CALCOM VISION LTD.

Manufactures LED lighting products — LED bulbs, LED battens, professional lighting, industrial lighting, outdoor lighting and solar lighting — at a 15,000 sq. metre facility in Greater Noida, primarily on an OEM/ODM basis for third-party brands. Customers include Panasonic, Bajaj, USHA, Polycab, Opple, Goldmedal Electricals, Anchor and Amazon, with Goldmedal alone expected to contribute an estimated ₹20-25 crore in annual revenue at steady-state capacity. The company also receives goods under the government's PLI (Production Linked Incentive) scheme for white goods, having claimed ₹180 lakh in incentives and received approval to shift to a higher PLI investment category of ₹25 crore. Beyond core lighting, it is investing in plastic extrusion, aluminium die casting, powder coating and battery pack manufacturing, and broadening its ODM offerings into BLDC fans, EV chargers, solar inverters and IT hardware. Materials account for 81.7% of revenue, employee costs 11.4%, depreciation 2.6% and other opex 4.3%, with EBITDA margin at 7.0% in FY26. Two subsidiaries — Calcom Astra Pvt Ltd and Calcom Taehwa Techno Pvt Ltd — are mentioned in filings, with Calcom Astra contributing to consolidated losses in Q4 FY26.