DCX Systems Ltd

DCX Systems Limited was initially incorporated on December 16, 2011 as a Private Limited Company, under the name 'DCX Cable Assemblies Private Limited', at Bengaluru, Karnataka. Thereafter, Company's name was changed to DCX Systems Private Limited' by the RoC on January 3, 2022 and upon the conversion of the Company to Public Limited, the name of the Company was again changed to 'DCX Systems Limited' on February 18, 2022. The Company began as a specialised manufacturer of cable and wire harness assemblies. Over time, it expanded into electronic modules, subsystem integration, radar electronics, printed circuit board assemblies and complete system integration. At present, the Company participates across a materially larger share of the defence electronics value chain. It offers a full service and manufacture of Electronic Systems and cable harness assemblies for both international and domestic reputed customers. The Company commenced operations in 2011 and and has been a preferred Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs) for executing aerospace and defence manufacturing projects. The Company is rapidly growing in the Indian defence space. It classify operations under the business verticals such as, System Integration, Cable and Wire Harness Assemblies and Kitting. In addition, it undertake certain job work service including assembly and testing of materials that have been supplied directly by customers. It undertakes system integration in areas of radar systems, sensors, electronic warfare, missiles, and communication systems. It provide product assembly and system integration services to address customers' requirements. During year 2020, it commissioned a manufacturing facility located at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru. In 2022, Raneal Advanced Systems Private Limited was incorporated as the wholly-owned subsidiary of the Company. The Company launched an IPO of 24,154,587 Equity Shares by raising funds aggregating to Rs 500 Crore comprising a Fresh Issue of 19,323,671 Equity Shares aggregating to Rs 400 Crore and an Offer for Sale of 4,830,916 Equity Shares aggregating to Rs 100 Crore in November, 2022. The Company started commercial production at Raneal Advanced Systems Pvt Ltd in 2023-24. The Company formed a joint venture with Israel's ELTA Systems to create NIART Systems Limited in October, 2023 for obstacle detection solutions in railway industry for safety and efficiency. It expanded the maintenance, repair, and overhaul (MRO) footprint through a strategic agreement with Israel Aerospace India Services Private Limited. The Company has formalized a joint venture with Elta Systems Ltd, Israel to manufacture radar systems for airborne in April, 2025. In January 2026, the Company, in collaboration with IAI ELTA, demonstrated its Advanced Tank Counter-UAS Self-Protection Solution to safeguard armored combat vehicles against aerial threats posed by UAVs, delivering advanced capabilities in detection, tracking, interception and real time situational awareness. It advanced the ELTX Systems platform through the Tamil Nadu manufacturing facility initiative for radar and electronic warfare systems under Make in India. It expanded Raneal's manufacturing capability through an oversized PCBA facility and increased participation in surveillance and electronic warfare opportunities.