Exicom Tele-Systems

In 1994, a company named Himachal Exicom Communications Limited was established, starting its journey by manufacturing DC power systems. This foundational business in critical power solutions for the telecom industry set the stage for future diversification. Led by promoters including Anant Nahata and Himanshu Baid, the company was renamed Exicom Tele-Systems in 2008. For years, Exicom solidified its position in the telecom infrastructure space, providing power management solutions. A significant shift occurred as the electric vehicle market began to emerge in India. Leveraging its deep expertise in power electronics, Exicom made a strategic pivot, becoming one of the first entrants into the EV charger manufacturing industry. This new vertical focused on smart charging systems for residential, business, and public use. This early move proved crucial, establishing Exicom as a market leader with a significant share in both residential and public EV charging segments in India. The company's journey culminated in a major financial milestone in early 2024. Exicom launched its Initial Public Offering (IPO) in late February, listing on the BSE and NSE on March 5, 2024. The IPO, comprising a fresh issue of shares and an offer for sale, marked a new chapter for the company, providing capital to fuel its growth, particularly in the rapidly expanding EV charger business.