The company established with an aim of developing state-of-the-art simulators for weapons and allied defense equipment. Zen Technologies Ltd was incorporated in the year 1993.
#Zen share price simulator
The company`s products are 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). The main customers are, Defense Services, State Police forces, Para Military forces and the Navy of a South East Asian country. Their customers are located across the length and breadth of the country. The company has supplied over 170 simulators to over 70 customers all over India and enjoys the confidence of this large customer base. The in-house R&D unit at Zen Technologies is recognized by the Department of Scientific and Industrial Research, Min.
#Zen share price software
The R&D division has sophisticated software tools and skilled manpower to develop simulators. The company attaches special importance to their R&D activities. The motto of the company is to develop indigenous state-of-the-art simulators, which compete with the world-class simulators.
#Zen share price iso
The company has ISO 9001:2008 (QMS), ISO 27001:2005 (ISMS) Certification and is a CMMI Level 3 Company. The company develops simulators for weapons and defense equipments. Zen Technologies Ltd is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators. Logistics and shipping constraints further impacted the execution timelines." Mechanical components that were outsourced also were delayed due to labour non-availability (postCovid) at vendor locations. Worse has been the complete non-availability of some components, forcing us to redesign some of the sub-systems. Shortage of electronic components globally caused delays in procurement lead times for some chips has increased dramatically. There was a delay in executing the big orders that we have received.
To add to this, cost of few components required in manufacturing our products increased drastically. Our Business Development and Business Promotion activities increased, as we spent close to INR 2.16 crores in our exhibition at Abu Dhabi. Our profitability was impacted on account of increase in selling and distribution expenses, accompanied by increased foreign travel, in line with our plans to expand Zen’s global outreach. This year’s sales were primarily driven by AMC contracts, while we continued to face some unforeseen challenges.
#Zen share price update
Ashok Atluri – Chairman and Managing Director, said: “We are pleased to share an update to accompany our FY22 results. One example is the Indian government's robust simulation framework, which gives us confidence that in the coming years will see a very strong performance.Ĭommenting on the results, Mr. The extremely favourable environment for the Indian defence players created by current Government does act as an antidote to the Covid impacted environment. On the exports front, we continue to pursue substantial opportunities and expect to have a big order book position by this year end.Our order book position as on 31st March 2022 stood at ~ INR 430 crores. Both our export order of INR 120 crore and IAF order worth INR 155 crores are expected to be fully executed by Q3FY23. On our order book and order status front, we have received an AMC contract worth INR 55 crore, wherein the revenue will be recognized periodically over the next 5 years.Q4FY22 Quarterly Result Announced for Zen Technologies Ltd.ĭefence company Zen Technologies declares Q4FY22 result:
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