Transline Technologies: Financial Highlights, Valuation & Recent News

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Transline Technologies: About the Company

Transline Technologies is a contemporary technology services firm specializing in creating efficient digital environments for organizations. With over two decades of system integration experience, they have served more than 100 major corporations, including Fortune 500 clients. Known for its exceptional service, Transline has pioneered cloud computing, surveillance, biometric IoT, and analytics. They lead the industry in AI and ML, introducing transformative applications in India. As a fully integrated electronics manufacturing player, they excel in electronics system design and manufacturing (ESDM) across various industries, including automotive, industrial, railways, IoT, and IT.

Company NameTRANSLINE TECHNOLOGIES LIMITED
Company TypeUnlisted Public Company . Buy Transline Technologies Unlisted Shares
IndustryIT Services
Founded2001
Registered AddressNew Delhi, India

Timeline

2001: Incorporated.

2003: Secured an IT hardware contract from the Parliament of India.

2007: Started the biometrics business and integrated India’s largest biometric attendance system, capturing 150,000 individuals for the Municipal Corporation of Delhi.

2011: Set up an integrated communication system for Indian Railways.

2015: Implemented ICT setup for 204 schools in Andhra Pradesh, the first such project in the state. Also installed biometric attendance at all courts in Madhya Pradesh.

2018: Supplied 60% of all Aadhar registration kits across India.

2020: Entered the IoT, AI, ML, and robotics sectors.

2021: Became large-scale system integrators.

2022: Received contracts from Indian Railways and IOCL for end-to-end surveillance solutions.

2023: Developed in-house IoT analytics, video management software, and innovations in biometrics. Executing projects worth INR 522 crores.

2024: Expanding enterprise solutions and introducing product suites, aiming to secure contracts worth INR 1750 crores.

Transline Technologies: Products and Solutions

Surveillance

Transline Technologies offers a comprehensive range of surveillance products including IP cameras, access control systems, bag X-ray scanners, metal detectors, and perimeter security solutions. These products are designed to enhance security and monitoring capabilities across various environments. The solutions provided include advanced facial recognition, command control centers, access control software, video management systems, and video analytics, all aimed at ensuring robust security and efficient management of surveillance operations.

Biometrics

The biometrics segment of Transline Technologies includes cutting-edge products such as IRIS scanners, fingerprint scanners, slam & palm scanners, facial recognition systems, Aadhaar enrollment devices, and Aadhaar tablets. These products are essential for secure and accurate identification and verification processes. The solutions in this segment feature smart cards, centralized attendance systems, two-factor authentication, Aadhaar payments, and e-KYC solutions, ensuring secure and efficient identity management for various applications.

Internet of Things (IoT)

In the IoT segment, Transline Technologies provides innovative products like smart lights, smart poles, smart waste bins, smart surveillance systems, vehicle GPS trackers, and messaging displays. These products are designed to create interconnected and intelligent environments. The solutions include safe city initiatives, smart city projects, and vehicle monitoring systems, all of which aim to enhance urban living by leveraging IoT technology for improved safety, efficiency, and sustainability.

IT Hardware

Transline Technologies offers a wide range of IT hardware products, including firewalls, racks and MDCs, desktops and printers, passive networks, servers and storage solutions, as well as switches and routers. These products are essential for building and maintaining robust IT infrastructure. The solutions provided encompass end-client printing, network management, mini data centers, cyber security, and full-scale data centers, ensuring that organizations have the necessary hardware and software support for their IT operations

Transline: Sectors They Serve

  1. Banking, Financial Services and Insurance (BFSI)
  2. Government and PSU
  3. Oil and Gas
  4. Logistics
  5. Education
  6. Telecom
  7. Railway
  8. Retail
  9. Healthcare

Marquee Projects

Indian Oil Corporation Limited (IOCL):

Indian Oil Logo

Transline has been tasked with implementing comprehensive surveillance solutions for IOCL facilities, using blast-proof cameras. As the largest oil refiner in the country, IOCL requires a robust surveillance system to monitor activities across 29 locations in 10 states. In addition to setting up the surveillance infrastructure, Transline is implementing a real-time alert system to ensure swift responses to accidents or thefts. Through an end-to-end integration approach, Transline is providing IOCL with state-of-the-art technology to enhance vigilance activities, strengthening security measures and safeguarding assets with cutting-edge surveillance solutions.

Indian Railways:

Indian Railways Logo

Transline is undertaking a monumental project in collaboration with Indian Railways, specifically the Northern Frontier Railway division. This project involves deploying CCTV surveillance systems and comprehensive system architecture across 1,633 railway stations, including an additional 365 stations in the North Eastern region. To enhance monitoring capabilities, these stations are being equipped with Facial Recognition Systems (FRS). Additionally, Transline has implemented an innovative equipment health monitoring system to identify potential issues with the installed equipment. This advanced software integrates with the mainframe infrastructure, enabling swift detection and delegation of repair and maintenance tasks, thereby minimizing downtime and maintaining the operational efficiency of the railway network.

Police Departments:

Police Departments

Transline has been chosen by the police departments of Delhi and Punjab to lead the installation of state-of-the-art surveillance equipment, including Facial Recognition Systems (FRS) and advanced analytics capabilities. Cameras have been successfully deployed at over 585 strategic locations across Delhi. To ensure seamless operations and minimal downtime, Transline has implemented a low-latency optical fiber system, supported by a robust network and digital infrastructure. This proactive approach highlights Transline’s commitment to providing reliable and efficient surveillance solutions, empowering law enforcement agencies to effectively monitor and safeguard their jurisdictions.

Management of the Company

Mr. Arun Gupta: Founder and Managing Director

Mr. Arun Gupta: Founder and Managing Director Transline Technologies

Mr. Arun Gupta established the company in 2001. An entrepreneur with a keen foresight for advanced technologies such as cloud networks, Mr. Gupta embarked on this journey when India was just beginning to embrace digital innovation. Under his leadership, Transline Technologies has achieved numerous milestones, significantly contributing to the Digital India initiative. His vision and dedication have been instrumental in positioning the company at the forefront of technological advancements in the country.

Mr. Rajesh Thakur: Vice President of Group Operations Transline Technologies

Mr. Rajesh Thakur: Vice President of Group Operations

Mr. Rajesh Thakur has been with the company for over 15 years. He is at the forefront of the company’s business operations and has played an instrumental role in creating synergies with Transline’s largest customers. His extensive experience and strategic approach have been pivotal in strengthening the company’s client relationships and operational success.

Mr. Arjun Bisht: Chief Financial Officer Transline Technologies

Mr. Arjun Bisht: Chief Financial Officer

Mr. Arjun Bisht joined the company as CFO in 2023. With a career spanning over 30 years and experience working across large corporations, Mr. Bisht has an impeccable record. Since his arrival, he has streamlined the company’s operational policies, significantly enhancing its reputation and credibility in the industry. His expertise and leadership have been vital in driving Transline Technologies toward greater operational efficiency and financial stability.

Key Investors

Investors

MD Shri Arun Gupta welcoming Shri Ramesh Damaniji in Transline’s head quarters.

Key investors in Transline include Ramesh Damaniji, Sanjay Kaulji, Green Portfolio, TSG Global, Globe Capital, and many more.

Industry Overview: Digital Surveillance, Biometrics, and IoT in India

Digital Surveillance Industry:

Digital Surveillance Industry:

India is at the forefront of technological advancement, driven by the government’s agenda to digitally transform cities and upgrade infrastructure. This has opened numerous opportunities for the digital surveillance industry, with widespread deployment of CCTVs and other surveillance products across urban centers. Establishing comprehensive video surveillance infrastructure nationwide is essential to curb criminal activities and expedite judicial proceedings. As of December 2023, the digital surveillance industry in India is valued at approximately $3.2 billion, with a projected Compound Annual Growth Rate (CAGR) of 23%. It is expected to exceed $13 billion by 2030. Transline Technologies Ltd. is a leader in this sector, developing in-house Facial Recognition Systems with Intelligent Pattern Recognition capabilities to enhance public safety and security nationwide.

Biometrics Industry:

Biometrics Industry

India’s rapid population growth has highlighted the need for efficient citizen record management and service delivery mechanisms. Biometrics has emerged as a crucial technology, widely adopted across public and private sectors. It plays a significant role in applications like employee attendance tracking and government pension disbursements. The integration of biometrics with Aadhar verification by UIDAI has significantly boosted its adoption. In 2023, the biometrics industry in India was valued at $2.6 billion, with a CAGR of 12.8%. It is projected to surpass $5.9 billion by 2030. Transline Technologies is at the forefront of biometrics innovation, developing disruptive technologies to enhance operational efficiency and security.

Internet of Things (IoT) Industry:

Internet of Things (IoT) Industry

India is a significant contributor to the global IoT research and development landscape, supported by citizens, government, and corporations. The government’s “100 Smart Cities Mission” underscores its commitment to leveraging IoT for improved urban planning and resource management. The IoT market in India is projected to surpass $7.5 billion in 2024, growing at a CAGR of over 18%, and is expected to reach approximately $21 billion by 2030. The adoption of computer technologies by SMEs in the late 90s and early 2000s, followed by Internet Applications, Cloud Computing, and Storage post-2010, has propelled digital transformation forward. IoT represents the next major evolution, offering transformative solutions for critical operations in the SME segment. Transline is a pioneer in IoT solutions, focusing extensively on Research and Development to create comprehensive product suites tailored to organizations of all sizes, driving innovation and empowering businesses in the digital age.

Financial Highlights

₹ in crores

ParticularsFY 2024FY 2023FY 2022
Revenue22511440
Profit After Tax37101
financial highlights of Transline Technologies

Revenue Projection

revenue projection

Profit Projection

profit projection

Recent Funding Round

274,860 equity shares were allotted at Rs. 270 each (including a Rs. 260 premium) on a private placement basis, raising Rs. 7.42 crore from subscribers.

Valuation

₹ in crores

Particulars2023-24
Total Income228
PAT37
Net Profit Margin16%
EPS24.0 
Total Equity84.56
BVPS54.9 
Shares Outstanding15410376
Market Cap616
Current Market Price (July,2024)400
P/E16.6 
P/S2.7 
P/B7.3 

Peer Comparison

peer comparison

Orderbook and Opportunities

Transline Technologies has secured orders worth INR 522 crores for FY24 from various private and public sector agencies. They have identified contracts worth INR 1750 crores for FY25.

In FY24, Transline focused on Research and Development, creating technology to reduce video file storage without losing quality. Their pattern recognition software, which detects threats in real-time, has been well-received. The CheckCam+ solution has been especially successful in reducing surveillance downtime.

Transline is also developing digital surveillance software, including video management and analytics, already used by a major international sportswear brand. They plan to expand into the IoT industry, continuing to lead in India’s digital transformation and innovation.

Recent News and Developments

Transline Technologies Secures Surveillance System Contract from IOCL

(Jan 2024) Transline Technologies has secured a contract from IOCL to design, supply, install, test, and commission a comprehensive surveillance system. The system will include explosion-proof cameras with advanced analytics, servers, high-definition LEDs, redundant servers, client workstations, storage devices, networking components, display monitors, poles, LED floodlights, VMS, and analytic software. The company announced that they will be responsible for the entire setup, ensuring top-notch security and monitoring capabilities for IOCL facilities.

Transline Technologies Launches SmartCAMSTORE+ for Surveillance Data Management

(Feb 2024) Transline Technologies has launched SmartCAMSTORE+, a cloud-based storage solution for optimizing surveillance data management. This product offers up to 90% compression rates, easy URL-based footage retrieval, and seamless integration with existing IP CCTV systems. It caters to various industries, including schools, malls, hospitals, and corporate offices. Arun Gupta, Managing Director, highlighted that SmartCAMSTORE+ addresses the challenge of bulky surveillance data and reduces the need for additional storage devices, cutting costs for consumers.

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