About Quadrant Future Tek
Quadrant Future Tek Limited was established in 2015, focusing on manufacturing specialty cables and advanced train control systems. The company serves key industries such as railways, defence, aerospace, and electric vehicles. With expertise in producing fire-resistant and lightweight cables, it ensures safety and reliability for critical applications. The business also plays a significant role in India’s rail safety with its Kavach system, an advanced automatic train protection system.
Financials of Quadrant Future Tek
Strengths
- Quadrant Future Tek leads the development of a comprehensive train control system that integrates multiple subsystems for improved rail safety.
- The company has entered into an exclusive Memorandum of Understanding with RailTel Corporation of India Limited, a government undertaking. This will help with funding long-term working capital requirements.
- The company has strong in-house capabilities for designing and developing railway signaling products.
Risks
- The company has faced disputes among promoters regarding business activities in competing companies, which could affect the company’s governance and operations.
- The business relies heavily on one facility in Mohali, Punjab. Any breakdown or shutdown could severely impact operations.
- Revenues are substantially dependent on the policies of the Ministry of Railways and operations of Indian Railways and tenders awarded by different Railway Zones.
- The business requires a lot of working capital for business operations. Failure to meet this requirement will significantly affect the business.
- The company primarily deals with customers on a purchase-order basis or through tenders it issues periodically. As a result, it does not have long-term contracts with most of them.