Calcom Vision Limited has recorded its life time high annual sales of INR 100.06 Cr. for the year ended as on March 31, 2022. The sales for the FY22 is increased by 73.47% as compared to the previous FY21. In Q4FY22, Calcom clocked the sales of INR 38.16 Cr. The Q4FY22 sales increased by 71.58% as compared to the corresponding Q4FY21.
As per Mr. Abhishek Malik, Calcom’s Executive Director, “CALCOM” is on track to a Great Comeback with CAGR growth of 48% over a last 6 years & more than 25% growth Quarter on Quarter for the last 8 Quarters.
We are determined to improve the growth rate further and achieve better results banking on healthy order book and larger customer base. Company is investing to upgrade the infrastructure & increase capacities. Calcom has also been selected for the PLI Scheme for LED Drivers & LED Engines”.
During the fourth quarter, the Company secured an investment of INR 10 Cr to fund its future business requirements. The investment is contributed by the following investors:
– Massachusetts Institute of Technology
– 238 Plan Associates LLC
– Micro Strategies Fund – A Scheme of Old Bridge Capital
The Promoters also converted their Rs 5 Cr outstanding loan into Equity.