Virtuoso Optoelectronics Ltd
About the Company
Virtuoso Optoelectronics Ltd (VOEPL), established in 2015 in Nashik, India, is a leading player in the electronic manufacturing sector, specializing in OEM/ODM solutions for White Goods, LED Lighting, and Electronic Manufacturing Services (EMS). The company provides end-to-end solutions, from product design to final assembly, focusing on air conditioners, water dispensers, washing machines, LED lighting, and commercial freezers.
Business Overview
1. Consumer Goods Manufacturing
Air Conditioners (IDU & ODU): The company manufactures both indoor and outdoor units of air conditioners. It has expanded its capacity to produce 800,000 indoor units and 400,000 outdoor units annually.
Water Dispensers: A relatively new segment, the company has started production with an annual capacity of 150,000 units, with plans to scale up to 250,000 units per annum.
Lighting Solutions: Includes LED lighting products with a production capacity of 60 million units per year.
2. Electronics Manufacturing Services (EMS)
The company provides contract manufacturing services for electronic products.
The EMS segment has been strengthened with a new Surface-Mount Technology (SMT) Line.
VOEPL is also developing controller boards, brass components, and expanded polystyrene (EPS) components as part of its EMS services.
3. Component Manufacturing and Backward Integration
Injection Molding: In-house production for plastic components.
Heat Exchanger Line: Essential for air conditioning and refrigeration products.
Copper Tubing Line: Enhancing the manufacturing of air conditioning components.
Sheet Metal & Powder Coating: For better durability and design flexibility.
Cross Flow Fans (CFFs): Used in air conditioners with a production capacity of 40,000 units per month.
Aluminum Pressure Die Casting & Brass Parts Manufacturing.
4. Commercial Refrigeration
Expansion into deep freezers and commercial refrigeration units.
New manufacturing setups to cater to this market.
Financial Report
Share Capital & Number of Employees
Share price and Volume (last 1 year):
Month and Year | September-2024 | October-2024 | November-2024 | December-2024 | January-2025 |
|---|---|---|---|---|---|
| Volume | 900000 | 1000000 | 646000 | 500000 | 2033000 |
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Business Segment
Electronics Manufacturing Services (EMS) and LED Lighting
End to end Electronic Manufacturing Services for a large variety of products
Air Conditioners (ACs)
This includes manufacturing of indoor units (IDU) and outdoor units (ODU)
AC Components
This segment involves manufacturing heat exchangers, plastic and EPS parts, and copper tubing. VOEPL is also expanding its existing unit for brass parts, EPS components, packing, and cross-flow fans.
Reciprocatory Compressors
This includes water dispensers and commercial refrigeration. VOEPL is introducing a key range of Commercial Refrigeration for B2B2B and B2B2C customers.
Key Highlights & Management Guidance
- VOEPL has been approved for the PLI scheme for White Goods for an investment amount of ₹50.50 Cr. which will go towards the backward integration of AC Components.
- Capacity expansions in IDUs, ODUs & EMS have started contributing in FY25.
- Increased capacity utilization for water dispensers, with further expansion underway.
- A new facility for commercial refrigeration is on track to be operational by the end of Q3FY25.
- Further investments in machinery to enhance backward integration.
Industrial Outlook
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