath.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Capital expenditure for the purchase of machinery and equipment (u20b921.36 crore).
- › Funding of working capital requirements of the company (u20b921.95 crore).
- › Full or partial repayment/prepayment of certain outstanding borrowings of the company (u20b912.72 crore).
- › General corporate purposes.
✅ Strengths
- ✓ Over three decades of operating history in mission-critical defence and aerospace electronics manufacturing.
- ✓ Proven track record of successfully executing programmes for defence and aerospace customers.
- ✓ Strong expertise in obsolescence management and extending the lifecycle of legacy electronic systems.
- ✓ Modern SMT infrastructure with IPC-A-610 Class 3 assembly capability for the highest quality standards.
- ✓ A robust order book that provides strong near-term revenue visibility.
- ✓ Experienced promoter group and senior management team with deep domain knowledge.