ZEN TECHNOLOGIES

Zen Technologies Limited is a company that specialises in the design, development and manufacturing of defence training systems utilising sensor and simulator technology. Its product range comprises land-based military training simulators, driving simulators, live range equipment and anti-drone systems.

Established in 1996, the company is known for innovation and plays a vital role in meeting the needs of the Indian Army, state police and joint forces. Zen Technologies was among the first companies in India to introduce PC-based visual simulation technology for small arms training simulators into the commercial market.

Based in Hyderabad, it has served more than 100 institutional customers, including the Ministry of Defence, thus significantly contributing to the advancement of the nation's defence capabilities.

In FY21, the company acquired 100% of the shareholding of Zen Medical Technologies Private Limited. Consequently, Zen Medical Technologies Private Limited became a wholly-owned subsidiary of the company. During the same fiscal, the company introduced the anti-drone system and established a branch office in Abu Dhabi, UAE, to explore various business opportunities. It also diversified into the medical devices business. The company launched the Advanced Warfare Weapons Simulator (AweSim) in 2021-22.

The market capitalisation of Zen Technologies as of January 29, 2024, is over ₹6,400 crore. Zen Technologies has increased by over 750% inthe last three years.

Business operations

With a team of experts, its R&D efforts and employing state-of-the-art cutting-edge technology, Zen Technologies has received recognition from the Ministry of Science and Technology, Government of India. The company has applied for over 130 patents and has exported over 1,000 training systems worldwide.

The company's manufacturing unit is situated at Maheswaram Mandal in Telangana. It has supplied over 170 simulators to more than 70 customers across India. Its customers span the entire country with main clients including defence services, state police forces and paramilitary forces. The company also exports its products to Nigeria, Qatar, Malaysia, UAE, Kenya and Egypt.

Zen Technologies runs a demo centre-cum-factory, located near the Shamshabad Airport, which has a built-up area of about 15,000 square feet. This facility enables the company to showcase its products to the world. The company also operates an Artificial Intelligence (AI) centre, situated in the Hi-tech City of Hyderabad. At this centre, the company has collaborated with the University of Hyderabad to explore the capabilities of AI.

The company's product line includes the Small Arms Training Simulator (Zen SATS SL), Hand Grenade Simulator (Zen HE36S), Advanced Weapons Simulator (Zen AWeSim), Tactical Engagement Simulator (Zen TacSim), 81mm Mortar Simulator, Driving Training Simulator (Zen DTS), Zen Bus Simulator, BMP II Driving Simulator (ZEN BMP-II DS) and Anti-Tank Guided Missile Simulator (Zen ATGM Sim).

Financial highights

– Zen Technologies revenue for FY23 was ₹281.84 crore as against ₹69.75 crore during FY22. –The net profit reported was ₹49.97 crore in FY23 as against ₹2.61 crore in the previous financial year. – The company’s earnings per share for FY23 was at ₹5.39 as against ₹0.25 in FY22.