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.
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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.