Bengaluru-based global defence electronics original equipment manufacturer (OEM) Tonbo Imaging India Limited expects its next phase of growth to be driven by thermal weapon sights, missile seekers and high power microwave (HPM) systems, with the company preparing to scale up production as investments in research and development (R&D) begin to deliver results.
\n\nArvind Lakshmikumar, Founder and Chief Executive Officer of Tonbo Imaging, said, “The way we looked at investment is we are investing for the future. What we are seeing today is what we invested 5-10, years back. If you want to build a large defence tech business out of India, it can't be done overnight. It needs time and it needs gestation and we are seeing fruition for it.”
\n\nTonbo Imaging's initial public offering (IPO) opened for subscription on October 15 and will close on October 19. The company is looking to raise over ₹850 crore through an offer for sale (OFS), which allows existing investors to sell their shares. The proceeds will go to the selling shareholders rather than the company.
\n\nTonbo Imaging sees significant room for growth in thermal weapon sights and other tactical imaging systems used by soldiers. The company has developed products for helmets, weapons…
Original source: https://www.cnbctv18.com/technology/
