Aartech Solonics Ltd.

Incorporated in 1982, Gwalior, Madhya Pradesh based Aartech Solonics Limited is a system solution oriented R&D enterprise in the field of specialized and selected energy appliances. It is involved in the manufacturing of electricity distribution & control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.Some of the company's popular products and services include-1. BTS - 2000.2. Kranking Ultra Capacitors.3. Control Rely Panels.4. Load Checkers.The company also provide solutions and services for products of other companies like-1. GSUN Innovations2. Bestcase EnclosuresThe company's client base includes businesses from various industries like Defense, Railways, Power Generation, Heavy Earth Moving Equipments and Oil & Gas etc.Aartech's Innovations Lab is a 1000 sqft facility with all modern amenities required for laboratory operations. In November 2013, it was recognized by the Department of Science and Technology for its contribution in the field for R&D activities.The company has 55 full-time employees excluding 10 contract employees.

Aartech Solonics Ltd. proposes to utilise the net proceeds from the Issue for the following objects: