Suich Industries Limited – SME IPO

Incorporated in 2008, Delhi-based Suich Industries Limited was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name. The company imports the equipment and assembling parts from China. It has a manufacturing unit at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar where it assembles the products. Recently, the company has also entered into exports business for its products. Suich Industries Limited is also involved in the trading activity of finished products between manufacturers and distributors on-demand basis. Blue Wave Trading H.K. Ltd is the wholly owned subsidiary of the company to procure the raw materials. The company has also set up a Research & Development Centre (R&D) focusing on the expansion of the product portfolio.

Company Promoters:  Gunnit Singh Allagh & Sanchit Singh.