Company Profile: Resolute–Skyquad Electronics and Appliances Pvt Ltd

Background

Established in 1998, Resolute–Skyquad Electronics and Appliances Pvt Ltd, operating under the brand name Resolute™, is a premier Electronics Manufacturing Services (EMS) company headquartered in Hyderabad, India. The company specializes in providing comprehensive EMS solutions to global Original Equipment Manufacturers (OEMs) across various industry verticals, including Consumer Electronics, Power, Telecommunications, Industrial, Aerospace & Defense, and Medical Electronics.

Resolute's mission is to deliver end-to-end supply chain solutions with a customer-focused business model, enabling collaboration with partners of all sizes. The company is aligned with the Government of India's 'Make-in-India' initiative, aiming to elevate the country's manufacturing capabilities.

Key Strategic Focus

Resolute's strategic focus encompasses:

• Comprehensive EMS Solutions: Offering end-to-end product life cycle management, including design, manufacturing, testing, and after-market services.

• Industry Diversification: Serving multiple sectors such as Consumer Electronics, Power, Telecommunications, Industrial, Aerospace & Defense, and Medical Electronics.

• Global Standards and Processes: Implementing global manufacturing systems and processes, including SAP as the ERP system, to ensure high-quality and efficient operations.

• Customer-Centric Approach: Focusing on accurate execution and a business model that enables collaboration with partners of all sizes.

• Alignment with National Initiatives: Supporting the 'Make-in-India' program to enhance India's manufacturing sector.

Financials and Funding

As of the financial year ending March 31, 2021, Resolute–Skyquad Electronics and Appliances Pvt Ltd reported operating revenues in the range of INR 1 crore to 100 crore. The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) decreased by 8.82% compared to the previous year, while its book net worth increased by 1.88%.

The company has secured financial support from various institutions, including:

• Jio Finance Limited: Providing a loan amounting to INR 100 crore.

• Kotak Mahindra Bank Limited: Extending a loan of INR 80 crore.

• ICICI Bank Limited: Offering multiple loans totaling INR 49.4 crore.

• HDFC Bank Limited: Providing loans amounting to INR 2.5 crore.

• Axis Bank Limited: Extending a loan of INR 0.2 crore.

These funds are intended to support the company's expansion plans, technological advancements, and operational enhancements.

Technological Platform and Innovation

Resolute distinguishes itself through:

• Advanced Manufacturing Facilities: Operating over 100,000 sq ft of manufacturing space equipped with five Surface Mount Technology (SMT) lines, enabling high-volume, high-precision production.

• Global Manufacturing Systems: Implementing global manufacturing systems and processes, including SAP as the ERP system, to ensure high-quality and efficient operations.

• Comprehensive Service Offerings: Providing end-to-end product life cycle management, including design, manufacturing, testing, and after-market services.

Leadership Team

The company's leadership is spearheaded by:

• Raminder Singh Soin: Chairman and Managing Director

• Background: A first-generation entrepreneur with over 25 years of experience in the electronics manufacturing services industry.

• Contributions: Founded Resolute Electronics in 1998 and expanded it into a diversified conglomerate. Actively involved in the Confederation of Indian Industry (CII) Telangana circle.

Competitor Profile

Market Insights and Dynamics:

The EMS industry in India is experiencing significant growth, driven by increasing demand for consumer electronics, telecommunications equipment, and industrial devices. The 'Make-in-India' initiative further propels this growth by encouraging domestic manufacturing.

Competitor Analysis:

Key competitors in the Indian EMS sector include:

• Padget Electronics Pvt Ltd: Specializes in manufacturing mobile phones and consumer electronics.

• Element 14 India Pvt Ltd: Focuses on distributing electronic components and providing design solutions.

• Samsung India Electronics Pvt Ltd: A major player in consumer electronics and home appliances manufacturing.

• Oppo Mobiles India Private Limited: Engages in the manufacturing and marketing of smartphones.

These competitors emphasize advanced manufacturing capabilities, extensive product portfolios, and strong market presence.

Strategic Collaborations and Partnerships

Resolute has engaged in significant collaborations to enhance its market position:

• Skyworth Collaboration: In 2018, partnered with China's Skyworth to establish South India's first LED TV display panel assembly unit, aiming to manufacture 200,000 LED TVs in the initial year and expand to 350,000 units in the following year.

• Sprint Electronics: A strategic partnership between Celkon and the Resolute Group, operating a manufacturing facility in Tirupati, Andhra Pradesh, producing products like Active LED displays, smartphones, and laptops.

Operational Insights

Resolute's strategic considerations include:

• Vertical Integration: Incorporating services like injection molding and EPS molding to enhance production efficiency.

• Geographical Expansion: Operating seven manufacturing units across three locations, with a land bank of over 40 acres for rapid expansion.

• Proximity to Ports: Strategically located near two ports to facilitate efficient logistics and distribution.

Strategic Opportunities and Future Directions

Resolute aims to:

• Expand Manufacturing Capacities: Increase production volumes to meet growing demand in various sectors.

• Enhance Technological Capabilities: Invest in advanced manufacturing technologies and processes.

• Strengthen Global Partnerships: Forge alliances with international OEMs to expand market reach.

• Diversify Product Portfolio: Enter new product segments to cater to evolving market needs.

Contact Information

• Website: www.resoluteelectronics.com

• LinkedIn: Resolute–Skyquad Electronics and Appliances Pvt Ltd

• Headquarters: Hyderabad, Telangana, India