Exicom Tele-Systems Invests €15.16 Million in Netherlands Subsidiary for Global Expansion

Exicom Tele-Systems Limited , a player in the Electric Vehicle Supply Equipment and Telecom sectors, has completed its fourth tranche investment in its wholly-owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. The company has injected an additional €15.16 million (approximately ₹15.47 crore) into the subsidiary, maintaining its 100% shareholding.

Investment Details

Aspect	Details
Investment Amount	€15.16 million (₹15.47 crore)
Shares Subscribed	15,155,000 ordinary shares
Share Nominal Value	€1 each
Subsidiary Name	Exicom Power Solutions B.V.
Subsidiary Location	Netherlands
Exicom's Shareholding	100% (maintained)

Subsidiary Overview

Exicom Power Solutions B.V., incorporated on January 8, 2024, operates in the Electric Vehicle Supply Equipment and Telecom sectors. The subsidiary focuses on manufacturing Electric Vehicle Chargers, aligning with the growing demand for EV infrastructure globally.

Financial Performance

For the fiscal year ending March 31, 2025, the subsidiary reported:

Metric	Amount
Turnover	₹0.25 crore
Loss	₹16.20 crore

Strategic Objectives

The investment aims to:

Meet the fund requirements of the business
Capitalize on growing business opportunities
Support global expansion plans

This move underscores Exicom Tele-Systems' commitment to strengthening its position in the electric vehicle charging infrastructure market and expanding its international footprint.

The transaction, conducted at arm's length, complies with the necessary regulatory requirements, including FEMA and other applicable compliances.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.86%	-5.11%	-8.61%	-8.35%	-61.23%	-38.59%

Exicom Tele-Systems , a prominent player in the telecom industry, has recently come under scrutiny from the Directorate of Revenue Intelligence (DRI). The company disclosed that DRI officials conducted search operations at its offices in Gurugram, raising questions about its import practices.

Key Developments

Search Operations: The DRI carried out searches at Exicom's corporate office and plant in Gurugram on October 29, 2025.
Focus of Inquiry: The investigation centers on the classification of goods imported by the company.
Company's Response: Exicom has assured full cooperation with the authorities and maintains that its business operations remain unaffected.

Details of the Search

Aspect	Information
Date of Search	October 29, 2025
Locations Searched	1. Corporate Office: Plot no.38, Sector-32, Institutional Area, Gurugram
	2. Plant: Plot 2A, Sector-18, Gurugram
Investigating Agency	Directorate of Revenue Intelligence (DRI), Delhi Zonal Unit
Nature of Inquiry	Classification of imported goods

Company's Stance

Exicom Tele-Systems has taken a proactive approach in addressing the situation:

Full Cooperation: The company has provided all requested information and clarifications to DRI officials.
Legal Compliance: Exicom has obtained an independent legal opinion confirming that its classification of imported goods complies with applicable laws and regulations.
Business Continuity: The company asserts that these proceedings have not impacted its business operations, financial performance, or day-to-day functioning.
Commitment to Transparency: Exicom has reaffirmed its dedication to maintaining high standards of compliance, transparency, and corporate governance.

While the DRI's investigation is ongoing, Exicom Tele-Systems maintains its position of compliance with regulatory requirements. The company's prompt disclosure and cooperative stance demonstrate its commitment to addressing the situation transparently.

As this is a developing story, stakeholders and industry observers will likely keep a close watch on further developments and any potential implications for Exicom Tele-Systems and the broader telecom sector.