TVS ELECTRONICS LTD

Operates in two business segments from a Chennai headquarters, with manufacturing based in Tumakuru, Karnataka. The Products and Solutions Group (PSG) makes point-of-sale (POS) terminals, handheld devices, 2D scanners, and integrated automatic identification and data capture (AIDC) solutions, serving BFSI and warehouse/logistics customers; it generated Rs 316.41 crore in FY26, or 69.5% of total revenue, with a 4.7% segment EBIT margin. The Customer Support Services (CSS) segment handles infrastructure managed services (IMS), solar operations and maintenance (O&M), and electronics manufacturing services (EMS) for external customers; it generated Rs 138.79 crore (30.5% of revenue) but ran at an 8.5% segment EBIT loss in FY26. Operating scale includes solar site capacity scaled from 1 GW to 3 GW in FY26, an SMT line running at 30–40% utilisation with EMS revenue already starting to flow, and an authorised service partner network consolidated from over 700 to 500 partners. Materials accounted for 32.3% of revenue (Rs 147.1 crore) and employee costs 17.1% (Rs 77.98 crore), making inputs the largest cost line. Capex was Rs 4.54 crore in FY26, with Rs 40 crore already invested cumulatively in factory expansion and EMS, and the company reported a small net profit of Rs 1.26 crore versus a loss the prior year on revenue of Rs 455.2 crore.