October 11, 2025

Hold on to your hats, tech lovers! VVDN Technologies, a well-known Indian contract manufacturing champ, is gearing up for a major fireworks show — its first Initial Public Offering (IPO)! The company’s cofounder and engineering president, Vivek Bansal, revealed the big plan. "The next round (of funding) would be an IPO," he said, adding that they want to cross the sparkling $1 billion annual revenue mark before ringing the IPO bell. Based in Gurugram, VVDN is gearing up big time. They've already spread their wings with manufacturing plants in the UAE and the US. Why? To neatly sidestep tariffs slapped on India by the Trump administration. Vivek shared, "Localised manufacturing helps offset tariffs and access local business requirements." Although VVDN played its cards close about current revenue, a Crisil report from 2024 suggests the firm might rake in a jaw-dropping Rs 3,500-3,800 crore in FY25, up from Rs 2,145 crore just last year. This electronics wizard produces everything from 5G base stations and Wi-Fi routers to automotive electronics, EV chargers, AI servers, plus consumer gadgets like laptops and wearables. Vivek pointed out, "While all segments are fast-growing, the telecom and data centre segments are the highest revenue drivers for us." To handle the soaring demand for AI servers, VVDN is setting up a massive 1,000-acre plant in Tamil Nadu. Not stopping there, another big facility focused on industrial automation is planned in Madhya Pradesh. Currently, the company’s manufacturing hubs are in Manesar and Visakhapatnam. VVDN’s impressive growth story includes $65 million raised across three funding rounds — including a fresh growth investment by Applied Ventures in 2024. With $150 million in annual revenue coming from US exports alone, VVDN stands tall amid giants like Foxconn and Jabil. What gives VVDN the edge? According to Vivek, they’re not just another manufacturing service. "Our margins are certainly better than some of our competitors because these guys are pure EMS (electronics manufacturing services) companies. They don't design the product," he said. Instead, VVDN controls product design and component buying, helping them keep costs low and quality high. With their eyes firmly set on $1 billion revenue and a dazzling IPO, VVDN Technologies is proving that Indian tech can take the global stage by storm. Stay tuned for this exciting roller-coaster ride!

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Tags: Vvdn technologies, Ipo, Electronics manufacturing, 5g base stations, Ai servers, Contract manufacturing,