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* - Tentative Dates
The company intends to utilize the proceeds from the Issue towards the funding of the following objects:
Affordable Robotic & Automation Ltd's revenue increased by 40.34% and profit after tax (PAT) dropped by -8.78% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 158.20 | 166.01 | 115.58 | 111.64 |
| Revenue | 42.89 | 114.00 | 81.23 | 56.28 |
| Profit After Tax | -6.79 | 2.16 | 2.37 | -3.53 |
| Net Worth | 52.67 | 59.46 | 53.26 | 45.88 |
| Reserves and Surplus | 49.28 | 43.08 | 35.70 | |
| Total Borrowing | 42.78 | 38.28 | 30.27 | 25.83 |
| Amount in ₹ Crore | ||||
Affordable Robotic & Automation Limited was founded in 2010 and provides turnkey automation solutions for the automotive, semi-automotive and manufacturing industries. The company programs and automates the functions of machines used in the manufacturing process of the automotive industry. The assembly unit is equipped with the necessary software, technology, machinery, a spare parts warehouse and other basic amenities for employees, making it an integrated facility. The company is also active in the field of assembly and installation of automatic parking systems for multi-storey vehicles. This system is preferred by residential complexes, shopping malls, commercial buildings and the public sector, especially in various smart city projects in the country.
The trained and professional experts are engaged in engineering and design, control and automation, process study, robot application, robot simulation, offline programming, ergonomics study, layout presentation, assembly, material handling design, large-scale storage system design, project management, quality and certification, finance and procurement, human resources and administration, spare parts and service support, and training, among others.
