Founded by former table tennis champion and an IIT-Madras graduate Srinivasagopalan Rangarajan, Data Patterns makes electronics for the defence and aerospace sector. It has a consistent track record of profitable growth, which is supported by a scalable business model. Its ₹580 crore order book is nearly 2.5 times its FY21 revenues. Data Patterns is all set to launch a ₹588 crore IPO and list on the exchanges soon.
Good to know
India is one of the top five defence spenders in the world currently. Also, India’s defence electronics market is expected to grow from $1.8 billion in 2021 to $6.9 billion in 2030. This could also be beneficial for the company.