Latest news with #Industry4.0
AsiaOne
8 hours ago
- Business
- AsiaOne
Eye care giant Alcon keeps 'lens' on the future with expanded manufacturing and logistics facility in Tuas, Singapore News
Eye care-device giant Alcon officially opened its expanded state-of-the art manufacturing and logistics facility in Tuas Biomedical Park on Friday (June 27) morning. This brings Alcon's investments in Singapore to more than US$600 million (S$765 million) since it began operations in Singapore back in 2005. The completed Tuas facility is one of the Swiss-American firm's largest high-tech manufacturing sites with Industry 4.0 capabilities, advanced automation and smart manufacturing systems to meet the increasing global demand for its contact lenses. Amid a growing middle class and rising demand for quality healthcare, the Asia-Pacific region continues to be the fastest-growing market for medical technology, with its market value projected to reach nearly S$300 billion by 2030. This puts the region second only to the US as a source of demand for medical technology (Medtech). "Singapore is home to some of the world's best-in-class Medtech manufacturing palnts. The sector has been growing steadily, with a manufacturing output of S$19.4 billion in 2023. This marks a $5.2 billion increase over the past decade," said Senior Minister of State for Trade and Industry Low Yen Ling at the opening ceremony of Alcon's expanded facility. Beyond strengthening innovation and supply chain resilience within Singapore's MedTech ecosystem, Alcon's investment is also expected to benefit Singaporean workers and small- and medium-sized enterprises (SMEs) in Singapore. Muhammad Haiqal Bin Sapuan, an associate supervisor at Alcon made the switch from the oil and gas industry, through the Career Conversion Programme (CCP), in 2022 to have more time with his family. A year and a half into his role as a senior technician, he was nominated by his peers to step up as an associate supervisor. [[nid:707984]] "That recognition gave me confidence. I started off as an interim, and it was tough at first, but the team's support made the difference," said Haiqal. To date, nearly 180 Singaporean workers have benefitted from the CCP to become Alcon associates. Alcon's new facility is expected to create new job opportunities in production operations, quality control and supply chain management. It is also expected to strengthen innovation and supply chain resilience within Singapore's Medtech ecosystem through initiatives such as the Partnership for Capability Transformation, which partners local SMEs to buiild capabilities from precision moulding to packaging, helping them to scale and compete globally. [[nid:715407]] editor@
Daily Express
9 hours ago
- Business
- Daily Express
ILTP shows promising performance
Published on: Saturday, June 28, 2025 Published on: Sat, Jun 28, 2025 By: Crystal E Hermenegildus Text Size: Arifin presenting a certificate to one of the Best Trainee Award recipients during the ILTP convocation ceremony. Kota Kinabalu: The employment and academic progression rates of Institut Latihan Teknik dan Perdagangan (ILTP) graduates are on an upward trend, reflecting the growing impact of technical and trade training in Sabah. Sabah Science, Technology and Innovation Minister Datuk Mohd Arifin Mohd Arif said recent data shows significant improvements in graduate outcomes from ILTP – a training institution under the Human Resource Development Department (JPSM). 'In 2023, 42 per cent of ILTP graduates secured employment while 21 per cent continued their studies. 'By 2024, those numbers rose to 54 per cent employed and 24 per cent pursuing higher education,' he said during the 35th ILTP JPSM Convocation Ceremony at the Sabah International Convention Centre (SICC). 'These numbers show that ILTP graduates are gaining traction in various sectors across Sabah and are becoming increasingly competitive. Their success should inspire current and future trainees to aim higher,' he added. A total of 310 graduates completed their training this year, with 18 outstanding individuals – nine each from technical and trade programs – receiving the Excellent Trainee Award in recognition of their excellence and determination. 'Your achievements reflect your perseverance and fighting spirit. Today, you prove that determination leads to success,' said Arifin in congratulating the awardees. He emphasised that ILTP's growing track record is a result of both the trainees' commitment and the dedication of the instructors behind them. 'Our instructors have been instrumental in shaping the character and skillsets of these young talents. Their role is more vital than ever, especially as we face increasing demand for skilled workers in the age of globalisation and Industry 4.0,' he said. Arifin also assured that ILTP graduates who continue to higher education would be supported through multiple financial aid avenues, including Yayasan Sabah, the State Government Scholarship, the Sabah State Education Fund, and potential sponsorships from Asnab. 'This year, the State has allocated RM125 million in scholarships, benefiting more than 3,000 students – triple the number from previous years,' he added. Acknowledging that TVET (Technical and Vocational Education and Training) still faces public perception challenges, Arifin stressed the need to change the narrative. 'Many still view TVET as a second-choice path. That needs to change. Skilled trades offer stable, in-demand careers – often with better job prospects than some oversaturated professional fields,' he said. To boost interest and awareness, the state is actively promoting Stem and TVET education through initiatives like the State-level TVET Stem Carnival, the Sabah State TVET Council, and collaborations with religious institutions such as the State Tahfiz Institute and Tahfiz Limum Bakut through the 'TVET Tahfiz' programme. 'ILTP's consistent results are a testament to the value of vocational education in Sabah's development journey,' Arifin concluded. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Business Times
a day ago
- Business
- Business Times
Why Singapore's fresh grads are struggling to get hired
[SINGAPORE] It is the year 2017, and the tech sector is booming. With Industry 4.0 in full swing and FAANG stocks on the rise, pursuing data science and analytics seemed a safe bet for career security. That was the logic for Koh Long Yang, a self-described math lover who was deciding what to study before entering national service. His reasoning was simple: every company needs data, and someone to make sense of it. Fast forward to 2024 with graduation in sight, and the reality of his job prospects began to sink in. He tells The Business Times he started sending out resumes in February 2024 – about five months before graduating from the National University of Singapore – and stopped counting when he hit 95. In total, he estimates having sent out about 150 applications. Koh Long Yang (right) graduated from the National University of Singapore in July 2024. PHOTO: KOH LONG YANG 'At that point, you're living in times of uncertainty because every morning you wake up, you just check your e-mail – is there anything? Nothing. Then you go back to LinkedIn, JobsDB, every job website that you can find; you just go and try,' he says. Still jobless months after graduation and increasingly desperate, he leapt at the opportunity to intern at a startup through a contact he met through reservist duty. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Koh's frustrating experience with landing a full-time job seems increasingly common among recent graduates who shared their stories with BT. Also from the class of 2024, communications graduate Timotheus Yeo from Nanyang Technological University has a similar tale. Despite a portfolio that included internships and freelance work, he found himself pivoting from film production to marketing in search of better job prospects. He sent out over a hundred applications, enrolled in online courses to upskill, and still heard little back. 'I did not expect the market to be so bad,' he tells BT. 'I came in thinking: 'Oh, if I just apply to a few jobs, I definitely will get replies, I definitely will get interviews.'' Timotheus Yeo graduated from Nanyang Technological University in July 2024. PHOTO: TIMOTHEUS YEO He adds that others' experiences shared on online forums and TikTok show he is not alone. 'I see people actually apply way more than me, like 300, and people in the comments are saying: 'Oh, I applied to like 50 jobs a day, and I still get no reply.' That is actually so insane,' Yeo says. It was disheartening, he says, despite his career coach's reassurance that even a 10 per cent interview rate was 'very good'. It was a chance meeting with a college senior that gave him an opening into travel platform Klook, where he has just started work in social media marketing. With such stories becoming prevalent, there's little doubt that it is a tough time to be a fresh graduate. From shifting employer preferences and artificial intelligence (AI) disruption to a possible mismatch between university training and industry needs, the ground beneath graduate employment is shifting. But even as young jobseekers brace for a longer, bumpier road ahead, there are wider implications for Singapore that will need to be addressed. Cyclical or new trend Data from this year's joint graduate employment survey for the 2024 cohort corresponds with what young jobseekers are saying. The proportion that remained unemployed six months after graduation grew to 12.9 per cent, up from 10.4 per cent in 2023. This marks the third straight year of increase. In particular, only 79.5 per cent of the 2024 cohort found full-time permanent jobs – a 4.6-percentage-point drop from 2023 levels and the lowest rate in seven years. The numbers are even more stark for graduates from private universities: The unemployment rate jumped 8.4 percentage points year on year to 25.2 per cent, and fewer than half of the cohort found full-time permanent jobs. In March, then minister of state for education Gan Siow Huang told Parliament that employment rates of fresh graduates from Singapore's autonomous universities have remained 'broadly stable over the decade, with some year-to-year fluctuations due to cyclical changes'. She noted that there was lower hiring demand and fewer vacancies last year, even if the labour market remained tight after the post-Covid recovery. Labour market watchers are mixed over whether the falling numbers indicate the start of a worrying trend of higher unemployment among graduates. Some observers say the numbers are not too far off pre-Covid levels and could be part of a 'cyclical fluctuation', even as they point out underlying reasons for the recent spike. 'Graduate unemployment had declined for many disciplines over 2020 to 2022, owing to a spike in hiring for certain sectors like tech and also possibly due to favourable government policies like the Jobs Support Scheme and SGUnited Jobs and Skills,' says Maybank economist Brian Lee. 'When looked at from a five-year horizon, it is not yet clear that we are in a graduate unemployment uptrend.' Walter Theseira, an economist from the Singapore University of Social Sciences, says recent numbers reflect a trend towards 'non-traditional employment' – namely, gig work, contract roles and short-term work replacing the traditional 9-to-5. This trend started with polytechnic and Institute of Technical Education graduates, and is now increasingly common among university graduates. He based this observation on overall employment rates remaining more stable, even as full-time permanent employment rates have been trending down. 'This is likely partly driven by employers preferring more flexibility in contracting employment, the shift towards technology and business process-driven outsourcing, as well as preferences from graduates themselves for more flexible forms of work,' says Assoc Prof Theseira. Tech moves rapidly despite the slow economy While the uncertain economy could be a factor, the apparent slowing demand for fresh graduate talent may not be as straightforward as it seems. 'A tougher business environment could have led employers to become more selective with hiring, with a preference for more experienced hires over fresh graduates,' says Maybank's Lee. 'Some companies could be increasingly relying on non-permanent staff, such as contract hires.' Yet, some graduates may be holding out for roles that match their salary expectations or for permanent employment, which can make their job search longer in a competitive market, says David Blasco, country director at recruiter Randstad Singapore. Eugene Tan, associate economist at Moody's Analytics, notes there are other structural reasons as well. While job vacancies for professionals, managers, executives and technicians have fallen, the latest figure, he notes, sits at about 40 per cent above 2019 levels. 'This indicates that the challenge facing graduates may stem more from a mismatch of skills than an oversupply of university graduates,' he says. The skills mismatch is further widened by rapid technological advancements, says Blasco, making the job-seeking market seem much more competitive than before. 'Many employers now have higher hiring expectations, and candidates are expected to hit the ground running without needing extensive training and onboarding,' he says. To be sure, the woes faced by fresh graduates are not unique to Singapore but a global phenomenon. A May report by California-based venture capital firm SignalFire notes that new graduates account for just 7 per cent of hires at Big Tech companies. New hires in 2024 fell 25 per cent compared with 2023 and over 50 per cent from 2019 levels. Lewis Garrad, Asia career leader at HR consulting firm Mercer, draws a parallel with the US, where unemployment among recent graduates has also risen. 'What we can see in the US is that graduates in areas such as technology, finance, and professional services are having the most difficulty finding employment. These are areas that hired aggressively during the post-Covid period and are likely to be adjusting to a new economic trajectory,' he says. At the same time, these industries are also where AI is being adopted most quickly, he points out, with senior management 'encouraging the use of AI by reducing other available resources'. The paradox of tech demand As more companies digitalise and adopt AI, the demand for tech talent remains unsatiated, despite high-profile layoffs. Yet, this does not necessarily translate into more jobs for tech graduates, as Koh found out the hard way. Blasco says the paradox exists because technological developments have outpaced the supply of graduates with 'the right mix of practical, industry-ready skills'. 'Employers report difficulty finding candidates with relevant hands-on experience, even as talent and roles in AI and data science soar in demand,' he says. In May, top LinkedIn executive Aneesh Raman warned in The New York Times that 'the bottom rung of the career ladder' will be the first to be broken by AI-led disruptions, as advanced tools take over simple tasks once assigned to new hires. In Singapore, AI may not have had a 'pronounced impact on employment as yet', as companies are still adapting to AI, says Terence Ho, deputy executive director at the Institute for Adult Learning (IAL) Singapore. Citing Mercer's research, Garrad says only 29 per cent of Singapore organisations are regularly using generative AI, and only 5 per cent say AI has 'led to a fundamental shift in their business model'. Even so, watchers agree it may be a matter of time. Assoc Prof Ho from IAL says 'it is recognised that AI can replace a large number of entry-level job tasks', including market research, coding and compilation of reports. More generally, if and when AI displaces entry-level jobs, the question remains: how can new hires learn the ropes to progress to more senior positions? 'This is the question that all organisations with professional and knowledge workforces are trying to answer,' says Garrad. 'Some will simply keep a smaller entry-level layer with a specific focus on growing talent with less attrition', (while others) will look to invent entirely new types of jobs that utilise AI to maintain this talent pool,' he says. 'However, these new types of jobs remain unknown.' But perhaps the bigger question is whether the use of AI affects the way people learn in the first place. Assoc Prof Theseira notes that it is common today for students to use AI to answer assignments – something that is impossible to ban. 'It is unclear from our viewpoint as educators that students learn the same way when they get help from AI, as when they used traditional self-directed study and writing,' he says. 'Will a year of experience on the job with AI tools lead to more skill development or less skill development than a 'traditional' year? We don't know the answer,' he adds. In theory, it could go either way, he says, with AI either increasing productivity and skills exposure, or becoming a crutch preventing workers from developing higher skills. Learning the ropes without 'starter jobs' Fresh graduates lament the conundrum they face – that employers expect work experience even in entry-level positions. Low Peck Hoon, a senior career coach at tech education firm General Assembly, says the company has observed an increasing number of fresh graduates globally attending its bootcamps and workshops to learn digital skills such as coding and data analytics. She adds that upskilling is no longer for mid-career workers, and that it is just as important for fresh graduates to participate in project-based learning and build a professional portfolio. 'Great ways to start would be to seek out short or free workshops and courses by established providers, attend networking events to build relationships with a variety of industry peers, and document your achievements to build a strong portfolio,' she says. For Koh, the data science graduate, his post-graduate internship at car rental startup GetGo turned out to be 'one of the most fulfilling and best internship experiences' he has ever had, where he got to fully immerse himself in coding, 'get (his) hands dirty' and learn directly from like-minded seniors. Koh Long Yang (centre, in white) with his colleagues from car rental startup GetGo. PHOTO: KOH LONG YANG The pay was low at just S$1,000, but he 'consoled' himself at the thought that he learnt a lot through the experience. In fact, he wants to tell other graduate jobseekers who are struggling to keep an open mind, and that 'it is not paiseh (embarrassing) to take an internship'. 'It's a temporary role, and it may not be the usual path that people take, but you just need to treat it as a stepping stone because it may actually help you. You may meet people who can refer you, and also become equipped with more technical skills,' he said. And that is exactly how it has turned out for him. About six months in, one of his colleagues referred him to Deloitte, where he has been working as an analyst since May. Government intervention? Observers point out that if graduate unemployment levels continue to rise, there could be wider implications. 'A high youth unemployment (rate) is concerning as it will undermine consumption spending and limit opportunities for youth, posing short and long-term risks to Singapore's economy,' says Tan from Moody's Analytics. Ives Tay, an independent consultant on SkillsFuture accreditation and compliance, notes that it also could delay marriage and home ownership, while a misalignment between education and job outcomes is a waste of talent and resources. For employers, AI might reduce the short term-need for junior hires, but 'skipping them entirely risks breaking the long-term talent pipeline,' according to the SignalFire report. 'The industry's future depends on equipping the next generation with skills that grow alongside the evolving technology landscape.' Asked if the government should consider bringing back Covid-era incentives to encourage employers to hire fresh graduates, most watchers are ambivalent. Tan says such incentives would be helpful but expensive and unsustainable, while Assoc Prof Ho says it is necessary to also consider the impact they would have on the hiring of other groups of workers, including mid-career ones. Tay says they may ultimately be 'treating symptoms, not causes' and could risk 'institutionalising dependency'. 'Incentives alone won't fix the underlying mismatch between graduate output and workforce readiness,' he adds. More broadly, watchers agree that what policymakers can do is to ensure educational outcomes remain aligned with industry needs. One issue though, is just the nature of the education training cycle, where decisions are made today for jobs four years later, says Assoc Prof Theseira. He adds that training to very specific skills is 'probably also not a good idea for the students' lifelong employability', given how skill requirements can change rapidly. 'So a mix has to be found between job and skill-specific training, and general training that allows students to adapt in the future.'
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Business Standard
a day ago
- Business
- Business Standard
Training, secure supply chains key to success of circular startups: Report
Good training and mentoring, helpful government policies and keeping supply chain data secure are among key factors that help "circular startups" succeed, according to a report by Indian Institute of Management (IIM), Lucknow. Circular startups are businesses that are designed from the start to reduce waste, reuse materials, and make efficient use of natural resources, rather than the traditional "take-make-dispose" model. The research published in the Business Strategy and Environment journal offers insights into the key factors that help such startups succeed. According to Suresh Jakhar, Professor, Operations and Supply Chain Management, with rising global temperature and fast-depleting natural resources, this study offers insights into circular models that have become critically important. Projections show that global usage of natural resources is expected to double by 2050, posing serious environmental and economic risks. "The Circular Economy (CE) and Industry 4.0 (I4.0) have emerged as highly pertinent topics for both academic research and industrial practice in recent years. Given that many CE start-ups leverage I4.0 technologies, understanding their success factors is crucial," he told PTI. "The findings of this research offer a roadmap for entrepreneurs, managers, and policymakers, facilitating the development of successful I4.0-powered CE start-ups, added Jakhar. Krishna Chandra Balodi, Professor, Strategic Management, IIM Lucknow, explained that the circular economy emerges as a viable solution through its focus on reuse, recovery of resources and reduction in waste. "However, only 7.2 per cent of the global economy follows this model which indicates that it is imperative for companies to adopt sustainability at the very beginning of their processes," said Balodi. With a particular focus on these kinds of startups, the IIM Lucknow research team studied Industry 4.0 startups which integrated cutting-edge technologies like smart sensors automation, real-time data processing and interconnection into their operations for enhanced circularity. To identify the factors that influence success of circular startups, the research team combined literature review, expert insights, and structured decision-making methods. The team identified 23 critical success factors and organised them into a practical framework that can help entrepreneurs, business leaders, and policymakers support the growth of these ventures. Some of the most important factors that founders can focus on to help their startups grow and be profitable include -- having a clear circular business model, building the right technical skills, keeping supply chain data secure and transparent, working with other businesses. "This study reveals the Critical Success Factors (CSFs) for Circular Economy (CE) startups powered by Industry 4.0 (I4.0) technologies, offering a clear roadmap for success. "After identifying 23 key factors, we ranked them by priority and found the top five to be-- Innovative Circular Business Models, I4.0-Related Technological Competency, Information Security, Privacy and Transparency, Inter-Supply Chain and Inter-Sector Eco-Friendly Partnerships, and Collaboration Across Various Functions," said research scholar Sagnika Dutta. In addition, the study also pointed to several external drivers that influence a startup's chances of long-term success. These include -- access to funding, good training and mentoring facilities, helpful government policies and demand for circular products. "By strengthening these external conditions, governments and industry leaders can create a more supportive environment for circular innovation in India," Dutta said. To help stakeholders prioritise their actions, the researchers ranked the success factors in order of importance and examined how different factors influence one another. "For instance, access to finance and physical infrastructure emerged as foundational drivers that enable progress in many other areas, such as skill development, collaboration and innovation," Dutta said.
Mint
a day ago
- Automotive
- Mint
These 5 automation stocks have delivered less-than-stellar returns, but still deserve to be on your watchlist
In 2020, in a factory on Tokyo's outskirts, a robotic arm was putting the final touches on a car's frame while a team of engineers watched from afar. The factory ran entirely on algorithms, robotics, and artificial intelligence, machines doing the heavy lifting, making decisions, and even optimising production—all without a single human instruction. That day marked the beginning of a new era, in which automation would not only supplement human effort but replace it altogether. From AI-driven recommendations on Netflix to self-driving cars, and from manufacturing and logistics to software and services, automation is transforming business operations, helping to increase productivity and reduce costs with enhanced precision. As India strives to become a global manufacturing and technology hub, driven by the Union government's initiatives such as 'Make in India' and 'Digital India' and the adoption of Industry 4.0 practices, demand for automation has surged. At the heart of this transformation are a few technology companies that are advancing into new territories. Some such companies listed on India's stock exchanges not only cater to domestic demands but are also emerging as significant players in the global automation supply chain. In this article, we focus on some of the best automation companies in India that deserve a spot on your investment watchlist. ABB India Ltd ABB India is an integrated power equipment manufacturer that supplies a range of engineering products, solutions, and services in automation and power technology. It also gains advantages from its parent company, ABB Ltd, including access to its research and development Switzerland-based ABB Ltd is aglobal leader in electrification and automationwith operations in more than 100 countries. ABB India operates in four business segments—electrification, which contributed 43% of its overall revenue; motion (34% of revenue); process automation (18%); and robotics (5%). Geographically, ABB India derives 90% of its revenue from the domestic market and the rest from exports to more than 30 countries. In India, the company has a network of 28 sales offices and more than 750 partners. It operates 25 manufacturing plants across five locations in March, ABB India partnered with AI startupUptimeAIto enhance its asset health and performance management in heavy industries. For the fourth quarter of 2024-25, ABB India reported a 2.5% year-on-year revenue growth and a 3% rise in ebitda. Ebitda margin improved slightly to 18.4%. Looking ahead, the company's management has acknowledged difficult macroeconomic conditions, especially in orders related to large projects and process automation, due to global and domestic uncertainty. Over a 1-year period, shares of ABB India have fallen by about 32% due to muted operational and financial performance. Siemens Ltd Siemens offers integrated manufacturing solutions, intelligent infrastructure products, and efficient generation, transmission and distribution of electrical energy for passenger and freight transportation. Germany's Siemens AG indirectly holds a 75% stake in the company. Siemens Ltd is engaged in multiple business segments, deriving 40% of its revenue from smart infrastructure, 17% from digital industries, 13% from mobility solutions, 24% from energy, and 6% from low-voltage motors. Geographically, the company derives 84% of its revenue from India and 16% from exports. In the March quarter, Siemens delivered only a 2.6% year-on-year revenue growth due to muted demand. Ebitda fell 26.6% y-o-y and margin deteriorated to 11%. Looking ahead, the management sees early signs of recovery, with channel inventories normalising and some channel partners resuming orders. Shares of Siemens have fallen 57% in the past year because of its muted financial performance. Persistent Systems Ltd Persistent Systems provides software engineering and strategy services to help companies implement and modernise their businesses. It has its own software and frameworks with pre-built integration and acceleration. The company also has partnerships with Salesforce Inc. and Amazon Web Services. Persistent Systems provides complete digital engineering solutions for product and platform engineering, customer experience and design-led transformations, cloud-enabled enterprise modernisation, data and AI, and intelligent automation. The company derives 47% of its revenue from software, hi-tech engineering, and emerging industries segments, 31% from the banking, financial services and insurance sector, and 22% from healthcare and life sciences companies. Persistent Systemsis present in more than 20 countries, including the US, Australia, Canada, Germany, and Japan. North America is the company's biggest market, accounting for 80% of its revenue, while India contributes 10% and Europe, 9%. The company has more than 375 clients, including six of the world's top 10 technology companies, five of the 10 largest banks, and seven of the top 10 healthcare providers. Persistent Systems reported a robust 21.6% revenue growth for FY25, and ebitda growth of 22.8%. Ebitda margin improved from 17.1% in FY24 to 17.2% in FY25. Looking ahead, the company's management is confident of achieving its revenue target of $2 billion by FY27, with a focus on AI-led services. The company is also eyeing $5 billion in revenue by FY31. Persistent Systems's shares have returned 57% over the past year on the back of strong operational performance and growth. Tata Elxsi Ltd Tata Elxsi is among the world's leading providers of design and technology services across the automotive, media, communications, and healthcare industries. The company provides integrated services ranging from research and strategy to electronics and mechanical design, software development, validation, and deployment, and is supported by a network of design studios, global development centres, and offices worldwide. Tata Elxsi provides innovative services for autonomous driving, connected vehicle systems, OTT or video-streaming platforms, and advanced digital products. The company is also known for its strong presence in the automotive and broadcasting sectors. Geographically, the company derives 42% of its revenue from Europe, 34% from the Americas, 18% from India, and 6% from the rest of the world. Segment-wise, Tata Elxsi derives 53% of its revenue from the transportation sector, 33% from media and communications, 13% from healthcare and medical devices, and 1% from others. The company specialises in providing hardware and software solutions for the design and verification of semiconductor products. These services are crucial in developing integrated circuits, system-on-chip (SoC) designs, and other semiconductor components. Since the company was established in 1991, it has grown phenomenally, with a customer base of 11.8 million as of March 2024. Tata Elxsi reported a 9.6% revenue growth for FY25. Ebitda grew 25.3% and ebitda margin improved from 17.6% in FY24 to 20.1% in FY25. The company's plans involve focusing on software-defined vehicle technologies, expanding into new markets like the UK, and leveraging AI and digital technologies across industries, including transportation, media, and healthcare. But shares of Tata Elxsi have fell 12% over the past year on muted financial performance. Honeywell Automation India Ltd Honeywell Automation India was started in 1987 as a joint venture between the Tata Group and Honeywell. It was known as Tata Honeywell Ltd. In 2004, Honeywell Asia Pacific Inc. bought Tata's stake and changed the company's name. Honeywell Automation is engaged primarily in the business of automation and control systems, and is a leader in providing integrated automation and software solutions, including process and building solutions. Geographically, the company derives 60% of its revenue from India and 40% from its export business, which focuses on engineering services, contract manufacturing, and projects across its line of businesses for Honeywell affiliates. In FY25, Honeywell Automation clocked 3.2% revenue growth owing to muted demand. Ebitda fell 0.8%, and its margin deteriorated from 15% in FY24 to 14% in FY25. Shares of Honeywell Automation are down 34% over the past year because of its muted financial performance. Conclusion The rise of automation marks a transformative phase in India's industrial and technological evolution. Despite recent margin pressures and low order inflows, these five companies are strategically positioned to benefit from structural tailwinds. India's ongoing push for self-reliance in manufacturing, digital infrastructure, and smart industrialisation under various initiatives is likely to accelerate automation adoption across sectors. While not all of these stocks have delivered strong returns, their long-term growth potential remains compelling as automation becomes integral to business efficiency, innovation, and competitiveness. The key for investors is to stay informed and track financials, earnings, execution, and signs of sustained demand recovery. Keeping these stocks on your radar and timing entries wisely could be a strategic move in capitalising on India's digital and industrial transformation. As always, investing decisions should be guided by individual risk tolerance, financial goals, and proper due diligence. Remember the challenges before diving headfirst. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated
