Centum Electronics Limited
Annual Report 2021-22
Table of Contents
Corporate Overview
We are Centum Electronics Limited | 1 |
Major Events | 2 |
Our Global Footprint | 4 |
Manufacturing Facilities | 5 |
Our Services & Offering | 6 |
Industries We Cater | 8 |
Financial Highlights | 10 |
Letter to Shareholders | 12 |
Board of Directors | 14 |
Leadership Team | 16 |
Corporate Information | 17 |
Management Reports
Management Discussion & Analysis | 18 |
Board's Report | 24 |
Corporate Governance Report | 40 |
Business Responsibility Report | 56 |
Financial Statements
Auditor's Report on Standalone Financials | 61 |
Standalone Financial Statements | 72 |
Auditor's Report on Consolidated Financials | 135 |
Consolidated Financial Statements | 144 |
Notice to AGM | 219 |
Forward-Looking Statements
Certain statements in this Report, including statements relating to Centum's expectations regarding the future business, development and economic performance, that are subject to risks, uncertainties and other factors. Without limitation, among the factors that could cause actual results to differ materially from those indicated by such forward-looking statements such as but not limited to (1) competitive pressure; (2) legislative and regulatory developments; (3) global, macro economic and political trends; (4) fluctuations in currency exchange rates and general market conditions; (5) technical developments; (6) litigations; (7) adverse publicity and news coverage, etc. All forward-looking statements reflect Centum's expectations only as of the date of this Report and should not be relied upon as reflecting Centum's views, expectations or beliefs at any date subsequent to the date of this release. Centum disclaims any obligation to update the information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.
We are Centum Electronics Limited
Centum was founded in 1994 in Bangalore, India. Since then, the Company has rapidly grown into a diversified electronics Company with operations in North America, EMEA and Asia. The Company offers a broad range of products and services across different industry segments. It has continuously invested in strengthening its design & product development capabilities while developing deep domain knowledge in the segments it operates in. Centum has also established truly world-class manufacturing facilities with cutting edge infrastructure as well as a global supply chain capable of delivering products with high quality and reliability.
A key contributor to Centum Group's growth has been the strong relationships forged with international customers and partners. This customer-focused approach coupled with
Centum's culture hinged on the core-values of Technology- Teamwork-Trust has resulted in a track-record of high quality products & services and excellent execution ability.
Centum currently has a team of 1800 employees including 650 design engineers. With a 29 years of domain expertise in Electronics Design and Manufacturing Solutions Centum has provided its customers with Hi-Tech and Hi-reliability products with flexible engagement models and in the process developed a strong relationship with all the marquee global clients.
Our goal is to provide a comprehensive, competitive and innovative set of solutions and give customers the flexibility to choose what is best suited to their needs.
Our Vision
To create value by contributing to the success of our customers, by being their innovation partner for design & manufacturing solutions in high technology areas.
1
Major Events
during Financial Year 2021-22
Centum was privileged to host Mr. Franck Riester, Minister of Foreign Trade, France, Mrs. Anne Genetet, M P, Mr. Emmanuel Lenian, Ambassador of France and other senior delegates. Discussions were held on focusing the opportunities to build Company's strong presence in France and Europe in the strategic areas of Clean Tech & Energy, Defence, Mobility and Medtech.
CENTUM ELECTRONICS LIMITED | 2 |
Centum Electronics Limited is the proud recipient of the SIDM CHAMPION AWARD (Society of Indian Defence Manufacturers) from Hon'ble Defence Minister, Shri. Rajnath Singh under Large Category for import substitution for an outstanding contribution made towards critical technology development in the area of Defence Systems in line with Make in India policy of Government of India. Our CMD, Mr. Apparao V Mallavarapu and our President Mr. Vinod Chippalkatti received this prestigious award.
The delegation led by Mr. Jean-Loïc Galle, Senior Executive Vice President, Chief Operating Officer and Chief Performance Officer of Thales France along with Mr. Roque Carmona, Senior Vice-President
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Group Chief Procurement Officer and
Mr. Deepak Talwar - VP Global Procurement - Engineering Segment WW & VP Procurement - India, Middle East & Africa regions and Thales India team visited the Company. Mr. Jean's visit marked our 10 years of partnership with Thales, thus, fortifying our relationship further and strengthening our collaboration with Thales in the coming years.
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Disclaimer
Centum Electronics Limited published this content on 18 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 15:33:04 UTC.