Tonbo Imaging India IPO

Tonbo Imaging India Limited is a defence electronics original equipment manufacturer (OEM) with a global presence, specialising in the design, development and manufacture of advanced electro-optic and infrared (EO/IR) technologies, embedded vision solutions, communication systems, guidance equipment and surveillance technologies for defence and security applications. Its product portfolio encompasses a wide range of battlefield solutions, including thermal imaging equipment, weapon sights, missile seekers, fire control systems, missile guidance solutions, targeting systems and handheld thermal imaging devices. Products and Solutions • Tactical Systems: These solutions support critical battlefield functions such as imaging, surveillance, reconnaissance and target acquisition, enabling improved situational awareness and operational effectiveness. • Platform Systems: The Company's platform offerings comprise subsystems that provide observation and fire control capabilities for aerial, ground and weapon platforms, as well as complete platforms designed to undertake threat-neutralisation operations. • Directed Energy Systems: Tonbo is developing a range of technology components to address emerging threats, including drone swarms. These components are being integrated into a high-power microwave (HPM) platform marketed under the brand name WaveStrike. Tonbo serves defence and security organisations in 24 countries, with more than 28,000 systems deployed in the field. During FY2024 to FY2026, the Company was India's largest manufacturer of thermal imaging systems for government and defence agencies and the country's largest exporter of thermal imaging systems by volume. Its solutions are built on proprietary, fully owned intellectual property and are free from International Traffic in Arms Regulations (ITAR) restrictions, supporting access to international markets without the export constraints associated with ITAR-controlled technologies. The Company's business model is driven by continuous innovation, supported by in-house research and development, proprietary engineering capabilities and advanced manufacturing infrastructure. Tonbo is an approved supplier under India's Indigenously Designed, Developed and Manufactured (IDDM) defence procurement framework, aligning its operations with the Government of India's Make in India and Atmanirbhar Bharat initiatives. As of June 30, 2026, Tonbo employed 339 permanent employees across various functions, including product design and development, manufacturing, project management, sales, finance, human resources and management.