- Business
- Panabyte Technologies Ltd. (BSE: PANABYTE.BO) engages in the supply, service, manufacturing, distribution, import, and export of IT-related products, consumer electronics, electrical goods, and technology solutions primarily in India. The company offers electronic security systems including access control and time attendance management, canteen management, fire detection and alarm systems, e-surveillance and CCTV surveillance systems, smart parking, perimeter security, and access control panels with anti-tailgating detectors; IT infrastructure products and peripherals; IoT solutions encompassing smart computing devices and virtualization, smart and AI-based digital classrooms, smart and connected cars, smart asset management, retail IoT, healthy living solutions, AV and pen display solutions, and smart water management; as well as card printing, asset management, installation services, maintenance for surveillance and biometric systems, project-based services, annual maintenance contracts, and contract manufacturing on OEM/ODM basis. Incorporated in 1981 and headquartered in Thane, Maharashtra, the ISO 9001:2015-certified firm, formerly known as Panache Innovations Ltd., changed its name in October 2022 and maintains a strong domestic client base spanning private corporations, government entities, and PSUs such as Mahindra & Mahindra, CMS Info Systems, and defence laboratories. Recent developments include securing contracts such as INR 80 million from Mahindra & Mahindra in February 2024, INR 35 million orders and INR 20 million tenders in May and August 2024, a sub-contract for access control at Delhi Airport in March 2024, funding rounds including INR 11.88 million in April 2024 and INR 4.2 million in February 2025, warrant conversions raising INR 54.02 lakh in Q3 FY2026 with a reported profit of INR 36.21 crore, and a private placement announced in January 2025.