Optiemus Infracom Limited, a leading Indian electronics manufacturer, has announced a strategic partnership with Nothing Electronics Private Limited, marking a significant milestone in India's technology manufacturing landscape. The collaboration, which involves a planned investment of over $100 million, is set to bolster India's position as a global hub for electronics manufacturing and create more than 1,800 jobs in the country.

Strategic Joint Venture

The partnership, formalized through a binding term sheet, outlines plans for a strategic joint venture aimed at manufacturing electronic products for Nothing and its sub-brand CMF. This move aligns with the Indian government's 'Make in India' initiative, reinforcing the country's growing importance in the global technology supply chain.

CMF: India's First Global Smartphone Brand

In a significant development, CMF, previously a sub-brand of Nothing, will now operate as an independent subsidiary with India as its base for operations, R&D, and manufacturing. This transition positions CMF to become India's first truly global smartphone and smart hardware company, with ambitions to build a brand from India for the world.

Investment and Job Creation

The joint venture between Nothing and Optiemus Infracom is expected to:

• Invest over $100 million in India over the next three years
• Create more than 1,800 jobs, boosting employment in the technology sector
• Establish India as a global production and export hub for Nothing and CMF products

Leadership Perspectives

Carl Pei, CEO of Nothing, expressed confidence in India's role in shaping the future of the global smartphone industry. He stated, "With our end-to-end capabilities, we are uniquely positioned to now build it into India's first truly global smartphone brand."

Ashok Gupta, Executive Chairman of Optiemus, highlighted the partnership's significance, saying, "This partnership goes beyond high-tech manufacturing - it will empower us to create export-ready products that will be designed in India, showcasing the innovation and talent of our people to the world in the coming years."

Broader Implications

This collaboration is part of a larger strategy that includes:

• Relocating CMF's global marketing operations to India
• Appointing senior leaders such as Himanshu Tandon as VP of CMF Business
• Nothing's recent $200 million Series C funding round, valuing the company at $1.30 billion

The partnership between Optiemus Infracom and Nothing Electronics represents a significant step towards establishing India as a key player in the global technology manufacturing arena, while also contributing to the country's economic growth and job creation efforts.

Optiemus Infracom Limited, a key player in the telecommunications and electronics manufacturing sector, has announced a strategic investment of ₹7.70 crore in its wholly-owned subsidiary, Optiemus Electronics Limited (OEL). This move aims to strengthen OEL's manufacturing capabilities and support its expansion plans in the rapidly growing mobile and electronics industry.

Investment Details

The Operations and Administration Committee of Optiemus Infracom's Board of Directors approved the acquisition of 2,46,794 equity shares of OEL at ₹312.00 per share through a rights issue. This investment will increase Optiemus Infracom's stake in OEL from 1,90,74,980 shares to 1,93,21,774 shares, maintaining its status as a wholly-owned subsidiary.

Strategic Objectives

The investment is strategically aligned with several key objectives:

1. Supporting OEL's working capital requirements
2. Enhancing business operations through capital expenditure
3. Maintaining ownership and control in the wholly-owned subsidiary
4. Strengthening the balance sheet and improving financial flexibility
5. Diversifying risk and creating value for stakeholders

About Optiemus Electronics Limited

OEL, incorporated on January 29, 2016, is a prominent manufacturer in the electronics industry. The company specializes in producing:

• Mobile phones
• Hearables and wearables
• IT hardware
• Telecom products

With two manufacturing facilities located in Noida, Uttar Pradesh (Sector 63 and Sector 65), OEL provides end-to-end solutions for both global and Indian brands. The company has established itself as a trusted partner for many local and global brands, known for its commitment to quality, timely delivery, flexibility, and customer satisfaction.

Financial Highlights

For the fiscal year ending March 31, 2025, OEL reported impressive financial results:

Transaction Details

The investment is structured as a related party transaction, conducted at arm's length basis, with the share price determined by an independent valuer. The acquisition is expected to be completed within 90 days and does not require any regulatory approvals.

Industry Outlook

This investment comes at a time when the electronics manufacturing sector in India is experiencing significant growth. With the government's push for 'Make in India' and the increasing demand for electronic devices, companies like Optiemus Infracom and OEL are well-positioned to capitalize on these opportunities.

The strategic investment in OEL underscores Optiemus Infracom's commitment to strengthening its manufacturing capabilities and expanding its presence in the electronics industry. As the sector continues to evolve, this move is likely to enhance the company's competitiveness and contribute to its long-term growth prospects.