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About the company - Business Profile

IKIO Technologies Limited (formerly IKIO Lighting Limited) is an innovation-driven Original Design Manufacturer (ODM) specializing in sustainable and precision-engineered electronic products. The company has transitioned from a lighting-focused manufacturer to a diversified technology platform, serving global B2B markets in sectors including residential, commercial, industrial, and specialized electronics. IKIO operates with a high degree of backward integration, allowing it to provide end-to-end solutions from design and prototyping to scalable manufacturing and testing.

Key Points

Key Facts

• Founded Year: Incorporated in 2016 (though leadership has ~25 years of industry experience).
• Headquarters: Noida, Uttar Pradesh, India.
• Stock Listing: Listed on BSE (Scrip Code: 543923) and NSE (Symbol: IKIO) on June 16, 2023.
• Company Rebranding: Renamed from IKIO Lighting Limited to IKIO Technologies Limited in FY2025 to reflect its expansion into multi-vertical electronics.

Operations and Resources

• Manufacturing Facilities: Operates five integrated facilities covering approximately 500,000 sq. ft. across Noida and SIDCUL, Haridwar.
• Greenfield Project: Commercialized Block I (2 lakh sq. ft.) of its new Noida facility in May 2024; Block II (2 lakh sq. ft.) was scheduled for commissioning by March 2025.
• Integration: High level of backward integration, manufacturing almost all mechanical components in-house, including plastic injection moulding, metal fabrication, and tool room operations.

Market and Significance

• Industries Served: Residential and commercial lighting, commercial refrigeration (CR), recreational vehicles (RV), and consumer electronics.
• Global Presence: Operates in India, the USA, and the Middle East (Dubai). Revenue from outside India grew 53% to ₹1,101 million in FY2026, representing approximately 18% of total revenue.
• Strategic Importance: A key player in the high-end LED lighting and specialized electronics ODM space in India, supporting the "Make in India" initiative.

Revenue and Business Model

• Business Model: Operates as an ODM, co-engineering solutions under customer-owned brands. It leverages in-house R&D and a portfolio of over 2,000 SKUs to maintain high margins and high-value niche positioning.
• Revenue Breakdown (FY2026):
  • Home Lighting (ODM): ₹1,694 million (31.4% of total revenue).
  • Other Business (RV, CR, Electronics): ₹3,695 million (68.6% of total revenue), showing a significant shift toward diversification.
• Total Revenue (FY2026): ₹5,389 million, compared to ₹4,859 million in FY2025.
• Profitability (FY2026): Reported a Profit After Tax (PAT) of ₹416 million for FY2026, up from ₹324 million in FY2025.

Products and Innovation

• Lighting: High-end decorative LED lights, commercial refrigeration lighting, and LED lights for RVs.
• Non-Lighting Growth Engines: Solar panels (for RVs), ABS pipes, IPS stabilizers, rotary switches, fan regulators, lithium batteries, and USB chargers.
• Recent Forays: Entered the "Hearables and Wearables" segment (TWS earphones, neckbands, smartwatches) in FY2025, which saw strong momentum through new client orders in FY2026.
• R&D: Employs an in-house R&D and design team of over 50 employees.

Corporate Structure and Strategy

• Major Subsidiaries: IKIO Solutions Private Limited (domestic manufacturing arm) and Royalux LLC (USA-based marketing and distribution).
• Strategic Initiatives:
  • Acquisition: Acquired an 88% stake in Gravus Tech in FY2026 to strengthen its marketing and distribution network.
  • Market Expansion: Increasing focus on the Middle East market via Dubai operations.
• Employee Count: Supported by a professional leadership team and a growing workforce; however, specific attrition rates were not detailed in the reports.

References

1. Annual Report May 2025
2. Investor Presentation May 2026
3. Investor Presentation Nov 2025
4. Investor Presentation Feb 2026
5. Annual Report May 2024